ETH price drops 6% as Ethernet Foundation investigated

2024/03/20 17:49

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Ether (ETH ) fell as much as 6% on Wednesday as hopes of regulatory approval for U.S. spot exchange-traded funds (ETFs) waned, with the second-largest crypto-asset by market capitalization dropping to $3,200. Bitcoin (BTC) fell to about $62,000 after previously approaching $64,000. the CoinDesk 20 Index (CD20) fell 3 percent. Ether's decline intensified after CoinDesk reported that the ethereum foundation was being investigated by a "state agency". Later, Fortune reported that the U.S. Securities and Exchange Commission (SEC) is working to classify the Ether blockchain's native tokens as securities and has begun an investigation after Ether shifted to a proof-of-equity network.

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A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46