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50% chance of ETH spot ETF approval by May

"There is a 50% chance that an Ethereum (ETH) spot ETF will be approved in May," Ryan Rasmussen, research analyst at crypto asset manager Bitwise, told Yahoo Finance. The U.S. Securities and Exchange Commission (SEC) has until May 23 (local time) to decide whether to approve VanEck's application for an ETH spot ETF. "If other crypto spot ETFs besides bitcoin are launched, they will rise in price like BTC. There are many events in the market besides spot ETFs, such as BTC halving, ETH Dencun upgrade, NFT trading volume growth, and Solana price rise. In particular, BTC is in a cycle that could reach at least $88,000 by the end of 2024," he added. Meanwhile, decentralized prediction market platform Polymarket gives the ETH spot ETF a 41% chance of approval in May.

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

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