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Traditional safe-haven assets such as US Treasuries have also faltered as the global economy continued to face headwinds.

In January, the SEC delayed deciding on BlackRock’s spot Ethereum ETF and later on April 19, Nasdaq filed an amendment to the proposal.In the amended filing, the exchange discussed the ETF’s creation and redemption process.

The SEC wants Terra and its owner to pay one of the largest crypto fines in history. Do Kwon argues he owes less than $1 million.

Standard Chartered has revised its outlook and no longer anticipates the approval of spot Ethereum ETFs in May. However, the bank maintains an optimistic view in the long run, expecting eventual approval.

A new note from Standard Chartered observed a less leveraged bitcoin market, where assets “can now re-trend higher.”The note reiterated Standard Chartered’s year-end target price levels of $150,000 for bitcoin, and $8,000 for ether.

Quick Take The agency pushed its timeline to make a decision to June 11, 2024, after which the SEC could approve or disapprove or institute proceedings. The SEC also delayed making a decision on a spot Ethereum ETF proposal from Grayscale. Optimism for a spot Ethereum ETF has fallen over the past few months.