Franklin Templeton lists Ethereum ETF, vies for SEC approval

Franklin Templetons Ethereum spot ETF is now listed on DTCC | Source: DTCC  The listing does not imply approval from the U.S. Securities and Exchange Commission (SEC), which is still pending.  Listing on the DTCC website signifies that the ETF has completed certain registration or compliance processes, making it eligible for trading and settlement within the DTCCs systems.  The final approval, however, hinges on the SECs assessment against various regulatory standards.  Franklin Templeton filed a Form S-1 with the SEC in February, seeking to launch a spot Ether (ETH) ETF. If approved, it would be traded as “Franklin Ethereum ETF” on the Chicago Board Options Exchange.  However, in a recent update this April, the SEC announced a delay in its decision on the application, extending the review period by an additional 45 days to June 11.  Industry heavyweights, including BlackRock, Grayscale, VanEck, and ARK Invest, are also contenders in the race to secure approval for their own spot in Ether ETFs.  However, the prospects for these Ethereum-based ETFs gaining approval from the SEC appear to be different from those for spot Bitcoin ETFs, which received the green light in January.  In March, Bloomberg ETF analyst Eric Balchunas assessed the likelihood of a spot Ether ETF being approved in

2024-04-28Ethereum

ETH price prediction as DTCC lists finance giants Ethereum spot ETF

The Depository Trust & Clearing Corporation (DTCC) listed Franklin Templetons Ethereum (ETH) spot ETF with a “yes” for create and redeem. Franklin Templeton is a traditional finance giant with $1 trillion in assets under management and a growing interest in cryptocurrencies.  As of this writing, the cryptocurrency market still awaits the Securities and Exchange Commissions (SEC) approval of Ethereum spot ETFs. This is a similar expectation previously seen within the Bitcoin spot ETFs, feeding a bullish sentiment for the cryptocurrency.  In a hint of what is potentially to come, the renowned crypto journalist Colin Wu iniulat DTCCs recent listing. Notably, the “FRANKLIN ETHEREUM TR ETHEREUM ETF” appeared with a “Y” for “Creation/Redeem,” signaling a positive outcome is imminent.  According to Wu, this is “a standard practice to prepare for the launch of new ETFs to the market and does not represent the result of the approval process.”  Franklin Templetons application for the launch of the Ethereum spot ETF “FRANKLIN ETHEREUM TR ETHEREUM ETF” has been listed on the DTCC website, and the Create/Redeem column shows Y. DTCC emphasized that this is a standard practice to prepare for the launch of new ETFs to the…   - Wu Blockchain (@WuBlockchain) Abril 27, 2024  Ethereum price analysis in

2024-04-28Ethereum

Bakit Ang mga Mayayamang Namumuhunan ay Tumaya sa CYBRO, BONK, at WIF para sa 100X Return

Tech  Bakit Ang mga Mayayamang Namumuhunan ay Tumaya sa CYBRO, BONK, at WIF para sa 100X Return  Rich investors are turning their focus to a selection of promising cryptocurrencies, including CYBRO, BONK, and WIF. Their goal: massive profit potential. As the bull market surges into 2024, these names are gaining attention for their potential to multiply investments extensively. This interest comes amid a climate where spotting the right opportunity could mean significant rewards. This article delves into the reasons behind this trend, exploring the qualities that make these options stand out in a rapidly evolving market.  CYBRO Presale: Kilalanin ang First-Earn Marketplace sa Blast  Nagpakilala si CYBRO isang pinag-isang marketplace para sa pare-parehong mga kita sa crypto, gamit ang inobasyon ng Blast blockchain. Ilulunsad sa Q2 2024, iniimbitahan ng platform ang mga naunang namumuhunan sa presale nito para sa paborableng mga tuntunin sa pagpasok.  Mula ngayon, nag-aalok ang CYBRO ng mga katutubong token nito sa mga kaakit-akit na presyo, simula sa $0.020 lang bawat isa, isang kamangha-mangha 66% discount. Ang mga may hawak ng token ay magkakaroon ng kagustuhang pag-access sa mga serbisyo sa marketplace at ibat ibang mga bonus para sa isang pinahusay na karanasan sa kita.  Bibigyan ng CYBRO ang mga user ng mga

2024-04-27Industriya

Sinabi ng DTCC na Magkakaroon ng Zero Collateral Value ang mga ETF na May Exposure sa Bitcoin para sa Mga Pautang

Bitcoin  Sinabi ng DTCC na Magkakaroon ng Zero Collateral Value ang mga ETF na May Exposure sa Bitcoin para sa Mga Pautang  The financial services behemoth DTCC has unequivocally stated its stance: it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies, nor will it extend any loans against them.  DTCC Giving A Big Blow to Bitcoin ETFs?  Starting April 30, 2024, the Depository Trust & Clearing Corporation (DTCC) will enact amendments to collateral values for select securities as part of its annual line-of-credit facility renewal. These modifications could impact position values within the Collateral Monitor.  DTCC announced that effective immediately, no collateral value will be assigned to Exchange-Traded Funds (ETFs) or similar investment instruments featuring Bitcoin or other cryptocurrencies as underlying assets. Consequently, these securities will face a 100% haircut.  However, popular cryptocurrency enthusiast K.O. Kryptowaluty explained that this would be applicable only to the inter-entity settlement in the Line of Credit (LOC) system.  A Line of Credit serves as a financial tool enabling market participants to access borrowed funds for short-term transaction financing or to address liquidity requirements. The utilization of cryptocurrency Exchange-Traded Funds (ETFs) for lending purposes and as collateral in brokerage activities remains unaffected, remaining subject to

2024-04-27Industriya

2 cryptocurrencies na masusing panoorin sa susunod na linggo

A recent report from CryptoQuant compounds this concern, warning USDe holders that Ethenas keep rate (the portion of revenue allocated to its reserve fund) needs to stay above 32% in a bear market to mitigate risks.  This anticipated volatility adds to ENA‘s recent gains following the launch of the USDe stablecoin. With an impressive 67% Annual Percentage Yield (APY), the product thrust Ethena into the limelight, attracting investors seeking high returns. This surge in interest led to increased buying pressure, propelling the token’s market capitalization past the $1 billion mark.  As of press time, ENA is trading at $0.81, experiencing daily losses of over 4%. Despite generally tracking the overall market, it has plummeted by nearly 17% over the past week.  Tron (TRX)  In the short term, Tron (TRX) is one of the cryptocurrencies experiencing modest gains in the green zone. This coincides with the Tron blockchains positive growth across various metrics in the first three months of 2024.  For example, the circulation of USD Tether (USDT) on Tron surpassed $50 billion in Q1. This milestone holds significance for market participants as the flow of stablecoins typically serves as a gateway for fiat onramps, with the potential to influence the price in the long term.  Notably,

2024-04-27Industriya

Rare Epic Sat from Bitcoins Fourth Halving Block Sold for Over $2 Million

Bitcoin  Pambihirang Epic Sat mula sa Ikaapat na Halving Block ng Bitcoin Nabenta sa Higit sa $2 Milyon  Balita ng Ethereum ng Bitcoin  An “epic sat,” an extremely rare satoshi (the smallest unit of Bitcoin) from the networks fourth halving block, was recently sold for over $2 million.  On April 25, the crypto mining pool ViaBTC successfully auctioned off “Sat 1,968,750,000,000,000” for 33.3 BTC, approximately $2.13 million, on the cryptocurrency exchange CoinEx Global.  ViaBTCs Rare Satoshi Auctioned  CoinEx Global announced that its partner, the ViaBTC mining pool, successfully mined the 840,000th block. This milestone marked Bitcoins fourth halving and featured a block identified as an epic “Rare Satoshi.”  According to CoinEx, this event was not just a bidding event but part of Bitcoin‘s blockchain history, showing the community’s acknowledgment, media coverage, and wider acceptance of the asset and the network.  This satoshi, known as an “epic sat,” garnere­d a lot of intere­st, with 34 bids before an unidentifie­d bidder secured owne­rship rights to the epic sat. The runner-up bidder made an offer of 20 Bitcoin for the rare sat but was outbid in the auction.  The Bitcoin network currently has 100 million satoshis (sats), with each worth around $0.00065. However, some sats are considered more special within the Bitcoin

2024-04-27Industriya

DOGE, SHIB, WIF, PEPE: Pagsusuri ng Presyo ng Meme Coins

Tech  DOGE, SHIB, WIF, PEPE: Pagsusuri ng Presyo ng Meme Coins  DOGE slipped from the $0.15 support but the coin might soon be oversold, and a bounce could be next.  The 1.618 golden ratio suggested that SHIB could climb toward $0.000025.  WIF might trade sideways but PEPE looked set to collapse to $0.0000064.  In the last seven days, most meme coins registered significant declines except for Pepe (PEPE) and Shiba Inu (SHIB). SHIB, which is now ranked 11th on the market cap standings, managed a 7.24% increase. For PEPE, its price rallied by 36.19%.  On the opposite side of the divide were dogwifhat (WIF) and Dogecoin (DOGE). While WIF‘s price dropped by 6.38%, DOGE tumbled by almost the same ratio at 6.99% within the last week. Here’s an analysis of the factors that led to the performance, and an assessment of where the prices could go in the coming days.  Dogecoin (DOGE)  At press time, DOGE changed hands at $0.14. From the 4-hour chart, it was observed that bulls attempted to drive the coin past $0.16 on April 23 but a quick rejection at that point forced the price back.  As a result, DOGE lost hold of the $0.15 support. Furthermore, the Relative Strength Index (RSI) was down to

2024-04-27Industriya

Ang mga Crypto ETF ay Nakaharap sa Zero Collateral Value Para sa Mga Pautang: Mas Mataas na Panganib Para sa Mga Namumuhunan?

DTCC To Assign Zero Collateral Value To Crypto  Notably, the DTCC has declared that Exchange-Traded Funds (ETFs) or other investment vehicles that include Bitcoin or other cryptocurrencies as underlying investments will not be assigned any collateral value for loans starting next Tuesday.  This means such assets will be subject to a 100% haircut, potentially increasing the risk for investors due to decreased liquidity. However, this move could also curtail Wall Streets leverage strategies.  The changes are part of the annual renewal of the line-of-credit facility and could impact the value of positions applied to the Collateral Monitor.  Other changes include an increase in the haircut value for corporate notes or bonds rated B1 to B3 from 50% to 70%, and the assignment of a 100% haircut to securities issued by an affiliate of any lender to the joint DTC and NSCC committed 364-day line-of-credit facility.  Securities will also receive a 100% haircut if they are matured if the issuer is bankrupt, or if the security hasnt been priced by an approved DTC pricing model or third-party vendor for 3 or more business days.

2024-04-27Industriya

Vitalik Buterin Clarifies Ethereums PoS Transition Amid Community Tensions

Ethereum  Nilinaw ni Vitalik Buterin ang PoS Transition ng Ethereum sa gitna ng mga Tensyon sa Komunidad  Balita ng Ethereum ng Bitcoin  Buterin chimed in to point out that the PoW algorithm is centralized.   Application-Specific Integrated Circuits (ASICs) were another topic that Buterin brought up.  As tensions rise within the Ethereum community, Vitalik Buterin, co-founder of Ethereum and a supporter of the network‘s transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus mechanism, has provided some justifications for the change. In particular, American entrepreneur Amanda Cassatt’s X post prompted his response.  According to Cassatt, many Ethereum users are privately complaining about the networks move to PoS. After that, Cassatt recanted the idea that some Ethereum users wished the platform had maintained the PoW consensus mechanism.  Aiming at Decentralization  A user on X directly questioned whether or not the PoS transition would be beneficial to the Ethereum network, lending credence to the arguments in favor of the change. The transition, known as The Merge, occurred on Ethereum over a year ago.  Although few bring it up, Buterin chimed in to point out that the PoW algorithm is centralized. Because of this, it seems the PoS swap was aiming at decentralization of the network as well. Many entities were

2024-04-27Industriya

Ang GALA ay Trading -23.91% Mas Mababa sa Aming Prediction ng Presyo para sa Mayo 01, 2024

Pananalapi  Ang GALA ay Trading -23.91% Mas Mababa sa Aming Prediction ng Presyo para sa Mayo 01, 2024  Bumaba ang GALA -3.56% ngayon laban sa Dolyar ng US  Bumaba ang GALA/BTC ng -2.47% ngayon  Bumaba ang GALA/ETH ng -2.86% ngayon  GALA is currently trading 23.91% below our prediction on May 01, 2024  Bumaba ang GALA -29.85% noong nakaraang buwan at tumaas ng 17.02% mula noong 1 taonPresyo ng GALA$0.046139hula ng GALA$0.060636DamdaminFear & Greed indexMga pangunahing antas ng suporta$0.045831, $0.044040, $0.042697Mga pangunahing antas ng paglaban$0.048965, $0.050309, $0.052100  Ang presyo ng GALA ay inaasahang tataas ng 30.12% sa susunod na 5 araw ayon sa aming hula sa presyo ng GALA  is trading at $ 0.046139 after losing -3.56% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.21% in the same time period. GALA performed poorly against BTC today and recorded a -2.47% loss against the worlds largest cryptocurrency.  According to our GALA price prediction, GALA is expected to reach a price of $ 0.060636 by May 01, 2024. This would represent a 30.12% price increase for GALA in the next 5 days.  Tsart ng Hula ng Presyo ng GALA  Bumili/Magbenta ng GALA  Ano ang nangyayari sa GALA sa nakalipas na 30 araw  Ang GALA

2024-04-27Industriya
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