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ForkLog 8 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 12 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 9 23.05.2024

Sam Bankman-Fried’s Prison Transfer and Do Kwon’s Extradition Dilemma

Sam Bankman-Fried, the founder of the collapsed FTX exchange sentenced to 25 years, is being moved to a new prison in California, according to The Wall Street Journal, citing sources. Federal authorities initiated the transfer of inmates from the Brooklyn prison early on May 22, a representative for SBF stated. The spokesperson “could not confirm” […]

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ForkLog 5 23.05.2024

US House of Representatives Passes Crypto Regulation Bill

The US House of Representatives has passed a bill on the structure of the cryptocurrency market, known as the FIT21, aimed at regulating the industry as a whole. The bill received 279 votes in favor and 136 against. The Republican-sponsored bill was supported by 71 Democrats, including former Speaker Nancy Pelosi. “FIT21 is the first […]

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ForkLog 8 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 14 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 8 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 9 21.05.2024

SEC’s New Requirement for Ethereum-Based ETFs Unveiled

The U.S. Securities and Exchange Commission (SEC) has requested companies to update form 19b-4 in their applications for launching spot Ethereum ETFs, according to CoinDesk, citing sources. The Wall Street Journal also reported on the regulator’s demand for amendments to the documents in an “expedited manner.” However, the SEC’s actions do not guarantee that spot […]

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ForkLog 16 20.05.2024

Ethereum Developer’s Role in EigenLayer Sparks Community Debate

On May 19, Ethereum developer Justin Drake disclosed his role as an advisor to the independent non-profit Eigen Foundation, a revelation that elicited mixed reactions from the community. I recently became an advisor to the EigenFoundation. I feel the community deserves transparency so here is an extended disclosure 🙂 1) The advisorship comes with a […]

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ForkLog 14 20.05.2024

Another Top Executive Departs OpenAI Amid Safety Concerns

Last week, OpenAI saw the departure of two key figures—co-founder and leading researcher Ilya Sutskever and Jan Leike. The latter headed the team responsible for safety and the development of human-centric AI models. Following their exit, the company dissolved their department, which focused on long-term AI risks (Superalignment), a division announced in July 2023, according […]

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ForkLog 10 17.05.2024

MN Trading Founder Shifts from Bitcoin to Altcoins

Analyst and MN Trading founder Michaël van de Poppe explained his decision to sell all his accumulated Bitcoin and how he plans to utilise the proceeds. I’ve sold all my #Bitcoin Yes, I did. I didn’t lose my faith in Bitcoin, I’m not expecting Bitcoin to be topped out for this cycle. I’ve not become […]

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ForkLog 70 16.05.2024

Bitcoin Surges Past $66,000: Analysis and Expert Forecasts

On May 16, following the release of macroeconomic data in the United States, the leading cryptocurrency surpassed the $66,000 mark, gaining nearly 7% in a day. ForkLog reports on the market’s condition and shares insights from consulted experts. At the time of writing, Bitcoin is trading at $66,240, with a market capitalization of $1.3 trillion […]

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