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Share link:In this post: SEC Gary Gensler expects Ethereum ETFs to be approved during this summer. Market stakeholders said the ETF issuers were currently awaiting comments from the SEC staffs about their S-1 filings. Meanwhile, US Senators criticized and questioned the SEC and CFTC regulatory actions gainst the emerging industry.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strong
SEC Chair Gary Gensler estimated that the S-1 approvals for spot ether ETFs could occur sometime by the end of this summer. A Tennessee Senator also chastised Gensler’s rule-making for the cryptocurrency industry, stating that the agency’s “roadblocks” have spurred U.S. companies to move abroad.
JPMorgan analysts are skeptical about the sustainability of strong crypto inflows so far this year, citing current high bitcoin prices.If the current trend were to continue, it would result in an annualized net inflow of around $26 billion, they said.
- 01:02Kanye West: Learning about Bitcoin from AnsemRenowned rapper Kanye West posted on X, stating that he is learning about Bitcoin from crypto KOL Ansem ("Ye learning bit coin from Ansem") and included an audio recording.
- 00:51After being hacked, 1inch has recovered most of the stolen funds, reaching a bug bounty agreement with the hackerAccording to Decurity's post-incident report, after negotiations with the hacker, most of the $5 million stolen from 1inch has been returned, with the hacker retaining a portion as a bug bounty. The attack originated from a vulnerability in the Fusion v1 smart contract, primarily affecting users who utilized outdated versions of the resolver, while regular users' funds remained unaffected. As previously reported by Odaily, 1inch discovered the vulnerability in the Fusion v1 smart contract on March 5, which was subsequently exploited by the hacker to steal funds. 1inch has urged relevant resolvers to undergo audits and update their contracts to prevent similar incidents in the future.
- 00:50In the past seven days, NFT trading volume has risen 15.27% week-over-week to $121.5 millionAccording to CryptoSlam data, NFT trading volume has increased to $121.5 million this week, marking a 15.27% rise compared to the previous week. The number of NFT buyers has plummeted by 94.39% to 25,641, while the number of NFT sellers has decreased by 91.84% to 25,717. Meanwhile, the number of NFT transactions has grown by 5.21% to 1,615,020.