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5 Things to Know in Crypto This Week 💡
Bitcoin Trades Sideways while $TON, $RNDR, $PEPE and $AR Flash Bullish Signs 🐂
Bitcoin is trading sideways and is on track to finish the week with a loss of over 4%.
Analysts remain bullish on Bitcoin's price action in the post-halving cycle, with predictions ranging from $175,000 to $350,000 in the next 9 months.
Other cryptocurrencies like TON, RNDR, PEPE, and AR are showing bullish signs on their price charts.
Source: CoinTelegraph
Ethereum ETFs: Here Are All the Applications Awaiting SEC Approval 🏛️
Several major investment firms have filed S-1 forms with the SEC for spot Ethereum ETFs including BlackRock, Franklin Templeton and Fidelity.
Grayscale, a crypto asset manager, is also awaiting approval for its Ethereum Trust.
The SEC decision deadline for these proposed ETFs ranges from the end of May to early August.
Source: Shutterstock
U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote 📜
U.S. House Representative Patrick McHenry plans to bring a bill on crypto market structure to a floor vote.
McHenry believes that the U.S. needs to establish a clear regulatory framework to compete with other countries in the crypto space.
The bill will address issues such as digital asset custody, token offerings, and the classification of cryptocurrencies.
Rep. Patrick McHenry, House of Representatives (Source: Jesse Hamilton/CoinDesk)
The Wildest Details From FTX’s $15bn Bankruptcy Plan ⚖️
FTX has released a plan to repay creditors, with customers expected to receive between $14.5 billion and $16.3 billion.
FTX owed customers and creditors around $11.2 billion when it filed for bankruptcy.
Only 21% of FTX's customers were based in the US, with US customers owed $168 million.
How Trump Became a Crypto Bro After Years of Flirting with the Industry 💸
Former President Donald Trump recently expressed support for cryptocurrency during a speech at Mar-a-Lago.
Trump announced that his campaign will accept crypto donations.
The crypto community prefers Trump to Biden, 45% to 43%, according to a recent poll by investment firm Paradigm.
Source: DL News
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