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Produced by Daniel Aharonoff & Mogul Media AI

Ethereum Crashes Below $2,000 as Nvidia Shock Hits Crypto

Ethereum Just Lost $2,000 — And the Dip Buyers Are Betting on Something Bigger Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I've watched Ethereum test the $2,000 line plenty of times. Usually it holds. Usually the buyers show up, the line bends, and the story ends with a bounce. Today was different. Ethereum didn't just test $2,000 — it lost it, falling to $1,996.52 in early U.S. trading on Thursday, November 12, 2026, its first trade below the psychological line since August 19. Some data feeds put the intraday low even lower, at $1,983.82. And here's the twist that makes this more than just another red day: the trigger didn't come from crypto at all. It came from Nvidia. The chip giant's CEO, Jensen Huang, resigned, AI stocks sold off hard, and Ethereum — the asset Wall Street keeps insisting is the "AI blockchain" — got dragged down with them. So now the market is split in a way I haven't seen in weeks. On one...
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Produced by Daniel Aharonoff & Mogul Media AI

Understanding the SEC's Deadline Extension for Fidelity's Ethereum ETF: Expert Analysis and Predictions

The U.S. Securities and Exchange Commission (SEC) has extended the deadline for a decision on Fidelity's proposed spot Ethereum ETF to March 5. The SEC stated in a Thursday filing that it requires additional time to thoroughly review the proposed rule change and the related concerns raised. Bloomberg Intelligence ETF analyst James Seyffart noted that the delay was expected, highlighting late May as the significant timeframe. Seyffart's colleague Eric Balchunas expressed optimism about the approval of an Ethereum ETF in 2024, citing a 70% chance of approval by May. Balchunas emphasized that the SEC's previous approval of Ethereum futures ETFs has created pressure for approving a spot ETF to avoid legal repercussions, similar to the situation with Bitcoin ETF applications. SEC Chair Gary Gensler, following the recent approval of spot Bitcoin ETFs, clarified that the decision was specific to ETPs holding non-security commodities like Bitcoin and does not indicate a broader approval stance towards crypto asset securities. Gensler refrained from definitively categorizing Ethereum as a security or commodity during his tenure as SEC chair.

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