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Daily #Web3 Market

28 May 2024

JP Morgan believes Solana and other crypto ETFs are unlikely to secure regulatory approval

JP Morgan's managing director Nikolaos Panigirtzoglou stated that ETFs for Solana and other assets are unlikely to succeed. He argued that the SEC's approval of spot Ethereum ETFs is already stretched, casting doubt on other assets. Read more


ETF approvals will boost Ethereum’s long-term growth despite short-term headwinds – Kaiko Research

Kaiko Research highlighted that spot Ethereum ETF approvals are a positive sign for Ethereum's long-term growth, despite potential short-term challenges. The approvals have reduced regulatory uncertainty around Ethereum’s classification as an asset class. Read more


Global Bitcoin ETFs surpass 1 million BTC under management

All Bitcoin exchange-traded funds (ETFs) collectively hold over one million Bitcoin. US-based ETFs, including Grayscale GBTC and BlackRock IBIT, lead the pack. Read more


Retail activity dominates Bitcoin, overshadowing institutional moves

Analysis indicates that retail investors have been more active in the Bitcoin market compared to large entities, suggesting strong grassroots support for Bitcoin's price movements. Read more


Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans, Sparking BTC Price Plunge 

Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure. Read more 


Uniswap Foundation Shares Balance Sheet as Fee Vote Nears

The Uniswap Foundation's balance sheet shows $41.41 million in fiat and stablecoins and 730,000 UNI tokens. Read more 


Ethereum Meme Coins PEPE, MOG Hit Lifetime Highs on Ether ETF Filing Approvals 

Ether surged more than bitcoin over the weekend on renewed optimism for the second-largest cryptocurrency. Read more 


Bitcoin exchange-traded products now hold over 1 million BTC

The collective total held by all Bitcoin ETFs globally is now more than 1 million coins, currently worth almost $68 billion. Read more


Grayscale’s Ethereum ETF could bleed $110M daily in the first month: Kaiko

If Grayscale’s slated spot Ether ETF follows the same path as its Bitcoin one, there could be some short-term pressure on the price of ETH. Read more

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