SEC acknowledges Fidelity's spot Ethereum ETF filing, Conflux gains momentum, NuggetRush gains whale interest

The Securities and Exchange Commission (SEC) has yet to approve either a Bitcoin or an Ethereum ETF in the US. With several applications under review, Fidelity has joined the race for the Ethereum ETF. The asset manager's filing was officially acknowledged by the SEC, which has been a catalyst for ETH's price uprising.

Timeline of Conflux-network, Ethereum

The Ethereum Foundation, following an overwhelming response of 243 applications for its "Run a Node Grants Round" program, has selected 35 recipients hailing from 23 different countries to operate nodes. Coincu News

Amid the massive bullish move by the vast number of assets in the cryptocurrency industry, Ethereum (ETH), as the second-largest cryptocurrency by market capitalization, is no exception, having rallied over 10% in the last seven days alone. So, is it too late to invest in it?

An early Ethereum (ETH) whale appears to have woken up from a multi-year slumber. Data from crypto tracker Lookonchain reveals that the deep-pocketed investor deposited 39,260 ETH worth $87.5 million to the crypto exchange Kraken on Monday after being dormant for five years. The whale received 47,260 Ethereum worth $11.

The journey towards the approval of an Ethereum ETF in the United States has seen a new development yesterday as the US Securities and Exchange Commission (SEC) has announced a delay in the decision for Grayscale's Ethereum trust conversion into a spot Exchange Traded Fund (ETF). The SEC has stated the need for an extended period to evaluate the proposed rule change, pushing the new deadline Grayscale to January 25, 2024.

Grayscale Ethereum Spot ETF delayed by the SEC again, extending the deadline to January 25, 2024. Grayscale Ethereum Trust is the largest Ethereum investment vehicle globally, representing 2.5% of all circulating ETH.

Societe Generale (OTCMKTS: SCGLY) announced the issuance of its first-ever digital green bond on the Ethereum public blockchain in the form of a Security Token. What Happened: SG-Forge, Société's subsidiary, registered the bond worth around $11 million, and it went live on Nov. 30, 2023.

According to CoinMarketCap, Casper (CSPR), Pepe (PEPE), ORDI (ORDI), and Conflux (CFX) have topped the list of the top gainers in the last 24 hours. Casper (CSPR) leads the list, with bulls rising from an intra-day low of $0.03503 to a 30-day high of $0.05057 before a modest pullback.

After five years, a dormant ether (ETH) wallet was activated, transferring approximately $90 million worth of ETH to the cryptocurrency exchange Kraken. This movement was detected early Tuesday by the on-chain analytics tool Lookonchain.

A closely followed crypto analyst is outlining his next Ethereum (ETH) price target, saying that the top altcoin has more potential to expand, while updating his outlook on Bitcoin (BTC).

Société Générale (SocGen), France's third-largest listed bank, made its foray into blockchain-based financial solutions by issuing its first digital green bond — amounting to €10 million — on a public blockchain, as per a Dec. 4 press release.