⚡️Hong Kong may approve spot #ETF to #ETH following bitcoin's lead

A decision is expected as early as Monday, April 15.

Is Asia charging full steam ahead? 🧐

#News

⚡️#BTC dropped by 100%

This happened yesterday on CNBC due to a technical error. The broken chart for Bitcoin also showed a "drop" for #ETH and #SOL

We hope we didn't scare anyone with this news ✋

📣 #Opinion

Ali Martinez believes that if the #ETH decline continues, it is worth keeping an eye on the critical support zone between $2,000 and $2,420, as around 9.37 million addresses have bought nearly 53 million ETH in this range

What do you think about Vitalik's project? Is it tied to Bitcoin like the rest of the crypto or can we expect independent behavior? 🤔

🔹 #Ethereum blockchain generated a profit of $369 million in the first quarter of 2024

Blockchains generate revenue through transaction fees, network validator rewards, and direct earnings for #ETH holders.

Question: With such profit, why is Vitalik still flying economy without luggage? 🤔

#Analytics #Ethereum

🔷 After a decline within a descending correctional trend, the price of the #ETH/USDT coin found support in the range of levels 2817 - 2921, where the technical analysis pattern "Head and Shoulders" was formed, which can be considered as a signal for a trend change to bullish.

📈 The nearest resistance is in the range of levels 3005 - 3037. Breaking this level will confirm the signal for the beginning of price growth with the nearest targets in the range of 3140 - 3215.

⚠️ Spam transactions allowed stealing $68 million

Spam transactions are a scheme where scammers send you small amounts from addresses similar to yours. Often, they have matching beginnings and endings of your wallet address, which allows them to capitalize on carelessness. Users sometimes hastily copy the address of the last transaction, which is the scammer's address.

A few hours ago, someone lost 1 155 WBTC—wrapped #BTC for use on the #ETH blockchain—using this scheme.

Have you encountered similar attacks? 💩

📌 CoinShares has prepared a report on crypto financial flows for the past week:

#BTC - investment outflow of $284 million.

#ETH - inflow of $30 million.

Inflows were also noted for many altcoins. The most significant ones were:

#AVAX - $0.5 million.
#ADA - $0.4 million.
#DOT - $0.3 million.

📌 KickEX Opinion:

Negative sentiments among traders continue to be fueled by news regarding cryptocurrency regulation.

For example, we can mention the statement by CFTC Chairman Rostin Benham about new sanctions against professional participants in the cryptocurrency market.

Also recently, investors received news of a possible SEC lawsuit against Robinhood for violating securities market laws, in the form of a "Wells notice" notification.

Taking into account the past year and the stories of legal proceedings by US securities market regulators against Binance, Coinbase, Kraken, the news of new cases does not instill confidence in buying cryptocurrencies.

However, on the other hand, the launch of trading in cryptocurrency investment products in Hong Kong has slightly smoothed out the negativity and has not caused quotes to plummet even further, with an inflow of around $307 million.

⚡️ Head of #SEC Gary Gensler gave an interview. Here are the key points:

🌐 We oversee a capital market of $110 trillion. #Cryptocurrency is just a small part of this market, but it comes with many issues and fraud.

📣 The media pays too much attention to the cryptocurrency market, although it is very small compared to other segments.

📈 A large number of tokens are securities.

⚙️ Approval of #ETF #ETH is being considered.