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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling the Potential of Ethereum ETFs: A Comprehensive Overview

As the approval of exchange traded funds (ETFs) providing investors with exposure to Ethereum (ETH) looms on the horizon, British multinational bank Standard Chartered has projected an optimistic outlook. In a recent report, the bank forecasted that the U.S. Securities and Exchange Commission (SEC) would likely greenlight spot ETH ETFs by the final deadline of May 23. With the potential approval of these investment vehicles, Standard Chartered anticipates the value of ETH could surge to $4,000 once trading commences. Currently priced at $2,372 according to CoinGecko, ETH reached an all-time high of $4,878 in November 2021. Notably, a number of prominent firms, including Wall Street giant BlackRock, have put forth proposals for their own spot ETH ETFs, seeking to offer investors exposure to the second largest digital asset without the necessity of direct acquisition and custody. Here are some key points to consider regarding the potential approval and impact of ETH ETFs:

  • SEC Approval Likely: Standard Chartered posits that the SEC is inclined to approve spot ETH ETFs as the regulatory body has not classified ETH as a security, unlike some crypto assets that have faced scrutiny for potentially being unregistered securities.

  • CFTC Designation as a Commodity: The Commodities and Futures Trading Commission (CFTC) has long regarded ETH as a commodity, distinguishing it from securities and enabling it to be legally bought and sold.

  • Success of Bitcoin ETFs: Following the approval of 10 Bitcoin ETFs on January 10 after years of refusals, BTC investment products have seen successful trading. Standard Chartered's prior prediction of BTC reaching $100,000 per coin by the end of 2024 remains within reach, according to Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered Bank.

With the potential green light for spot ETH ETFs on the horizon, investors are eagerly awaiting the SEC's decision and anticipating the ripple effects on the value and accessibility of ETH in the financial market.

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