SEC’s Ethereum Investigation May Stall ETFs, Celestia and Monero Challenger Attract High-Profile Investors
Industry experts believe that the reported investigation into the Ethereum (ETH) Foundation could be a component of a larger plot to degrade Ether. This could affect the US Securities and Exchange Commission’s (SEC) decision to approve or postpone spot Ether exchange-traded funds (ETFs). While most industry experts agree that regulatory considerations will stall approvals in [...]
Industry experts believe that the reported investigation into the Ethereum (ETH) Foundation could be a component of a larger plot to degrade Ether. This could affect the US Securities and Exchange Commission’s (SEC) decision to approve or postpone spot Ether exchange-traded funds (ETFs). While most industry experts agree that regulatory considerations will stall approvals in the near term, there is general agreement that US spot Ether ETFs are on the horizon.
On the other hand, elite investors are becoming interested in InQubeta (QUBE), a rival to Monero (XMR) and Celestia (TIA), due to its unique features. This emerging crypto aims to bridge the gap between investors and AI (artificial intelligence) startups. Using the Ethereum blockchain, InQubeta hopes to establish a frictionless and safe investing environment designed for AI startups and their investors, making it a top DeFi project worth adding to your portfolio.
Let’s explore the implications of SEC’s investigation on Ethereum and examine InQubeta, the Celestia and Monero challenger attracting high-profile investors’ attention.
InQubeta (QUBE) Uses NFT Marketplace and Crypto Crowdfunding to Transform AI Startup Funding
InQubeta has emerged as a major contender of Celestia and Monero, drawing in top investors with its creative approach to AI startup funding. It is hailed as the best crypto investment and is expected to see an upside potential, making InQubeta a must-have. This emerging crypto aims to create an open and democratic investment environment, supporting the growth of AI technology startups.
The crypto ICO uses NFTs, which function similarly to stocks, to represent ownership in the project. Using blockchain technology, small businesses can obtain capital directly from investors without going through intermediaries. Anyone with a cryptocurrency wallet can purchase fractions of these NFTs, and their value can increase based on the state of the market and the underlying startup’s performance.
Over $12.4 million has been raised for the project thus far through various stages. Investors can buy QUBE tokens at varying prices throughout each stage, with lower pricing available during the initial stages. The emerging crypto is in its ninth presale stage, and each QUBE token costs $0.028; however, when the presale reaches the next stage, that price will rise to $0.0308 per QUBE.
Ethereum (ETH) Foundation Probe May Delay Spot Ether ETF Approvals
Industry analysts speculate that the investigation of the Ethereum Foundation may be a component of a “coordinated attack” on Ether and might be used as justification for rejecting or delaying spot ETFs. On March 20, Fortune disclosed that the SEC had sent subpoenas to companies connected to the Ethereum Foundation, sparking speculation about an effort to designate ETH as a security.
Coinbase’s chief legal officer, Paul Grewal, responded to the announcement by arguing that ETH is not a security and referencing SEC Chair Gary Gensler’s prior testimony to support his position. Eleanor Terrett, a reporter for Fox Business, went so far as to say that the subpoenas might be the reason behind the securities regulator’s apparent reluctance to interact with potential spot Ether ETF issuers. Bloomberg ETF analysts Eric Balchunas and James Seyffart’s recent reduction in the likelihood of an approved spot ETH from 70% to 25% by May was due to the regulator’s apparent lack of involvement.
Monero (XMR) Demonstrates Strong Market Performance
Monero is a digital currency that enables private money transfers and receipts. It hides transaction details using unique technologies, making it challenging to link payments to specific users with this method. The equal opportunity principle underlies XMR’s mining process, which promotes justice and equity for all parties involved.
Monero has recovered remarkably despite being delisted from Binance and going through a significant price decline. At about $140, XMR shows a 13.29% rise over the previous month. Positive technical indications and a high Fear & Greed Index score bolster this recovery, indicating a promising future for XMR investors.
Celestia (TIA) Redefines Blockchain For Security and Scalability
As a Layer-1 blockchain, Celestia creates a strong foundation for cutting-edge modular rollups. TIA aims to address the problem of scalability by separating data from execution layers and providing a seamless solution. The TIA token experienced a recent increase, hitting a record high of over $12. This partnership highlights Celestia’s innovative data availability approaches while supporting blockchain technology’s scalability and operational effectiveness. The market’s confidence in staking and TIA’s modular technology, which aims to address scalability challenges, are reflected in the token’s 22% price increment. This indicates significant market conviction in the top DeFi project’s long-term prospects.
Conclusion
The regulator’s lack of cooperation with potential spot Ether ETF issuers may be attributed to the SEC’s reported inquiry into the Ethereum Foundation. Due to its cutting-edge potential, elite investors have noticed InQubeta, a competitor to Monero and Celestia. Under its innovative funding approach and open ecosystem, InQubeta has become a well-known participant in the market. With strong community backing and a dedication to innovation, InQubeta is well-positioned to spearhead the upcoming wave of AI developments, opening the door for quicker growth and development.
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