The US Securities and Exchange Commission (SEC) approving Ethereum spot ETFs was a big step for the cryptocurrency market. The regulator’s decision followed the earlier approval of Bitcoin spot ETFs, which led to a massive inflow of capital into BTC. Ethereum ETFs Could Record Massive Inflows After Launch A prominent crypto researcher Bobby Banzai forecasts monthly inflows of $569 million for Ethereum ETFs once trading begins. His prediction is based on international ETF values and Chicago Mercantile Exchange (CME) futures open interest data, which show that ETH’s value is around 19% relative ..read more

In the wake of Ethereum exchange-traded funds (ETFs) approval, top analyst Michaël van de Poppe is bullish on five specific altcoins and predicts substantial returns. This landmark event has spurred interest across the Ethereum ecosystem, setting the stage for an altcoin season. Here is a look at the altcoins van de Poppe is eyeing to buy, each chosen for their potential to yield significant gains. 1. Optimism (OP) Optimism, a Layer-2 scaling solution for Ethereum, is the first altcoin on the list. With Ethereum’s price surge, platforms enhancing its efficiency are expected to thrive. This Lay ..read more

The crypto market is not an easy-to-navigate space, considering the barrage of ongoing developments and changing conditions.  During this hour, traders who have experienced the space’s ups and downs tend to be helpful. BeInCrypto has compiled a list of individuals you could benefit from, too. Scott Melker – The Wolf of All Streets X Account – https://twitter.com/scottmelker Followers – 958K Scott Melker, also known by his alias, The Wolf of All Streets, is one of the biggest crypto traders and influencers. His knowledge, however, is not constrained to just the crypto market; he also dra ..read more

Web3 founders face unprecedented challenges, especially in light of the recent US crypto crackdown. The $4 billion settlement with Binance and legal actions against its CEO highlight the intensified regulatory scrutiny in the cryptocurrency market. This crackdown reflects the necessity for Web3 startups to adapt their strategies to navigate the regulatory environment effectively. Regulation Boosts Investors’ Confidence The US regulatory environment for cryptocurrencies has become increasingly stringent. Regulatory bodies emphasize compliance with financial regulations, anti-money laundering (A ..read more

Starting on June 30, Binance, a major cryptocurrency exchange, will apply new rules on unapproved stablecoins in the European Union. This move is a response to the EU’s Markets in Crypto-Assets (MiCA) regulations, which are designed to create clear rules for digital assets in the area. Binance Will Restrict Unregulated Stablecoins in the EU The MiCA law, recently approved by the European Parliament, sets strict rules for creating and managing stablecoins. To follow these new rules, Binance will limit the use of unapproved stablecoins on its platform. The platform is asking its users to switch ..read more

The recent halt of Linea’s blockchain has ignited discussions about its commitment to decentralization as an Ethereum Layer-2 (L2) solution. Significant security concerns drove the decision, and industry experts weighed in on the implications for the project’s decentralized future. Linea’s Effort in Balancing Decentralization and Security Following Linea’s decision to halt block production, Alex Gluchowski, CEO of Matter Labs, emphasized the importance of decentralization in L2 projects. He noted that central control could undermine the principles that Ethereum L2 projects aim to uphold. “Dec ..read more

Monochrome Asset Management is set to make history with the launch of Australia’s first spot Bitcoin (BTC) exchange-traded fund (ETF) that holds Bitcoin directly. The Monochrome Bitcoin ETF (IBTC) will begin trading on the Cboe Australia exchange on Tuesday, June 4, 2024, at 10:00 AEST (00:00 UTC). This marks a significant milestone for the Australian crypto market. It also offers investors a regulated and transparent way to gain direct exposure to Bitcoin. Direct Bitcoin Holdings: Monochrome’s ETF Debut The introduction of IBTC addresses a gap in the market. This product is the first and curr ..read more

With Bitcoin (BTC) attempting to break the important $69,000 price level, dogwifhat (WIF) is experiencing bullish breakout momentum. Dogwifhat is up 7% today, indicating a possible bullish continuation. Dogwifhat Price Action on the Daily Timeframe WIF has exited its 1-day Ichimoku cloud to the upside, signaling very bullish market optimism. This breakout from the Ichimoku cloud strongly indicates that the bullish momentum is gaining traction. When a price trades above the Ichimoku cloud, it typically reflects a significant shift in market sentiment towards optimism and potential continued upw ..read more

Toncoin’s (TON) price has been struggling to close above a critical resistance level that may change with the emergence of Notcoin. The investors favoring a rise over profit-taking could substantiate the uptrend TON notices. Toncoin Is Safe From a Fall. Toncoin’s price has benefited from the recent bullishness surrounding Notcoin (NOT). NOT is the native token of a web3 game on the Toncoin blockchain. The altcoin has surged by more than 220% in the past week, which has also instilled optimism of a rally among TON holders. The market is positive towards a rise, with Moving Average Convergence D ..read more

In May, the crypto industry saw significant events related to regulatory clarity in the US. President Joe Biden’s administration has dramatically shifted its crypto stance within a month. Initially resistant to crypto, the administration recently took several pro-crypto actions, signaling a significant policy change. This article explores the events and motivations behind this surprising transition, including political pressures and legislative developments. Passage of Crypto-Focused Bills On May 16, the US Senate voted to pass H.J. Res 109, a resolution to overturn the Securities and Exchange ..read more