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The Daily Gwei - An Ethereum Podcast
Lido below 30%, Bullish ETH rant and more - The Daily Gwei Refuel #760 - Ethereum Updates
Apr 6, 2024
In this discussion, guests Alexey Pertsev and Roman Storm, who are prominent figures in notable Ethereum trials, dive into the recent shifts in the Ethereum landscape. They highlight Lido's declining market share and the rise of new competitors in staking. The conversation turns bullish as they share insights on Ethereum ETFs and their potential impact. They also discuss core improvements, scalability advancements, and the evolving narratives surrounding Ether’s value in a competitive market.
45:31
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Quick takeaways
- The SEC's request for public comment on spot ETH ETFs is seen as a formality, hinting at potential litigation if denied.
- Core developers emphasize transaction efficiency with upcoming upgrades like Pectra, focusing on scalable solutions for network growth.
Deep dives
SEC and ETF Developments
The recent request from the SEC for public comment on spot ETH ETFs by firms like Grayscale and Fidelity is seen as a legislative formality rather than a bullish sign. This process is legally obligatory when ETFs are still under consideration, suggesting that no definitive action or approval is imminent. Furthermore, analysts from JP Morgan predict a likely litigation process if ETFs are denied in May, confirming fears in the crypto space regarding the SEC's potential negative stance on ETH. The prevailing view indicates that regardless of the May 23rd deadline, many believe ETFs will eventually receive approval, which may have broader implications for Ethereum’s regulatory landscape and its classification as a security.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode