Take a look at what happened in the world of cryptocurrencies by reading the top three news stories from U.Today.
Take a look at what happened in the world of cryptocurrencies by reading the top three news stories from U.Today.
“$1 Million Bitcoin” Advocate Samson Mow Reveals Latest Opportunity to Sell ETH
As the deadline approaches for the SEC’s decision on immediate approval of the Ethereum ETF, Samson Mow, CEO of Jan3 and prominent Bitcoin maximalist, led to throw cold water on Ethereum-based ETFs. At Mow’s House opinion, the potential approval of Ethereum funds by the regulatory agency is not optimistic as they will “grossly underperform” Bitcoin-based ETFs. To prove that he is right, Mow recommended comparing the demand for BTC and ETH in other markets, while 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 end of his X post. Meanwhile, 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 crypto industry.
Arman Shirinyan
Perpetual Futures for Shiba Inu (SHIB) and other meme coins added by Coinbase
According to the official advertisement x Starting 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 more meme coins, BONK and FLOKI, will also list their perpetual futures, much to the delight of the asset communities. As stated in the announcement, the opening of the 1000BONK-PERP, 1000FLOKI-PERP and 1000SHIB-PERP markets is expected to begin from 9:30 am UTC on May 30, 2024. Other perpetual futures offered by the exchange they include assets like Cardano. (ADA), Avalanche (AVAX), Dogecoin (DOGE), Bitcoin Cash (BCH), Pepe (PEPE), etc. As a reminder, the Coinbase offshore derivatives exchange launched last May. In September, Coinbase gained regulatory approval to offer its futures to users outside the US.
Tomiwabold OlajideBrian Kelly predicts Solana could be the next crypto ETF
During his recent appearance on CNBC, Brian Kelly, founder and CEO of BKCM LLC, shared his opinion regarding the approval of Ethereum ETFs. Although Kelly doesn’t know exactly when the SEC will give the green light to the Ethereum ETF, he is sure it will happen at some point. When asked which cryptocurrency could be next to get the ETF from him, Kelly responded: “You have to think about Solana as probably next. Bitcoin, Ethereum and Solana are probably the big three of this cycle.” However, the Solana ETF approval process could be complicated by the legal status of the SOL token in the US; As a reminder, last year, the SEC named SOL as a security in its lawsuits against Coinbase and Binance. The Solana Foundation strongly rejected this claim and stated that the blockchain is decentralized. Additionally, Solana does not have its futures-based ETF in the US.
