Ethereum ETF process is ‘going smoothly,’ says SEC’s Gensler
SEC Chair Gary Gensler didn’t comment on when his agency would approve Ether ETFs for trading, but analysts predict it could be as soon as next week.
SEC Chair Gary Gensler didn’t comment on when his agency would approve Ether ETFs for trading, but analysts predict it could be as soon as next week.
Other states can join in the settlement, which will see up to $82.1 million returned to customers.
Joe Biden’s administration has done everything possible to destroy the crypto industry. That gives crypto advocates just one choice in the 2024 election.
Bulgaria’s Acting Prosecutor General said Ruja Ignatova would be charged in absentia, while the FBI listed a $5 million reward for the OneCoin founder.
The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.
Millions of dollars from political action committees may have contributed to challenger George Latimer’s defeat of incumbent Jamaal Bowman in a June 25 Democratic primary.
Big tech companies like the "Magnificent Seven" have seen significant gains in the last year, increasing their weight on US Indexes (^GSPC, ^DJI, ^IXIC). Yahoo Finance Reporter Josh Schafer joins Catalysts to discuss whether the trend is a flaw or a feature of the current market. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Tech stocks have dominated the conversation on Wall Street this year. They've dominated returns for investors too.
According to BlockBeats, on June 25, UBS economists reiterated their outlook for a soft landing of the US economy. They predict that the Federal Reserve will begin to cut interest rates in September and believe that the market may have misjudged the extent of the Fed's future rate cuts.UBS pointed out that although there have been abnormal fluctuations in economic data since the outbreak of the pandemic, certain trends now seem to have been established. The US labor market, which was severely overheated two years ago, has returned to a state close to pre-pandemic levels, driven by strong growth in labor supply.In addition, there are signs of a slowdown in retail sales and inflation. In May, the core CPI, excluding food and energy prices, only rose by 0.16%, marking the smallest increase since August 2021. Although the core inflation rate is showing a downward trend, it is still much higher than pre-pandemic levels.
In an era of market crashes and booms, strong buy ETFs are now a go-to option for many investors. Exchange-traded funds offer a compelling case to combat market risks by investing in a broad range of stocks instead of an individual asset. This, in turn, provides diversification, liquidity and cost-efficiency for risk-averse investors. In recent years, we’ve witnessed substantial growth in the ETF market. In 2023, the ETF industry managed $11 trillion in assets globally with a five-year compound