First Mover Americas: All Eyes on Ether

Ether is"probably the only other digital asset likely to get a spot ETF approval by the SEC," the report said. Bernstein says there is about a 50% chance of ether spot ETF approval by May and near-certain probability of approval in the next 12 months. Ether rose over 3% on Monday, while bitcoin gained just over 1%.

Japan's cabinet approved a bill that adds crypto to the list of assets the nation's investment funds and venture capital firms can acquire,that the country planned to relax rules for VC firms to invest in crypto startups. Now the cabinet has approved the move, the amended bill will be introduced and debated in the current session of parliament, the Diet.in inflows this month, a spike that has seen it overtake Cardano, Near and Aptos in terms of total value locked .

The network, which was built by former Meta employees, now has over $593 million in capital locked across various decentralized finance protocols, more than double its total at the turn of the year when it had $211 million, DefiLlama data shows. Data published by, which tracks the flow of funds through the cross-chain bridge Wormhole, shows that $310 million had been bridged to Sui from Ethereum in the past 30 days.HBAR leads the pack with 29% gains, followed by KAS, MATIC, ADA, and ETH.

Source: Digital Coin News (digitalcoinnews.net)

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