Happy Friday!

The global crypto market cap is $2.54 trillion, with a 24-hour volume of $125.78 billion. The price of Bitcoin is $68,257.07, and BTC market dominance is 53.0%. The price of Ethereum is $3,720.63, and ETH market dominance is 17.6%. The best-performing sector is Education, which gained 8%. The Crypto Fear & Greed Index is currently Greed (74).

📰 Top News

JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains

JPMorgan said crypto has become "an increasingly political issue ahead of the 2024 US presidential election."

👀 Metric of The Day

The circulating supply of Tether (USDT) has reached an all-time high

Tether (USDT) is nearing a circulating supply of $112 billion, representing the total amount of all coins ever created and issued.

Ethereum ETF approval will set stage for Solana ETF, commodity classification

Industry experts, including Bernstein, believe Ethereum securing spot ETF approval will pave the path for Solana ETFs and commodity classification.

SEC approves Ethereum ETFs, aligning ETH closer to commodity in industry win

Ethereum's commodity classification gains ground with SEC's landmark ETF approval, boosting investor interest.

Bipartisan push for Ethereum ETF gains momentum in Congress

Lawmakers argued that approving the spot Ethereum ETFs would demonstrate regulatory consistency.

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📈 Latest Insights

• Bitcoin’s second best start to a halving cycle

• Bitcoin, Ethereum ETFs stand alone as SEC unlikely to approve non-CME futures listed digital assets

• BlackRock’s IBIT inches closer, trails GBTC by just 4,561 BTC

• Market volatility triggers $1 billion worth of Bitcoin sent to exchanges at a loss by short-term holders

🗞️ More News

• US court rules crypto influencer conducted unregistered offering of crypto asset securities

• Congress passes bill banning Federal Reserve from creating a CBDC

• No vote needed for SEC approval of Ethereum ETF in positive sign for other cryptocurrencies

• Supreme Court denies Coinbase’s request to compel arbitration in Dogecoin sweepstakes dispute

• Why staking was removed from Ethereum ETFs to get SEC approval

📖 Latest Market Report

How the SEC’s SAB 121 repeal paves the way for balanced crypto regulation

CryptoSlate's latest report dives deep into the practical realities of SAB 121's repeal, examining its implications for the crypto industry and exploring the path forward for regulatory oversight.