On the morning of September 28, Ethereum (ETH) experienced a notable surge following rumors circulating about the potential approval of Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). This information, shared by Bloomberg Intelligence analyst Erick Barracudas, instigated a 2% increase in the value of the second-largest cryptocurrency, propelling it beyond the $1,600 mark within the past 24 hours.
Barracudas, a trusted name in financial analysis, stated that some insiders have informed him about the SEC’s intention to expedite the launch of Ethereum futures contracts. He revealed that the SEC had urged companies to update their ETF applications by Friday night (September 29) to enable potential approval as early as the following week.
“I have heard that the SEC is keen on accelerating the approval of Ethereum futures contracts ETFs,” Barracudas shared.” They have asked filers to update their documents by Friday afternoon”.
Barracuda finished by stating that an approval is likely set for the next week. This development indicates growing institutional interest in Ethereum and highlights the SEC’s willingness to integrate cryptocurrency-based financial products into traditional markets.
$GOLDEN [ERC-20] Token Sees Remarkable Growth
Simultaneously, the cryptocurrency market witnessed a significant surge in $GOLDEN [ERC-20], with a 4% increase in value within a day. What’s even more remarkable is the doubling of its daily trading volume. The asset experienced an unprecedented 94% surge in buying volume, reaching a record high.
Over the past month, $GOLDEN has appreciated by an astonishing 30%. Investors are eyeing the upcoming developments in the Golden Inu ecosystem, anticipating that they will enhance the value of the GOLDEN token even further.
In addition to its recent impressive performance, $GOLDEN [ERC-20] is gearing up for a transformative future with exciting projects on the horizon. One of the most anticipated ventures is the DeFi Golden Bazaar, a decentralized finance platform set to revolutionize the way users interact with financial services online. This initiative aims to bring the power of Web3 to the e-commerce world, which could cement Golden Inu as a solid contender in the future of cryptocurrencies.
Furthermore, $GOLDEN is poised to launch its own decentralized exchange (DEX). What makes this exchange particularly noteworthy is its utilization of $GOLDEN’s advanced multi-blockchain capabilities.
Unlike traditional exchanges, this DEX will enable users to swap a wide array of tokens in a cheaper and more decentralized manner. By leveraging the benefits of blockchain technology, $GOLDEN’s DEX will provide users with enhanced security, reduced fees, and increased transaction speed, ultimately delivering a seamless trading experience.
As $GOLDEN continues to expand its ecosystem with these groundbreaking projects, investors and enthusiasts eagerly anticipate the positive impact these initiatives will have on the crypto space. With a focus on innovation, accessibility, and decentralization, $GOLDEN [ERC-20] is setting the stage for a golden era in the world of cryptocurrencies.