Announcements Gate Research: Ethereum Spot ETFs Go Live, Mt. Gox Creditors Begin Receiving Compensation

Gate Research: Ethereum Spot ETFs Go Live, Mt. Gox Creditors Begin Receiving Compensation

2024-07-25 10:11:20 UTC 5691 Read

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[Gate Research: Ethereum Spot ETFs Go Live, Mt. Gox Creditors Begin Receiving Compensation](https://www.gate.io/learn/articles/ethereum-spot-etf-go-live-mt-gox-creditors-begin-receiving-compensation/3614?ch=GSW_ann_20240725_20240725&utm_campaign=TR_526tXnuj&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

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Gate Research's Weekly Market Review and Outlook covers Bitcoin and altcoin trends, macro capital flows, on-chain metrics analysis, hot project developments, token unlock information, and key industry conferences. This report provides comprehensive analysis and predictions for the cryptocurrency market.

First, in our **Market Analysis**, the SEC approved the listing of the Ethereum spot ETF, with the first-day trading volume reaching $1.054 billion. Additionally, some of the Mt. Gox claims have been transferred to creditors. IoTeX has released the 2.0 whitepaper, outlining a general infrastructure plan for the DePin sector.

Next are the **Key Data Highlights**. As net inflows into Bitcoin spot ETFs increase, the market capitalization of stablecoins has also seen a slight rise, indicating an acceleration of off-exchange funds entering the market. Ethereum gas fees remain in the single digits, and while on-chain activity showed a slight increase last week, it has continued to decline this week.

Moving on to **Market Opportunities**, the airdrop project to watch this week is Symbiotic. Launched in June 2024, Symbiotic is a restaking protocol designed to enhance the security of decentralized networks through flexible staking. The first round of funding raised $5.8 million.

Finally, for Next Week's Focus, attention will be on the Federal Reserve's interest rate decision for the period ending July 31, 2024, to be announced at 2:00 AM Beijing time on August 1, 2024. The previous rate was 5.50%. Additionally, the Ethereum community development conference ETH EDCON 2024 will be held next week, aiming to bring together influential industry leaders and projects from around the world to share information and insights.

Explore today's details  👉🏻 [Gate Research: Ethereum Spot ETFs Go Live, Mt. Gox Creditors Begin Receiving Compensation](https://www.gate.io/learn/articles/ethereum-spot-etf-go-live-mt-gox-creditors-begin-receiving-compensation/3614?ch=GSW_ann_20240725_20240725&utm_campaign=TR_526tXnuj&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

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Gate Research is a comprehensive blockchain and crypto research platform, providing readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

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July 26th, 2024

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