Author: Crypto News

With the Ethereum ETF approval speculations triggering a rally for Ether, the Ethereum ERC20 tokens are already heading to the moon. Smart investors are already accumulating these altcoins in anticipation of the SEC approving the ETFs. Some of the top altcoins that are surging are Ethereum Name Service (ENS), Metis (METIS) and Rollblock (RBLK). While these tokens are up by over 20%, crypto experts tip them to return over 100% in June. Thus, putting them in the list of altcoins to watch out for in the coming weeks. Rollblock: The Best Altcoin to Watch in 2024Rollblock (RBLK) is among the…

Last updated: May 24, 2024 09:07 EDT | 1 min read Crypto Experts Are Accumulating This New $0.022 Solana Token – The Next Big Thing? / Source: Cryptonews Crypto experts are rushing to accumulate an exciting new $0.022 Solana token called Sealana (SEAL), with some claiming that the newly launched meme coin could post gains of 50-100x, or more, and might be the next big thing.Sealana is a fun South Park-themed, overweight trading degenerate Seal cartoon character, who is looking to make a name for himself in the Solana ecosystem.Available now in presale for $0.022, investors have already piled over…

Last updated: May 24, 2024 07:58 EDT | 3 min read The concept of the Metaverse has gained significant attention in recent times, prompting many to consider its investment prospects.The Metaverse refers to a virtual universe where users can interact with a computer-generated environment and other participants in real-time.It encompasses a wide range of technologies, including virtual reality (VR), augmented reality (AR), blockchain, and artificial intelligence (AI).Metaverse Market Size and GrowthThe global metaverse market has been experiencing rapid growth.In 2022, the market was valued at approximately $63.83 billion.However, the market is expected to grow at an impressive compound annual growth…

Last updated: May 24, 2024 07:27 EDT | 3 min read The Solana price has dropped by 8% in the past 24 hours, falling to $163.28 on a day when the cryptocurrency market as a whole has lost 4%.These declines follow the news that the SEC has approved eight spot-based Ethereum ETFs, which follow in the footsteps of the 11 Bitcoin ETFs that gained approval in January.While this is entirely positive news, it appears to have led to a ‘sell the news’ correction, with SOL now also down by 3.5% in a week.However, its medium- long-term momentum remains enviable, and…

Last updated: May 24, 2024 06:17 EDT | 3 min read Bitcoin Price PredictionBitcoin (BTC), the leading cryptocurrency, struggled to halt its previous bearish trend, hovering around the $67,824 mark and hitting an intra-day low of $66,600. The decline intensified following the release of robust US labor market and Services PMI data, which reduced investor expectations of a September Fed rate cut and decreased demand for riskier assets.Looking ahead, Bitcoin investors will focus on upcoming comments from Fed officials, particularly Fed’s Waller, who is scheduled to speak on Friday.Hawkish remarks could weigh on Bitcoin. Furthermore, upcoming US Durable Goods Orders…

Last updated: May 24, 2024 06:14 EDT | 2 min read Nearly 40% of institutional investors had some exposure to crypto assets in 2023, a notable rise from the 31% recorded in 2021.A recent survey conducted by KPMG in Canada and the Canadian Association of Alternative Assets & Strategies has revealed a significant increase in institutional investors’ interest in cryptocurrencies.Per the survey, a third of respondents reported having at least 10% of their portfolio allocated to crypto assets, compared to only a fifth of respondents two years ago.Institutional Investors Enter Crypto Amid Maturing MarketThe survey also explored the reasons behind…

Last updated: May 24, 2024 03:26 EDT | 1 min read Kansas-based now-failed Heartland Tri-State Bank’s former head has pled guilty on Thursday for embezzling $47.1 million for a series of “personal crypto purchases.”This led to the bank’s failure in July 2023, at a complete loss of equity for investors, the U.S. Attorney’s Office for the District of Kansas noted.Shan Hanes, 52, who served as the CEO of the bank, purportedly orchestrated crypto schemes to cover the bank’s losses. He was squandering away tens of millions of dollars in cryptocurrency, the court order noted.“Shan Hanes is a liar and a…

Last updated: May 24, 2024 03:20 EDT | 2 min read The recent approval of spot Ethereum exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) potentially confirms Ether’s status as a non-security, according to industry experts.Bloomberg ETF analyst James Seyffart, speaking on the Bankless podcast with Ryan Sean Adams, emphasized that the approval of these commodity-based trust shares implies that the SEC explicitly recognizes Ether as not being a security. Seyffart further suggested that this recognition could extend to other tokens as well, solidifying their classification as commodities.S-1 Approval Would End Debate for ETH StatusDigital asset…

Last updated: May 24, 2024 02:23 EDT | 1 min read A U.S. district court has found crypto influencer Ian Balina guilty of violating U.S. securities laws.According to recent court filings, Judge David Alan Ezra ruled that Balina was guilty promoting and selling SPRK tokens without proper disclosure. the judge ruled that SPRK tokens met the criteria of the Howey Test, making them securities.Unlawful Promotion without Proper DisclosureBalina faced charges in September 2022 due to his participation in the unregistered initial coin offering (ICO) of SPRK tokens. The Securities and Exchange Commission (SEC) contended that these tokens necessitated appropriate registration…

Last updated: May 24, 2024 02:03 EDT | 2 min read Newly-approved spot Ethereum exchange-traded funds (ETFs) could potentially hit the market by mid-June.Following the successful 19b-4 filings for spot Ether ETFs, which allow them to be listed on exchanges, the next step is to obtain approved S-1 registration statements before trading can commence.Bloomberg ETF analyst James Seyffart predicts that the S-1 approvals could be granted in a “couple of weeks,” although he acknowledges that the process may take longer, typically spanning up to five months.However, fellow Bloomberg ETF analyst Eric Balchunas believes that a mid-June launch is certainly possible.Balchunas…