Ethereum

Spot

The US SEC has been a thorn in the side of crypto, bringing over 200 lawsuits in the last couple of years. Companies have been requesting an Ethereum ETF for over a decade. So the recent approval of the US Spot Ethereum ETFs came as a pleasant surprise to the crypto community and a small boost to ETH’s price..
Meanwhile, DOGE whales are excited about the future effects of the Ethereum ETFs on ETH prices and other ERC-20 tokens. And so they are buying up low market cap altcoins such as <a href="https://dtxexchange.com?utm_source=cryptotimes&amp;utm_medium=Lou&amp;utm_campaign=00" target="_blank" rel="noopener noreferrer nofollow">DTX Exchange</a>.
<h2 class="wp-block-heading" id="a-a-ethereum-etfs-prove-eth-isn-t-a-security-after-all"><a></a>Ethereum ETFs prove ETH isn’t a security after all</h2>
Gary Gensler, chair of the SEC, has flip-flopped many times about which cryptos are and aren’t a security. Although there are some specific criteria known as the Howey test for what makes things a commodity – such as bonds and shares – the US government’s stance has been more clouded.
The SEC claimed that even though Ethereum passed the Howey test, it was still a security. The CFTC on the other hand claimed that Ethereum was not a security.
Why does it matter? Laws and regulations surrounding the sale and trading of securities are much more strict.
The latest info is not only is Ethereum not a security, but also that the Ethereum Spot ETFs could be approved as soon as July 4th. Gensler is quoted as saying the process is ‘going smoothly’.
With asset managers such as Blackrock and Franklin Templeton waiting for approval for their Ethereum Spot ETFs, this could be a very bullish signal for ETH’s price.
Ethereum may follow a similar trajectory as Bitcoin where the bullish news is not yet factored into the ETH price, and could go on a massive rally as retail and institutional money flows in via the Ethereum ETFs.
Given the bearish news and large government sales of seized Bitcoin over the last few days, Ethereum’s Spot ETFs could hit the market at the perfect moment for the growth of ETH’s price.
<h2 class="wp-block-heading" id="a-a-elon-musk-continues-his-support-for-dogecoin-doge"><a></a>Elon Musk continues his support for Dogecoin (DOGE)</h2>
Dogecoin (DOGE) is one of the oldest cryptos, and it is older than Ethereum. Though people often criticize the memecoin for having no utility, the Dogecoin team has always maintained that DOGE does have utility. Why? Because it is money, and money has utility.
They have been proven right by Elon Musk, a long-time fan of Dogecoin (DOGE). In May this year, Dogecoin (DOGE) was approved as the only crypto to be accepted as payment for Tesla. And now it transpires that Musk’s The Boring Company also accepts Dogecoin (DOGE).
Rumors have it that X (formally known as Twitter) will integrate DOGE into the social media platform later this year.
According to onchain data by IntoTheBlock, whales are still bullish about Dogecoin (DOGE). They used the recent dip in the Dogecoin (DOGE) price to $0.115 to accumulate $1 billion of the memecoin, causing the price to rebound to $0.128, before a small correction to its current price of $0.1225.
Dogecoin (DOGE), started as a joke coin and Litecoin fork. But later rose in popularity due to being used as a tipping bot on Reddit, and because of endorsements by Elon Musk.
X’s exact monthly active users are unknown due to wildly differing estimates from Musk and his CEO <a href="https://www.socialmediatoday.com/news/x-formerly-twitter-shares-insights-platform-usage-engagement/710641/" target="_blank" rel="noopener noreferrer nofollow">versus independent researchers</a>. Either way, combining millions of social media users with Elon Musk’s clout seems like a big win for Dogecoin (DOGE).
However, according to technical analyst Crypto Kaleo, (who is bullish about Dogecoin (DOGE) and predicts the memecoin could go as high as $1-2 in this bull run), they also predict a prior retracement to $0.08. This gives whales time to take profits and invest elsewhere, as they wait for a further drop.
Those in the know are looking to DTX Exchange.
<h2 class="wp-block-heading" id="a-a-whales-target-dtx-exchange-with-hopes-of-a-2100x"><a></a>Whales target DTX Exchange with hopes of a 2100x</h2>
The recent price appreciation of Dogecoin (DOGE) means many whales who took profit are looking for new places to put their crypto.
One name keeps popping up from the Dogecoin (DOGE) whales in Telegram – <a href="https://dtxexchange.com?utm_source=cryptotimes&amp;utm_medium=Lou&amp;utm_campaign=00" target="_blank" rel="noopener noreferrer nofollow">DTX Exchange</a>.
DTX is a brand new ERC-20 crypto still in presale, with huge potential upside. Just like Ethereum and Dogecoin (DOGE) brought new things to the crypto industry, so too does DTX Exchange.
The new exchange features the best of a centralized exchange (CEX) such as Coinbase or Kraken, with the financial capabilities of a traditional brokerage account. And adds the web3 privacy, security, and freedom of a decentralized exchange (DEX).
DTX Exchange has already raised over three-quarters of a million dollars, as the token has appreciated by 200% in the past weeks. DTX is currently worth $0.04 and, according to the website, is expected to launch at $0.12.
Given the hybrid functionality of DTX and the total supply of 350 million tokens, (giving it a market cap of $42 million at $0.12) the price could rise substantially.
If Ethereum’s market cap reached Bitcoin’s, the ETH price would be around $11,350.
Similarly, if DTX’s market cap eventually rises to Binance’s BNB coin, the DTX price would be $252 – 2100x from launch. That’s generational wealth right there.
<a href="https://dtxexchange.com?utm_source=cryptotimes&amp;utm_medium=Lou&amp;utm_campaign=00" target="_blank" rel="noopener noreferrer nofollow">Visit presale</a>

US SEC Signals Smooth Process for Ethereum ETF Approval, DOGE Whales are Buying This Altcoin For Generational Gains

Table of Contents

The Crypto Times

Outros artigos publicados em 28 de jun. de 2024

Enjoy Early Rewards Now with Qubetics Whitelist While Ethereum and Cardano Grapple with Major Hur...

Exploring the Future of Digital Asset Management with Bitsofa

What is Virtual Space App?

MegaETH Raises $20M In Seed Funding Round Backed By Buterin

The Top 5 Bullish Altcoins For 2024: Rollblock, Solana, Toncoin, AVAX, Bitcoin

Bitcoin and Altcoins Show Mixed Performance

Join our free newsletter for daily crypto updates!