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🌙 Ethereum ETF Approval Delayed Until July 8

Analysts had expected approval by July 2, but the U.S. Securities and Exchange Commission (SEC) has requested issuers submit revised filings by July 8.

Author

Mike Gavela
July 02, 2024

Crypto Roundup - July 2

The SEC has delayed the approval of an Ethereum ETF until July 8, raising concerns among investors and adding to the market's volatility. Federal Reserve Chair Jerome Powell's reaffirmation of a tight monetary policy to combat inflation has led to a significant drop in crypto prices, reflecting the broader market's sensitivity to interest rate decisions. In the political arena, Vice President Kamala Harris's odds of securing the Democratic nomination for the 2024 presidential election have surged on Polymarket, a popular prediction platform, indicating increasing confidence in her candidacy.

Top Stories:

  • Ethereum ETF approval delayed until July 8, adding to market uncertainty and investor concerns.

  • Jerome Powell's firm stance on maintaining high interest rates leads to a sharp drop in crypto prices.

  • Kamala Harris's odds of winning the Democratic nomination surge on Polymarket, reflecting growing confidence in her candidacy.

TOP STORIES

Ethereum ETF Approval Delayed Until July 8 - The Defiant

Until last week, analysts expected Ethereum spot ETFs to be approved by July 2.

thedefiant.io/news/markets/ethereum-etf-approval-delayed-until-july-8

Crypto Markets Drop as Powell Holds Firm on Interest Rates - The Defiant

Bitcoin dropped 2%, and Ethereum fell 1.5%, while Solana and Polkadot eked out minor gains.

thedefiant.io/news/markets/crypto-markets-drop-as-powell-holds-firm-on-interest-rates

Kamala Harris' Odds of Winning Democratic Nomination Surge on Polymarket

Supporters are calling on the vice president to step us following boss Biden's doddering debate debacle.

www.coindesk.com/markets/2024/07/02/kamala-harris-odds-of-winning-democratic-nomination-surge-on-polymarket

FUNDRAISES

OTHER HEADLINES

Solana protocol tops Ethereum in daily revenue thanks to $51bn memecoin craze

Pump.fun edged Ethereum in daily revenue on Monday amid Solana DeFi protocol MarginFi's plan to launch leveraged memecoin trading.

www.dlnews.com/articles/defi/solana-memecoin-maker-tops-ethereum-in-daily-revenue

Vitalik Buterin just invested in this little-known blockchain project

The Ethereum co-founder is one of several big names backing MegaETH.

www.dlnews.com/articles/defi/ethereum-co-founder-vitalik-buterin-funds-megaeth-raise

Polkadot’s $245M treasury not limited to 2-year runway, despite community concerns

The Polkadot blockchain’s treasury has two years left of spending at its current rate, with its 2024 half-year report detailing it has $245 million worth of assets.

cointelegraph.com/news/polkadot-treasury-245-million-two-year-runway

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