SEC Plot? Grayscale Pulls Ethereum ETF Amid $56M Injective Lock, BlockDAG’s Dashboard Upgrade Ignites Crypto Whales’ Frenzy!
The post SEC Plot? Grayscale Pulls Ethereum ETF Amid $56M Injective Lock, BlockDAG’s Dashboard Upgrade Ignites Crypto Whales’ Frenzy! appeared on BitcoinEthereumNews.com.
In the rapidly growing crypto space, BlockDAG stands out with its impressive presale success and innovative features. While Injective shows strong growth and substantial transaction volumes, and Grayscale’s Ethereum ETF withdrawal raises questions about SEC influence, BlockDAG’s strategic marketing and detailed investor insights drive significant interest. Its recent dashboard upgrade and a high-profile appearance in London have attracted global investors, emphasizing BlockDAG’s potential as a compelling investment opportunity compared to its peers. Injective Staking Milestone: Over 56 Million INJ Locked On-Chain The Injective profile on the X platform recently highlighted the growing excitement around Injective, noting a surge in newcomers and integrations. With each passing day, more dApps, exchanges, and projects are adopting the Injective ecosystem, thereby driving the future of finance. This growth signifies a DeFi revolution, as the ecosystem rapidly expands with continuous improvements and top-notch integrations in its inEVM. Notably, Injective has achieved over 56 million INJ staked on-chain, a significant increase of 5 million in just two weeks. Moreover, transaction volumes are also impressive, with Injective reaching 600 million total transactions compared to BTC’s 1 billion. Additionally, Injective has enhanced its burn auction, allowing both dApps and community members to contribute funds, thus promoting inclusivity and community involvement. This deflationary strategy reduces token supply and creates sustainable value. Grayscale Withdraws Ethereum Futures ETF: SEC Influence Suspected Grayscale has withdrawn its 19b-4 filing for an Ethereum futures ETF, causing speculation in the crypto community. Specifically, some believe the SEC influenced this decision. For instance, Bloomberg analyst James Seyffart called the filing a “trojan horse” strategy, aimed at replicating the GBTC Bitcoin ETF approval process. He suggested that a possible SEC meeting with Grayscale executives led to the withdrawal. Furthermore, journalist Eleanor Terrett noted that Grayscale hadn’t completed an S-1 filing for the Ethereum futures ETF and speculated…
Filed under: News - @ May 18, 2024 10:04 am