Ether ETFs are expected to launch in the first week of July, according to analysts.
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Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.
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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.
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ETH has come within $70 of the psychological $4,000 price level during early trading on May 27.
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US ETH ETF approval pressures Korean regulators
Unlike their U.S. counterparts, Korea’s FSC and FSS have been cautious about allowing crypto trading on traditional securities markets.
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Unlike the spot Bitcoin ETF, which was approved via voting by a five-member committee, including SEC chief Gary Gensler, the spot Ether ETF was approved by the Trading and Markets Division of the SEC.
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CNBC Fast Money trader says Solana ETFs ’probably’ next, sparking debate
CNBC contributor and crypto investor Brian Kelly said Solana is one of the “big three” coins, meaning it’s likely to be the next to receive ETF treatment.
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Prometheum launches Ether custody service that treats ETH as a security: Report
The digital assets platform soft-launched its controversial Ethereum custody service on May 17 and is targeting a full launch next month.
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"These things could get more intelligent than us and could decide to take over, and we need to worry now about how we prevent that happening," said Geoffrey Hinton, known as the "Godfather of AI" for his foundational work
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