SEC Confirms Ethereum\'s Spot ETF Trading to Start Next Week, Cryptocurrency Enthusiasts Are Excited

This announcement has pushed Ethereum's worth up by 6%, reaching $3,470. Litecoin (LTC) can also be within the highlight as bullish developments drive its worth increased

The SEC has reportedly given the inexperienced gentle to Ethereum spot ETF issuers to start buying and selling subsequent week. This follows the SEC’s partial approval of a number of Ethereum spot ETF functions in Could 2024.

Sources report that at the least three Ethereum spot ETFs will begin buying and selling on July 23. This information has boosted Ethereum’s worth to $3,470, marking a 6% improve prior to now 24 hours.

This notable restoration from latest lows displays the market’s optimistic response to the upcoming ETF launch.

Litecoin (LTC) can also be experiencing elevated market curiosity. Analysts predict a considerable bull run for LTC, pushed by renewed investor enthusiasm. Litecoin’s worth has just lately damaged by a big resistance degree, indicating the beginning of a brand new upward pattern.

Technical indicators just like the RSI and MACD assist this bullish perspective, suggesting that Litecoin might quickly attain a three-digit worth. Nevertheless, buyers are cautiously monitoring whether or not this optimistic sentiment will persist.

BlockDAG Introduces UFC Champion Alex Pereira as Model Ambassador

BlockDAG has made a significant transfer in direction of crypto prominence by saying UFC champion Alex Pereira as their new Model Ambassador. This announcement, broadly shared on their web site and social media, has been met with enthusiastic responses from the crypto neighborhood.

The BlockDAG staff expressed their pleasure, stating, “We’re thrilled to announce a brand new chapter for BlockDAG Community. We now have joined forces with UFC star Alex Pereira, marking a historic milestone in our mission to revolutionise the blockchain business. Alex Pereira’s spirit of athletic excellence, willpower, and perseverance aligns completely with our targets.”

Alex Pereira, famend for his excellence and perseverance within the UFC, brings a brand new degree of status to BlockDAG. His partnership with BlockDAG highlights the corporate’s dedication to innovation and excellence within the blockchain sector.

Alongside this announcement, BlockDAG launched a CGI video titled “On its solution to number one,” symbolizing their fast progress and bold enlargement plans. The video showcases BlockDAG’s superior expertise and imaginative and prescient, resonating with their world viewers.

Emphasizing BlockDAG’s potential to surpass different established cryptocurrencies, the video highlights their transaction processing pace of 10,000-15,000 transactions per second (TPS), coupled with low charges and near-instant confirmations.

These strategic strikes have sparked important pleasure amongst buyers, resulting in a surge in curiosity. BlockDAG’s presale has seen exceptional progress, with a 1400% improve from Batch 1 to Batch 20. At present priced at $0.015, BlockDAG has raised $59.6 million in presale funds and over $3.9 million from miner gross sales.

This robust monetary backing underscores buyers’ confidence in BlockDAG’s potential, positioning it as a number one contender within the cryptocurrency market.

The above is the detailed content of SEC Confirms Ethereum\'s Spot ETF Trading to Start Next Week, Cryptocurrency Enthusiasts Are Excited. For more information, please follow other related articles on the PHP Chinese website!