🌙 SEC Approves Spot Ethereum ETFs

After accelerating conversations with issuers, the SEC took a step toward allowing ETH funds to launch.

Author

Mike Gavela
May 23, 2024

Crypto Roundup - May 23

The U.S. Securities and Exchange Commission (SEC) approved the first spot Ether ETFs, marking a significant milestone in the crypto industry. Simultaneously, the U.S. House of Representatives passed a bill preventing the Federal Reserve from issuing a central bank digital currency (CBDC). These developments coincided with volatile price movements in Bitcoin and Ether, leading to $350 million in liquidations across the crypto market.

Top Stories:

  • U.S. Securities and Exchange Commission approves spot Ether ETFs, a landmark decision for the cryptocurrency sector.

  • U.S. House passes bill banning the Federal Reserve from issuing a central bank digital currency, reflecting growing skepticism about CBDCs.

  • Wild Bitcoin and Ether price swings result in $350 million liquidations following the spot Ether ETF decision, highlighting market volatility.

TOP STORIES

SEC Approves Spot Ethereum ETFs in Landmark Decision - The Defiant

Just over four months after Bitcoin ETFs began trading in the U.S., the Securities and Exchange Commission (SEC) has greenlit trading of exchange-traded funds backed by spot Ether.

thedefiant.io/news/tradfi-and-fintech/u-s-securities-regulator-approves-spot-ether-etfs-in-landmark-decision

U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

The bill's prospects in the Senate are unclear, however.

www.coindesk.com/policy/2024/05/23/us-house-passes-bill-banning-federal-reserve-from-issuing-a-cbdc

Wild Bitcoin, Ether Price Swings Amid Spot ETH ETF Decision Triggers $350M Liquidations

U.S. regulators approved listing spot ETH ETFs but have not yet cleared to trade.

www.coindesk.com/markets/2024/05/23/wild-bitcoin-ether-price-swings-amid-spot-eth-etf-decision-triggers-350m-liquidations

FUNDRAISES

Sonic and Beyond: A New Era of Blockchain Innovation

Unveiling our new Sonic chain, $10 million funding round, and pivot to a new era of innovation as we relaunch as a fresh, community-centric brand.

blog.fantom.foundation/sonic-and-beyond-a-new-era-of-blockchain-innovation

OTHER HEADLINES

Coinbase reopens XRP trading in New York

Coinbase CLO Paul Grewal announces XRP open for trading for New York residents.

cointelegraph.com/news/coinbase-reopens-xrp-trading-new-york

FTX Group paid $25 million to settle whistleblowers' claims, including market manipulation allegations: examiner's report

Bankrupt FTX paid over $25 million to seven whistleblowers who found issues with the firm, according to an examiner's report on Thursday.

www.theblock.co/post/296453/ftx-group-paid-25-million-to-settle-whistleblowers-claims-including-market-manipulation-allegations-examiners-report

'Notcoin' Missions Let You Passively Earn Crypto via Telegram—Here's How - Decrypt

After launching its NOT token, Telegram-based game Notcoin now has "earnings missions" that let you stack up crypto rewards. Here's how.

decrypt.co/232137/notcoin-missions-passively-earn-crypto-heres-how

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