SEC Approves Spot Ether ETFs: A Game Changer for Crypto Investment
The U.S. Securities and Exchange Commission (SEC) recently approved several spot Ether exchange-traded funds (ETFs) from prominent firms like VanEck, BlackRock, Fidelity, and Grayscale. This decision marks a crucial regulatory milestone for Ethereum, paving the way for mainstream crypto adoption. However, ETF issuers must still await the SEC’s final approval before trading can commence. (Cointelegraph)
WisdomTree to Launch Bitcoin and Ether ETPs in the UK
WisdomTree has gained approval from the Financial Conduct Authority (FCA) to list Bitcoin and Ether exchange-traded products (ETPs) on the London Stock Exchange. These 100% physically-backed ETPs will open up new avenues for UK investors, enhancing the adoption of cryptocurrency by institutional investors. (Blockworks)
Meme Coin Trading Volume Surges Amid Market Volatility
Despite recent market fluctuations, meme tokens have seen a significant surge in trading volume, reaching $11 billion weekly. The strong community engagement behind meme coins, along with their speculative appeal, has contributed to impressive year-to-date returns, ranging from 80% to 1,800%. (Crypto Briefing)
MetaMask Plans to Add Bitcoin Support
MetaMask, a leading self-custodial wallet, is set to introduce Bitcoin support, significantly expanding its ecosystem. This development would provide an integrated Bitcoin experience for its 22 million active users, enhancing its position in the competitive digital wallet space. (The Block)
Farcaster Secures $150M for Decentralized Social Media Growth
Farcaster, a decentralized social media platform, has raised $150 million to expand its network and developer tools. The funding will fuel its mission to build a decentralized alternative to traditional social media, capitalizing on its rapidly growing user base and decentralized ethos. (Blockworks)
US House Passes Historic FIT21 Crypto Bill with Bipartisan Support
The U.S. House of Representatives has passed the Financial Innovation and Technology for the 21st Century Act (FIT21), with bipartisan support. This bill aims to regulate digital assets, strengthen consumer protections, and empower the Commodity Futures Trading Commission (CFTC) to oversee non-securities spot markets. (Crypto Briefing)
