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Ethereum, Bitcoin close big week up

Ethereum, Bitcoin close big week up

What's good for number two is good for number one.

Ryan Ozawa
May 25, 2024

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📝 What you need to know

Anticipation was high for the SEC’s decision on spot Ethereum ETFs, and more than enough to lift the price of ETH 20% for the week to $3,747 this morning—even if most of those gains came before the big news broke. Now that ETH made the SEC cut, is the runway clear for all other tokenized assets?

Meanwhile, Bitcoin followed suit—a bit—peaking over $69,000 before settling again, still up more than 3% over the past 7 days… and BTC whales are also back and bullish.

This Week in Coins: Ethereum ETFs Get the Green Light, Dogecoin Jumps on Elon Musk Tweet

From an about-face at the SEC to famous dog tributes, a lot of unexpected things happened this week, but the markets were into it.

Bitcoin Whales Are Back to Buying Up BTC, Analysis Shows

Accelerating whale accumulation is a sign that the Bitcoin bull market is still on, according to CryptoQuant.

Binance Exec Hospitalized in Nigeria as $35 Million Money Laundering Case Is Delayed

Binance exec Nadeem Anjarwalla, who was detained alongside Tigran Gambaryan, has reportedly escaped the country and remains at large.

Solana Dev Who Got Burned Up in Meme Coin Stunt Is Alive—And Wants Another Dare

Despite suffering serious burns attempting to pump his DARE token on Solana, he promises to return to the project in a week's time.

📅 Join our Webinar!

Excited to announce our upcoming webinar "Unleashing the Power of Permissionless Markets with Vega Protocol" on June 5! Explore the future of decentralized derivatives with Vega Protocol.

💬 Quote of the Day

❝

We're quite far from the true euphoria phase of this bull market. You could argue we're on the boundary between enthusiasm and excitement, but not yet euphoric.

—James Check, Lead Glassnode Analyst

🌐 From Our Hubs

🎮 GG: 'Guild of Guardians' Review: The Perfect Ethereum Game to Play While Taking a Poo

Ethereum game Guild of Guardians has a short but challenging gameplay loop that seamlessly slots into your daily life. Here's our take.

🎭 SCENE: Azuki 'Satoshi Nakamoto' Hoodie Is Tokenized on Both Bitcoin and Ethereum

Inspired by Bitcoin creator Satoshi Nakamoto and launched by Azuki and Magic Eden, the tokenized hoodie is represented across both chains.

🤖 EMERGE: Feeling Lucky? Google AI Search Advice Could Kill You

Google is nixing incorrect and dangerous answers to questions as its new "AI Overview" summaries elevate jokes and satire as fact.

📚 Dive Deeper

🎓 LEARN: What Is Fantasy Top? The Ethereum Game on Blast Turning Crypto Twitter Into a Fantasy Sport

Fantasy Top has taken over Crypto Twitter with an Ethereum NFT game on layer-2 network Blast. Here’s what you need to know.

decrypt.co/resources/what-is-fantasy-top-ethereum-game-blast-crypto-twitter

🎥 WATCH: FOMO HOUR–The ETH ETF Is Approved!

ETH ETFs get approved but won’t trade until July or August? The ETF means many other coins are not securities. Solana ETF coming, Scaramucci says. US House passes vote to ban CBDC. Building a pro-crypto army in Congress. More!

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