Ether Spot ETFs, US Legislation, Politics, and More!
This Week on Unchained: Don't miss the interviews about the groundbreaking approval of spot Ether ETFs, a conversation with U.S. Senator Cynthia Lummis, and more!
Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress
With crypto becoming more politicized than ever, U.S. Senator from Wyoming Cynthia Lummis came on Unchained to talk about the recent regulatory action in Washington, D.C.
She delves into what led to bipartisan support to repeal SAB 121, and how the strength of the vote there in both the House and Senate may have affected the about-face decision to approve spot ether ETFs. Sen. Lummis also explains why she disagrees with how Gary Gensler’s SEC is handling the industry, how to avoid the next TerraUSD, why she feels Wyoming-chartered Custodia Bank is not being treated fairly, the ban on a Chinese-owned, Wyoming-based Bitcoin mining firm, and what advice she would give to the crypto industry during this election year.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
With ETH spot ETFs now more likely than ever, Bits + Bips hosts James Seyffart, Alex Kruger, and Joe McCann delve into the reasons behind this shift, surmising that the reversal may have come from powers above the SEC—perhaps in the Biden administration.
The three hosts surmise that ETH will likely reach all-time highs, discuss how this changes their election trading strategy and ponder where there is enough institutional demand for ether ETFs. They also look at whether the potential approval could sway the US elections.
Plus, they share insights into stablecoins and how they strengthen the US’s political power globally, dive into the debate on low float/high FDV coins, and also take a peek at what they think could be the potential next crypto spot ETF.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
Just when everyone thought that spot Ether ETFs were going to be denied on Thursday, news broke Monday that they are now likely to be approved, with Bloomberg analysts tripling their odds to a 75% chance of approval.
Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, and Matt Hougan, CIO at Bitwise Asset Management, say this reversal definitely has to do with politics, citing the fight of Staff Accounting Bulletin 121, a rule that was unfriendly to financial institutions wanting to engage with crypto.
Plus, they delve into the reasons why Michael Sonnenshein stepped down as CEO of Grayscale after 10 years (hint: it has to do with GBTC), what the 13F filings revealed about who’s been buying the spot bitcoin ETFs since the beginning of the year, and what Vanguard’s incoming CEO, Salim Ramji, who was instrumental to getting BlackRock to launch its Bitcoin ETF, could mean for crypto’s future at the asset management firm.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
The Chopping Block: Response to SAB-121, ETH ETF, & More
This episode covers the Ether ETF Approval and its market impact, Biden’s evolving crypto policy, and the bipartisan repeal of SAB-121. We debate the controversy around High FDV Low Float Tokens and discuss the DOJ indictment for a $25 million MEV exploit. Tune in for insights on memecoin performance, the role of prediction markets in politics, and the increasing participation of retail investors in the crypto market.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
In Case You Missed It 👀
Here are some articles you will probably want to read:
Why ETH Spot ETFs Could Benefit Stakers and Make Ethereum More Resilient
ETH spot ETFs without staking rewards could give a financial boost to direct stakers and balance Ethereum’s staking ratio.
Ethereum ETFs Will Be Approved. But Could Grayscale Outflows Depress the Price of ETH?
Spot ETH ETF approval has galvanized the Ethereum community. But if outflows from Grayscale’s ETHE outweigh inflows to the ETFs, how could that impact the price of ETH?
After ETH, Which Crypto ETF Will Be Approved Next?
With ETH ETFs getting the green light, the race heats up: Will Solana, Dogecoin, XRP, or Litecoin be next?
DeFi Protocol Pendle Reaches All-Time High as Total Value Locked Tops $5.78 Billion
Pendle’s smart contracts are among the largest holders of Ethena’s synthetic dollar USDe, as well as several liquid restaking tokens such as wrapped eETH and ezETH.
Who’s to Blame for the Underperformance of Low Float, High FDV Tokens?
Amid a heated debate around “low float” coins, Binance will now focus on small to medium projects for listing on its platform.
Q&A With Farcaster: How Crypto Social Media Goes From 100,000 Users to One Billion
Dan Romero and Varun Srinivasan give a peek at how more decentralization is coming to Farcaster, personal takeaways from their time at Coinbase, and other insights.
Bitcoin Has Traded Mostly Sideways Since the Halving. What Could Boost Its Price?
The dominant cryptocurrency’s price typically begins its ascent about a month after the event.
5 Best Airdrop Practices All Crypto Protocols Should Follow
In an increasingly competitive landscape, the importance of adhering to good airdrop practices cannot be overstated.
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I will say that I believe the senator is not politically motivated like others who are talking about crypto just because election is about to commence. Sen. Lummis' stance is credible because she has a strong track record of supporting blockchain technology and crypto innovation, particularly in Wyoming, which has been at the forefront of progressive crypto regulation.
Additionally, her detailed critique of the SEC's inconsistent approach and the bipartisan effort to repeal SAB 121 reflects a deep understanding of the regulatory landscape and suggests genuine concern for the industry's fair treatment.