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SEC unlikely to approve spot Ethereum ETFs 'any time soon,' says TD Cowen
SEC unlikely to approve spot Ethereum ETFs 'any time soon,' says TD Cowen

Quick Take Chances are slim that the SEC will greenlight a spot Ethereum ETF in the near future, according to TD Cowen. “The wait might not be as long as 26 months, but it likely would be after the election,” the investment bank said.

The Block·2024/01/13 16:31
The launch of the spot bitcoin ETF is just the beginning
The launch of the spot bitcoin ETF is just the beginning

Quick Take The Block’s Frank Chaparro gives his opinion on last week’s spot bitcoin ETF approvals. This first appeared in Chaparro’s biweekly The Scoop Newsletter on Jan. 12. Sign up now.

The Block·2024/01/13 13:06
Flash
  • 02:58
    Weekly Cryptocurrency Analysis: Ethereum, Ripple, Cardano, Shiba Inu Coin and Polkadot
    According to CryptoPotato, this week's analysis of the cryptocurrency market mainly focuses on Ethereum, Ripple, Cardano, Shiba Inu and Polkadot. After testing the $2,800 support level, Ethereum (ETH) rose 7% this week. Despite hitting a new annual low against Bitcoin, its resistance is at $3,350. If the current momentum continues, bulls may test it. Cryptocurrencies could soon resume their upward trend. This week Ripple (XRP) price increased by 4%, with buyers eager to test key resistance at 54 cents. The daily MACD has turned bullish indicating that Ripple might be ready for an upswing but needs to break through 54 cents to confirm this. If successful, the next target will be 68 cents. Cardano (ADA) broke through resistance at 46 cents and is currently expected to move towards 60 cents with a weekly increase of 7.5%. The level of 46 cents has not yet been confirmed as support but could happen as buyers and sellers test strength. The overall tendency of this action is bullish but needs continuation for confidence in ADA's rise. Shiba Inu (SHIB) aims to break through resistance at $0.000025 if successful; the price could rise to $0.000030.The price found good support at $0.000020 and successfully brought back bulls but still requires significant breakthroughs from current resistances.SHIB's buying volume has increased over past few days indicating optimism about next round of increases. Polkadot(DOT) remains within range between $6-3-$7-6.However due recent shift towards bullishness in market,buyers seem have upper hand.This weeks closing also saw a price increase by six percent.On daily chart,DOT showed MACD bull cross over last few days along with higher highs.Real challenge would be breaking above resistance level set at seven point six dollars which is also current price target.Significant break from this level could bring prices closer to double digits later this month.
  • 02:56
    The CatizenAI Game on the Ton ecosystem now supports Notcoin payments
    The metaverse cat-raising game CatizenAI on the Ton ecosystem has announced its support for Notcoin (NOT) as a payment method. Users can now choose TON or NOT tokens when making in-game payments. This development marks an expansion of the game's payment options, providing users with greater flexibility. The announcement was made on the X platform, further emphasizing the game's commitment to enhancing user experience and convenience. Integrating NOT tokens into the game's payment system is expected to attract more users and stimulate in-game transactions. However, the impact of this development on the overall performance and popularity of the game remains to be seen.
  • 02:55
    Data: CME Bitcoin contracts' open positions increased to 10.2 billion USD
    Coinglass data shows that the total open positions of BTC futures contracts across the network are 493,960 BTC, equivalent to approximately 33.11 billion USD. Among them, CME's open positions for BTC contracts are 152,410 BTC (equivalent to about 10.2 billion USD), ranking first.