Guru-Investinghas prepared the three main news stories from last weekend.
Guru-Investinghas prepared the three main news stories from last weekend.
Shiba Inu (SHIB) gets support from the British Red Cross
According to a recent article by the news portal Shib Daily, the Shiba Inu meme cryptocurrency has gained support of the British Red Cross; As of now, the global humanitarian charity accepts SHIB as a donation currency. This was made possible thanks to the British Red Cross’ partnership with Giving Block, a platform specializing in cryptocurrency donations for non-profit organisations, 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 fees of between 1% and 3.9% through Giving Block, depending on the amount. The amount donated is sent to the British Red Cross every week. The recognition of Shiba Inu as a valid form of donation underscores its growing usefulness and acceptance.
Gamza Khanzadaev
Ethereum ETFs May Be Approved Before 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 ETF “sometime this summer,” many experts shared their forecasts for when this important development will take place. Bloomberg Senior ETF Analyst Eric Balchunas also jumped on the bandwagon; in his last x publication, 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 asked for 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 and dump $4.1 billion worth of BTC
According to a recent x publication by renowned crypto analyst Ali Martinez, over the last 10 days, big bitcoin whales and miners have dumped a staggering amount of BTC. To illustrate this, Martínez attached a graph from the market intelligence platform Santiment to his publication. The first group of market players sold more than 50,000 BTC, valued at approximately $3.3 billion. In turn, the second group, BTC miners, sold more than 1,200 BTC, worth almost $80 million. Together, they dumped more than $4 billion worth of Bitcoin. Miners regularly sell BTC to pay their operating costs and withdraw profits from their mining companies. This often happens when Bitcoin reaches a new local high.
