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Community expects May ETH spot ETF approval to be rejected

“There has been increased discussion in the crypto community about the approval of an Ethereum (ETH) spot ETF, with the majority of the consensus being that (May) is not the right time to approve one,” crypto on-chain analytics platform Santiment reports via X. “The price typically moves against public expectations. “Prices typically move in the opposite direction of public expectations. Increased FUD (fear, uncertainty, and doubt) around ETH could be beneficial for the price. However, the closer we get to the SEC's approval, the more volatile it could become.” Reuters previously reported that the SEC is expected to deny approval of VanEck's ETH spot ETF at a meeting scheduled for May 23 (local time).

Bitcoin has fallen sharply on diminished expectations of a rate cut by the US Federal Reserve

US stocks fell on speculation that the Fed will remain cautious about cutting interest rates. The Dow Jones Industrial Average closed at 396.61 points, or 1%, down from the previous trading day at 39,170.24. The S&P 500 was down 37.96 points, or 0.72%

blockchain crypto cryptocurrency korea convenience store Bitcoin lunch box (SpotedCrypto)

South Korean convenience store chain E-Mart 24 is selling lunch boxes with Bitcoin

E-Mart 24, a convenience store, has partnered with Bithumb, South Korea's leading cryptocurrency exchange, to sell “Bitcoin Lunch Boxes” starting on the 8th (local time). The price is KRW 5900 ($4.2) in Korean won. The Bitcoin LunchBox comes with a coupon that can be used to receive

blockchain crypto cryptocurrency nft marketplace opensea volume fall (SpotedCrypto)

OpenSea trading volume at three-year low

According to BeInCrypto, the volume of OpenSea trading on the NFT market is the lowest in three years. It is around 600 ETH per day. The April sales volume represented $97 million, down 99.1% from the May 2022 peak. BLUR, on the other hand, recorded a 78.7% share

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