- The Shiba Inu cryptocurrency receives a boost of credibility with support from the British Red Cross.
- Experts predict the approval of Ethereum ETFs might occur by early July.
- Bitcoin whales and miners have recently offloaded billions worth of BTC.
Stay updated on the latest in the crypto world as Shiba Inu gains recognition, Ethereum ETFs await potential approval, and Bitcoin whales make significant moves.
Shiba Inu (SHIB) Gains Support from British Red Cross
In an exciting development for the Shiba Inu meme cryptocurrency, the British Red Cross has started accepting SHIB as a donation currency. This significant milestone was achieved through the charity’s partnership with Giving Block, a platform that facilitates cryptocurrency donations to nonprofits. Alongside other popular digital assets, the Shiba Inu token can now be used to support worldwide humanitarian efforts. Donors incur a fee ranging from 1% to 3.9%, depending on the donation amount, with contributions being forwarded to the British Red Cross weekly. The move underscores Shiba Inu’s growing acceptance and practical utility within the nonprofit sector.
Ethereum ETFs May Be Approved by July 2, Top Expert Reveals
According to a hint from SEC Chair Gary Gensler and subsequent analysis by Bloomberg’s senior ETF analyst Eric Balchunas, there is a strong possibility that the SEC will approve the S-1 registration forms for spot Ethereum ETFs by July 2. This anticipation builds on recent communications from SEC staff to issuers of the forms, who were asked to address minor comments within a week. Balchunas has suggested that the regulatory agency might make its final decision before the Independence Day weekend, making early July a critical period for Ethereum ETF supporters.
Bitcoin Whales Go Insane, Unloading $4.1 Billion in BTC
In a striking move, Bitcoin whales and miners have divested themselves of a substantial volume of BTC over the past ten days. Acclaimed crypto analyst Ali Martinez highlighted this trend in a recent post, backed by data from the Santiment market intelligence platform. The data reveals that major market players offloaded over 50,000 BTC, equating to approximately $3.30 billion, while BTC miners sold more than 1,200 BTC, valued at around $80 million. Together, these sales totaled over $4 billion. Such substantial sell-offs often correlate with Bitcoin reaching new local highs, as miners liquidate portions of their holdings to cover operational expenses and secure profits.
Conclusion
These headlines underscore significant developments across the cryptocurrency landscape. The inclusion of Shiba Inu as a legitimate donation option by the British Red Cross showcases the expanding acceptance of digital currencies in diverse sectors. Meanwhile, the potential approval of Ethereum ETFs marks a pivotal step in regulatory acknowledgment of blockchain assets. Finally, the actions of Bitcoin whales and miners highlight the dynamic and often volatile nature of the market. As these stories unfold, they serve as a testament to the evolving role of cryptocurrencies in the global financial framework.
