VanEck Files With SEC For Ethereum ETF – May 10

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $57,973

Bitcoin price tested recent highs multiple times over the weekend, failing to hold above $59,000 overnight.

Top-20 altcoins have performed well over the last 24 hours, as Ethereum gains 6% to break the $4,000 milestone, Dogecoin bounces back 12% and Stellar stands out with a 29% rise.

Top Stories for May 10, 2021 πŸ”₯

πŸ‘‰ VanEck Files With SEC For Ethereum ETF

VanEck, a well-known asset management firm, has filed with the Securities and Exchange Commission (SEC) for an Ethereum exchange-traded fund (ETF).

The fund would be a trust holding Ether (ETH), with its share value based on the average market rate of the Ether held in the trust.

VanEck also recently re-filed for a Bitcoin ETF, however no ETFs have been approved in the US to date for any cryptocurrency.

πŸ‘‰ Elon Musk Mentions Dogecoin On SNL, Price Falls

Dogecoin earned a mention by Tesla founder Elon Musk on Saturday Night Live during the weekend, in a much-anticipated TV segment.

The coin’s price did not respond well, as it fell 22% after the show began. The coin had a strong run-up to the show, however, jumping 73% during the week before Saturday.

πŸ‘‰ Rari Capital Hacked For $10M, Developer Fund To Compensate Victims

Decentralized finance (DeFi) protocol Rari Capital was exploited for $10 million worth of Ether over the weekend, equal to about 60% of user funds in the affected pool.

Protocol contributors voted for 2 million of the platform’s native RGT tokens – allocated as developer incentives – to be used as reimbursement for the hack’s victims.