The Securities and Exchange Commission (SEC) has the authority to reject spot Ethereum (ETH) ETF proposals, potentially citing correlation issues without directly addressing Ether’s security status. This approach allows the SEC to avoid definitive classification, leading to ongoing uncertainty. Recent statements suggest that the SEC will refrain from labeling Ether unless pressured to do so, […]
FLOKI’s Price Soars Following Massive 190.91B Token Burn
Floki (FLOKI) has seen a significant increase in its market value following a monumental token burn. The Floki DAO successfully executed the burning of 190.91 billion FLOKI tokens, valued at over $47 million, across both the Ethereum and Binance Smart Chain networks. This strategic move has not only reduced the circulating supply of the token […]
CPI, PPI, & Ethereum Dencun Upgrade: What To Expect From Crypto Market This Week?
The crypto market braces for a pivotal week ahead, marked by significant events that could steer investor sentiment and market trajectory. With Bitcoin recently hitting an all-time high, anticipation mounts as key inflation data and various developments unfold. These events, ranging from Federal Reserve announcements to blockchain upgrades, are poised to influence market dynamics in […]