Ethereum

DAO Maker

when

Foundation

<p><em><strong>Ethereum Foundation is part of a large ecosystem of organizations, individuals, and companies that support Ethereum (ETH). ETH is the second most prominent cryptocurrency after Bitcoin(BTC).&nbsp;&nbsp;</strong></em></p>
<p>As per GitHub’s website, the Ethereum Foundation is facing questions from a “state authority,” but the name of the authority is not yet public.&nbsp;</p>
<p>The inquiry emerged when several companies competed to offer the yet-to-approve Ether spot ETF. Analysts claim that ETH, the native of the Ethereum ecosystem, might slip if the authorities found any wrongdoing.&nbsp;</p>
<p>After the approval of the much-awaited <a href="https://www.thecoinrepublic.com/2024/02/05/giant-lpl-financial-holdings-analyzing-bitcoin-spot-etf-report/" rel="noopener noreferrer nofollow">Bitcoin spot ETF</a>, the pace of approval slowed, and there are speculations that the SEC might grant the green signal to the ETH spot ETF.&nbsp;</p>
<p>In a media report, Fortune notes that the SEC is seeking to classify ETH as a security, a move that would have significant implications for Ethereum, an ETH ETF, and crypto as a whole.&nbsp;&nbsp;&nbsp;</p>
<p>However, most crypto-based companies have received notices, summons, and even rigorous lawsuits from the SEC. The available report notes, “We have received a voluntary inquiry from a state authority that included a requirement for confidentiality.”&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-ethereum-price-update-strong"><strong>Ethereum Price Update&nbsp;</strong></h2>
<p>Regarding market capitalization, Ethereum is the second most prominent cryptocurrency after Bitcoin, the market leader. In the past 24 hours, ETH price surged over 7%, trading at $3,530 when writing.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="302" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Ethereum-Price-Update--1024x302.webp" alt="Ethereum" class="wp-image-197825" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Ethereum-Price-Update--1024x302.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Ethereum-Price-Update--300x88.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Ethereum-Price-Update--768x226.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Ethereum-Price-Update--750x221.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Ethereum-Price-Update--1140x336.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Ethereum-Price-Update-.webp 1343w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap (ETH price chart)
  </figcaption>
 </figure>
</div>
<p>It is crucial to note that the market capitalization of Ethereum grew 7.39% intraday and reached $423,517,949,803. If the SEC officially terms Ethereum as a security, a significant movement in price is expected.&nbsp;</p>
<p>In the past 30 days, ETH’s price has made a crucial trading pattern as it started to trade at $2,929 on February 2, 2024. Since February 2, its price has flourished by 21.08%; in this period, its prices have reached above $4,000.&nbsp;</p>
<p>ETH/USDT is one of the most traded pairs of <a href="https://www.thecoinrepublic.com/2024/03/20/ethereum-price-prediction-can-eth-retain-4000-this-month/" rel="noopener noreferrer nofollow">Ethereum</a>; it is traded largely on Binance, a leading cryptocurrency exchange. Bitcoin, Litecoin, XRP, Dogecoin, DigiByte, Dash, CLV, Nosana, and DAO Maker are the most trending cryptocurrencies of the past 30 days.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-market-price-update-strong"><strong>Market Price Update</strong></h3>
<p>A strong reversal in other cryptocurrency’s market capitalization and price was observed on March 20, 2024. In the past 24 hours, the market cap grew 5.51%, and, when writing, was $2.53 Trillion.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="547" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Market-Price-Update-1024x547.webp" alt="Market Price" class="wp-image-197824" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Market-Price-Update-1024x547.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Market-Price-Update-300x160.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Market-Price-Update-768x411.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Market-Price-Update-1536x821.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Market-Price-Update-750x401.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Market-Price-Update-1140x609.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/Market-Price-Update.webp 1564w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: TradingView( Market capitalization chart)&nbsp;
  </figcaption>
 </figure>
</div>
<p>Bitcoin’s price added roughly 5.30% to its price intraday, reaching $68,199 from $62,082 in a couple of hours. The market cap of BTC flourished by 5.69%, which helped it stay at the top of the market.&nbsp;</p>
<p>Over the past few months, the cryptocurrencies trading below $1 have performed impressively, and memecoins remained in the limelight. In the past 24 hours, Ondo (ONDO) price grew 35.27%, followed by Floki (FLOKI) by 27.79% and Axelar (AXL) by 20.52%.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="530" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/ondo-1024x530.webp" alt="ondo" class="wp-image-197823" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/ondo-1024x530.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/ondo-300x155.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/ondo-768x397.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/ondo-750x388.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/ondo-1140x590.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/ondo.webp 1289w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap (Top 5 most surged token intraday)&nbsp;
  </figcaption>
 </figure>
</div>
<p>The list of intraday losers contains only two cryptocurrencies: Render lost 2.52% of its trading value, and Optimism (OP) 2.16%.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.</p>

Government and the SEC Enquiring Ethereum Foundation; ETH Bullish

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