ETH Is Ready
Published on May 23, 2024
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NEED TO KNOW
L2s Are Shards
  1. ✍️ Vitalik's new post. The Ethereum creator published an analysis on how L2s and sharding are more similar than many think.
    Read more on Bankless.com
  2. 🙈 Gensler still sees securities everywhere. The SEC Chair made new comments today ahead of the Commission's spot ETH ETF decisions.
    Read more on Bankless.com
  3. 🚫 House blocks CBDC work. The lower house of U.S. Congress just voted to block the Fed from issuing a CBDC.
    Read more on Bankless.com
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TODAY IN MARKETS
Looming ETH ETF Deadline
Bankless Author: Jack Inabinet

The moment of truth. Ethereum’s first final spot ETF approval deadline is today, but many crypto assets have dipped into the red ahead of this monumental decision. Was there anything to be gleaned from the early morning price action, and where does ETH go from here?

Prices as of 1pm ET 24hr 7d
Crypto $2.54t ↘ 1.6% ↗ 7.6%
BTC $68,087.04 ↘ 3.0% ↗ 4.2%
ETH $3,805.16 ↗ 1.5% ↗ 29.1%
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ANALYSIS
ETH Is Ready for Institutional Adoption
Bankless Author: Arjun Chand

There’s been a huge shift in sentiment around ETH. It’s like the market is tipping its hand, suggesting that the approval of ETH ETF is a question of "when" rather than "if."

That said, the institutions are preparing to buy our ETH bags. Today’s article breaks down the fundamental reasons why ETH is primed for institutional adoption. 

Let’s dive in!👇


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