Ethereum

The improving odds of spot Ethereum ETF approval is a mixed-bag scenario for Solana maximalists.  On the one hand, Ethereum ETFs could sidetrack the Solana bull rally, allowing ETH to take the center stage in the altcoin space. On the other hand, experts believe that the SEC’s greenlight could pave the way for spot Solana ETFs in the near future.  The latter scenario could send the SOL price skyrocketing, with Solana meme coins such as Sealana emerging as the foremost…

Shiba Inu (SHIB), the world’s second-biggest meme coin by market cap surged by 5.75% in the last 24 hours as speculation about the possible approval of the first spot, Ethereum ETF hits the crypto market.  This staggering rally propelled SHIB's value above the $0.000025 threshold. While SHIB is currently down by 6% in the past 30 days, its rally by over 5% in two weeks amid the uptrend in the broader market raises questions about where its price could be…

Ethereum (ETH) stages a massive rebound as its market cap surpasses that of MasterCard to secure the 26th position on the global asset rankings.  According to analysts, this move was triggered by the potential approval of the first spot Ethereum Exchange Traded Fund (ETF) in the US.  The growing influence and acceptance of Ethereum (ETH) in the global financial system have been confirmed in the latest Odaily data, disclosing the incredible move of digital assets into the 26th position of…

Ethereum’s value soars by 18%, nearing $4,000 due to heightened ETF approval speculation. Potential SEC approval could significantly advance mainstream financial integration of cryptocurrencies. Ethereum has experienced a significant increase, rising 18% to a peak of $3,691, primarily driven by speculation that the U.S. Securities and Exchange Commission (SEC) might soon greenlight the first spot Ethereum ETFs. Analysts at Bloomberg have revised their approval probabilities for these ETFs from 25% to an optimistic 75%, reflecting a strong market sentiment. This…

The post Dogecoin Founder Wishes Ethereum Price To Reach $100K appeared first on Coinpedia Fintech News Ethereum’s unprecedented surge, fueled by news of a possible ETF approval, has led to bullish forecasts. Its value skyrocketed overnight on May 20th, with the price surging over $590 to $3,660, marking its largest single-day increase in market value to date. Billy Markus, the Dogecoin founder, hinted at a long-term bullish outlook for Ethereum due to this remarkable price surge and expressed his wish…

The post Fidelity Files Updated S-1 Application for Spot Ethereum ETF Ahead of SEC Looming Deadline appeared first on Coinpedia Fintech News In a significant move for the cryptocurrency market, Fidelity has filed an updated S-1 application for its Spot Ethereum ETF. This has sparked speculation within the investment community, especially after the SEC recently asked Ether ETF issuers to update their 19b-4 filings. Fidelity Updates S-1 Form Fidelity, one of the world’s leading asset management firms, has recently filed…

The post Coinbase Bullish on Ethereum? Here Are The Top ERC20 Tokens To Diversify With appeared first on Coinpedia Fintech News Coinbase’s latest research report has outlined key factors that could propel the Ethereum price higher in the future. ETH currently lacks supply-side overhangs, such as large token unlocks or heavy miner selling, which typically cap rallies. Moreover, the report highlights that staking and Layer-2 growth are reducing the liquid ETH supply.  Its dominant position in DeFi looks secure due…

Dubai, United Arab Emirates, May 21st, 2024, Chainwire Bybit, one of the world’s top three crypto exchanges by volume, experienced a surge in trading volume on the popular ETH/BTC pair on the back of news that US regulators may approve an Ethereum ETF soon. Following the news, traders potentially profited from ETH’s impressive 15% move against BTC. The news that caused the surge was that US regulators asked ETH ETF applicants to update their filings, causing speculation that the updates…

The post Why Could Ethereum ETF Trigger a Larger Crypto Bull Run Than Bitcoin ETF? appeared first on Coinpedia Fintech News The crypto community is filled with speculation and expectancies as the SEC speeds up the review of Spot Ethereum ETFs. We explained how the approval of Ethereum ETFs would greatly impact Ethereum and the wider crypto market. In May, the crypto market priced in denial and even the possibility of Ethereum being labeled a security. However, the odds have…