Spot Ethereum ETF decision imminent, Bitcoin price gets $80k target !

M6 Labs Alpha Bytes 🚨 23rd May

Author

M6 Labs
May 23, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

Big moves in crypto today, fam! The SEC is finally talking with Ethereum ETF issuers about those S-1 forms, and we might get a decision in a few hours. And get this, the US House just passed the FIT21 crypto bill—huge W for crypto!

BTC $67,870 (-3.19%), ETH $3,755 (+0.64%), SOL $170.88 (-6.33%)

Crypto News 📰 

  • Spot Ethereum ETF decision due in hours as Bitcoin price gets $80k target 

  • The SEC has begun engaging with spot Ethereum ETF issuers over S-1 forms 

  • Election politics or crypto evolution? Speculation abounds as spot Ethereum ETF approval looms 

  • United States House of Representatives approve crypto FIT21 bill with surge of Democrat support 

  • 18 million Americans owned or used crypto in 2023: Fed survey 

  • QCP Capital predicts spot Ethereum ETF approvals could drive prices higher 

  • PEPE coin hits new milestone despite massive liquidation 

  • White House signals Biden will sign crypto market bill if it passes Congress 

  • Fed inflation doubts leave crypto markets flat 

  • Is SEC’s Gary Gensler going rogue to stop crypto legislation?

  • MetaMask planning to add Bitcoin support 

  • NVidia Q1 result sends stock soaring 6% but AI tokens barely moved 

  • Bybit CEO refutes insolvency rumors, Shares proof of reserves 

  • SEC faces fierce battle against crypto’s legal firepower 

  • ‘Asia’s MicroStrategy’ Metaplanet smashes all other Japanese stocks  

  • Ethereum co-founder Vitalik Buiterin advocates ZK ‘likes’ on Farcaster after X privacy shift 

  • Hong Kong’s Central Bank studying the impact of AI on banking jobs and skills 

  • Nigerian prison fails to bring Binance exec to court 

  • StarkWare ZKThreads solution could prevent fund lockups similar to FTX 

  • Bitcoin Runes hype fades as transactions plummet 84% 

  • CNBC Fast Money trader says Solana ETFs probably next, sparks debate 

  • Resonance Security flags concerns over potential metadata misuse in Runes 

  • Credbull CEO discusses the impact of RWA tokenization and its challenges 

  • Community upset after Coinbase taps USDC to celebrate Bitcoin pizza day 

  • Bittensor soars 13% as Grayscale Trust rumors circulate 

  • ESET and Dutch police expose Ebury botnet’s theft operations

  • API3 surpasses $1 billion in TVS, records 10x growth in 100 days 

  • Solana sees DePIN surge with Render, Helium 

  • Telegram mini apps skyrocket with Web3 games, adding millions of users daily 

  • @JSeyff shares all entrants in spot Ethereum ETF 

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  • @runes_terminal (Blockchain service) - $TBD led by @CogitentV 

  • @Stripchain (Blockchain infrastructure) - $10 million led by @sora_ventures 

  • @monad_xyz (Chain) $TBD investment from OKX Ventures 

  • WeatherXM raises $7.7 million Series A led by Lightspeed Faction 

  • IVX raises $1.2m seed led by Animoca 

That's a wrap for today!

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