Bitcoin

Ethereum

Lido DAO

Ethereum Name Service

<h4>Last week marked a significant win for Ethereum and the broader crypto industry, as the SEC concluded its investigation into Ethereum 2.0, determining it is not a security.</h4><h4>Ethereum Trumps The SEC</h4><p>In March 2024, the Ethereum Foundation revealed that it was under investigation by an unnamed “State Authority.” Shortly after, Fortune reported that the SEC was aggressively pursuing a case to classify Ethereum as a security. This week, the US Securities and Exchange Commission concluded its investigation into Ethereum 2.0, deciding not to take legal action to classify ETH sales as securities transactions.</p><h4>Implications for the Crypto Market</h4><p>The debate over whether Ethereum should be classified as a security or a commodity has been ongoing, especially since staking became available to the public. While Bitcoin is clearly not considered a security, a different classification for Ethereum could have led to stricter regulations and challenges for ETH and other Proof of Stake projects. The SEC’s decision to drop the case is a major positive development for the crypto market, ensuring Ethereum will not be classified as a commodity like Bitcoin.</p><h4>Current Market Conditions</h4><p>Despite positive sentiment and metrics, the overall market has seen a slight downturn over the past seven days. Bitcoin has dropped around 5.2%, currently trading at $62,697, while Ethereum ($3,378.79) has declined by 4.9% over the same period. However, projects closely linked to Ethereum, such as Lido DAO (LDO) and Ethereum Name Service (ENS), experienced substantial gains, with LDO registering nearly a 13% increase and ENS a 12% increase over the past 14 days.</p><h4>Emerging Opportunities</h4><p>Both bear and bull markets present opportunities. In the short term, these can arise from quick market pumps as well as dips. Proper timing and understanding optimal entry points are crucial during these periods. In the last weekend, there have been notable pumps from tokens like $AMP and $ATH, offering quick buying opportunities for those who stay informed.</p><p>source: <a href="https://coinfactiva.com/coinfactiva-review-ethereum-emerges-victorious-as-sec-drops-investigation/" rel="noopener noreferrer nofollow">https://coinfactiva.com/coinfactiva-review-ethereum-emerges-victorious-as-sec-drops-investigation/</a></p>

CoinFactiva Review: Ethereum Emerges Victorious as SEC Drops Investigation

coinfactiva.com

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