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The U.S. Securities and Exchange Commission (SEC) is opening the floor to public comments on Fidelity's ethereum exchange-traded fund (ETF). Meanwhile, two projects are catching the whales' attention: Arbitrum (ARB) and InQubeta (QUBE).
Let's delve into the details of these developments shaping the crypto landscape.
The ethereum ETF Dilemma: A Call for Public Participation
Fidelity, an asset management company,ethereum-etf” rel=”noreferrer noopener”> requested approval of its ethereum Fund on November 17, joining a growing list of companies vying for a place in the competitive world of crypto ETFs in the US.
The SEC's call for public input is crucial in the regulatory process. It allows interested parties and novice and experienced cryptocurrency enthusiasts to express their opinions on the possible listing and trading of Fidelity's ethereum Fund shares on the Cboe BZX Exchange.
The filing emphasizes that the absence of an ethereum spot ETF in the US exposes investors to significant risks, pushing them toward potentially riskier alternatives. Since the SEC has not yet given the green light to any spot cryptocurrency investment vehicle, the public has 21 days to submit comments following publication of the filing in the Federal Register.
The decision on Fidelity's proposal could mark a pivotal moment on the path to widespread cryptocurrency adoption and propel ethereum to new heights.
Arbitrum: surfing the waves of change
Regulatory issues aside, let's dive into the world of Arbitrum, where recent events have kept enthusiasts on the edge of their seats. Considered one of the top altcoins to watch, has managed to defy expectations, showing stability in its price despite the volatility that often accompanies such proposals.
Arbitrum DAO's recent approval of a hard fork, marked by overwhelming community support with over 99% of the vote, has positioned the network for significant improvements. The proposed hard fork, which includes updates such as EVM Shanghai and the PUSH0 opcode, aims to improve the chain's infrastructure and network fees.
Despite occasional dips, Arbitrum ARB has maintained a consistent presence above the $1.00 mark. Recent price movements, with fluctuations recovering quickly, suggest an upward trajectory. The Relative Strength Index (RSI) and Moving Average Convergence and Divergence (MACD) indicators are giving bullish signals, indicating a potential rise above $1.10. This performance has attracted significant attention from whales, which may boost ARB prices further.
InQubeta: democratize investments in ai
In a world where investing in cutting-edge ai startups can be elusive for the average person, Qubeta (QUBE) aims to break barriers.
InQubeta is democratizing ai investments. The use of NFTs allows investors with different budgets to own a stake in the ai startup landscape, creating a bridge between high-tech innovation and accessible investment opportunities.
In stage 6 of its 10-stage pre-sale, InQubeta (QUBE) has raised over $6.3 million by selling over 608 million tokens. QUBE ERC-20 tokens are trading at $0.01925 each at this stage.
The platform's roadmap, which includes plans for an nft marketplace and cross-chain expansion, can solidify its position at the forefront of ai and blockchain convergence.
InQubeta is secure and has been audited by Hacken while receiving Know Your Customer (KYC) verification from BlockAudit.
Conclusion
In crypto, InQubeta aims to democratize ai investments and offer a gateway to blockchain and ai. Some investors are exploring QUBE ahead of the SEC's decision on Fidelity's ethereum ETF.
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