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Crypto News Digest by U.Today
Valeria Blokhina
Don’t miss U.Today’s news digest featuring the most interesting stories from the past weekend!
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U.Today has prepared the three main news stories of last weekend.
Shiba Inu (SHIB) gets support from the British Red Cross
According to a recent item from the Shib Daily news portal, the Shiba Inu meme cryptocurrency gained support by the British Red Cross; From now on, the global humanitarian aid organization accepts SHIB as a donation currency. This became possible thanks to the British Red Cross’s partnership with Giving Block, a platform specializing in cryptocurrency donations for non-profit organizations, which supports the dog-themed token alongside other popular digital assets. Users who choose to donate Shiba Inu to the Red Cross can do so with a fee of between 1% and 3.9% via the Giving Block, depending on the amount. The donated sum is sent to the British Red Cross every week. The recognition of Shiba Inu as a valid form of donation highlights its growing usefulness and acceptance.
Ethereum ETFs could be approved by July 2, top expert reveals
Following a recent suggestion by SEC Chairman Gary Gensler that the regulatory agency can approve S-1 Forms for Ethereum Spot ETFs “This summer,” many experts have shared their predictions on when this major development will take place. Bloomberg senior ETF analyst Eric Balchunas also jumped on the bandwagon; in his last X post, Balchunas suggested that the likely date for approval of the S-1 registration form could be July 2. The analyst noted that SEC staff recently sent issuers minor comments on the forms and requested responses within a week. Therefore, according to Balchunas, there is a good chance that the regulator will make a decision before the Independence Day weekend, making July 2 the most likely date for approval.
Bitcoin Whales Go Crazy, Dumping $4.1 Billion in BTC
According to a recent X post by famous crypto analyst Ali Martinez, in the last 10 days, big whales Bitcoin and miners dumped a surprising amount of BTC. To illustrate this, Martinez attached a graph from the market intelligence platform Santiment to his post. The first group of market participants sold more than 50,000 BTC, worth approximately $3.30 billion. In turn, the second group, BTC miners, sold more than 1,200 BTC, worth almost $80 million. Together, they got rid of over $4 billion worth of Bitcoin. Miners regularly sell BTC to pay operating costs and collect profits from their mining ventures. This often happens when Bitcoin reaches a new local high.
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.