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VanEck’s proposed spot ether ETF added to DTCC website
VanEck’s proposed spot ether ETF added to DTCC website

VanEck’s highly-anticipated spot ether ETF was listed on the DTCC website, which includes both active and not yet active funds.Earlier this week, the SEC reportedly asked U.S. issuers to amend and refile 19b-4 forms on spot ether ETFs.The SEC has yet to approve spot ether ETFs.

The Block·2024/05/22 02:28
Reflections on Ethereum Governance: Why Are People Dissatisfied with the EIP-3074 Incident?
Reflections on Ethereum Governance: Why Are People Dissatisfied with the EIP-3074 Incident?

The EIP-3074/EIP-7702 event of Ethereum reveals the complexity of its governance structure: in addition to the formal governance process, the informal roadmaps proposed by researchers also hold significant influence.

Chaincatcher·2024/05/22 02:16
Ethereum ETF Issuers "Working Overnight," Market Sentiment Remains High
Ethereum ETF Issuers "Working Overnight," Market Sentiment Remains High

Optimism continues to rise as the U.S. Securities and Exchange Commission (SEC) shows a significant shift in its stance towards potentially approving a spot Ethereum ETF, exciting crypto investors and driving the market upwards.

PANews·2024/05/22 02:01
Ethereum-based memecoins rally as market reacts to potential spot ether ETF approvals
Ethereum-based memecoins rally as market reacts to potential spot ether ETF approvals

Memecoins on the Ethereum blockchain have surged amid a change in sentiment regarding the approval of spot ether ETFs in the U.S.PEPE’s price has risen 16% in the past 24 hours, while LADYS and DOGE increased roughly 30% and 6%, respectively.

The Block·2024/05/21 22:05
Grayscale removes staking proposal from its spot Ethereum ETF filing
Grayscale removes staking proposal from its spot Ethereum ETF filing

In a previous filing, Grayscale had proposed to investors the ability to stake ether through the trust. Grayscale’s updated filing did not include staking language. Other issuers, including Fidelity, have made similar moves.

The Block·2024/05/21 21:10
Bitcoin expected to hit fresh all-time high by weekend, analyst says
Bitcoin expected to hit fresh all-time high by weekend, analyst says

The recent optimistic signals regarding spot ether exchange-traded funds come at an opportune moment for bitcoin, with the digital asset’s price expected to hit new record high, an analyst said.

The Block·2024/05/21 16:49
Flash
09:40
Strategist: The normalized profitability level of Micron may have risen significantly
Golden Ten Data reported on June 25 that Micron stated that once all supply agreements are completed, contracts signed at fixed prices or with a cap close to current levels are expected to account for about 40% of its revenue. At the same time, these contracts also include price floors, with Micron saying this will result in gross margins “well above” the peak of any previous cycle. “This data is important evidence for the memory supercycle theory, but I would not permanently overvalue Micron simply because of an all-time high annualized gross margin,” said Futurum Chief Market Strategist Shay Bolor. “The right understanding is not that cyclicality has disappeared, but that its normalized profitability level may have risen significantly, and the next downturn cycle may be more protective than investors have previously come to expect.”
09:39
Bank of America revises Bank of England rate cut forecast, now expects a 0.25% cut in November 2027
Bank of America has adjusted its forecast for the Bank of England’s rate cut path, now expecting a 0.25% rate cut in November 2027, compared to the previous prediction of three rate cuts.
09:38
US stocks movement | Zhongchi Vehicle Solutions surges 72.8% pre-market, $5.25 million financing eases capital pressure
Gelonghui June 25|Auto parts e-commerce platform Zhongchi Chafu surged 72.8% in pre-market trading. According to reports, Zhongchi Chafu recently completed a round of financing by issuing a prepaid promissory note to an institutional investor, which will bring the company up to $5.25 million in total proceeds. Additionally, under the agreement, the investor has the right to request the company to issue an additional $2.5 million prepaid promissory note within 21 months after the transaction is completed. This financing announcement was interpreted by the market as a positive signal to ease the company's cash pressure, support its business transformation, and strategic expansion, directly boosting the stock price.
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