'Study Never Giving Up': Crypto Twitter Reacts to Ethereum ETF Win

Crypto Twitter took another victory lap after the SEC approved the first spot Ethereum ETFs in the United States.

3 min read

May 23, 2024

After the U.S. Securities and Exchange Commission approved eight spot Ethereum ETFs on Thursday, Crypto Twitter took another 2024 victory lap after the first Bitcoin ETFs were approved in January—and the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21), on Wednesday.

Lawmakers on both sides of the aisle have urged the SEC to approve spot Ethereum ETFs, saying that the exchange-traded product should receive the same consideration as spot Bitcoin ETFs.

Crypto Twitter reacted swiftly to the news that the SEC approved the Ethereum ETFs. Here are some of the standout reactions that followed the historic news.

While the majority of the crypto faithful celebrated, some took a more cautious tone.

And last but not least, the guy in the MOG shades who asked former President Trump about keeping crypto in the United States earlier this month—a move that some industry observers, at least, think could have swayed political momentum around crypto.

Get crypto news straight to your inbox--

sign up for the Decrypt Daily below. (It’s free).

Get Email!

Metallica Joins Growing List of Hacked Celebs Promoting Scam Crypto Tokens

The Twitter account of heavy metal band Metallica was apparently hacked late Tuesday and used to promote a Solana meme coin, continuing a recent trend of celebrities being targeted to share pump-and-dump scams purporting to be the real deal. Although the tweets—which included a Twitter Spaces audio call and replies to other users—were deleted within 90 minutes, the pimped METAL token saw more than $10 million in trading volume before crashing badly. The apparent scammers claimed the token was be...

AI Cancer Detector Boasts 98% Accuracy Across 13 Types: Study

A new artificial intelligence (AI) model was able to detect 13 different types of cancer with 98.2% accuracy using only DNA data from tissue samples, according to a new study. The AI model, dubbed EMethylNET, was developed by researchers at the University of Cambridge in the U.K. and could potentially accelerate early cancer detection, diagnosis, and treatment. The findings, published last week in Biology Methods and Protocols, focused on DNA methylation, a chemical process that occurs early on...

Bitcoin Price Rebound Sees Shorts Rekt as Crypto Market Recovers

After a rough start to the week, Tuesday brought a modest rebound across the crypto market, with nearly every single token in the top 100 coins by market cap seeing gains over the prior day. But the upward bump has triggered over $92 million in liquidations in the past 24 hours—$62 million in short positions, according to CoinGlass data. The price of Bitcoin is trading up 2.7% at $61,746 and the price of Ethereum up is 1.8% at $3,394 over the past 24 hours, as of writing, with top performers ove...

News

Courses

Deep Dives

Coins

Videos