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Moonbag Crypto tops 2024 presales, Fantom struggles with a bearish trend, and Immutable X faces utility challenges.

The market has priced in a rejection for the first set of Ethereum ETFs, but there are reasons to be optimistic about an approval next year, says one fund manager.

The latest price moves in bitcoin (BTC) and crypto markets in context for May 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Representative Wiley Nickel criticizes the SECs approach to cryptocurrency regulation as overly political, potentially complicating President Biden's position, as legislative efforts push back against restrictive measures like SAB 121.

ARK Invest and 21Shares have revised their spot Ethereum ETF proposal, removing staking plans to potentially streamline the application in response to SEC feedback.

Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said.