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In a market reeling from a bout of risk aversion, cryptocurrencies faced significant declines today. For instance, Bitcoin plummeted over 16%, trading at $52,680 after an 11% drop, marking the steepest fall since the FTX exchange collapse. Similarly, Ether suffered, shedding over a fifth of its value before stabilizing at $2,342, its worst drop since 2021. Moreover, these declines are part of a broader global stock selloff fueled by concerns over the economic outlook. Additionally, geopolitical tensions in the Middle East and skepticism about heavy investments in artificial intelligence contribute to the market’s unease. Despite the turmoil, some investors view this as a buying opportunity. They believe that the prospect of a less restrictive monetary policy could be beneficial for crypto. Biggest Crypto Gainers Today – Top List In a sea of market turmoil, a few tokens are standing out and grabbing attention. Fasttoken is creating a buzz with its unique Proof of Stake an...

Bloomberg ETF analysts are moving up their expected Spot Ether ETF launch date to July 2nd, according to analyst Eric Balchunas. Following reports of the SEC staff giving S-1 responses to ETF issuers, Balchunas doesn’t expect the approval to face significant delays. JUST IN: Spot Ethereum ETF projected to launch by July 2nd, Bloomberg ETF analyst says. — Watcher.Guru (@WatcherGuru) June 14, 2024 According to Balchunas, the SEC’s comments on S-1s are “pretty light,” and “nothing major.” The analyst says the SEC is asking for the S-1 form revisions to be returned in a week. Furthermore, the ETF analyst says there is a “Decent chance they work to declare them effective the next week.” The SEC reportedly can finalize the approvals before the Independence Day holiday weekend, however, “anything is possible.” This is a much sooner expectation than recently predicted by the SEC chair, Gary Gensler. Earlier thi...