Latest Crypto News (20.05.2024)

BitKan News: $ETH is down -1.04% (Past 24H). The SEC’s decision on Spot Ethereum ETFs is due this week, with VanEck’s spot ETH ETF final deadline on May 23.

BitKan
BitKan Hub
4 min readMay 20, 2024

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🚨 What Happened In Crypto Over The Last 24 Hours? 🚨

$ETH $ETH is down -1.04% (Past 24H). The SEC’s decision on Spot Ethereum ETFs is due this week, with VanEck’s spot ETH ETF final deadline on May 23.
Significance: ★★★★☆

$BTC $BTC is down -0.35% (Past 24H). The total Bitcoin (BTC) Spot ETF net inflow experienced 5 consecutive days of positive inflow. The last time this happened, Bitcoin went from $43,000 to $73,000 in the next 45 days.
Significance: ★★★☆☆

$FTM — $FTM is down -4.46% (Past 24H). Fantom has proposed voting for a rebrand to Sonic with a 1:1 migration of $FTM to $S on May 18. The governance vote will end on the 25th.
Significance: ★★☆☆☆

$SOL — $SOL is down -0.67% (Past 24H). For Grayscale Solana Trust, the market price per share as of 05/17/2024 is $390.
Significance: ★★☆☆☆

$MKR — $MKR is down -1.52% (Past 24H). Maker has released details on its rebranding on the 1st week of May. Each MKR will be subsequently redenominated to 24,000 NewGovToken (NGT).
Significance: ★★☆☆☆

• The SEC’s decision on Spot Ethereum ETFs is due this week, with VanEck’s spot ETH ETF final deadline on May 23.

• $AEVO — Aevo has announced Token Airdrops for pre-launch traders and $AEVO stakers. The first two projects in Aevo Airdrops are @SwellProtocol and @ZerolendFinance.

• $ENA — Ethena’s USDe stablecoin will be integrated into Bybit as collateral this week.

• $FLIP — Chainflip has announced an emissions cut for FLIP tokens. This change will implement on May 22. An updated roadmap is expected this week.

• $FTM — Fantom has proposed voting for a rebrand to Sonic with a 1:1 migration of $FTM to $S on May 18. The governance vote will end on the 25th.

• $GNO — The Gnosis DAO community has proposed a $30 million buyback of GNO. Voting will end on May 24.

• $MEME — Memeland has announced the MON Protocol $MON launch on @Stakeland . Farming starts on May 20.

• $NOT — Notcoin will launch first campaigns, products and offers on this week.

• $PYTH — $900M worth of $PYTH will be unlocked on May 20. This is 141% of its circulating supply.

• $XEM — NEM’s developer @Jaguar062 has hinted at a merger between $XEM and Symbol $XYM.

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