U.Today – U.Today prepared the three most crucial news from last weekend.
(SHIB) gains support from the British Red Cross
According to a recent article by news site Shib Daily, the Shiba Inu meme cryptocurrency has gained support from the British Red Cross; henceforth, the global humanitarian organization accepts SHIB as its donation currency. This was made possible thanks to the British Red Cross’s partnership with Giving Block, a platform specializing in cryptocurrency donations to not-for-profit organizations that supports a dog-themed token and other popular digital assets. Users who choose to donate a Shiba Inu to the Red Cross can do so for a fee ranging from 1% to 3.9% through the Giving Block, depending on the amount. Each week the donated amount is sent to the British Red Cross. Recognizing the Shiba Inu breed as a valid form of donation highlights its growing usefulness and acceptance.
ETFs could be approved by July 2, leading experts reveal
Following SEC Chairman Gary Gensler’s recent hint that the regulatory agency could approve Forms S-1 for spot Ethereum ETFs “sometime this summer,” many experts have shared their predictions for when this significant event will occur. Bloomberg senior ETF analyst Eric Balchunas also jumped on the bandwagon; in his last post on X, Balchunas suggested that July 2 might be the likely approval date for the S-1 registration form. The analyst noted that SEC staff recently sent issuers minor comments on the forms and asked for a response within a week. Thus, according to Balchunas, there is a good chance that the regulator will make a decision before the Independence Day weekend, which makes July 2 the most likely date for the bill’s approval.
whales go crazy, landing $4.1 billion in BTC
According to a recent post on X by renowned cryptocurrency analyst Ali Martinez, enormous Bitcoin whales and miners have dumped an astonishing amount of BTC in the last 10 days. To illustrate this, Martinez attached a chart to his post from market intelligence platform Santiment. The first group of market players sold over 50,000 BTC, worth approximately $3.30 billion. In turn, the second group, BTC miners, sold over 1,200 BTC worth almost $80 million. Together, they disposed of over $4 billion worth of bitcoin. Miners regularly sell BTC to cover operating costs and withdraw profits from their mining ventures. This often happens when Bitcoin reaches a modern local high.
