Bitcoin Farmer 2018(@Bitcoin_Farmer_2018)'s insights

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Ethereum ETF Launch Next Month Becomes ‘Certainly Possible’ with S-1 Submissions. Excitement builds in the crypto space as the newly approved spot Ether (ETH) exchange-traded funds (ETFs) are possibly launching as early as mid-June. However, this development is still dependent on the promptness with which the approved clients amend their S-1 registration statements and the following feedback rounds they’ll receive from the Securities and Exchange Commission (SEC). Bloomberg ETF analyst James Seyffart suggests that the approvals of S-1 might be seen within a few weeks, but he also acknowledges that the process is supposed to take up to months. However, fellow analyst Eric Bachunas continues to be optimistic, expecting a mid-June launch. He states that the SEC’s feedback process required around two weeks to spot Bitcoin ETFs. #Ethereum #ETF #Ether

SEC Eth ETF Discussions Underway, S-1 Approval Expected in Hours The U.S. Securities and Exchange Commission (SEC) began discussions with potential issuers of Eth (ETFs) on May 22, leading some to anticipate an imminent approval. Journalist Eleanor Terrett noted that discussions between SEC staff and Ether ETF issuers about the S-1 forms concluded with the understanding that there was still “work to do.” Source: Eleanor Terrett S-1 forms are registration statements that companies have to file with the SEC, including detailed information about the company and the securities they intend to offer/issue. Whereas 19b-4 forms are regulatory filings issued to the SEC for approval, used by self-regulatory organizations (SROs) like stock exch or trading platforms to propose new rules or change existing ones. In a subsequent post, Terrett deferred to “the ETF experts” in a separate post. Assuming that the SEC approves the 19b-4 forms on May 23, Terrett speculated that the SEC might work with Eth ETF issuers “on S-1’s over the next few weeks/months.” Eric Balchunas, a Senior ETF Analyst at Bloomberg, expects the SEC to issue an announcement on May 23, around the same time they did for the spot Bitcoin ETF. “My best guess is we hear from the SEC around 4pm tomorrow. For spot btc they dropped it at 3:45pm, some others in past were slightly after 4pm. Anything poss tho.” Related: Ethereum ETF decision due in hours as BTC price gets $80K May target This development follows the approval of the FIT21 crypto bill in the U.S. House of Representatives, which passed on May 22 with 208 Republicans and 71 Democrats in favor to 136 against. Consensys CEO Joseph Lubin recently weighed in on the discussion in anticipation of the potential looming Eth ETF approvals. Speaking exclusively to Cointelegraph at DappCon in Berlin, Lubin stated that Eth ETFs in the U.S. were “as good as done.” According to Lubin, the 19b-4 applications filed by high-profile firms like BlackRock would be approved, but the process behind the S-1s “could drag on for a while.”

Gala Games Announces Destruction of Nearly 1 Billion GALA Tokens. 🔈 $GALA Gala Games has announced the destruction of nearly 1 billion GALA tokens. 📶 The news comes after a governance proposal initiated by the Gala community regarding temporary GALA token contract upgrades and token destruction. 🌈 This proposal was made in response to a recent security incident that led to the unauthorized minting and sale of approximately 600 million GALA tokens, as well as the permanent locking of approximately 44 billion tokens. 🐋⬆️ The goal of this proposal is to officially destroy approximately 44 billion of these GALA tokens, along with approximately 600 million GALA tokens from the GALA treasury, to ensure the stability and sustainability of the ecosystem. ⬆️🐋 This move by Gala Games is seen as an important step to maintain the integrity of the GALA token ecosystem following the security breach.🌈😃 #GALA #GalaGames @Bitcoin Farmer 2018

BTC still on the consolidation and formed a new hourly support area. 🌈 Price also made a triangle pattern, which could give a breakout either side.🌈 Both sides look good enough to go, so eyes on it. 🌈 #bitcoin #Binance @Bitcoin Farmer 2018

Binance announced the launch of the second project on its token issuance platform, Binance Megadrop.🌈 The Lista Protocol (LISTA) is a liquid staking and decentralized stablecoin.🌈 Users who subscribe to locked BNB products or complete tasks in the Binance Web3 wallet can get early access to rewards from Lista.🌈 The total supply of LISTA tokens is 1 billion, of which 230 million are in circulation. 📶 Megadrop incentives amount to 100 million tokens, which is 10% of the total supply. 📶 Binance plans to add LISTA to its exchange after the completion of the Megadrop.📶 To participate, users can use their active Binance Web3 wallet to subscribe to locked BNB products on Binance Simple Earn or complete Web3 Quests to earn points. 🔈 Lista DAO operates as an open liquidity protocol, allowing users to earn from collateral cryptocurrencies. 🔈 The LISTA token is used to govern and incentivize participation in the Lista DAO ecosystem.🔈 follow me for more information. 🌊🤠 #LISTA #megadrop #Binance

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