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Mixed outlook ahead of May decision on ETH spot ETF approval

The market has a mixed outlook on the prospect of an Ethereum (ETH) spot ETF being approved, reports The Block, citing several crypto industry insiders. Matt Kunke, an analyst at crypto market maker GSR Markets Research, said: "Based on the optimistic outlook, including the Grayscale lawsuit victory, there is

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Trump holds $1.1 million in TRUMP, an Ethereum-based meme coin

"Former US President Donald Trump holds $1.1 million worth of MAGA (TRUMP) in his Ethereum (ETH) wallet," reports cryptocurrency media outlet Decrypt. "MAGA is an Ethereum-based meme coin with the same name as the acronym 'MAGA,' which stands for 'Make America Great Again,

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US SEC delays decision to approve BlackRock Ethereum spot ETF

"The U.S. Securities and Exchange Commission (SEC) has delayed its decision to approve BlackRock's ethereum spot ETF," Fox Business reporter Eleanor Terrett reported via X. "It's like déjà vu (for bitcoin spot ETFs). "It's like déjà vu (for bitcoin

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BTC miners are approaching $60 billion in cumulative revenue...more annual revenue than eBay

Yassine Elmandjra, an analyst at Ark Invest, reports via X that "Bitcoin miners are approaching $60 billion in cumulative revenue. A decade ago, BTC mining was a hobby, but now cryptocurrency mining companies generate more annual revenue than global companies like Spotify, eBay, Hermes, Chipotle, Hertz and Hilton. The

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Traditional asset managers may consider acquiring Grayscale to enter the crypto space.

A third-party acquisition of Grayscale is a possibility, according to Coindesk, citing multiple industry sources. Grayscale holds the most bitcoin among institutional investors, and while asset managers are catching up with the recent approval of BTC spot ETFs, it remains an influential player in the industry. Nate Geraci, CEO of

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Grayscale sees net outflows of BTC on day 8, while Ark Investments bought $14.5 million worth of the Spot BTC ETF

The Grayscale Bitcoin Spot ETF GBTC saw net outflows of $5.15 billion on day 8, according to BitMEX research. Cumulative net outflows stand at $3.963 billion. U.S. asset manager Ark Investment, through its ARKW fund, bought 360,830 shares ($14.5 million) of the ARK 21-Share Bitcoin

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MagicEden Launches User Rewards Program

NFT marketplace MagicEden announced today via Official X (formerly Twitter) that it is launching a user rewards program. "We have been working on a long-term, cross-chain NFT rewards program for the past year. This isn't just a points campaign, it's a plan to reward everyone