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Rhythm Morning News|A list of important news from last night and this morning on May 24

BlockBeats2024/05/24 02:09
By:BlockBeats

Market News: SEC has approved Ethereum spot ETF

On May 24, according to market news, the U.S. SEC has approved the Ethereum spot ETF.



The U.S. SEC approved multiple Ethereum spot ETF 19b-4 forms at the same time, including BlackRock and Fidelity

On May 24, according to The Block, the U.S. Securities and Exchange Commission approved multiple Ethereum spot ETFs' 19b-4 forms today, including ETFs from BlackRock, Fidelity and Grayscale. Although the form has been approved, ETF issuers need to make the S-1 registration statement effective before they can start trading. The SEC has just begun discussing the S-1 form with issuers. It is not clear how long this process will take, but some analysts speculate that it may take weeks.


BlackRock's spot Ethereum ETF has been listed on the DTCC website with the ticker ETHA

On May 24, BlackRock's spot Ethereum ETF was listed on the DTCC website with the ticker ETHA.


Ethereum rose and briefly broke through $3,900

On May 24, according to OKX market data, Ethereum briefly broke through $3,900 and is now quoted at $3,874, up 3.3% in 24 hours.


Bitcoin rebounds above $67,000

On May 24, according to OKX market data, Bitcoin rebounded above $67,000 and is now quoted at $67,222.


PEOPLE broke through $0.085, up 30% in 24 hours

On May 24, according to OKX data, PEOPLE price broke through $0.085 and was temporarily quoted at $0.086, up 30% in 24 hours.


Linea's official Discord administrator account is suspected to be stolen, please do not interact with it

On May 24, according to feedback from community members, the Ethereum L2 network Linea's official Discord administrator account is suspected to be stolen, please do not interact with the content it publishes.



ZK hardware acceleration company Cysic completes $12 million in pre-Series A financing, led by HashKey Capital and others

On May 24, ZK hardware acceleration company Cysic announced that it had completed $12 million in pre-Series A financing, led by HashKey Capital and OKX Ventures.


The new funds "aim to speed up the generation of ZK proofs in a faster, more cost-effective, user-friendly and decentralized way."


BlockBeats previously reported that on February 17, 2023, Cysic completed a $6 million seed round of financing, led by Polychain Capital, with participation from AT Capital, Hashkey, SNZ Holding, Web3.com Foundation, and ABCDE Capital.


Fantom Foundation Completes $10 Million Strategic Financing for Sonic, Led by Hashed

On May 24, The Block reported that the Fantom Foundation completed a $10 million strategic financing to support the Sonic Foundation. This round of financing was led by Hashed, and UOB Ventures, Signum Capital, SoftBank, Aave Foundation and others participated.


The funds from this round of financing will be used to support strategic growth and ecosystem development, with a particular focus on enhancing the liquidity of automated market makers and money market blue chip pools. The move is intended to attract users from Ethereum and other layer 2 networks.


Coinbase announces the launch of AVAX staking service

On May 24, according to official news, Coinbase announced the launch of AVAX staking service.


Bonk, FLOKI and Shiba Inu perpetual contracts will be launched on Coinbase International

On May 24, Coinbase International announced that it will add support for Bonk, FLOKI and Shiba Inu perpetual contracts on Coinbase International Exchange and Coinbase Advanced. 1000BONK-PERP, 1000FLOKI-PERP and 1000SHIB-PERP markets will be open on or after 9:30 AM UTC on May 30, 2024.


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