SEC Indicates to Exchanges a Likely Approval for Spot Ethereum ETFs, Listings Expected This Week: Sources๐๐
The U.S. Securities and Exchange Commission (SEC) is reportedly leaning towards approving exchanges for listing Ethereum spot ETFs (Exchange-Traded Funds).
According to sources familiar with the matter and a report by Barronโs, the regulatory body made comments that suggest the approval process is moving forward and could be finalized as early as this week.
According to a May 21 Reuters report, SEC officials contacted Nasdaq, the Chicago Board Options Exchange (CBOE), and the New York Stock Exchange (NYSE) to request updates and changes to existing spot Ether ETF applications ahead of a regulatory deadline.
The commission must decide by May 23 whether to approve or deny VanEckโs spot Ether ETF after having delayed the process for 240 days.
Letโs take a look at $NEAR & $ALGO (just an example) ๐๐
$NEAR is obviously a very strong coin thatโs currently trading above the 0.0.618 Fib๐ถ $ALGO is a weak one because it hasnโt broken above the 0.382 Fib (currently trading even below the 0.236)
If youโre holding some โweakโ coins, donโt rush to sell them to buy strong coins like $NEAR at the current price. However, holding weak coins might be depressing for quite some time until they start catching up ๐
The highest I can see $ALGO go is 0.786 Fib ($1.40) - 660% profit from here The highest I can see $NEAR go is ($44) - 450% profit from current price. ๐
As we can see $ALGO can bring you more profit even though itโs a weak coin and $NEAR is a strong one.
โ ๏ธ This is not a call to go sell $NEAR and buy $ALGO .
I keep holding my $NEAR bag and not planning to sell it anytime soon. I think $NEAR will be a much better hold at least from the psychological perspective and maybe it tops out first.
๐Whales and exchanges are actively moving their SHIB holdings, sparking a surge in market activity.๐
๐Significant transactions indicate substantial movement within the Shiba Inu ecosystem.๐
๐On-chain data reveals a notable increase in large transactions, potentially influencing SHIBโs price.๐
There has been a notable surge in Shiba Inu (SHIB) market activity, driven primarily by the movement of SHIB holdings among whales and exchanges. This uptick coincides with a marked increase in on-chain data, indicating substantial shifts within the Shiba Inu ecosystem.
One standoutย transactionย involved the transfer of 45.01 billion SHIB, valued at approximately $1.13 million, from one Robinhood hot wallet to another. Additionally, Symbolic Capital Partners MEV Bot executed multiple transactions, each involving around 50 billion SHIB, with transaction values ranging between $1.23m and $1.26 million.ย
Uniswap also observed significant volume, with transactions recorded at 50.8 billion SHIB ($1.26 million) and 50.4 billion SHIB ($1.23 million). The surge in activity is highlighted by on-chain data, revealing 86 large transactions totaling around 1.14 trillion SHIB within the last 24 hours. This marks a substantial increase from the recent low of 14 transactions to the high of 378 transactions recorded over the past seven days.ย
the volume of these large transactions reached 1.14 trillion SHIB in the past day, compared to the seven-day high of 9.6 trillion SHIB and the low of 415.2 billion SHIB.
This flurry of activity may have implications for the price of SHIB. Despite the marketโs relative stability, with SHIBโs price hovering around the $0.00002450 mark and resistance at $0.000025, the recent uptick in whale transactions and large transfer volumes suggest a potential breakout or significant price movement.
Long term ๐ฏtargets 0.00005,$ 0.00008,$ 0.00012$
Alchemy Pay claims that its payment solution can seamlessly connect cryptocurrency and fiat payments, the actual market demand and adoption rate have not reached the expected level. โก๏ธ
ACH Alchemy Pay (ACH) tokens have performed poorly recently, and the market is pessimistic about their future performance. โก๏ธ
ACH tokens face fierce competition, Other payment solutions such as PayPal and Square have been in the cryptocurrency payment field for many years, with a wider user base and stronger brand recognition.โก๏ธ
Many merchants and consumers are still on the sidelines about cryptocurrency payments, which limits the use cases of ACH.โก๏ธ
In addition, the rapid development of blockchain technology has brought a large number of emerging competitors, further squeezing ACH's market. โก๏ธ
The recent market turmoil has led to a decline in investor confidence and a significant reduction in the value of many crypto assets. โก๏ธ
As an emerging token, ACH is severely affected by market sentiment, and its price trend in the short term is not optimistic.โฌ๏ธ
Only invest money you can afford to lose. Given the high-risk nature of cryptocurrencies, ensure that your investment in BitTorrent is a small portion of your diversified portfolio.โ ๏ธ
Cryptocurrency investments can be highly volatile. Set realistic and achievable goals for your investment returns.๐ฅณ
Understand the fundamentals of BitTorrent, its use case, market potential, and the technology behind it. Look into the team, partnerships, and community support.๐
Keep up with news related to BitTorrent, including technological updates, regulatory changes, and market trends. Join forums and follow trusted sources for the latest information.๐ฅธ
Prepare for market volatility and avoid panic selling during downturns. Focus on the long-term potential rather than short-term price movements.๐ง
Ensure your investment is secure by using reputable exchanges, enabling two-factor authentication, and considering cold storage solutions for larger holdings.๐คช
You can better manage your expectations and risks, leading to greater satisfaction with the long-term results of your investment in BitTorrent.๐คจ
Periodically review your investment to ensure it aligns with your long-term goals. Be ready to adjust your strategy if there are significant changes in the project's fundamentals or the broader market.๐ค
be satisfied with the results when investing in #BitTorrent ($BTTC ) for the long term.๐ค