Ethereum | ForkLog

ForkLog 7 25.05.2024

JPMorgan: Approval of ETH-ETF Seen as Political Move Ahead of US Elections

JPMorgan analysts have described the SEC’s approval of spot Ethereum-ETFs as a political decision in the lead-up to the US presidential elections. This was reported by The Block. “We view this ETF approval and cryptocurrency in a broader sense as an increasingly political issue ahead of the US presidential elections in 2024. Therefore, we expect […]

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ForkLog 5 24.05.2024

Ethereum Dips Below $3700 Following ETF Approval: Analysts Weigh In

Following the approval by the SEC of Form 19b-4 applications for launching spot Ethereum ETFs, the underlying asset fell by 7.5%—from $3950 to $3650. 15-minute ETH/USDT chart on Binance. Data: TradingView. Briefly, the cryptocurrency dipped below $3500. At the time of writing, ETH had recovered to $3710. Julio Moreno, Head of Research at CryptoQuant, noted […]

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ForkLog 11 24.05.2024

SEC Approves Spot Ethereum ETFs: Key Developments

On May 23, the U.S. Securities and Exchange Commission (SEC) approved 19b-4 applications from issuers of spot exchange-traded funds based on Ethereum. The companies receiving approval include VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK Invest/21Shares, Invesco/Galaxy, and Bitwise. However, the regulator did not grant permission for Hashdex, whose application deadline expires on May 30. Trading […]

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ForkLog 13 23.05.2024

Ethereum Surpasses $3900 Amid New ETF Developments

The U.S. Securities and Exchange Commission (SEC) has commenced discussions on the S-1 form in applications for the registration of spot Ethereum ETFs, according to The Block, citing sources. “Essentially, everything is just beginning. It feels like the [Division of Investment Management] was somewhat caught off guard by the change in sentiment,” said a representative […]

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ForkLog 15 22.05.2024

Bernstein Analysts Predict Ethereum Surge to $6600 with ETF Approval

Approval by the SEC of spot exchange-traded funds based on Ethereum could lead to a 75% increase in the asset’s price, reaching $6600. This view was expressed by Bernstein analysts Gautam Chhugani and Mahika Sapra, as reported by DL News. According to their assessment, the approval of spot Bitcoin ETFs in January resulted in a […]

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ForkLog 20 22.05.2024

Matrixport Co-Founder Suggests Solana as Next ETF Candidate

Should spot Ethereum ETFs receive approval, Solana (SOL) could be the next contender for launching exchange-traded funds, according to Matrixport co-founder Daniel Yan. What’s the trade, if ETH ETF really get approved in two days? The popular trade would be “BUY ETH”. Can’t really argue with that but do note that ETH is almost +20% […]

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ForkLog 9 22.05.2024

SEC’s Leaning Towards Approval of Spot Ethereum ETFs Sparks Market Buzz

Insiders report SEC’s “leaning” towards approving ETH-ETFs. Ethereum co-founder Joe Lubin predicts a supply crunch post-ETF launch. Some experts see political undertones in the regulator’s actions. Officials from the U.S. Securities and Exchange Commission (SEC) have informed trading platforms that the agency is “leaning” towards approving spot Ethereum-ETFs. This was reported by Barron’s, citing anonymous […]

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ForkLog 15 21.05.2024

Fidelity Drops Staking from Ethereum ETF Application Amid Regulatory Developments

Fidelity has removed the staking feature from its spot Ethereum ETF application. The SEC has requested Nasdaq and CBOE to update listing forms for the instruments. Standard Chartered analysts anticipate product approval as early as this week. Fidelity has omitted the staking provision in its updated S-1 form for a spot Ethereum ETF. Previous documents […]

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ForkLog 10 21.05.2024

Ethereum Developer Joins EigenLayer as Advisor

Ethereum Foundation researcher Dankrad Feist has announced that he has “recently” become an advisor to EigenLayer, joining his colleague Justin Drake under similar terms. Together with Justin Drake, I have recently decided to become an advisor to Eigenlayer, on the same conditions — I am taking this position personally, not representing the Ethereum Foundation, and […]

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ForkLog 13 21.05.2024

Uniswap Labs and Across Protocol Propose Ethereum Standard for Interoperability

Teams from Uniswap Labs and Across Protocol have proposed a new industry standard, ERC-7683, to facilitate cross-network interaction based on the concept of “intents.” We proudly present: ERC-7683 ✨ A new industry standard for cross-chain intents from Across and @Uniswaphttps://t.co/JBZYxMMxYs? pic.twitter.com/2enPsviYQZ — Across (@AcrossProtocol) May 20, 2024 This increasingly popular approach among blockchain projects suggests […]

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ForkLog 9 21.05.2024

Analysts Predict Ethereum Volatility Amid ETF Hype

The narrative surrounding the launch of spot Ethereum ETFs could increase the volatility of the second-largest cryptocurrency by market capitalization, according to several industry analysts. On May 20, media reported that the SEC requested companies to update form 19b-4 in their applications for the launch of the instrument. Following the news, ETH’s price exceeded $3600. […]

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ForkLog 16 21.05.2024

Vitalik Buterin Advocates for Unified Interoperability Solution for L2 Networks

The ecosystem requires an open decentralized protocol for swiftly transferring assets between L2 networks, integrated into wallet interfaces by default, according to Ethereum co-founder Vitalik Buterin. We need an open decentralized (operator-free, governance-free) protocol for quickly moving assets from one L2 to another, and for that to be integrated into wallets’ default sending interface. Get […]

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