Ethereum ETF Approved, Elon Musk Mourns Kabosu’s Death, Trump Accepts Crypto Donations, and More: Top Cryptocurrency Updates

May 26, 2024 9am | 2 minutes reading

The week in the world of cryptocurrencies was nothing short of eventful. Following SEC approval of Ethereum ETFs for Elon Muskthe tribute of Shiba Inu back Dogecoin, the crypto market was buzzing with activity. Here’s a quick recap of the top stories that shaped the crypto landscape over the weekend.

SEC gives the green light to Ethereum ETFs

In a move that could attract traditional investors to the crypto market, the Securities and Exchange Commission (SEC) has given its approval to spot Ethereum (CRYPTO: ETH) ETFs. This decision marks a significant step in the integration of cryptocurrencies into the traditional financial system. Read the full article here.

Top Trader exchanges Bitcoin for Altcoins

A prominent merchant decided to abandon Bitcoin (CRYPTO: Bitcoin) in favor of altcoins, citing the potential breakout of the ‘Dogecoin Killer’ Shiba Inu as one of the reasons. This change in preference highlights the growing interest in altcoins among traders. Read the full article here.

See too: Was Cathie Wood right about encryption being an issue in the 2024 White House race? ‘You can’t be on the wrong side

Elon Musk pays tribute to Kabosu

Tech mogul Elon Musk paid tribute to Kabosu, the Shiba Inu who inspired his favorite cryptocurrency, Dogecoin (CRYPTO: DOGE). Musk’s tribute generated reactions in the crypto community, further highlighting the cultural impact of cryptocurrencies. Read the full article here.

Trump accepts crypto donations

Former president donald trump announced that it will accept cryptocurrency donations in Bitcoin, Ethereum, Shiba Inu (CRYPTO: SHIB), Dogecoin and more. This move signals the growing acceptance of cryptocurrencies in political fundraising. Read the full article here.

Michael Saylor BTC Price Prediction

Michael Saylor, CEO of MicroStrategy Inc., stated that the price of Bitcoin is still below $0.08 million, suggesting that the leading cryptocurrency is about to reach a new all-time high. Read the full article here.

Read next: Bitcoin, Ethereum, Dogecoin on Knife’s Edge as ETF Decision Approaches: Market ‘Weak, Weak, Weak’, Trader Says

Photo via Shutterstock

This story was generated using Benzinga Neuro and edited by Navdeep Yadav.

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