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The ETH ETFs Era
Published on May 24, 2024
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Sponsor: ORAORA is Ethereum’s Trustless AI, bringing Onchain AI to life.

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NEED TO KNOW
RIP Sweet Doge
  1. 😭 Kabosu passes. The beloved Shiba Inu who inspired the Doge meme just passed away at age 18—may her joyful legacy live on.
    Read more on Bankless.com
  2. 🛑 EF eyes new policy. The Ethereum Foundation is expediting a new policy on potential conflicts of interest in light of recent advisorships.
    Read more on Bankless.com
  3. ⚖️ Coinbase seeks an appeal. The crypto exchange giant is doubling down on appealing a judge's ruling on investment contracts in its ongoing case vs. the SEC.
    Read more on Bankless.com
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TODAY IN MARKETS
Bearish Unlock
Bankless Author: Jack Inabinet

🐻 Selling the news. Ethereum’s spot ETFs took a major step toward trading yesterday after listing exchanges received “delegated approval” for their 19b-4 applications. Why is the ETH price now sliding?

Prices as of 3pm ET 24hr 7d
Crypto $2.55t ↗ 0.4% ↗ 5.4%
BTC $68,989.12 ↗ 2.5% ↗ 3.3%
ETH $3,736.19 ↘ -0.8% ↗ 21.3%
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ANALYSIS
Understanding the ETH ETF Approvals
Bankless Author: Jack Inabinet

Just last week, you would have been hard-pressed to find anyone bullish on the probability of spot ETH ETF approvals.

Then, yesterday what many thought was impossible finally arrived: news wires reported that the SEC OK'd all proposed spot ETH ETFs before it.

Let's explore the impact of this historic news on ETH and the broader crypto regulatory landscape! 👇


FRIEND & SPONSOR: ORA

ORA is Ethereum's Trustless AI. ORA's Onchain AI Oracle brings Llama 3, Stable Diffusion, and OpenLM models onchain. You can start to earn ORA Points for using onchain AI at ora.io/app/tasks. Follow @ORAProtocol on X for the latest Onchain AI updates, hackathons, and rewards.

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EARLY ACCESS
The Stablecoin Threat?

Time to dig into the big questions surrounding stablecoins and their national security implications.

Joining us on the pod is Timothy Massad, former CFTC Chair and the key figure behind designating Bitcoin as a commodity over a decade ago. We talk stablecoins, how they compare to eurodollars, sensible crypto policies, and more.

Bankless Citizens get Early Access to our Monday Podcast and an exclusive Debrief of the episode 👇

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