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JPMorgan predicts eventual SEC approval for spot Ethereum ETFs.The SEC is currently soliciting comments for a handful of spot ETH ETF applications.
Most of the crypto market is in the red on a weekly scale, with DOGE, SHIB, ADA, and AVAX plummeting by double digits.
Bitcoin gained on Friday alongside major equity indices after robust jobs data signaled strength in the U.S. economy.However, the March figures could lead investors to adjust their bets regarding the timing of the U.S. Federal Reserve’s first rate cut of 2024.
A SushiSwap governance proposal aims to transfer DAO treasury assets to a new entity called Sushi Labs. The move aims to accelerate protocol development, according to SushiSwap.
Uniswap Labs announced trading volume for its protocol has surpassed $2 trillion. The most popular decentralized exchange, or DEX, in terms of trading volume, has continued to be one of Ethereum’s most dominant DeFi applications since being founded in 2018.
- 04:01Blockstream Co-founder: Quantum computing will enhance Bitcoin signatures, making its network strongerBlockstream co-founder and CEO, inventor of Hashcash, and renowned cryptographer Adam Back stated that quantum computing could potentially make the Bitcoin network stronger. Industry insiders have previously expressed concerns that due to advancements in quantum physics, quantum computing can execute computational processes at unprecedented speeds, which may disrupt encryption algorithms in the future. Back posted on X stating: "Post-quantum (PQ) will take at least several decades," which is why hash-based PQ schemes are never feasible: "PQ signature research will eventually produce conservative, thoroughly reviewed, more compact signatures. Bitcoin can consider these schemes as another option."
- 03:59HSBC Bank: Still expects the Federal Reserve to cut interest rates by 75 basis points in 2025HSBC Bank stated that it still expects the Federal Reserve to cut interest rates by 75 basis points in 2025.
- 03:58The Ethereum ETF had a net inflow of 62.73 million US dollars last weekAccording to SoSoValue data, last week's trading days (Eastern Time December 16th to December 20th) saw a net inflow of $62.73 million into Ethereum spot ETFs. Among them, Grayscale's Ethereum Trust ETFETHE had a weekly net outflow of $99.83 million, with the current historical net outflow for ETHE standing at $3.62 billion.
