Global #Ethereum

In a recent article on X, market intelligence platform IntoTheBlock has highlighted the increased activity of Ethereum (ETH) whales.

VanEck's proposed spot Ethereum ETF, with the ticker $ETHV, has been listed on the Depository Trust and Clearing Corporation's (DTCC) new securities list, following the release of amended 19b-4 forms by Cboe. Despite this important milestone, approval from the US Securities and Exchange Commission (SEC) is still pending and not guaranteed.

Bitcoin (BTC) has surpassed the $71,000 threshold, marking its first time crossing this milestone since April 12. Presently, it's trading at $71,200.

The price of Ethereum surged by more than 20%, driven by growing optimism surrounding the possibility of an Ethereum Exchange-Traded Fund (ETF). ETH managed to overcome several obstacles and even surpassed the $3,500 resistance level.

The U.S. Securities and Exchange Commission (SEC) is facing a critical juncture this week as it deliberates on approving or denying spot Ethereum exchange-traded funds (ETFs), a decision that has attracted considerable attention from major investment firms.

Bitcoin developers are actively exploring decentralized finance (DeFi) to enhance Bitcoin's programmability, aiming to compete with Ethereum's capabilities. Recent breakthroughs such as Bitcoin Layer 2 networks, Runes, BRC-20 tokens, and software upgrades suggest that Bitcoin is on track to match Ethereum's adaptability, potentially driving significant market expansion.