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InsideBitcoins
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Render Price Prediction As RNDR Plunges 6% And Investors Flock To This New AI Meme Coin For Parab...
The Render price plunged over 6% in the last 24 hours to trade at $10.53 as of 12:25 a.m. EST as investors offload their holdings in the altcoin.
The RNDR price drop was enough to pull its weekly performance into the red zone as well, but it’s still up more than 16% over the past month.
The Render Price Testing Crucial Support
4-hour chart for RNDR/USD (Source: GeckoTerminal)
The Render price plummeted out of a bullish channel that had emerged on its charts over the past 48 hours. This was after the altcoin was rejected by the $11.55 resistance throughout the past day of trading.
Following the rejection, RNDR broke below the $10.90 support and is now testing the next key mark at $10.33. If bears continue to exert pressure on the crypto, the Render price could be at risk of falling to as low as $9.70 in the short term.
However, RNDR maintaining a position above $10.33 for the next 12 hours might invalidate the bearish thesis. In this alternative scenario, traders could identify the Render price’s current level as a buy entry.
With this potential buy volume, RNDR might attempt to reclaim the $10.90 support. A 4-hour candle close above this threshold could then give the altcoin the technical foundation needed to keep climbing. RNDR might rise to $11.55 as a result.
Technicals Warn Of A Continued Render Price Drop
Technical indicators on RNDR’s 4-hour chart suggest the crypto could fall some more in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.
Over the past 12 hours, the MACD line crossed below the MACD Signal line. Traders usually identify this technical occurrence as an indication that a crypto has entered a negative phase. If the MACD line starts to break away below the Signal line, the Render price might lose the $10.33 support level soon.
Meanwhile, the RSI shows that sellers have gained the upper hand against buyers. This is after the RSI’s value dropped substantially throughout the past day of trading.
Given its current value below 50, it seems bears are stronger than bulls. Should they capitalize on this advantage, sellers could pull RNDR down further in the short term.
While the Render price remains at the mercy of sellers, the same can’t be said for WienerAI, which is going ballistic in presale as it closes on $3 million raised.
An Advanced AI Trading Companion
WienerAI (WAI) is unlike many other canine-themed meme coins because it is backed by powerful AI technology. It also offers real world utility by acting as a sophisticated and loyal trading companion for traders.
Backed by cutting-edge AI models, WienerAI can help its users make more informed investment and trading decisions. Users will also be able to interact with the predictive AI models through an easy-to-use user interface.
With the market anticipating a bull run, crypto YouTuber Jacob Bury believes WienerAI could be a 100X speculative opportunity.
WienerAI token holders also can take advantage of seamless swap capabilities offered through Sausage Swaps, and will gain access to MEV protection, ensuring they never get front run by a MEV bot again.
All of these features come with zero fees as well.
Investors Rushing To Buy WAI
Buyers may also be flocking to the meme coin’s ICO for its lucrative staking opportunity.
Anyone who purchases WAI at this early stage will be eligible for a 375% APY. With more than 2.7 million tokens already locked up, it’s fair to say that many have already booked their slot.
🌭🤖2 MILLION WIENERS!!!!🌭🤖
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/gOQKIlihTq
— WienerAI (@WienerDogAI) May 17, 2024
Anyone who wants to exposure to WAI can do so through the project’s official website. Embedded on the home page is a simple buy widget, which can be used to purchase WAI.
Currently selling for $0.000709, WAI can be bought using either ETH, USDT, BNB or bank card. Investors will want to hurry, because the meme coin’s price is set to increase imminently.
Purchase and stake WAI tokens here for a 375% APY.
Related Articles:
99Bitcoins Token ICO Blasts Past $1.5m For Crypto’s First Learn To Earn BRC-20 Token
Pepe (PEPE) Price Rally Continues to New All-Time High – Will Dogeverse (DOGEVERSE) be the Next to Surge?
Upcoming Crypto Presales: Unlock Early Investment Opportunities!
The RNDR price drop was enough to pull its weekly performance into the red zone as well, but it’s still up more than 16% over the past month.
The Render Price Testing Crucial Support
4-hour chart for RNDR/USD (Source: GeckoTerminal)
The Render price plummeted out of a bullish channel that had emerged on its charts over the past 48 hours. This was after the altcoin was rejected by the $11.55 resistance throughout the past day of trading.
Following the rejection, RNDR broke below the $10.90 support and is now testing the next key mark at $10.33. If bears continue to exert pressure on the crypto, the Render price could be at risk of falling to as low as $9.70 in the short term.
However, RNDR maintaining a position above $10.33 for the next 12 hours might invalidate the bearish thesis. In this alternative scenario, traders could identify the Render price’s current level as a buy entry.
With this potential buy volume, RNDR might attempt to reclaim the $10.90 support. A 4-hour candle close above this threshold could then give the altcoin the technical foundation needed to keep climbing. RNDR might rise to $11.55 as a result.
Technicals Warn Of A Continued Render Price Drop
Technical indicators on RNDR’s 4-hour chart suggest the crypto could fall some more in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.
Over the past 12 hours, the MACD line crossed below the MACD Signal line. Traders usually identify this technical occurrence as an indication that a crypto has entered a negative phase. If the MACD line starts to break away below the Signal line, the Render price might lose the $10.33 support level soon.
Meanwhile, the RSI shows that sellers have gained the upper hand against buyers. This is after the RSI’s value dropped substantially throughout the past day of trading.
Given its current value below 50, it seems bears are stronger than bulls. Should they capitalize on this advantage, sellers could pull RNDR down further in the short term.
While the Render price remains at the mercy of sellers, the same can’t be said for WienerAI, which is going ballistic in presale as it closes on $3 million raised.
An Advanced AI Trading Companion
WienerAI (WAI) is unlike many other canine-themed meme coins because it is backed by powerful AI technology. It also offers real world utility by acting as a sophisticated and loyal trading companion for traders.
Backed by cutting-edge AI models, WienerAI can help its users make more informed investment and trading decisions. Users will also be able to interact with the predictive AI models through an easy-to-use user interface.
With the market anticipating a bull run, crypto YouTuber Jacob Bury believes WienerAI could be a 100X speculative opportunity.
WienerAI token holders also can take advantage of seamless swap capabilities offered through Sausage Swaps, and will gain access to MEV protection, ensuring they never get front run by a MEV bot again.
All of these features come with zero fees as well.
Investors Rushing To Buy WAI
Buyers may also be flocking to the meme coin’s ICO for its lucrative staking opportunity.
Anyone who purchases WAI at this early stage will be eligible for a 375% APY. With more than 2.7 million tokens already locked up, it’s fair to say that many have already booked their slot.
🌭🤖2 MILLION WIENERS!!!!🌭🤖
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/gOQKIlihTq
— WienerAI (@WienerDogAI) May 17, 2024
Anyone who wants to exposure to WAI can do so through the project’s official website. Embedded on the home page is a simple buy widget, which can be used to purchase WAI.
Currently selling for $0.000709, WAI can be bought using either ETH, USDT, BNB or bank card. Investors will want to hurry, because the meme coin’s price is set to increase imminently.
Purchase and stake WAI tokens here for a 375% APY.
Related Articles:
99Bitcoins Token ICO Blasts Past $1.5m For Crypto’s First Learn To Earn BRC-20 Token
Pepe (PEPE) Price Rally Continues to New All-Time High – Will Dogeverse (DOGEVERSE) be the Next to Surge?
Upcoming Crypto Presales: Unlock Early Investment Opportunities!
CoinDesk
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Gensler Says 'Stay Tuned' on U.S. SEC's Decision on ETH ETF
WASHINGTON, D.C. — U.S. Securities and Exchange Commission Chair Gary Gensler declined on Thursday to preview his agency's decision on ether {{ETH}} exchange traded funds (ETFs), though he advised observers to "stay tuned."
Though he'd reiterated that the court decision on ETFs had caused his agency to "pivot" in its thinking, when asked by CoinDesk on Thursday about what the agency is preparing to do in response to the specific applications on this much-anticipated crypto decision, he largely demurred.
"I don't have anything on this particular filing," Gensler said outside an Investment Company Institute event in Washington.
"We do it within the law and how the courts interpret the law, and that's what I'm deeply committed to," he said, after having noted on stage at the event that the agency had responded to the D.C. Circuit Court of Appeals decision rejecting the SEC's approach toward spot bitcoin {{BTC}} ETFs earlier this year.
The SEC, after weeks of limited engagement, asked exchanges supporting spot ether ETF applications to refile their 19b-4 forms with universal language earlier this week. Those forms were submitted to the SEC by Tuesday, and the exchanges began publishing them online that night. The SEC also appears to have begun engaging with the would-be issuers themselves, as companies like Fidelity and Grayscale filed updated S-1 forms this week. The SEC has to make a final decision on at least one spot ether ETF application by the end of the day Thursday.
Based on these forms, it appears the SEC is uncomfortable with the idea that ether ETF issuers might stake any assets.
Industry participants previously told CoinDesk that while the SEC's moves this week don't guarantee approval of the ETFs, they make it more likely that the ETFs will be approved.
"[The] DC Circuit took a different view, and we took that into consideration and pivoted," Gensler said on Thursday.
Gensler also reiterated Thursday that his agency would keep working on its opposition to the crypto bill that passed the House of Representatives on Wednesday.
"We'll continue to engage," he said. "It's just a field where the token operators – without prejudging any one of them – aren't making the disclosures that investors really could benefit from and are required by law."
"We've seen leaders in this field find themselves on a pathway to jail or extradition," he added.
And when asked about Congress seeking to reverse his agency's crypto accounting policy, Staff Accounting Bulletin No. 121 (SAB 121), he argued that the agency meant it as guidance at a time when failing crypto firms were having to treat customer assets the same as their own in bankruptcy.
"The crypto that these companies have said they took as custody actually because part of the bankruptcy estate," Gensler said. "That's what we were addressing back in 2022," he added, saying it was "just" an accounting bulletin.
Read more: SEC's Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?
Though he'd reiterated that the court decision on ETFs had caused his agency to "pivot" in its thinking, when asked by CoinDesk on Thursday about what the agency is preparing to do in response to the specific applications on this much-anticipated crypto decision, he largely demurred.
"I don't have anything on this particular filing," Gensler said outside an Investment Company Institute event in Washington.
"We do it within the law and how the courts interpret the law, and that's what I'm deeply committed to," he said, after having noted on stage at the event that the agency had responded to the D.C. Circuit Court of Appeals decision rejecting the SEC's approach toward spot bitcoin {{BTC}} ETFs earlier this year.
The SEC, after weeks of limited engagement, asked exchanges supporting spot ether ETF applications to refile their 19b-4 forms with universal language earlier this week. Those forms were submitted to the SEC by Tuesday, and the exchanges began publishing them online that night. The SEC also appears to have begun engaging with the would-be issuers themselves, as companies like Fidelity and Grayscale filed updated S-1 forms this week. The SEC has to make a final decision on at least one spot ether ETF application by the end of the day Thursday.
Based on these forms, it appears the SEC is uncomfortable with the idea that ether ETF issuers might stake any assets.
Industry participants previously told CoinDesk that while the SEC's moves this week don't guarantee approval of the ETFs, they make it more likely that the ETFs will be approved.
"[The] DC Circuit took a different view, and we took that into consideration and pivoted," Gensler said on Thursday.
Gensler also reiterated Thursday that his agency would keep working on its opposition to the crypto bill that passed the House of Representatives on Wednesday.
"We'll continue to engage," he said. "It's just a field where the token operators – without prejudging any one of them – aren't making the disclosures that investors really could benefit from and are required by law."
"We've seen leaders in this field find themselves on a pathway to jail or extradition," he added.
And when asked about Congress seeking to reverse his agency's crypto accounting policy, Staff Accounting Bulletin No. 121 (SAB 121), he argued that the agency meant it as guidance at a time when failing crypto firms were having to treat customer assets the same as their own in bankruptcy.
"The crypto that these companies have said they took as custody actually because part of the bankruptcy estate," Gensler said. "That's what we were addressing back in 2022," he added, saying it was "just" an accounting bulletin.
Read more: SEC's Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?
CoinChapter
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Is Ripple Facing a Permanent Ban on XRP Sales?
Ripple XRP sales in the U.S. may get banned
YEREVAN (CoinChapter.com) — Ripple is staring at a possible permanent ban on XRP sales to institutional clients in the United States. This looming threat is part of the firm’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
For the unversed: The SEC vs. Ripple lawsuit concerns Ripple raising over $1.3 billion through unregistered XRP sales. A recent ruling, however, presents a nuanced view. For institutional sales, XRP is deemed a security. This means it must adhere to U.S. securities laws for these transactions. Conversely, the court ruled that programmatic sales of XRP to retail investors through exchanges are not securities. This is a partial victory for Ripple and the broader crypto market.
Ripple’s Legal Preparations
Attorney Bill Morgan clarifies Ripple’s preparations. He states that the firm is bracing for the worst-case scenario, which includes a potential permanent injunction on XRP sales to U.S. institutional clients.
Ripple’s Backup Plans – Source: Bill Morgan
Ripple’s strategy involves continuing sales through its foreign subsidiaries. These entities operate under different regulatory regimes, allowing Ripple to maintain its business operations internationally. This approach ensures that Ripple can still offer its services and sell XRP outside the United States.
Impact of the FIT21 Bill on Ripple
The Financial Innovation and Technology for the 21st Century Act (FIT21) has stirred debates among XRP holders. This bill, passed by the U.S. House, seeks to provide clear regulatory guidelines for cryptocurrencies.
However, Bill Morgan clarifies that the legislation is not retrospective. The court has already found that XRP itself is not a security, and the SEC will not challenge this finding. Therefore, the new legislation will not change this status.
Legislation and XRP Status – Source: Bill Morgan
Ripple’s arrangements for a worst-case scenario include selling XRP to overseas customers through subsidiaries. These subsidiaries operate under different licensing regimes, ensuring compliance with local regulations.
Ripple’s Strategic Moves Amid XRP Sales Challenge
Ripple’s approach seeks to manage the potential ban on XRP sales in the U.S. The company plans to continue its international sales through subsidiaries, which helps reduce the impact of the SEC’s legal actions.
While the ongoing legal battle with the SEC presents challenges, Ripple’s preparations and strategies reflect its ability to adapt. By focusing on international markets and complying with various regulatory environments, Ripple intends to maintain its operations and market presence.
The post Is Ripple Facing a Permanent Ban on XRP Sales? appeared first on CoinChapter.
YEREVAN (CoinChapter.com) — Ripple is staring at a possible permanent ban on XRP sales to institutional clients in the United States. This looming threat is part of the firm’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
For the unversed: The SEC vs. Ripple lawsuit concerns Ripple raising over $1.3 billion through unregistered XRP sales. A recent ruling, however, presents a nuanced view. For institutional sales, XRP is deemed a security. This means it must adhere to U.S. securities laws for these transactions. Conversely, the court ruled that programmatic sales of XRP to retail investors through exchanges are not securities. This is a partial victory for Ripple and the broader crypto market.
Ripple’s Legal Preparations
Attorney Bill Morgan clarifies Ripple’s preparations. He states that the firm is bracing for the worst-case scenario, which includes a potential permanent injunction on XRP sales to U.S. institutional clients.
Ripple’s Backup Plans – Source: Bill Morgan
Ripple’s strategy involves continuing sales through its foreign subsidiaries. These entities operate under different regulatory regimes, allowing Ripple to maintain its business operations internationally. This approach ensures that Ripple can still offer its services and sell XRP outside the United States.
Impact of the FIT21 Bill on Ripple
The Financial Innovation and Technology for the 21st Century Act (FIT21) has stirred debates among XRP holders. This bill, passed by the U.S. House, seeks to provide clear regulatory guidelines for cryptocurrencies.
However, Bill Morgan clarifies that the legislation is not retrospective. The court has already found that XRP itself is not a security, and the SEC will not challenge this finding. Therefore, the new legislation will not change this status.
Legislation and XRP Status – Source: Bill Morgan
Ripple’s arrangements for a worst-case scenario include selling XRP to overseas customers through subsidiaries. These subsidiaries operate under different licensing regimes, ensuring compliance with local regulations.
Ripple’s Strategic Moves Amid XRP Sales Challenge
Ripple’s approach seeks to manage the potential ban on XRP sales in the U.S. The company plans to continue its international sales through subsidiaries, which helps reduce the impact of the SEC’s legal actions.
While the ongoing legal battle with the SEC presents challenges, Ripple’s preparations and strategies reflect its ability to adapt. By focusing on international markets and complying with various regulatory environments, Ripple intends to maintain its operations and market presence.
The post Is Ripple Facing a Permanent Ban on XRP Sales? appeared first on CoinChapter.
Cointelegraph
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Ether ETF Approved So Why Aren’t We Rich Yet?
There could be two main reasons why Ether (ETH) has barely moved in price despite the landmark approval of spot Ether exchange-traded funds (ETF) in the United States.
On May 23, the Securities and Exchange Commission approved eight spot Ether ETFs to be listed on their respective exchanges. Ether fell 3.4% just before the news, recovering by around 5% shortly after, and is currently trading at $3,806.
Crypto commentator Zach Rynes argues that the lack of movement reflects the notion that “everyone who wanted to buy the approval already did.”
Ether had already surged 29% over the past week after reports suggested the SEC may have pivoted its stance toward ETF approvals.
Rynes and many others also note that while the ETFs have been approved, they still haven’t been cleared for launch, as that will also require an approved S-1 filing — a comprehensive document including details on the firm’s financials and risk profile, as well as the securities they intend to offer.
VanEck has just sent its amended S-1 filing to the SEC and analysts have been saying could take weeks to months for the re S-1 approvals.
Source: Gabriel Shapir0
Rynes believes the next major price force for Ether will be ETF inflows once they begin trading.
“ETFs haven’t actually launched yet, so net new capital inflow is still to come,” Rynes wrote, with crypto research firm Second Mountain echoing a similar sentiment.
“Expect a massive capital inflow in the first week, potentially reaching billions,” Second Mountain stated in a May 23 X post just before the SEC approved the ETFs.
However, some say it might not immediately lead to an upward trend.
Bitcoin’s price dropped 15% after spot Bitcoin ETFs were approved for trading on Jan. 10. According to CoinMarketCap data, it took 30 days for the price to spike 30% to $51,870.
Related: Ether surges 18% amid new hope for spot Ether ETF approvals
There are also lingering concerns that Grayscale’s announcement of its plans to convert its Grayscale Ethereum Trust (ETHE) into a spot Ether ETF could result in significant outflows — similar to Grayscale Bitcoin Trust (GBTC) after the approval of spot Bitcoin ETFs in January.
“Grayscale also re-filed the ETHE registration they'd withdrawn. Remember GBTC outflows? Now it's $11B+ ETH that’s been trapped for 7 years,” pseudonymous crypto trader Rho Rider warned in a May 23 X post.
Since spot Bitcoin ETFs started trading on Jan. 11, GBTC has shed a total of $17.6 billion in assets, per Farside data.
Relax, Ether is undervalued, say maxis
“ETH is stupidly undervalued,” added independent Ethereum educator Sassal, arguing that the market has had only three days to “price in the ETF approval.”
Ether is up 17.51% over the past 30 days. Source: CoinMarketCap
Meanwhile, Bitcoin (BTC) stumbled slightly by 1.2% to $67,362 following the announcement but has since recovered to $67,706 at the time of writing.
Around the same time, PEPE (PEPE) hit another new all-time high, reaching $0.00001531, a 5% increase within the hour following the approval news.
Magazine: The $2,500 doco about FTX collapse on Amazon Prime… with help from mom
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
On May 23, the Securities and Exchange Commission approved eight spot Ether ETFs to be listed on their respective exchanges. Ether fell 3.4% just before the news, recovering by around 5% shortly after, and is currently trading at $3,806.
Crypto commentator Zach Rynes argues that the lack of movement reflects the notion that “everyone who wanted to buy the approval already did.”
Ether had already surged 29% over the past week after reports suggested the SEC may have pivoted its stance toward ETF approvals.
Rynes and many others also note that while the ETFs have been approved, they still haven’t been cleared for launch, as that will also require an approved S-1 filing — a comprehensive document including details on the firm’s financials and risk profile, as well as the securities they intend to offer.
VanEck has just sent its amended S-1 filing to the SEC and analysts have been saying could take weeks to months for the re S-1 approvals.
Source: Gabriel Shapir0
Rynes believes the next major price force for Ether will be ETF inflows once they begin trading.
“ETFs haven’t actually launched yet, so net new capital inflow is still to come,” Rynes wrote, with crypto research firm Second Mountain echoing a similar sentiment.
“Expect a massive capital inflow in the first week, potentially reaching billions,” Second Mountain stated in a May 23 X post just before the SEC approved the ETFs.
However, some say it might not immediately lead to an upward trend.
Bitcoin’s price dropped 15% after spot Bitcoin ETFs were approved for trading on Jan. 10. According to CoinMarketCap data, it took 30 days for the price to spike 30% to $51,870.
Related: Ether surges 18% amid new hope for spot Ether ETF approvals
There are also lingering concerns that Grayscale’s announcement of its plans to convert its Grayscale Ethereum Trust (ETHE) into a spot Ether ETF could result in significant outflows — similar to Grayscale Bitcoin Trust (GBTC) after the approval of spot Bitcoin ETFs in January.
“Grayscale also re-filed the ETHE registration they'd withdrawn. Remember GBTC outflows? Now it's $11B+ ETH that’s been trapped for 7 years,” pseudonymous crypto trader Rho Rider warned in a May 23 X post.
Since spot Bitcoin ETFs started trading on Jan. 11, GBTC has shed a total of $17.6 billion in assets, per Farside data.
Relax, Ether is undervalued, say maxis
“ETH is stupidly undervalued,” added independent Ethereum educator Sassal, arguing that the market has had only three days to “price in the ETF approval.”
Ether is up 17.51% over the past 30 days. Source: CoinMarketCap
Meanwhile, Bitcoin (BTC) stumbled slightly by 1.2% to $67,362 following the announcement but has since recovered to $67,706 at the time of writing.
Around the same time, PEPE (PEPE) hit another new all-time high, reaching $0.00001531, a 5% increase within the hour following the approval news.
Magazine: The $2,500 doco about FTX collapse on Amazon Prime… with help from mom
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
CryptoNewsLand
--
SEC Approves SPOT ETH ETF, Recognizing ETH As Commodity
SEC approves SPOT ETH ETF, classifying ETH as a commodity.
The approval marks a shift from the SEC’s previous stance.
Bipartisan Congressional efforts push for clear crypto regulation.
In a significant move, the Securities and Exchange Commission (SEC) approved the SPOT ETH ETF today, indicating that Ethereum (ETH) is viewed as a commodity rather than a security. This decision marks a notable shift from the SEC’s previous stance, which consistently classified ETH as a security.
The approval of the SPOT ETH ETF highlights a changing regulatory environment for cryptocurrencies. This move comes on the heels of a recent lawsuit against the SEC, where the classification of ETH was a central issue. The lawsuit argued that the SEC’s position was outdated and did not reflect the current understanding of ETH and its uses.
On today’s SEC ruling: While Consensys welcomes today’s decision to approve ETH Spot ETFs as a step in the right direction, this seemingly last minute approval is yet another example of the SEC’s troublesome ad hoc approach to digital assets. No other industry, market, or…
— Consensys (@Consensys) May 23, 2024
The decision to approve the ETF also reflects the efforts of a bipartisan Congressional push for clearer and more sensible regulation of cryptocurrencies. Lawmakers from both sides of the aisle have been advocating for regulations that provide clarity and foster innovation in the crypto space.
The bipartisan effort underscores a growing recognition of the importance of clear regulatory frameworks that can support the burgeoning cryptocurrency industry. The SEC’s approval of the SPOT ETH ETF is a step towards aligning regulatory perspectives with the evolving landscape of digital assets.
This development is likely to have significant implications for the cryptocurrency market, potentially paving the way for further acceptance and integration of digital assets into mainstream financial systems. As the regulatory environment continues to evolve, stakeholders in the crypto industry will be watching closely to see how these changes unfold and what they mean for the future of digital currencies.
Recommended News :
ETH Accused of Being Both a Commodity and Security
CFTC Chair Clashes With SEC Chair, Says Ethereum Is a Commodity
SEC Ditches ETH, Says Only BTC Is Commodity-Material
Gensler Supports CFTC as Bitcoin, Ethereum Regulator
SEC’s Chair Gary Gensler Opposes FIT21 Bill for Weakening Securities Laws
The post SEC Approves SPOT ETH ETF, Recognizing ETH as Commodity appeared first on Crypto News Land.
The approval marks a shift from the SEC’s previous stance.
Bipartisan Congressional efforts push for clear crypto regulation.
In a significant move, the Securities and Exchange Commission (SEC) approved the SPOT ETH ETF today, indicating that Ethereum (ETH) is viewed as a commodity rather than a security. This decision marks a notable shift from the SEC’s previous stance, which consistently classified ETH as a security.
The approval of the SPOT ETH ETF highlights a changing regulatory environment for cryptocurrencies. This move comes on the heels of a recent lawsuit against the SEC, where the classification of ETH was a central issue. The lawsuit argued that the SEC’s position was outdated and did not reflect the current understanding of ETH and its uses.
On today’s SEC ruling: While Consensys welcomes today’s decision to approve ETH Spot ETFs as a step in the right direction, this seemingly last minute approval is yet another example of the SEC’s troublesome ad hoc approach to digital assets. No other industry, market, or…
— Consensys (@Consensys) May 23, 2024
The decision to approve the ETF also reflects the efforts of a bipartisan Congressional push for clearer and more sensible regulation of cryptocurrencies. Lawmakers from both sides of the aisle have been advocating for regulations that provide clarity and foster innovation in the crypto space.
The bipartisan effort underscores a growing recognition of the importance of clear regulatory frameworks that can support the burgeoning cryptocurrency industry. The SEC’s approval of the SPOT ETH ETF is a step towards aligning regulatory perspectives with the evolving landscape of digital assets.
This development is likely to have significant implications for the cryptocurrency market, potentially paving the way for further acceptance and integration of digital assets into mainstream financial systems. As the regulatory environment continues to evolve, stakeholders in the crypto industry will be watching closely to see how these changes unfold and what they mean for the future of digital currencies.
Recommended News :
ETH Accused of Being Both a Commodity and Security
CFTC Chair Clashes With SEC Chair, Says Ethereum Is a Commodity
SEC Ditches ETH, Says Only BTC Is Commodity-Material
Gensler Supports CFTC as Bitcoin, Ethereum Regulator
SEC’s Chair Gary Gensler Opposes FIT21 Bill for Weakening Securities Laws
The post SEC Approves SPOT ETH ETF, Recognizing ETH as Commodity appeared first on Crypto News Land.
Binance Announcement
--
عدّن BTC و CKB على مُجمّع Binance للحصول على حصّةٍ من المُكافأة الإضافية بقيمة 30,000 CKB!
هذا إعلان عام وقد لا تكون المُنتجات والخدمات المُشار إليها به مُتاحةً في منطقتك.
أعضاء Binance الأعزاء،
يُسر مُجمّع Binance الإعلان عن عرضٍ جديد، يسمح لجميع المُستخدمين الذين يقومون بتعدين CKB أو BTC بالحصول على حصّةٍ من مُكافأة إضافية بقيمة 30,000 CKB!
فترة العرض: 27-05-2024 الساعة 00:00 (UTC) إلى 25-07-2024 الساعة 00:00 (UTC)
كيفية البدء:
أكمِل توثيق الهوية (KYC)عُد إلى البرنامج التعليمي لتعدين CKB والبرنامج التعليمي لتعدين BTCانضم إلى مُجمّع Binance لبدء التعدينتابع مُعدّل التجزئة الحالي على مُجمّع Binance و مكاسب التعدين
نظام توزيع المكافآت:
خلال فترة هذا العرض، سيتم توزيع 30,000 CKB إجمالًا إلى أفضل 100 مُعدّن يقوم بالمُشاركة.
سيتم ترتيب مُعدّني CKB أو BTC المؤهلين حسب مُساهمة مُعدّل التجزئة الصافي الإجمالي، وسيحصل أفضل 100 مُستخدم مؤهل على المُكافآت لكل منهم، حسب الجدول أدناه.
نظام المُكافآت الإجمالية بقيمة 20,000 CKB (مُعدّنو CKB)الترتيب حسب مُعدّل التجزئة الصافي خلال فترة العرضمُكافأة كل مُستخدم مؤهلالمراكز من الأول إلى العاشر800 CKB لكل منهم المراكز من الحادي عشر إلى العشرين600 CKB لكل منهم المراكز من الواحد والعشرين إلى الثلاثين400 CKB لكل منهم المراكز من الواحد والثلاثين إلى الأربعين150 CKB لكل منهم المراكز من 41 - 5050 CKB لكل منهم
نظام المُكافآت الإجمالية بقيمة 10,000 CKB (مُعدّنو BTC)الترتيب حسب مُعدّل التجزئة الصافي خلال فترة العرضمُكافأة كل مُستخدم مؤهلالمراكز من الأول إلى العاشر300 CKB لكل منهم المراكز من الحادي عشر إلى العشرين250 CKB لكل منهم المراكز من الواحد والعشرين إلى الثلاثين200 CKB لكل منهم المراكز من الواحد والثلاثين إلى الأربعين150 CKB لكل منهم المراكز من 41 - 50100 CKB لكل منهم
ابدأ في تعدين CKB على مُجمّع Binance!
الشروط والأحكام::
يجب على المُستخدمين توثيق حساباتهم ليتأهلوا للحصول على أي مُكافآت.سيتم توزيع المُكافآت خلال 7 أيام عمل بعد انتهاء فترة العرض. سيكون المُستخدمون قادرين على تسجيل الدخول وعرض مُكافآتهم في محفظة التمويل.تحتفظ Binance (بينانس) بالحق في استبعاد أي مشاركين يُظهِرون علامات السلوك الاحتيالي أو بشكلٍ لا يتوافق مع الشروط والأحكام المُطبّقة، وفق رأيها المعقول.تحتفظ Binance (بينانس) بالحق في إلغاء أو تعديل العرض أو قواعده وفق تقديرها الخاص.يُمكن الوصول إلى شروط وأحكام العرض الإضافية هنا. قد يوجد تعارض بين النسخة المُترجمة وهذه المقالة الأصلية باللغة الإنجليزية. في هذه الحالة، يُرجى الرجوع إلى النسخة الأصلية لمعرفة معلومات أحدث أو أدق عن الجوانب التي ينشأ عنها أي تعارض.
شكراً لدعمكم!
فريق Binance (بينانس)
2024-05-27
أعضاء Binance الأعزاء،
يُسر مُجمّع Binance الإعلان عن عرضٍ جديد، يسمح لجميع المُستخدمين الذين يقومون بتعدين CKB أو BTC بالحصول على حصّةٍ من مُكافأة إضافية بقيمة 30,000 CKB!
فترة العرض: 27-05-2024 الساعة 00:00 (UTC) إلى 25-07-2024 الساعة 00:00 (UTC)
كيفية البدء:
أكمِل توثيق الهوية (KYC)عُد إلى البرنامج التعليمي لتعدين CKB والبرنامج التعليمي لتعدين BTCانضم إلى مُجمّع Binance لبدء التعدينتابع مُعدّل التجزئة الحالي على مُجمّع Binance و مكاسب التعدين
نظام توزيع المكافآت:
خلال فترة هذا العرض، سيتم توزيع 30,000 CKB إجمالًا إلى أفضل 100 مُعدّن يقوم بالمُشاركة.
سيتم ترتيب مُعدّني CKB أو BTC المؤهلين حسب مُساهمة مُعدّل التجزئة الصافي الإجمالي، وسيحصل أفضل 100 مُستخدم مؤهل على المُكافآت لكل منهم، حسب الجدول أدناه.
نظام المُكافآت الإجمالية بقيمة 20,000 CKB (مُعدّنو CKB)الترتيب حسب مُعدّل التجزئة الصافي خلال فترة العرضمُكافأة كل مُستخدم مؤهلالمراكز من الأول إلى العاشر800 CKB لكل منهم المراكز من الحادي عشر إلى العشرين600 CKB لكل منهم المراكز من الواحد والعشرين إلى الثلاثين400 CKB لكل منهم المراكز من الواحد والثلاثين إلى الأربعين150 CKB لكل منهم المراكز من 41 - 5050 CKB لكل منهم
نظام المُكافآت الإجمالية بقيمة 10,000 CKB (مُعدّنو BTC)الترتيب حسب مُعدّل التجزئة الصافي خلال فترة العرضمُكافأة كل مُستخدم مؤهلالمراكز من الأول إلى العاشر300 CKB لكل منهم المراكز من الحادي عشر إلى العشرين250 CKB لكل منهم المراكز من الواحد والعشرين إلى الثلاثين200 CKB لكل منهم المراكز من الواحد والثلاثين إلى الأربعين150 CKB لكل منهم المراكز من 41 - 50100 CKB لكل منهم
ابدأ في تعدين CKB على مُجمّع Binance!
الشروط والأحكام::
يجب على المُستخدمين توثيق حساباتهم ليتأهلوا للحصول على أي مُكافآت.سيتم توزيع المُكافآت خلال 7 أيام عمل بعد انتهاء فترة العرض. سيكون المُستخدمون قادرين على تسجيل الدخول وعرض مُكافآتهم في محفظة التمويل.تحتفظ Binance (بينانس) بالحق في استبعاد أي مشاركين يُظهِرون علامات السلوك الاحتيالي أو بشكلٍ لا يتوافق مع الشروط والأحكام المُطبّقة، وفق رأيها المعقول.تحتفظ Binance (بينانس) بالحق في إلغاء أو تعديل العرض أو قواعده وفق تقديرها الخاص.يُمكن الوصول إلى شروط وأحكام العرض الإضافية هنا. قد يوجد تعارض بين النسخة المُترجمة وهذه المقالة الأصلية باللغة الإنجليزية. في هذه الحالة، يُرجى الرجوع إلى النسخة الأصلية لمعرفة معلومات أحدث أو أدق عن الجوانب التي ينشأ عنها أي تعارض.
شكراً لدعمكم!
فريق Binance (بينانس)
2024-05-27
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