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#AltcoinETFsPostponed The SEC has again deferred rulings on spot Ethereum ETF applications from BlackRock, Fidelity, and Grayscale, pushing deadlines to August 2024. Regulators cited the need for “additional public feedback” on market manipulation risks, custody solutions, and Ethereum’s regulatory classification. Chair Gary Gensler reiterated concerns about investor protection, emphasizing the SEC’s “methodical approach” amid debates over whether Ethereum qualifies as a security. This follows May 2024 delays, where the SEC requested exchanges to revise filings, signaling unresolved compliance issues. Altcoin ETF Proposals Stagnate Applications for Solana (SOL), XRP, and Cardano (ADA) ETFs remain in limbo. The SEC’s hesitancy stems from legal uncertainties, including Ripple’s ongoing lawsuit over XRP’s security status. Unlike Bitcoin, classified as a commodity by the CFTC, altcoins lack clear regulatory frameworks. Analysts now predict 2025 as the earliest window for non-ETH altcoin ETF approvals, contingent on political shifts or landmark legal rulings. Global Approvals Contrast U.S. Caution While the U.S. stalls, Canada and Brazil approved Ethereum futures ETFs in Q1 2024, and Hong Kong’s Securities and Futures Commission (SFC) launched Bitcoin and Ethereum ETFs in April, attracting $300M inflows. These approvals highlight diverging global strategies, with the EU’s MiCA regulations further pressuring the SEC to clarify its stance. Market Reactions: Volatility Meets Resilience ETH dipped 8% post-May delay but rebounded as institutional investors accumulated holdings. CME Group reported record ETH futures open interest ($9B), signaling sustained confidence. “Delays aren’t denials—they’re part of the process,” noted Bloomberg’s James Seyffart, drawing parallels to Bitcoin’s 7-year ETF journey. Behind the Delays: Surveillance and Custody Hurdles The SEC mandates surveillance-sharing agreements (SSAs) with regulated markets to deter fraud—a challenge for altcoins with less mature ecosystems.
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#Trump100Days DOMESTIC SHOCKWAVES Trump came in like a wrecking ball signing executive orders faster than headlines could keep up. ✍️ Travel ban 🧱 Border wall push 🗑️ Regulatory rollbacks Supporters cheered “action” while critics warned of chaos. Result? Major legal fights, protests in the streets, and a divided nation from Day 1. ⚖️ GOVERNMENT VS. THE OUTSIDER Trump tried to bulldoze D.C. like it was one of his hotels. ❌ Obamacare repeal? Blocked. 🌀 Staff turnover? Wild. 📰 Media? Fake News 🙀 battles daily.
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#AirdropStepByStep https://safu.im/d7mTlbVb Daily task complete & rewards
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#ArizonaBTCReserve Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin. 💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts! #AbuDhabiStablecoin Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin fully regulated by the UAE Central Bank. This move is part of a broader national strategy.
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#AbuDhabiStablecoin Digital Dirham: Unlocking Utility and Innovation Through Abu Dhabi’s Regulated Stablecoin Abu Dhabi’s new dirham-pegged stablecoin marks a major step in the UAE’s digital finance strategy. Built on a regulated blockchain and backed by the Central Bank, it offers fast, stable, and secure transactions while supporting innovations in e-commerce, cross-border payments, and AI-driven applications. Utilisation: Abu Dhabi’s new dirham-pegged stablecoin is set to have several practical uses that align with the UAE’s broader goals of financial innovation and digital transformation. One of the primary uses is in domestic and cross-border payments. It can facilitate fast, low-cost transactions within the UAE and across the GCC, providing a more efficient alternative to traditional banking systems, especially in sectors like remittances. In retail and e-commerce, the stablecoin could be used for everyday transactions, offering consumers and merchants a quick and stable method of payment that minimizes delays and transaction fees. Another significant use case is in smart contracts and decentralized finance (DeFi). Built on the ADI blockchain, the stablecoin could serve as a core component for financial applications that require automation and transparency. It also supports machine-to-machine payments, which are particularly relevant in the context of the Internet of Things (IoT), such as autonomous vehicles and smart infrastructure requiring microtransactions. Benefits: In terms of benefits, the stablecoin provides currency stability by being pegged to the UAE dirham. This reduces the volatility typically associated with cryptocurrencies, making it a more reliable tool for financial planning and business operations. Its full regulatory backing by the Central Bank of the UAE enhances user trust and positions it as a secure digital asset within a well-governed framework. Faster settlement times are another major advantage, as blockchain-based transactions can be completed in seconds, unlike traditional banking systems that may take days. This
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