Ethereum
Crypto News Digest by U.Today By U.Today
U.Today – U.Today has prepared the three main stories from last weekend.
(SHIB) gets support from the British Red Cross
According to a recent article by news portal Shib Daily, the Shiba Inu meme cryptocurrency has gained support from the British Red Cross; now the global humanitarian charity accepts SHIB as a donation currency. This became possible thanks to the British Red Cross’ partnership with Giving Block, a platform specializing in cryptocurrency donations for non-profit organizations, which supports the dog-themed token as well as other popular digital assets. Users who choose to donate Shiba Inu to the Red Cross can do so with fees of approximately 1% to 3.9% through the Giving Block, depending on the amount. The amount donated is sent each week to the British Red Cross. The recognition of the Shiba Inu as a valid form of donation highlights its growing utility and acceptance.
ETFs could be approved by July 2, reveals top expert
Following a recent hint from SEC Chairman Gary Gensler that the regulatory agency could approve S-1 forms for Ethereum spot ETFs “sometime this summer,” many experts have shared their predictions on when this major development will take place. Eric Balchunas, senior ETF analyst at Bloomberg, has also jumped on the bandwagon; in his latest article X, Balchunas suggested that the likely date for approval of the S-1 registration form could be July 2. The analyst noted that SEC staff recently sent minor comments to issuers on the forms and requested responses within a week. So, according to Balchunas, there is a good chance that the regulator will make its decision before the Independence Day weekend, making July 2 the most likely date for approval.
whales go crazy and unload $4.1 billion in BTC
According to a recent article To illustrate this, Martinez attached a graphic from the business information platform Santiment to his message. The first group of market participants sold more than 50,000 BTC, valued at approximately $3.30 billion. In turn, the second group, BTC miners, sold over 1,200 BTC, worth almost $80 million. Together, they dumped over $4 billion worth of Bitcoin. Miners regularly sell BTC in order to pay their operating costs and cash in on profits from their mining ventures. This often happens when Bitcoin reaches a new local high.