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In a document filed late on Friday, the SEC said it would take until May 30, 2024, to decide whether to approve Grayscale’s Ethereum futures ETF. Separately, the crypto industry has been focused on a spot ether ETF which gives investors exposure to the cryptocurrency without needing to directly purchase or hold the asset.
Genesis appears to be selling its GBTC shares to buy bitcoin, according to an ETF analyst.Bitcoin’s price fell below $64,000 on March 22.
Bitcoin is struggling to sustain its recovery, signaling that higher levels are attracting sellers in BTC and altcoins.
This would be the first time that Bitcoin price rallied for seven months in a row.
- 03:53ALTERED STATE: Altered State Generative AI Tool Coming SoonOn November 22, ASTO officially announced on the X platform that Altered State will be officially released soon. Altered State is a generative AI tool that can create 3D models of anything the user can imagine. Altered State will use the ASM NFI protocol to improve the intelligence of the generated content.
- 03:45Data: This Friday, $9.163 billion worth of BTC November options will expire and be settled, with the maximum pain point at $77,000Deribit's Asia-Pacific Business Head, Lin Chen, posted on X stating that this Friday (November 29) at 4 PM will see the settlement of BTC November options, with $9.163 billion worth of positions expiring then. The current put/call ratio is 0.81, with the maximum pain point at $77,000 - meaning that an expiry price close to this level would maximize profits for sellers.
- 03:43On-chain transactions are gaining popularity, new scenarios are launched, and SAND has increased by 55%According to data from CryptoQuant, the number of daily transactions in SAND has increased significantly over the past few days. On November 23, 2,940 transactions involving Sand were completed on the chain, the highest number in the past seven days.According to an announcement on the Sand official website on the This week, players will be immersed in this unique Metaverse world that combines luxury and technology. While completing challenges, players can receive up to 399 EP rewards. This update uses Metallica's classic track "Lux Æterna" as the background music, bringing players a rhythmic and immersive experience. It is reported that The Sandbox will continue to launch more novel content in Alpha Season 4 to attract the participation of Metaverse fans around the world.
