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#etherium The chair of the U.S. Securities. and Exchange Commission (SEC), Gary Gensler, refused to be drawn on whether the regulator considers Ethereum to be a security—even as the SEC considers multiple applications for spot Ethereum ETFs.
Speaking on Bloomberg TV, Gensler said he would "defer on that, question," when pressed on whether the regulator viewed Ethereum as a security.
"On any one of these crypto tokens, it's about the facts and circumstances as to whether the investing public is anticipating a profit based on the efforts of others," he said. "We do have filings in front of us. I'm not going to comment."
The SEC's position on Ethereum has become a pressing one, as it deals with multiple applications for a U.S. spot Ethereum ETF. Just this week, the regulator again delayed its decision on whether to approve the iShares Ethereum Trust from investment giant BlackRock, after having delayed spot Ethereum ETF applications from Fidelity, Invesco, and Galaxy Digital
NEAR Skyrockets 40% As Founder Takes Stage At Nvidia-Led AI Seminar #NEAR In the world of generative artificial intelligence (AI) data center processors, the close of 2023 was like the final seconds before a three-way shoot-out in an old time western with the gunfighters showing up on Main Street a few seconds before high noon. In this case, “high noon” is January 1, 2024, and the “final seconds” was a two week span in the first half of December 2023 when Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) all announced the launch of next generation AI solutions. Just like gunfighters before the shooting begins, there was a lot of excitement, stare downs and a healthy dose of flexing as they set the stage for an epic generative AI shoot-out in 2024.
Wormhole Unveils Airdrop Details—Here's What You Need to Know #wormhole Cross-chain protocol Wormhole has announced more details about the upcoming launch and airdrop for its W governance token. Users across Ethereum, Solana, and numerous other blockchains, along with certain community projects, can claim it.
Ultimately, the airdrop will be offered to nearly 400,000 unique wallets across its “community and launch” category, with 617.3 million W tokens allocated for those users.
Of that total, 500 million tokens will be handed out to crypto users who have utilized a Wormhole application across more than 30 eligible chains, with the remainder offered to users across other applications and crypto communities.
Wormhole launched an airdrop eligibility checker for users to see if their wallet(s) are eligible for the impending drop. No date for the airdrop claim has been announced. W is a cross-chain token that will be available as both a native Solana SPL20 token and an Ethereum ERC-20 token and will be available across those chains along with Base, Arbitrum, and Optimism.
Fed's Powell still expects rate cuts, but inflation prgrs "not. #EFT WASHINGTON, March 6 (Reuters) - U.S. Federal Reserve Chair Jerome Powell, avoiding disputes over fiscal policy, energy, housing, Ukraine and other tangled issues, told U.S. lawmakers on Wednesday he and his colleagues would “keep our heads down” in a charged presidential election year, with interest rate cuts still likely in coming months but only if warranted by further evidence of falling inflation. Rate cuts "really will depend on the path of the economy. Our focus is on maximum employment and price stability, and the incoming data as they affect the outlook, and those are the things we'll be looking at," Powell told the House Financial Services Committee. "We are just going to keep our heads down and do our jobs and try to deliver what the public is expecting from us." Powell in his prepared remarks to the House panel said rate reductions will "likely be appropriate" later this year, "if the economy evolves broadly as expected" and once officials gain more confidence in inflation's steady decline. Though nothing is guaranteed and progress on inflation "is not assured," Powell said, he regarded the economy as clear of immediate recession risks, with a low 3.7% unemployment rate and broad growth likely to continue, and an expectation that inflation will remain in decline. "That's the economy that we're trying to achieve. We're on a good path so far to be able to get there," Powell said. But the coming decision of when and how far to reduce the benchmark interest rate is both complex in an economy that is showing signs of continued disinflation but also unexpected strength, and consequential in the upcoming rematch between incumbent President Joe Biden, a Democrat, and Republican former President Donald Trump
al conspt tokens surge, led by NEAR, FET, RNDR, and NMT, following NVIDIA GTC24 news where crypto founders will speak
Giant chipmaker Nvidia (NVDA) beat its already lofty fourth-quarter earnings expectations, boosting the broader equity markets and artificial intelligence (AI) - related tokens. Nvidia said on Wednesday that its fourth-quarter earnings per share were $5.16, beating the average analyst estimate of $4.59 per share, according to FactSet data. The chipmaker also posted revenue of $22.1 billion, which came in higher than Wall Street's expectation of $20.4 billion. AI Tokens surged after Nvidia's earnings. SingularityNet (AGIX) was up over 20%, while FetchAI's (FET) is up over 10%, and Render's (RNDR) is up 8%. The overall marketcap of AI tokens has surpassed $16.5 billion, according to CoinGecko data. In comparison, #CoinDesk 20 (CD20), a benchmark for the biggest and the most liquid cryptocurrencies, is down 2.7%.
“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said Jensen Huang, founder and CEO of NVIDIA.
Nvidia also forecast first-quarter revenue of $24 billion, beating analysts' estimate of $22.2 billion.
#Launchpool #Aevo #Launchpoolreward #What is Aevo, the 48th Project on Binance Launchpool Aevo emerges as a noteworthy addition to the decentralized finance (DeFi) landscape, distinguishing itself as a high-performance derivatives exchange focusing primarily on options and perpetual contracts.
Unlike its centralized counterparts, Aevo leverages blockchain technology to facilitate a trading environment that’s not only secure but also transparent and efficient.
The Fundamentals of Aevo At its core, Aevo operates as a decentralized derivatives exchange (DEX) that emphasizes options trading and perpetual contracts, commonly referred to as “perpetuals.” It’s designed to operate within the blockchain ecosystem, providing a stark contrast to centralized exchanges by offering enhanced security measures and transparency.
Key Characteristics of Aevo: Focus: Specialization in options and perpetuals trading. Technology: Utilization of a custom EVM (Ethereum Virtual Machine) roll-up that integrates with Ethereum, enhancing scalability and performance. Order Book: Maintenance of an off-chain order book, facilitating swift order matching. Settlement: Execution of on-chain settlements using smart contracts to ensure the immutability and transparency of transactions. Max Token Supply: Capped at 1 billion AEVO tokens, reflecting a carefully planned economic model. Highlighted Features and Recent Developments Aevo introduces several innovative features that cater to the needs of the modern trader. One of the platform’s standout features is its combined margin account, which supports options, perpetuals, and a variety of other financial instruments within a unified account structure.
#BTC Bitcoin’s $69K ATH Test Leads to Massive Rollercoaster but What’s Next? (BTC Price Analysis)
Mar 6, 202418:38 GMT+1
BTCEUR+5.07%BTCGBP+5.10%
Bitcoin has achieved a significant milestone by reaching its all-time high of $69K after 847 days, reflecting a notable surge in confidence within the cryptocurrency market.
However, this achievement is accompanied by expectations of heightened volatility in the mid-term, leading to the liquidation of numerous futures market positions. Technical Analysis
By Shayan The Daily Chart
A detailed examination of the daily chart highlights Bitcoin’s impressive rally, driven by increased demand and significant capital inflows into spot Bitcoin ETFs, including notable participation from Blackrock. This surge has propelled the price past several critical resistance levels, culminating in Bitcoin’s historical high of $69K.
Despite this upward momentum, the $69K price region presents a significant resistance area characterized by a notable supply overhang, primarily from futures market short positions. This dynamic has contributed to increased volatility, resulting in a 7% decline in price. Additionally, as profit-taking ensues, heightened selling pressure may trigger a temporary phase of consolidation correction.
In the event of a retracement, Bitcoin’s primary support targets on the daily chart lie within the $53K to $49K range. Nonetheless, the broader outlook remains bullish, with Bitcoin eyeing the psychologically significant $100K price region.The 4-Hour Chart
A closer inspection of the 4-hour chart confirms Bitcoin’s bullish momentum, culminating in attaining the $69K all-time high. This surge underscores investor confidence, driving heightened demand for the cryptocurrency. health