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JPMorgan predicts eventual SEC approval for spot Ethereum ETFs.The SEC is currently soliciting comments for a handful of spot ETH ETF applications.
Most of the crypto market is in the red on a weekly scale, with DOGE, SHIB, ADA, and AVAX plummeting by double digits.
Bitcoin gained on Friday alongside major equity indices after robust jobs data signaled strength in the U.S. economy.However, the March figures could lead investors to adjust their bets regarding the timing of the U.S. Federal Reserve’s first rate cut of 2024.
A SushiSwap governance proposal aims to transfer DAO treasury assets to a new entity called Sushi Labs. The move aims to accelerate protocol development, according to SushiSwap.
Uniswap Labs announced trading volume for its protocol has surpassed $2 trillion. The most popular decentralized exchange, or DEX, in terms of trading volume, has continued to be one of Ethereum’s most dominant DeFi applications since being founded in 2018.
- 07:07Swell: Bridge funding exceeds $120 million, mainly flowing in through the Stargate protocolSwell posted on X stating that its bridging funds have exceeded 120 million US dollars, with more capital flowing in. Major assets such as Ethena Labs' USDe, ether.fi's weETH and Swell's rswETH are moving at scale and speed. Most of the funds are transferred through the cross-chain liquidity protocol Stargate (supported by LayerZero technology).
- 07:05Trader Peter Brandt: BTC may continue to rise, with a short-term price target of $125,000After BTC recently fell below the major threshold of $91,000, it rebounded strongly this weekend and has currently slightly fallen back to around $96,000. In this process, veteran trader Peter Brandt reiterated his bullish view on BTC and stated that it may continue to rise in the future. In addition, other on-chain indicators also show that BTC has a good momentum for the future. In recent analysis, Brandt said that BTC could reach $108,358 in the next few days. However, he also quoted technical charts warning that the price of BTC might pull back to $76,614 in an upward trend and added "this is not a prediction", pointing out market risks. He stated these analyses only reflect "possibilities not probabilities or certainties". Moreover, he recently set his target price for BTC at $125 thousand.
- 07:04The founder of ai16z publishes an article explaining the project structure and relationships between various entitiesai16z founder Shaw has published an article explaining the project structure and the relationship between various entities: ai16z is a decentralized DAO, owning tokens ai16z and degenai; ElizaOS is an open-source AI agent framework; Eliza Labs is responsible for developing elizaOS. Shaw also emphasized that DAOs are decentralized, adopting a fair launch model without any entity intervention or team allocation, venture capital or similar arrangements. In addition, the ELIZA token was developed by an independent team and received support but it's not an official product.
