Bankless

ROLLUP: ETH ETF Approved | Crypto Politics | Uniswap Wells Notice | Airdrop Reset?

19 snips
May 24, 2024
Excitement brews over the unexpected approval of an Ethereum ETF, hinting at a surge in the crypto market. With Ethereum's price spiking 28%, discussions reveal strong political support for cryptocurrency, signaling a shift in legislative attitudes. Anticipated airdrops and the SEC's scrutiny of Uniswap introduce fresh dynamics, while the NFT community debates innovation versus tradition. As political winds shift, the potential for a clearer regulatory landscape could redefine the future of crypto investments.
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INSIGHT

Historic Political Win

  • This week was a major political win for crypto, potentially the biggest since the speaker joined the industry.
  • This positive shift follows two years of political pressure against crypto.
INSIGHT

Pre-Decision Analysis

  • The speakers are recording this episode before the final decision on the Ethereum ETF approval.
  • They analyze the situation as if the ETF will be approved and promise a celebratory episode if it is.
ANECDOTE

ETH Price Surge

  • ETH started the week below $3,000 but saw a 28% increase, reaching $3,800.
  • The Grayscale Ethereum Trust discount decreased from 24% to 7%, signaling increased demand.
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