Forming a significant amount of institutional base last year with the launch of Ethereum-based exchange traded funds ETFs and ETPs, Ethereum has surpassed the total market cap of Bank of America with its over $3,000 market cap.
SEC Will Meet on May 6
After the final hearing of the case between the SEC and Ripple on April 30, there was no clear decision on XRP. While awaiting court's response on the matter, the SEC issued an emergency meeting order for May 6. The meeting will be closed to the press.
Wisdom Tree Launches Ethereum ETP
New York based fund management company Wisdom Tree has started an Ethereum ETP which is supported physically in two European exchanges. Wisdom Tree has an asset of $33 billion worth around the world.
1 Billion XRP Released into the Crypto Market
1 billion XRP has been exited from the Ripple wallet and, according to Whale Alert, it has been released in two sets of 500 million. These XRPs will support liquidity in exchanges and finance Ripple operations.
A16z Launches $1 Billion Crypto Fund
Venture capital firm Andreessen Horowitz (a16z) is preparing to establish a new crypto fund between $800 million and $1 billion, according to the Financial Times. The company has investments for many cryptocurrency organizations.
Bicoin Taproot Update Started
Bitcoin’s biggest update Taproot Activation has started. With this update the data amount transferred to and stored on Bitcoin blockchain will be reduced. The transaction fee will drop and more transactions will be available in each block.
China Partners with Ant Group for Digital Yuan
Chinese Central Bank has signed a strategic partnership agreement with Ant Group, the fintech establishment of Alibaba Group, for the digital currency studies. According to the statements Ant Group will create a technical platform for CBDC studies.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.