The US Securities and Exchange Commission (SEC) announced yesterday that staking protocols for networks using the Proof-of-Stake (PoS) consensus algorithm will no longer be classified as securities transactions.
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Motivated by regulatory changes, major US banks are cautiously exploring the possibility of entering the cryptocurrency market, Reuters reports. However, many remain hesitant to take proactive steps.
After a challenging first quarter that marked a steep 45.41% decline, Ethereum posted an outstanding gain of 39.4% in the second quarter.
According to Coinotag data, one of the key players in the cryptocurrency market has resumed operations after a four-year hiatus. It has drawn the attention of investors and analysts as a significant event capable of influencing sector trends.
Farside data shows that US exchange-traded funds (ETFs) backed by Ethereum saw a substantial net inflow of $110.5 million on May 23. This marked the fifth consecutive day of strong performance.
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