2024-05-24

Author

Fernando Fierro
May 24, 2024

Howdy folks,

🌟🚀 The SEC has taken a huge step by approving all spot Ether ETFs from Nasdaq, CBOE, and NYSE, marking a surprising pivot. This decision follows an update to the 19b-4 forms, receiving high feedback and clearing the path for S-1 registration statements.

While Ether spot ETFs won't start trading immediately, lawmakers are urging consistent principles for future crypto-related ETF applications.

In other news:

💹📈 As the SEC prepares to announce its decision on VanEck’s Ethereum Spot ETF, Solana (SOL) has surged to $180 amid optimism for its own ETF approval.

Despite facing unique challenges, Solana remains a strong contender in the ETF race, driven by Bloomberg analysts’ increased confidence in the SEC's evolving legal framework.

🐾💔 The crypto community mourns the loss of Kabosu, the Japanese dog behind the “doge” meme and Dogecoin’s iconic logo. Kabosu’s owner shared a heartfelt farewell, reflecting on her influence in inspiring other dog-themed tokens like Shiba Inu (SHIB) and FLOKI. Kabosu passed away at 18, leaving a lasting legacy in the crypto world.

📉📊 The Fed’s 2023 report highlights a decline in crypto usage among Americans, with only 7% of adults holding or using cryptocurrencies, down from previous years. Despite a recovery in crypto prices in late 2023, usage did not increase, showing a complex relationship between market sentiment and digital asset adoption.

Contrasting reports suggest varying trends in ownership and sentiment, pointing to the challenges of accurately gauging crypto adoption.

DailyCoin Daily Meme

Polygon CEO Doubles Down on Memecoin Support, Blasts Critics

Polygon Labs CEO Marc Boiron has come under fire for supporting a memecoin inspired by his pet as rug allegations trail Polygon insiders. Read more on DailyCoin.

Will Ripple vs. SEC Finally Get Clarity with This New Bill?

New crypto bill, the FIT 21 Act, could impact Ripple vs. SEC lawsuit. Will the SEC win and set a precedent for crypto regulation? Find out on DailyCoin!

Is ETH ETF Victory a Sign of Government Intervention?

The SEC approves Ethereum ETFs after significant delays and legal challenges, facing pressure from legislators to act consistently. Read more on DailyCoin.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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