Ripple CEO says US gov’t ‘going after’ Tether, ARK 21Shares drop staking from ETF

05/13/24 • 11 min

It was another quiet weekend for Bitcoin, but those analysts in the know say it’s a display of strength, with BTC is establishing itself firmly above $60,000. So, what’s next and what do we need to be on the lookout for this week? Elsewhere, as we approach the U.S. SEC’s decision on whether to approve a spot Ether ETF, there is some movement that has left the ETF experts perplexed. The Ripple CEO says it’s ‘clear’ the U.S. government is going after Tether, and Runes protocol sees a massive drop-off in activity, but why?
Further reading:

So, grab yourself a coffee, and let’s get into it!

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.
Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com
The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.

So, grab yourself a coffee, and let’s get into it!

Previous Episode

SEC fears Ethereum’s impact on banking sector, memecoin index outperforms S&P 500

Bitcoin is following the same patterns it has lately, so analysts are reporting the same things. With that, let’s turn our attention to all things altcoins. Analysts suggest that altcoins will hit their local bottom in the early summer, which could lay the foundations for altseason, but a few things need to happen first. In other news, Ethereum co-founder Joseph Lubin slams the U.S. SEC for stifling innovation and fearing DeFi’s impact on the traditional banking system, all while Ether turns inflationary again for the first time since 2022. Finally, memecoins aren’t just for degens, it would seem, as a VanEck subsidiary’s memecoin index outperforms the S&P 500 many times over.
Further reading:

So, grab yourself a coffee, and let’s get into it!

Next Episode

GameStop trader’s cryptic return sparks memecoin rally, Bitcoin primed for volatility

The end of the crab-like movement of Bitcoin’s price might be on our doorstep, with analysts predicting the U.S. Consumer Price Index and Producer Price Index coming May 14 and 15 could have a dramatic impact. While most traders are quietly bullish based on the charts, anything unexpected in the U.S. macro data releases or said by Federal Reserve Chair Jerome Powell could knock BTC in either direction. Elsewhere, Tether’s CEO claps back at the Ripple CEO over the comments covered in yesterday’s episode, and memecoins caught a 24-hour rally, but what caused it?
Further reading:

So, grab yourself a coffee, and let’s get into it!