Spot Ethereum ETF unlikely in May; Bitcoin, Ethereum futures funding rates high.

Ritu13

According to Bloomberg ETF analyst James Seyffart, the probability of a spot Ethereum ETF being approved in May has become increasingly slim. He mentioned that US regulatory agencies seem to lack contact with potential issuers regarding these products. He now believes that these products will ultimately be rejected on May 23rd. Seyffart and his colleague Eric Balchunas previously estimated the approval probability for May to be 35%.

The U.S. Securities and Exchange Commission (SEC) has previously delayed its decision on spot Ethereum exchange-traded funds but must make a decision by May 23rd, as it is the final deadline for one of the applicants.

Report: Despite the decline in spot prices, Bitcoin and Ethereum perpetual futures funding rates remain high

QCP Capital Market's report stated that despite the decline in spot prices, the funding rates for Bitcoin and Ethereum perpetual futures remain high, indicating that speculators are still leveraging long positions on dips. Some analysts believe that the current funding rates indicate that these assets still have greater downside potential.

Market:
As of the time of writing, according to data from CoinMarketCap:

- BTC recent transaction price is $62,189.4, with a daily change of -2.97%;
- ETH recent transaction price is $3,173.79, with a daily change of -3.84%;
- BNB recent transaction price is $510.7, with a daily change of -3.07%;
- ORDI recent transaction price is $58.152, with a daily change of -5.56%;
- DOGE recent transaction price is $0.1284, with a daily change of -4.23%;
- SOL recent transaction price is $172.43, with a daily change of -5.93%.

Policy:
- Dutch authorities charge Alexey Pertsev with assisting money laundering of $1.2 billion through Tornado Cash.
- Israel sees transparency as a key benefit of ZF bond tokenization.
- The SEC delays decisions on Hashdex and Ark 21Shares Ethereum ETFs.

Blockchain Applications:
- Aleph Zero releases the Zahir testnet.
- Polygon's sponsorship of Starbucks to enter the crypto field ends in failure.
- Bitcoin spot ETFs experience large net outflows recently, and blockchain concept stocks all fall.

Economic Dynamics:
- The Fed's probability of holding steady tomorrow morning is 99%.
- U.S. stocks close with blockchain concept stocks generally falling.
- The advantages of no-code blockchain development over traditional methods.

(Note: Some parts of the translation may be paraphrased for clarity and brevity.)

Yamini003

Bitcoin spot ETFs have seen significant net outflows in recent days.

Pooja193

High interest rates can also be quite profitable.

Nimmi373

Analysts and such, I dare not believe.

Kalkin995

Various games are also worth taking a look at and learning from.