summary
Ethereum’s popularity has soared after the U.S. Securities and Exchange Commission closed a specific investigation into the asset and Pantera Capital announced plans to invest $100 million in a Spot ETH ETF. Other cryptocurrencies trending recently include the Trump-themed DJT token, ENS, and Fetch.ai (FET), which has seen a 30% price increase.
Most Attention
Cryptocurrency market intelligence platform Santiment has revealed that Ethereum (ETH) has seen the biggest surge in trader interest recently.
The second-largest cryptocurrency by market cap could be trending due to the actions of the U.S. SEC. Earlier this week, the regulator informed ConsenSys that it was closing its investigation into Ethereum 2.0, meaning it would not pursue accusations that sales of ETH were securities.
“The end of the Ethereum investigation is significant, but it is not a panacea for the many blockchain developers, technology providers, and industry participants who have suffered under the SEC's unlawful and aggressive cryptocurrency enforcement regime,” ConsenSys added.
Santiment explained that Ethereum’s growing popularity could also be due to Pantera Capital’s intention to purchase $100 million of the asset, a plan that was revealed by Bloomberg’s James Seifert, who claimed the firm would allocate the funds to the Bitwise Spot ETH ETF.
Another cryptocurrency that has attracted a lot of interest from traders is the new Donald Trump-themed token DJT, which was initially speculated to be launched by the former US president and spearheaded by his 18-year-old son, Barron Trump.
Recently, Martin Shkreli, a former inmate who served several years in prison for financial fraud, publicly disclosed his role in the creation of the memecoin.
The list goes on
Other cryptocurrencies that have become increasingly popular recently include GCR, ENS, PENDLE, XLM, WAMPL, ARKM, FET, and USDT.
Ethereum Name Service (ENS) may have received additional attention from U.S. securities regulators following news regarding ETH.
Meanwhile, Fetch.ai experienced a price increase of about 30% per day. The rise in AI-related cryptocurrencies has coincided with NVIDIA's success and market cap. As reported by CryptoPotato, the tech giant has become the largest company by market cap (more than $3.33 trillion), surpassing Microsoft ($3.31 trillion).
Another announcement that may have had a positive impact on FET’s price is that Fetch.AI, Ocean Protocol, and SinguralityNET will be integrating the token, with Binance being one of the major cryptocurrency exchanges supporting the initiative.
