Welcome to the latest edition of Crypto NFT Today! Over the past two weeks, there have been several major events that will have a significant impact on the future of blockchain, cryptocurrency, and NFTs.
One of the most important pieces of news is that the SEC is expected to reject applications for spot Ether (ETH) exchange-traded funds (ETFs) in May. According to Reuters, multiple sources have confirmed that the SEC is not engaging in substantive discussions about these proposed products. This change in stance follows Grayscale Investments’ legal victory against the regulator in 2023.
In other news, Bitcoin prices have fallen below $64,000, leading to increased volatility in the market. This dip has also caused the liquidation of over $220 million in crypto assets within the past 24 hours. Investors and analysts are closely examining the factors contributing to this downturn.
The Indonesian President, Joko Widodo, has also issued a warning about the potential for money laundering through cryptocurrencies and NFTs. With transactions amounting to $8.6 billion in 2021, he emphasized the need for swift action to combat financial crimes.
In more positive news, Binance has successfully integrated USD Coin (USDC) on the CELO network. This integration allows for seamless deposits and withdrawals of the stablecoin, providing users with more options and flexibility in managing their digital assets.
These are just a few of the essential updates from the past two weeks in the world of crypto and NFTs. Stay tuned for more updates and developments in the future!
