Following the approval of spot Bitcoin ETFs, there is much excitement and anticipation in the crypto market for spot Ether ETFs, and it appears U.S. investors are particularly interested in ETH, as per recent data.
The SEC's stance on spot Ethereum ETFs appears less favorable, as it has been described as a "hard no" with reported "internal resistance to the idea."
Peirce, also known as "crypto mom" in the cryptocurrency community, enthusiastically acknowledged the newfound investment opportunities unlocked with the approval of Bitcoin ETFs.
The SEC emphasized the need for an extended evaluation period to make an informed decision regarding approval, disapproval, or the initiation of further proceedings.
The latest movements of ETH stashes by Celsius and FTX underscore the strategic reactions of both crypto businesses to the positive movement of the market.
Unlike BlackRock's spot ETH ETF filing, Fidelity's application did not trigger a massive surge in the price of Ether since the crypto asset was on a downtrend when the news broke.
Just like it created a buzz in the market when it filed an application for a Bitcoin exchange-traded fund (ETF), BlackRock sparked a surge in the price of ETH by registering an iShares Ethereum Trust in Delaware on Thursday.
The prevailing sentiment among developers, as voiced by Prysm developer Potuz, was that "there is no way we are forking mainnet in 2023."
Buterin has finally said his piece about the transactions. He reminded the community that the funds were transferred not for his personal gain but for "some charity or nonprofit or other projects." The receiving organization sometimes uses the funds to meet its operating expenses.
But while the non-profit organization has been mum on the reason behind its latest move, data from token flow-oriented data platform EigenPhi revealed that when it sold 1,700 ETH via Uniswap v3, it came under a Sandwich attack by MEV Bot (0x00...6B40).
While others are optimistic about the launch of Ethereum Futures ETF, analysts noted that it could reduce market volatility but could also dampen the potential of Ether's performance, a trend that typically emerges as the asset class matures.
The positive price movement could be attributed to the anticipation surrounding the Ethereum Futures ETF applications, which according to analysts, could launch as early as next week.
Buterin has been making headlines over the past few weeks not just for his statements related to the cryptocurrency industry but also because of the series of transfers he made.
And while it is not known why Buterin made the latest move, many speculate it has something to do with Christensen's comment about Solana blockchain's codebase.
Grayscale Investments was in the spotlight a few days ago because of a federal appeals court decision that favored its claim.
While the reason behind the latest move by Buterin is still unknown, it triggered the crypto community to speculate, especially since the transfer of this amount usually impacts the market, which is currently wallowing in a sea of red.
It is worth noting that on the day Buterin moved the assets, the Ethereum Foundation - the non-profit organization dedicated to supporting Ethereum and related technologies - also moved ETH worth $29.7 million to Coinbase.
Unlike the positive impact on the price of Bitcoin when BlackRock and other financial giants filed their spot BTC ETF applications, the price of Ether remains within its usual range.
The Binance CEO shared that at the time Buterin was "already working on and talking about ETH non-stop" and somehow regretted that he didn't buy Ether, saying it was "a miss of a lifetime."
The photographer described Buterin as garbed with "distressed casual clothing and no instinct for any formal photos" at the time the photo shoot happened, so he "took off his own striped dress shirt for Vitalik to wear."
"Notwithstanding a regulatory framework around stablecoin, they're going to be commodities in my view," the CFTC chairman said.
While Ethereum could reach the $10,000 price level, for now, it is just slowly reclaiming its previous price and is currently at the $1,700 level.
Since the start of the new year, Bitcoin showcased an impressive price rally soaring from its previous price of below $17,000 to around $23,000 these days.
The Bank of Japan on Tuesday announced that it is adjusting its yield curve control policy by expanding the trading on its 10-year yield target 0.23% to 0.50%, a decision expected to have major ramifications across the globe.
"Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures," the Federal Open Market Committee noted.
The court document underlined that aside from Bitcoin, the U.S. regulator now considers Ethereum and USDT, among others as commodities.
Bitcoin traded at $17,000 levels on Sunday showing an almost 2% increase as investors hoped for a friendlier interest rate hike decision from the U.S. Central Bank.
There is a misconception among investors each time tokens are sent to centralized exchanges. Most of them think that the holders have sold them or are on a dumping spree.
The continuing FUD hovering in the industry pummels top crypto assets like Bitcoin and Ethereum.
Rostin Behnam does not agree with Chair Gary Gensler who considers Ether as a security.
