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Amid the buzzing excitement following the approval of Bitcoin and Ethereum Spot Exchange-Traded Funds (ETFs) in Hong Kong, Bloomberg Intelligence analyst Eric Balchunas has made a post highlighting the explosive growth of the products in the United States.
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Steven Nerayoff, a former advisor to Ethereum, has initiated a lawsuit against Michael Hlady, also known as Michael Peters, and Marianna Shooshani in the Supreme Court of New York, Nassau County in his quest for justice.
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Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market.
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Landesbank Baden-Württemberg (LBBW), the largest federal bank in Germany with total assets of €333 billion, has announced a strategic partnership with Bitpanda Technology Solutions, a leading European crypto platform.
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Digital asset investment products experienced a notable setback, with outflows reaching $126 million last week, according to CoinShares’ latest weekly report.
Bitcoin’s outflow accounted for a significant portion, representing 87% of the total net flow for the week.
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On Monday, the Hong Kong Securities and Futures Commission (SFC) announced that it had approved a number of Spot Bitcoin and Ethereum ETFs for trading. This decision has been a long time in the making and has been expected by all in the crypto community.
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Amidst the volatile landscape of cryptocurrency markets, Australian attorney Bill Morgan has voiced concerns about the action of XRP against notable crypto assets like BTC, noting an extreme decline in performance over time.
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The Ethereum (ETH) community has continued to eagerly await news on approving a spot Ethereum Exchange-Traded Fund (ETF) slated to occur by May.
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Ethereum developers are currently deliberating the Pectra upgrade, which is poised to enhance various facets of the blockchain’s functionality.
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Hong Kong is on the cusp of approving its first spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) with potential final approvals as early as Monday, according to Bloomberg, citing two people familiar with the matter.
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