Ethereum breaches key support as SEC delays ETF decision Ethereum is down more than 5% on Thursday following the Securities & Exchange Commission's failure to approve ETH ETF issuers' S-1 drafts. Meanwhile, the recent decline has strengthened the bearish outlook after ETH moved below a key support level, sparking $90 million in long liquidations.
Bittensor reveals cause of network breach, TAO price suffers In a report on Thursday, Bittensor revealed that a malicious PYPi package disguised as an authentic Bittensor package caused its $8 million network breach. Following the report, TAO is down over 3%, stretching its weekly losses to about 20%. Ripple traders take losses over $75 million as XRP loses key support at $0.45 Ripple price is under fresh selling pressure and tests key support at the June 7 low of $0.
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Ethereum ETF launch date depends on issuers, not SEC: GenslerThe launch of spot Ether ETFs depends on how quickly issuers respond to the SEC’s comments, says Gary Gensler.
Source: Cointelegraph - 🏆 562. / 51 Read more »
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Ethereum ETF process is ‘going smoothly,’ says SEC’s GenslerSEC Chair Gary Gensler was tight-lipped on a timeline for when spot Ethereum ETF trading approvals would happen but says they’re “going smoothly.”
Source: Cointelegraph - 🏆 562. / 51 Read more »