The price of Ethereum (CRYPTO: ETH) could soar by 60% following the approval of the first-ever Ethereum spot exchange-traded funds by U.S. regulators, according to a leading crypto trading firm.
SEC Chair Gary Gensler, who has been in the eye of the storm over his positions on cryptocurrencies, didn’t participate in the decision to approve the first-ever spot Ethereum (CRYPTO: ETH) ETFs in the U.S, a departure from his involvement in the approval of the spot Bitcoin
In a bid to fund share repurchases, Alibaba Group Holding has announced a $4.5 billion convertible bond issue. This move comes amid increasing competition and a sluggish Chinese economic recovery.
The recent failures have sparked concerns among industry insiders and investors about Samsung's competitive stance against rivals SK Hynix and Micron Technology.