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- Spot Ethereum ETFs Begin Trading Today | Cryptocurrency Trends
Spot Ethereum ETFs Begin Trading Today | Cryptocurrency Trends
Aaron, Bitget Research
2024/07/24
![Spot Ethereum ETFs Begin Trading Today | Cryptocurrency Trends](https://img.bitgetimg.com/multiLang/web/eddd08b5c1967cfea54f43d10862ec8d.png)
1. Mainstream Exchange Trends:
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Bitget to launch the Launchpool project Upland (SPARKLET) tomorrow, and to launch OGCommunity (OGC) for pre-market trading.
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Bitget Wallet achieves robust growth in the Japanese market in the first half of the year, emerging as the second-leading Web3 wallet after MetaMask.
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Gate.io exits the Japanese market and suspends new user registrations.
2. Cryptocurrency Trends:
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Spot Ethereum ETFs begin trading today. Coinbase provides custody services for eight U.S. spot Ethereum ETFs.
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BlackRock's spot Bitcoin ETF saw a net inflow of $526.7 million yesterday, marking the largest daily net inflow since March 13.
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A CNBC analyst says Bitcoin may become a strategic reserve asset under the Trump administration.
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Wintermute predicts that spot Ethereum ETFs are expected to attract up to $4 billion in inflows over the next year, with the price of ETH set to rise by 24%.
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Grass launches the beta version of its Desktop Node, offering users a 2x points multiplier for running the node.
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BlockFi completes the sale of its FTX claims and is preparing for final creditor distribution.
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Alchemy Pay integrates Volt's real-time payment channels to facilitate EUR payments.
3. Financing Trends:
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Bitlayer Labs raises $11 million in Series A funding led by Franklin Templeton and others.
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SingularityNET to invest $53 million in a modular supercomputer.
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Binance Labs invests in PLUTO Studio, the publishing platform behind Catizen.AI.
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Igloo, the parent company of Pudgy Penguins, raises over $11 million in funding led by Founders Fund.
4. Regulatory Trends:
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The U.S. House of Representatives passes a bill on the use of crypto in illicit financing, but it may be rejected by the Senate.
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India's Finance Minister upholds the controversial crypto tax rules during the budget announcement.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.