Financial Nonprofit Better Markets: Approving a Spot Ether ETF Would Threaten ‘the Broader Financial System’

  vor 2 Stunden

Better Markets, a financial nonprofit organization, has lashed out against approving a spot ether ETF product, stating that it would endanger the broader financial system. In a supplemental comment letter sent to the SEC, the organization states that approving these spot ether ETPs would “interweave the crypto industry with traditional finance,” aggravating systemic risks introduced

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Gamestop Moon (GMEMOON) Will Skyrocket 9,000% as Huobi Listing Announced, While Shiba Inu and Dogecoin Struggle

  vor 3 Stunden

Gamestop Moon (GMEMOON) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE). Gamestop Moon (GMEMOON), a new Solana memecoin that was launched this week, is poised to explode over 9,000% in price in the coming days. This is because GMEMOON has announced its first centralized exchange listing, which will be on Huobi. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Gamestop Moon can only be purchased via Solana decentralized exchanges, like Jupiter and

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Bitcoin Surges to $66,000 as U.S. Macro Data Boosts Risk Assets

  vor 3 Stunden

Bitcoin hovered around $66,000 on May 16 after U.S. macroeconomic data triggered a surge in risk assets. Data from Cointelegraph Markets Pro and TradingView tracked Bitcoin’s price movement as bulls tried to solidify a 7.5% gain from the previous day. This rise followed the April Consumer Price Index (CPI) report, which slightly exceeded expectations and sparked hopes for looser financial conditions for crypto and other risk assets. However, some reactions were cautious. Market analysts pointed to a rapid increase in open interest as a potential sign that Bitcoin’s price movement might not be sustainable. Popular trader Credible Crypto commented on

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Do We Even Need Bitcoin ETFs

  vor 3 Stunden

After five years of drama and dozens of rejections, ETFs (exchange-traded funds) based on Bitcoin’s spot price have finally been approved. A total of 11 ETFs are making their market debut, allowing US investors to gain exposure to Bitcoin (BTC) without directly owning the cryptocurrency itself. While this could see billions of dollars flow into The post Do We Even Need Bitcoin ETFs appeared first on The Daily Hodl .

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