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Bloomberg ETF analysts view the possibility of the U.S. government approving spot ether ETFs as improving to 75% based on the possibility of shifting political winds.
Ether price volatility is expected to increase in the lead-up to this week’s spot ETF decision deadlines, with VanEck’s on Thursday and Ark Invest/21Shares’ on Friday.
Controversial digital asset firm Prometheum has soft-launched ether custody services with a small group of companies.Prometheum plans to fully launch custody services by the first week of June.
Grayscale CEO Michael Sonnenshein is stepping down as CEO to “pursue other interests,” the firm said.Though the exact reasons for his departure remain unclear, the firm’s spot bitcoin ETF GBTC has seen swathes of investors exit despite inflows increasing.Former Goldman Sachs exec Peter Mintzberg will join as Grayscale’s CEO on Aug. 15, 2024.
Bitcoin’s three-month annualized basis increased above 10% over the weekend, showing the market is building positive sentiment, analysts say.
- 16:06Galaxy Digital Head of Research: Industry's Lack of Successful Use Cases and Concerns About the Economy Are Keeping Memecoin AliveOn October 27, Alex Thorn, head of research at Galaxy Digital, pointed to a post at X saying that Memecoin exists at the confluence of concerns about the lack of successful crypto use cases and the despair of young people over the bleak economic outlook
- 16:05Sovereign Rollup Project DeFund to Airdrop to Celestia Pledge UsersOn October 28th, the Sovereign Rollup project DeFund announced that it would be airdropping native token D to Celestia pledge users, and that users providing liquidity to specific TIA liquidity pools on Osmosis would also be included in the airdrop.
- 15:55Castle Island Ventures Co-Founder: if Trump wins or negatively impacts Memecoin marketOn October 27, Castle Island Ventures co-founder Nic Carter posted on the X platform that Memecoin is largely a reaction to oppressive SEC regulation; if the SEC regulates rationally, there will be less demand for the market to trade Memecoin.Nic Carter also said that if Trump wins, it could have a negative impact on the Memecoin market.
