Bittime - Today's crypto market shows positive movements, such as BTC and ETH. Apart from that, there is also news about spot Ethereum ETFs, airdrops, and crypto security cases. The following are the highlights of today's crypto news, May 21, 2024.
Bitcoin and Ethereum Prices Rise
Source: Bittime
BTC prices are showing a positive trend again after falling several weeks ago. Based on today's Bittime market, BTC prices were observed to have increased by 5.49 percent in the last 24 hours at the time this article was written. Currently, BTC is trading at IDR 1,133,108,667.
Source: Bittime
Meanwhile, the price of ETH showed a significant increase today. This increase is likely due to positive sentiment surrounding the potential approval of a spot Ethereum ETF in the US.
Based on today's Bittime market, the price of ETH was observed to have increased by 18.41 percent in the last 24 hours at the time this article was written. Currently, BTC is trading at IDR 58,858,806.
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Potential Ethereum Spot ETF Approved
Reporting from CoinDesk, several internal sources said that the SEC asked the exchange to speed up the update of the 19b-4 application. A 19b-4 application is a document that is required to be filed by stock exchanges that plan to launch new products such as ETFs.
This accelerated processing of 19b-4 applications was interpreted as a positive signal from the SEC towards the potential future approval of a spot Ethereum ETF. Bloomberg ETF analysts even increased their prediction of the chances of a spot Ethereum ETF approval from 25% to 75%.
Aethir Airdrop for MadLabs Community
Aethir, a blockchain-based cloud computing infrastructure platform , officially announced that it will distribute airdrops to members of the MadLads community, one of the builder communities in the Solana ecosystem.
The MadLads community is known as one of the builder communities in the Solana ecosystem. MadLads' contribution in driving DePIN innovation on the Solana network deserves thumbs up.
As a form of appreciation for MadLads' contribution, Aethir will distribute airdrops to members who meet the requirements.
Also Read How to Buy Crypto:
The Case for Crypto Security
A series of crypto security incidents occurred last week, May 13-19 2024. According to SlowMist, a blockchain security company, the total loss due to these crypto security incidents reached more than $28 million US dollars.
At least 9 security cases occurred within a week, namely pump.fun, TCH, fake Notcoin, Sonne Finance, BlackTower Capital, ALEX Lab, Predy Finance, Equalizer Exchange, and Patton.
The cases that occurred over the past week are a reminder of the importance of vigilance and security in the crypto ecosystem.
Check Crypto Prices Today:
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
US SEC Gives Green Light to Ethereum Spot ETF?
Crypto Security Threatened, Losses $28 Million in a Week!
Get ready, Aethir Airdrop for the MadLads Community in the Solana Ecosystem!
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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