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Asset managers VanEck, Canary Capital, and 21shares have made a request to the US Securities and Exchange Commission (SEC), which could change the dynamics of ETF approvals moving forward. Notably, these crypto ETF issuers are among the first to have filed for funds, which would provide institutional investors with exposure to some crypto assets besides
The post Crypto ETF Issuers Urge SEC to Restore ‘First-to-File’ Rule appeared first on CoinGape.
Coinbase, one of the leading cryptocurrency exchanges, has officially included Ethena’s native token, ENA, in its listing roadmap.
The announcement led to a modest price increase of 8.6% in ENA during Tuesday’s early Asian trading hours.
In a statement shared via X (formerly Twitter), Coinbase Assets confirmed the inclusion of Ethena (ENA). The post specified that the token’s ERC-20 contract address is 0x57e114B691Db790C35207b2e685D4A43181e6061.
Assets added to the roadmap today: Ethena (ENA)https://t.co/rRB9d3hSr2
— Coinbase Assets
(@CoinbaseAssets) June 2, 2025
Nevertheless, the exchange clarified that the commencement of ENA trading will depend on certain conditions. These include increased market-making support and the development of adequate technical infrastructure.
Coinbase mentioned it would issue a separate announcement once these requirements are fulfilled, guaranteeing a smooth integration for traders. ENA now joins QCAD (QCAD) in Coinbase’s listing roadmap, although the list is not exhaustive.
“Transfers and trading are not supported for these or any other assets until a listing is officially announced. Depositing these assets into your Coinbase account before an official announcement may lead to permanent loss of funds,” the exchange stated.
Following the news, ENA’s price jumped from $0.312 to as high as $0.338, marking an appreciation of 8.6%. However, the gains generated by this announcement subsided shortly after. BeInCrypto data showed that ENA dropped to $0.329 at the time of writing.
The trading volume for ENA also surged. It reached $254 million in the last 24 hours, representing a 91.7% increase. This indicated heightened market activity and investor interest.
The activity observed is quite typical of previous Coinbase roadmap announcements, where such news often leads to a price rise. However, despite the general trend, ENA’s gains were relatively modest in comparison to other assets like TokenBot (CLANKER), doginme (DOGINME), or Freysa AI (FAI), which experienced more significant surges after a similar addition.
The timing of Coinbase’s announcement aligns with a critical moment for Ethena. Earlier on Monday, over 40 million ENA tokens, valued at approximately $12 million, were unlocked, raising concerns about a potential sell-off.
Contrary to expectations, the token held steady. BeInCrypto highlighted that ENA only slipped by 1% in the aftermath of the unlock.
The post Coinbase Adds Ethena (ENA) to Listing Roadmap, Sparking 8.6% Price Surge appeared first on BeInCrypto.
The post Ethereum Price Forecast: Pullback Sparks Bullish Sentiment and Whale Action appeared first on Coinpedia Fintech News
After the Ethereum price failed to break the $2,800 hurdle on Thursday, it dropped to $2530, at the time of writing, which shows a near 10% correction.
However, while retailers are panic-selling, whales are jumping in aggressively to accumulate. Prominent analysts and on-chain platforms are confirming ongoing whale buys.
Moreover, the Ethereum price forecast from top analysts remains strongly bullish, framing the current pullback as the perfect entry point for sidelined market participants. Also, experts highlight its fundamental strength, rising with ETH having the highest net flows compared to other blockchains. Keep reading to know more.
Since the Ethereum price rejected from the $2,800 resistance, which caused a retrace, it doesn’t show that ETH crypto has weakened yet.
However, it’s getting strengthened in the shadows as whales are doubling down on the second-largest top coin after BTC, which is boosting the possibility of an alt season coming.
Recently, Ali Martinez highlighted via his x post that the biggest smart whale on the ETH network has stockpiled 1 million ETH, worth over $2.5 billion, within just a 48-hour window.
Moreover, the Data from Lookonchain confirms Ali Martinez’s perspective. The post reveals that a whale withdrew 34,343 ETH from Aave, which amounts to nearly $89 million in the altcoin.
Meanwhile, another analyst, TedPillows, shows its number 1 spot at 3 months net flows that are $1,100,1000,000; experts suggest that ETH, in his opinion, is the number one crypto asset.
Prominent analyst Captain Faibik shared his opinion in an X post in which he considers ETH price has formed an ascending triangle pattern.
According to his Ethereum price forecast, the second-largest crypto could advance to $3,600 by the end of June.
#Ethereum is going to pump higher after the current consolidation
$ETH #Fractals pic.twitter.com/SuBFXuZKxH
— Trader Tardigrade (@TATrader_Alan) May 31, 2025
Moreover, adding to the optimism another analyst Trader Tardigrade also added that Ethereum is going to pump higher after the current consolidation ends.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Ethereum Price Forecast: Pullback Sparks Bullish Sentiment and Whale Action appeared first on Coinpedia Fintech News
Story Highlights Ethereum price fell nearly 10% to $2,530 after rejecting the $2,800 resistance. Analysts confirm significant whale buys, including a stockpile of 1 million ETH worth over $2.5 billion. Ethereum shows the highest net flows compared to other blockchains, indicating strong fundamentals. After the Ethereum price failed to break the $2,800 hurdle on Thursday, …
In a significant development, the Bank of Korea has unveiled its central bank digital currency (CBDC) pilot program, dubbed “Digital Test Project Hangang.” The Bank of Korea, in partnership with seven major banks, is set to launch the pilot program next month, with a planned duration of about three months.
Notably, the Bank of Korea intends to test the efficiency and feasibility of a CBDC-based payment system via the Hangang program. The partnering banks will issue deposit tokens for use at various retail outlets, including local supermarkets, online shopping platforms, and convenience stores.
According to local reports, the Bank of Korea will debut a real-world CBDC pilot program in April, possibly involving 100,000 local citizens. This trial will enable participants to exchange bank deposits for “deposit tokens” and make payments at partner merchants.
Significantly, Hangang, expected to begin in April, will possibly last for about three months. In collaboration with seven major banks, including KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, IBK Industrial Bank of Korea, and BNK Busan, the BoK will examine the potential of its CBDC for real-world transactions. Commenting on the development, a BoK official stated,
Through deposit token payments, merchants can receive settlement funds in real time. Additionally, related transaction fees are expected to be reduced by minimizing intermediary institutions in the payment process.
Through the Hangang CBDC program, the Bank of Korea intends to test the feasibility of CBDCs for real-world transactions. The BoK intends to replace the traditional payment methods with digital currencies, specifically CBDCs. Thus, the Hangang pilot program will serve as a trial.
If the Bank of Korea introduces an “institutional digital currency,” the other banks involved in the program will issue linked tokens. This process will enable consumers to use these tokens for payments. Participants in the pilot program can convert their bank deposits into deposit tokens and vice versa, allowing for seamless transactions. The central bank is expected to release a public announcement by the end of this month to recruit eligible participants.
Meanwhile, South Korea has strengthened its anti-money laundering regulations to tackle the growing crypto threats.
Recently, the Bank of Korea dismissed the possibility of adopting a strategic Bitcoin reserve. The bank cited price volatility and inherent risks of cryptocurrencies as a major reason. The BoK stated, “In the case of cryptocurrency market instability, transaction costs to cash out Bitcoins could rise drastically.”
This comes amid speculations of North Korea’s potential Bitcoin reserve plans as the country’s notorious Lazarus Group accumulates Bitcoin. Reportedly, North Korea flipped Bhutan and El Salvador in BTC holdings, becoming the fourth largest holder of Bitcoin.
The post Bank of Korea To Launch Hangang CBDC Experiment in April appeared first on CoinGape.