A spot ETF on Ethereum invests directly in $ETH, enabling investors to gain exposure to Ethereum without the need to buy, hold, and manage the cryptocurrency directly.
As per data available online, the total supply in addresses holding 1,000 $BTC or more has hit a two-year peak.
The $POL migration represents the first phase of $MATIC’s evolution into what Polygon Labs describes as a “hyperproductive token”.
Solana’s DEX volume led all major blockchains over the last seven days, highlighting its growing influence in the decentralised finance (DeFi) sector.
The SEC has reportedly given preliminary approval to at least three issuers to start listing spot Ether ETFs as early as 23 July.
The settlement includes $8.7 billion in restitution and $4 billion in compensation, with the latter subject to the advance payment of all creditor claims.
Sources indicate that all eight spot Ether ETFs are expected to launch simultaneously, mirroring the SEC’s approach with spot Bitcoin ETFs.
These platforms are suspected of fraudulent activities, such as blocking withdrawals and demanding “fees” to resume operations.
JPMorgan’s recent report notes that a potential broader crypto market in August could benefit altcoins too. If Bitcoin’s price rises in August, altcoins could recover as well.
Bitcoin, Crypto Regulation, Ethereum
Bitcoin and Ethereum officially commodities: Key takeaways from CFTC hearing
The development differs from SEC Chairman Gary Gensler’s previous statements, which suggested only Bitcoin was a commodity, and most other tokens should be regulated as securities.
