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SEC approves Grayscale, ProShares spot Ethereum ETFs for trading on NYSE Arca

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The U.S. Securities and Exchange Commission (SEC) has granted approval for Ethereum exchange-traded funds (ETFs) to commence trading on the NYSE Arca. This decision marks a significant milestone in the integration of Ethereum into traditional financial markets, facilitated by investment firms Grayscale and ProShares.

The approval allows Grayscale to list its Ethereum ETF on NYSE Arca, providing investors with a regulated vehicle to gain exposure to the world’s second-largest cryptocurrency. Similarly, ProShares will launch its own Ethereum ETF, expanding investment opportunities for those seeking diversified exposure within the digital asset space.

This development follows a period of regulatory scrutiny and reflects increasing institutional interest in cryptocurrencies beyond Bitcoin. The SEC’s decision underscores growing confidence in Ethereum’s role as a viable investment asset, offering investors regulated access to its potential growth and utility.

Both Grayscale and ProShares are expected to leverage their expertise in digital asset management to enhance liquidity and accessibility for Ethereum investors. The ETF listings are anticipated to foster broader adoption of Ethereum among institutional and retail investors alike, contributing to its market maturity and mainstream acceptance.

As Ethereum continues to demonstrate its utility and innovation within blockchain technology, the SEC’s approval of Ethereum ETFs represents a significant step towards bridging traditional finance with the rapidly evolving digital asset ecosystem. This decision sets a precedent for future regulatory developments and underscores Ethereum’s position as a key player in the global financial landscape.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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