banking
* Approval of bitcoin ETFs boosts retail interest and attracts new institutions. * Tokenization trend grows, digitizing asset issuance for efficiency and liquidity. * Crypto can transform financial system for more efficiency. * Goldman Sachs deepens involvement in crypto, exploring ETFs and tokenization. * McDermott sees potential for tokenization to broaden investor base and increase
blackrock
* BlackRock filed amended S-1 for proposed Ethereum fund, awaiting SEC approval for trading. * Seed capital investor purchased 400,000 shares at $25 each on May 21, 2024. * Shares to be listed and traded under ticker symbol "ETHA." * SEC in talks with issuers about S-1 forms, launch
bank
* DBS owns 173,753 ETH, valued at $647 million. * The address made over $200 million from ether holdings. * DBS is considered an ETH whale by Nansen. * DBS offers crypto services like custody and trading. * DBS highlights growing interest in crypto market. * Spot ether ETFs in the U.S. expected to
bullish
* Ether's put-call open interest ratio rose to 0.61, signaling a bullish outlook. * The ratio hit its highest level in at least a year, according to Glassnode data. * Wintermute noted a bullish sentiment following spot ETH ETF approvals. * Traders use options to hedge positions and generate additional
business
- Former FTX executive Ryan Salame sentenced to 90 months in prison for unlawful political contributions and money-transmitting. - Salame helped FTX grow illegally, made illegal political donations, and faces $11M in fines. - Salame cooperated minimally, didn't testify against Bankman-Fried, and will keep his Porsche. - Salame pleads for
bitcoin
* Spot ether ETFs to have lower demand than bitcoin due to first mover advantage. * JPMorgan predicts up to $3 billion inflows for ether ETFs this year. * Ethereum ETFs close to approval in the U.S., awaiting SEC clearance. * No similar demand catalyst for ether as seen with bitcoin reward halving.
bank
* DBS owns 173,753 ETH worth $647 million, making $200 million profit. * Nansen identifies DBS as an ETH whale, offering crypto services since 2020. * DBS denies owning the wallet, potentially holding assets for investors. * DBS's crypto division saw significant growth in trading volume and services. * DBS supports major
bybit
* Hidden Road, backed by Citadel Securities, stops client access to Bybit crypto platform. * Disagreements over KYC and AML requirements cited as reasons for the halt. * Bybit conducting compliance review of prime brokerage business in response. * Hidden Road sought to raise $120 million in a series B equity round. * Bybit and
bitcoin
* Bitcoin needs US inflation to slow down to reach all-time high. * Analyst predicts new high if inflation is 3.3% or lower. * Inflows into Bitcoin ETFs expected to remain strong. * Bitcoin price influenced by CPI results, not random movements. * Previous instances show Bitcoin price decline after high CPI results.
ethereum
* Fidelity's U.S. spot ethereum ETF added to DTCC's list under ticker FETH. * DTCC designates FETH as domestic fund, not yet active for processing. * DTCC includes proposed spot ether ETFs from VanEck, Franklin Templeton, BlackRock. * SEC approved 19b-4 forms for spot ether ETFs from eight
ethereum
* Ethereum faces sales pitch challenges for upcoming spot crypto ETF. * Pitch Ethereum as future of finance or all-in-one decentralization platform. * Ether's upside compared to Bitcoin attracts investors, despite technical roadmap concerns. * SEC-approved spot Ether ETFs face competition and regulatory hurdles. * BlackRock's success with
The Big Analysis
Without them, interacting directly with the blockchain is impossible. Digital wallets are therefore crucial to the adoption of the sector. Their development has seen renewed interest in recent months following the bankruptcies of centralised platforms such as FTX or Celsius in 2022. "Many saw it as an opportunity to