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blockchain crypto cryptocurrency eth etf sec may (SpotedCrypto)

US SEC delays decision on whether to approve ArcInvest-21Shares' ETH ETF by a mile

The US Securities and Exchange Commission (SEC) has delayed its decision on ArcInvest-21Shares' Ethereum ETF until May 24 (local time), according to The Block. The company also announced that it is accepting public feedback on the product. Earlier in the day, the SEC also announced that it was delaying

blockchain crypto cryptocurrency btc weakness due to FOMC grayscale (SpotedCrypto)

BTC's short-term weakness is due to risk-off sentiment ahead of the US FOMC rate decision, and downward corrections are a buying opportunity.

"The recent decline in bitcoin's price is due to investors' risk-off sentiment ahead of the US Federal Open Market Committee's (FOMC) rate decision meeting," said Vetle Lunde, Senior Analyst at crypto research firm K33 Research. "While the market unanimously expects the Federal

blockchain crypto cryptocurrency memecoin mania driven by korean market (SpotedCrypto)

10X Research: MemeCoin mania driven by South Korean market

"The recent MemeCoin mania seems to be driven by the South Korean market," Markus Thielen, Head of Research at MatrixPort and founder of 10X Research, told CoinDesk. "Eighty percent of the price increase in MemeCoin was concentrated during Asian trading hours. There was also a significant increase

blockchain crypto cryptocurrency btc opinion 10T sees 200K 10X 59k (SpotedCrypto)

10T Holdings sees $200,000 BTC as elusive, 10X Research warns of BTC ETF liquidity crisis.

Dan Tapiero, founder of global private equity firm 10T Holdings, told The Block that "based on bitcoin's previous cycles, $200,000 is more attainable than expected in this cycle." "The current bitcoin bull run is a combination of macro factors, not just a halving,"

blockchain crypto cryptocurrency btc hit 500K after halving (SpotedCrypto)

PlanB "BTC to hit $500,000 this halving...$500,000 possible in next halving"

"Bitcoin is likely to rise to $500,000 in the upcoming 2024-2028 halving cycle, and bitcoin could rise to $5 million in the next halving cycle, 2028-2032," Dutch analyst PlanB, who invented the Stock-to-Flow (S2F) model, a bitcoin price prediction model, told X, according to YT. "The

blockchain crypto cryptocurrency btc correction profit move (SpotedCrypto)

BTC correction is a profit-taking move by short-term holders... more upside ahead

"Looking at bitcoin's correction and the associated SOPR (a metric that measures whether holders are selling assets at a profit or loss), it appears to be a short-term holder profit-taking move," said Crypto Dan, a South Korean crypto-quant contributor specializing in cryptocurrency research. "The SOPR

blockchain crypto cryptocurrency btc healthy correction (SpotedCrypto)

Bitcoin is in a spot-driven bull market with a healthy correction on the MVRV metric

"Based on the current Bitcoin MVRV (realized value to market value) ratio, it's not surprising to see a pause in the bull run," said Checkmate (@checkmatey), principal analyst at on-chain analytics firm Glassnode, via X. "Long-term holders of BTC have begun to sell off near