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🌙 Traders Bet Ethereum Will Hit $5k

Options traders are betting that Ethereum will continue to rally following SEC approval for a spot Ethereum ETF.

Author

Mike Gavela
May 24, 2024

Crypto Roundup - May 24

Recent developments in the cryptocurrency world highlight bullish sentiments among Ethereum options traders following the SEC's nod for an ETF, legal repercussions for crypto-related crimes in the UK, and ongoing hiring trends among major crypto exchanges. Ethereum traders are optimistic about future market prospects, while legal actions in the UK underscore the serious consequences of crypto-related fraud. Meanwhile, prominent crypto exchanges continue to expand their teams, indicating ongoing growth in the industry.

Top Stories:

  • Ethereum options traders are bullish after the SEC approved an Ethereum futures ETF, signaling increased institutional interest in the cryptocurrency.

  • UK court jails a woman for laundering $10 million worth of Bitcoin connected to a $5.6 billion fraud, emphasizing the strict legal stance on crypto-related crimes.

  • Major crypto exchanges including Binance, Coinbase, OKX, and Crypto.com are actively hiring, reflecting ongoing growth and expansion within the industry.

TOP STORIES

Traders bet Ethereum will hit $5,000 as ETF nod sparks rally

Options traders are betting that Ethereum will continue to rally following SEC approval for a spot Ethereum ETF.

www.dlnews.com/articles/markets/ethereum-options-traders-bullish-after-sec-etf-nod

Woman jailed for laundering $10 million in BTC tied to $5.6 billion fraud

Jian Wen was sentenced to six years and eight months in jail for laundering 150 BTC tied to a $5.6 billion investment fraud.

www.theblock.co/post/296721/uk-court-jails-woman-for-laundering-10-million-worth-of-bitcoin-tied-to-alleged-5-6-billion-fraud-report

Binance, Coinbase lead crypto exchanges’ 1,200 job hiring spree

The bull run has motivated crypto exchanges to boost their headcount.

www.dlnews.com/articles/people-culture/binance-coinbase-okx-cryptocom-among-hiring-crypto-exchanges

FUNDRAISES

OTHER HEADLINES

Marathon Digital enters renewable energy partnership with Kenyan gov’t

Marathon Digital partners with Kenya to develop the renewable energy sector.

cointelegraph.com/news/marathon-digital-kenya-renewable-energy

BitGo’s $100M suit against Galaxy can proceed — Delaware Supreme Court

In a May 22 decision, the Supreme Court of the State of Delaware said BitGo’s lawsuit against Galaxy Digital over a failed $1.2 billion merger agreement could move forward again.

cointelegraph.com/news/bitgo-galaxy-digital-lawsuit-delaware-supreme-court

Solana eyes 2025 for Firedancer rollout as DePIN activity surges

With DePIN activity surging, Solana targets Firedancer upgrade to enhance network performance and accommodate growth.

cointelegraph.com/news/solana-eyes-2025-firedancer-rollout-depin-activity-surges

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