U.Today – U.Today has prepared the three main news stories from last weekend.
(SHIB) gets support from the British Red Cross
According to a recent article by news portal Shib Daily, the Shiba Inu meme cryptocurrency has gained support from the British Red Cross; As of now, the global humanitarian charity accepts SHIB as a donation currency. This was made possible thanks to the British Red Cross' partnership with Giving Block, a platform specializing in cryptocurrency donations for non-profit organisations, which supports the dog-themed token alongside other popular digital assets. Users who choose to donate Shiba Inu to the Red Cross can do so with fees of between 1% and 3.9% through Giving Block, depending on the amount. The amount donated is sent to the British Red Cross every week. The recognition of Shiba Inu as a valid form of donation underscores its growing usefulness and acceptance.
ETFs can be approved before July 2, top expert reveals
Following a recent hint from SEC Chairman Gary Gensler that the regulatory agency could approve S-1 forms for Ethereum spot ETFs “sometime this summer,” many experts shared their predictions for when this will take place. important development. Bloomberg Senior ETF Analyst Eric Balchunas also jumped on the bandwagon; In his latest post on X, Balchunas suggested that the likely date for approval of the S-1 registration form could be July 2. The analyst noted that SEC staff recently sent issuers minor comments on the forms and asked for responses within a week. Therefore, according to Balchunas, there is a good chance that the regulator will make a decision before the Independence Day weekend, making July 2 the most likely date for approval.
Whales go crazy and dump $4.1 billion worth of BTC
According to a recent post on To illustrate this, Martínez attached a graph from the market intelligence platform Santiment to his publication. The first group of market players sold more than 50,000 BTC, valued at approximately $3.3 billion. In turn, the second group, BTC miners, sold more than 1,200 BTC, worth almost $80 million. Together, they dumped more than $4 billion worth of Bitcoin. Miners regularly sell BTC to pay their operating costs and withdraw profits from their mining companies. That often happens when Bitcoin hits a new local high.
This article was originally published on U.Today.
