Ethereum ETF Odds Jump

Alpha Team
May 20, 2024

📈 Ethereum ETF Approval Odds Rise

Approval Odds Increase: The chances for Ethereum ETF approval surged from 25% to 75%, Bloomberg reports. This significant jump reflects increased confidence in the market, potentially influencing investor behavior and market dynamics.

SEC Requests Updates: The SEC has asked exchanges to update their 19b-4 filings for spot Ethereum ETFs. This request aims to ensure compliance and transparency, marking a step forward in the regulatory process for cryptocurrency ETFs.

Potential Market Impact: Analysts predict that the approval of an Ethereum ETF could lead to increased investment and market activity. Investors are advised to stay informed and consider potential impacts on their portfolios. Read More.

️ On today's Top Picks:

👋 Grayscale CEO Michael Sonnenshein resigns.
🗡️ LayerZero sybil bounty hunting begins.
🟢 Nvidia $NVDA Q1 2024 earnings on Wednesday.
🔓 Avalanche $AVAX token unlock worth ~$340M.

Read time: ⏰ 5 minutes

Crypto News

• ⭐️ Ethereum ETF approval odds increase to 75% from 25% according to Bloomberg ETF analysts.

• ⭐️ Grayscale CEO Michael Sonnenshein resigns; Peter Mintzberg to assume role.

• pump[.]fun hacker reportedly arrested & charged in the United Kindom.

• Genesis Global to return $3B to customers in bankruptcy liquidation.

• GnosisDAO $GNO proposes $30M buyback program over six-month period.

Alpha

• Reya Initial Trading Event (ITE) begins May 21st.

• Relay Protocol adds support for Linea.

• DeBank launches Credit, a system to measure authenticity, activity, & value of Web3 users.

• FarQuest launches FarSchool Season 5.

Airdrops

• ⭐️ LayerZero sybil self-report phase ends as sybil bounty hunting begins.

• Bryan Pellegrino releases Request For Investigation form for appeals.

• Aevo $AEVO unveils Aevo Airdrops program pre-launch traders & stakers.

• NuLink launches $NLK Airdrop Epoch 1 claims.

• Thetanuts Finance launches $NUTS Season 1 Airdrop.

• ICYMI DeBridge Airdrop Strategy by Earndrop.

Finance News

• BlackRock $BLK whistleblower sues for $20M after firing.

• ⭐️ Nvidia $NVDA to report Q1 2024 earnings on May 22nd.

• Exxon $XOM 12 director nominees voted against by CalPERS.

Security and Exploits

• SlowMist Weekly Security Report highlights ~$28M in losses.

• Revoke[.]cash adds support for Build On Bitcoin (BOB).

• Cyber Criminals abuse GitHub & FileZilla to deliver malware.

• Grandoreiro Banking Trojan returns targeting 1.5K+ banks in 60+ countries.

Token Unlocks

⭐️• Avalanche / 9.54M $AVAX / ~$340M / MAY 22
• Space ID / 18.49M $ID / ~$14M / MAY 24
• Euler / 64.08K $EUL / ~$354K / May 24
• Acala / 4.66M $ACA / ~$479K / MAY 25
• Nym / 25M $NYM / ~$4M / MAY 27
• Yield Guild Games / 18.69M $YGG / ~$14M / MAY 27

Funding

• Bitlayer, a Bitcoin security-equivalent Layer 2; raises an undisclosed amount in funding from OKX Ventures.

• Pencils Protocol, an auction platform & yield aggregator on Scroll; raises an undisclosed amount in funding from OKX Ventures.

The Degen Farmer

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