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Cryptocurrencies Price Prediction: Ethereum, SEC & Cryptos – American Wrap 05 June

Cryptocurrencies Price Prediction: Ethereum, SEC & Cryptos – American Wrap 05 June
FXStreet TeamFXStreet TeamFXStreet

Ethereum open interest surges by 50%, SEC Chair highlights potential delay of ETH ETFs

Ethereum (ETH) price hovered around $3,860 on Wednesday following Securities & Exchange Commission (SEC) Chair Gary Gensler expressing his opinion that the launch of spot ETH ETFs may be delayed. Meanwhile, Ethereum derivatives products on exchanges have seen a surge in open interest (OI).
ETH New Accumulation
Following the recent craze surrounding celebrity meme coins, Ethereum co-founder Vitalik Buterin highlighted approaches he believed would be safer when launching these tokens. This follows a post suggesting rapper Iggy Azalea's MOTHER token may be showing potential amid criticism surrounding other celebrity meme tokens.
 
Tether CEO Paolo Ardoino and CoinGecko co-founder Bobby Ong warned the crypto community on Wednesday that a popular email vendor used by several crypto companies may have been compromised. As a result, they said users must exercise caution not to fall victim to phishing scams and fake airdrop launches.
 
 

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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