Markets
Ethereum ETF Approved, Elon Musk Mourns Kabosu’s Death, Trump Embraces Crypto Donations, & More: Top Cryptocurrency Updates
May 26, 2024 9:00 am | 2 minute read
The week in the world of cryptocurrencies has been eventful to say the least. Since SEC approval Ethereum ETFs a Elon Muskit is the homage to Shiba Inu behind Dogemoneta, the cryptocurrency market was in turmoil. Here’s a quick recap of the biggest stories that shaped the cryptocurrency landscape over the weekend.
SEC gives green light to Ethereum ETFs
In a move that could potentially attract traditional investors to the cryptocurrency market, the Securities and Exchange Commission (SEC) has given its approval for spot trading Ethereum (CRYPTO: ET) ETFs. This decision marks a significant step forward in the integration of cryptocurrencies into the traditional financial system. Read the full article here.
The best traders trade Bitcoin for Altcoins
A major trader has decided to abandon Bitcoin (CRYPTO: Bitcoin) in favor of altcoins, citing the potential explosion of the “Dogecoin Killer” Shiba Inu as one of the reasons. This shift in preference highlights the growing interest in altcoins among traders. Read the full article here.
Elon Musk pays homage to Kabosu
Tech mogul Elon Musk paid tribute to Kabosu, the Shiba Inu who inspired his favorite cryptocurrency, Dogemoneta (CRYPTO: DOGE). Musk’s tribute sparked reactions from the crypto community, further highlighting the cultural impact of cryptocurrencies. Read the full article here.
Trump Embraces Crypto Donations
Former president Donald Trump announced that it will accept cryptocurrency donations in Bitcoin, Ethereum, Shiba Inu (CRYPTO: SHIB), Dogecoin and more. This move signals the growing acceptance of cryptocurrencies in political fundraising. Read the full article here.
BTC Price Prediction by Michael Saylor
Michael Saylor, CEO of MicroStrategy Inc., said that the price of Bitcoin is still below $0.08 million, suggesting that the leading cryptocurrency is on the verge of hitting a new all-time high. Read the full article here.
Read next: Bitcoin, Ethereum, Dogecoin on Tightrope as ETF Decision Looms: Market ‘Weak Weak Weak,’ Trader Says
Photo via Shutterstock
This story was generated using Benzinga Neuro and modified by Navdeep Yadav.
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