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Ethereum traded at $3,740 as of 4:00 p.m. ET (20:00 UTC) on May 24, a 1.76% increase in the past day. The trend suggests that spot Ethereum ETF optimism is continuing to buoy ether, which defied the broader crypto market downturn yesterday.
Jian Wen was sentenced to six years and eight months in jail for laundering 150 BTC tied to a $5.6 billion investment fraud.
Kabosu, the face of dogecoin, passed away earlier this morning at an estimated age of 18, its owner said.About $2.8 billion worth of doge has been traded over the past 24 hours.
Trading of spot ETH ETFs is expected to begin well before November, according to JPMorgan analysts.The analysts also shared their view on the crypto FIT 21 bill, saying its chances of passing the Senate are lower.
Bitcoin’s price briefly surpassed the $70,000 threshold; however, it quickly fell by 3.5% to around $67,000.The past day’s price fluctuations resulted in a spike in long crypto positions getting liquidated on centralized exchanges.Ether reached a new monthly peak of $3,937 before retracing to $3,710 at the time of writing.
- 23:28The trend of slow and steady bond selling in the United States may continueGolden Finance reports that UBS Group strategist Bhanu Baweja and others have stated that the sale of US bonds since September has been characterized by a "slow and steady" nature, which should "cause concern for bond bulls". "Volatility remains low, although there are concerns, there is no panic," they wrote in the report. They warned that "the slow oscillating nature of the sell-off could mean it may continue."
- 23:01Bloomberg Analyst: Litecoin ETF Has Fulfilled All Conditions, May Become First Torrent ETF in 2025Eric Balchunas, Senior ETF Analyst at Bloomberg, said in a social media post, “The Litecoin ETF has now met all the conditions and the countdown is on for the first Walled Coin ETF in 2025. I don't see any reason to withdraw the application, especially since the SEC has commented on the S-1 filing, Litecoin is considered a commodity, and the SEC has new leadership.”
- 23:0197.3% probability that the Fed will leave interest rates unchanged in JanuaryAccording to the CME “Fed Watch”, the probability that the Fed will keep interest rates unchanged in January is 97.3%, and the probability of cutting rates by 25 basis points is 2.7%. The probability of keeping the current interest rate unchanged in March is 70.1%, the probability of a cumulative 25 basis point cut is 29.2%, and the probability of a cumulative 50 basis point cut is 0.7%.