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Crypto News Digest by U.Today
Valeria Blokhina
Read U.Today’s crypto news digest to make sure you don’t miss any of the latest industry events!
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“$1 Million Bitcoin” Backer Samson Mow Reveals Last Chance to Sell ETH
As the deadline for the SEC’s decision on Ethereum ETF approval approaches, Samson Mow, CEO of Jan3 and prominent Bitcoin maximalist, brought to X to pour cold water on Ethereum-based ETFs. At Mow’s opinion, the regulatory agency’s potential approval of Ethereum funds is not bullish, as Bitcoin-based ETFs will “tremendously perform.” To prove himself right, Mow recommended comparing the demand for both BTC and ETH on other markets, also taking into account the fact that Ethereum will not give rewards for staking. “This is the last chance to sell ETH above 0.05 BTC,” the CEO wrote at the conclusion of his X post. In the meantime, earlier this weekVenture capitalist Anthony Pompliano called the SEC’s potential approval of Ethereum ETFs “the last dam to break” before the US approves the entire cryptocurrency industry.
Perpetual futures for Shiba Inu (SHIB) and other meme coins added by Coinbase
According to the official Advertisement as of May 23, Coinbase International Exchange will add support for Shiba Inu perpetual futures on Coinbase International Exchange and Coinbase Advanced. In addition to SHIB, two other meme coins, BONK and FLOKI, will also have their perpetual futures listed, much to the delight of the asset communities. As stated in the announcement, the 1000BONK-PERP, 1000FLOKI-PERP and 1000SHIB-PERP markets are expected to begin opening from 9:30 UTC on May 30, 2024. Other perpetual futures offered by the exchange include assets such as Cardano (ADA) , Avalanche (AVAX), Dogecoin (DOGE), Bitcoin Cash (BCH), Pepe (PEPE) and so on. Recall that Coinbase’s offshore derivatives exchange opened last May. In September, Coinbase won regulatory approval to offer its futures to users outside the United States
Brian Kelly predicts Solana could be the next cryptocurrency ETF
During his recent I wait on CNBC, Brian Kelly, founder and CEO of BKCM LLC, shared his opinion regarding the approval of Ethereum ETFs. While Kelly doesn’t know when exactly the Ethereum ETF will get the green light from the SEC, he is confident that it will happen sooner or later. When asked which cryptocurrency might be next to get its own ETF, Kelly responded: “You have to think of Solana as probably next. Bitcoin, Ethereum and Solana are probably the big three for this cycle.” However, the Solana ETF approval process may be complicated by the legal status of the SOL token in the United States; recall that last year the SEC named SOL a stock in its lawsuits against Coinbase and Binance. The Solana Foundation has strongly rejected this claim, stating that blockchain is decentralized. Additionally, Solana does not have its own futures-based ETF in the United States
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrency is the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.