Published on juli 14, 2024, 12:25 am
Image source: Fox News
```json [ "ETFs for Ethereum by VanEck and 21Shares expected to launch in July, showing rising interest in crypto investments.", "Lionel Messi endorses WaterCoin, a Solana-based memecoin focusing on water conservation, cautioning investors about high risks with memecoins.", "Bitcoin transfer fee hits a low of $38.69 while hashrate drawdown raises concerns in mining operations.", "Goldman Sachs plans to introduce tokenized products for US and European markets, emphasizing real-world asset trading for institutions.", "Christy Goldsmith Romero supports banks offering crypto custody services during nomination hearing for chair of FDIC.", "Cryptocurrency prices: BTC at $58,192, ETH at $3,132, XRP at $0.46; altcoins NOT surged by 45.33% as top gainer and WIF dropped by -19.71% as top loser.", "Investors should track trends through reliable sources like Cointelegraph for market analysis insights." ] ```
Asset managers VanEck and 21Shares have updated their S-1 forms for the potential Ether exchange-traded funds (ETFs) they are planning with the US Securities and Exchange Commission on July 8. Although no specific launch date was provided in the amended filings, experts believe that the Ethereum ETFs might be launched in July. This move indicates a growing interest in cryptocurrency investments.
In another development, soccer superstar Lionel Messi created a buzz by endorsing WaterCoin on his Instagram stories. WaterCoin, a Solana-based memecoin, positions itself as a charity initiative dedicated to water conservation and related concerns, with aspirations of evolving into an ecological coin. Investors are reminded that memecoins can be high-risk investments and thorough research is recommended before committing funds.
The average transfer fee for Bitcoin plummeted to lows last seen in 2020 on July 7 at $38.69. This metric is calculated by dividing miner profits by the total number of successfully processed transactions recorded on the blockchain. Simultaneously, data from CryptoQuant indicates that the Bitcoin hashrate drawdown hit levels not seen since December 2022 in July, suggesting challenges within mining operations.
Goldman Sachs is gearing up to introduce three tokenized products this year targeted at the US and European markets. The global head of digital assets at Goldman Sachs, Matthew McDermot, revealed plans to establish a market tailored for institutional trading of tokenized real-world assets (RWA), although detailed information remains scarce. The venture reflects Goldman Sachs’ interest in participating in the expanding RWA tokenization landscape in America.
During a recent nomination hearing on July 11, Christy Goldsmith Romero, nominee for chair of the Federal Deposit Insurance Corporation (FDIC), expressed support for banks to offer crypto custody services. Her statement was prompted by a query from Senator Cynthia Lummis during the Senate Committee on Banking’s deliberations involving nominations to various federal regulatory roles.
As of now, Bitcoin (BTC) is valued at $58,192 with Ether (ETH) at $3,132 and XRP at $0.46 marking figures for the end of the week according to CoinMarketCap data. Among alternative cryptocurrencies (altcoins), Notcoin (NOT) surged by 45.33%, accompanied by Mantra (OM) rising by 37.23% and Celestia (TIA) increasing by 30.36% during the week as top gainers while Dogwifhat (WIF) dropped by -19.71%, Brett (Based) (BRETT) declined by -9.33%, and Flare (FLR) decreased by -7.33% ranking as top losers.
In addition to these updates, it’s essential for investors to stay informed about cryptocurrency trends and prices by following reputable sources like Cointelegraph’s market analysis reports for timely insights into this dynamic industry’s fluctuations.
Original article posted by Fox News
