SEC Pursuing "Energetic" Campaign to Deem ETH a Security, Blackrock Unveils Tokenized Fund on Ethereum
U.S. equities rose following yesterdayâs FOMC meeting, where Chair Powell struck a dovish tone and the committee’s dot-plot showed no meaningful revisions to rate cut expectations this year. The SPY (+0.33%) and QQQ (+0.44%) closed at record highs, surpassing $520.48 and $445.61, respectively. Crypto assets displayed a strong bounce following Powellâs comments yesterday but have since pared some gains. BTC (-4.08%) is trading at approximately $65.1k and ETH (-2.27%) is hovering near $3,250. Despite negative headlines surrounding Ethereum (more below), ETHBTC has gained 3.49% in the last two days, bouncing off the 0.05 mark. RWA-related tokens are outperforming over the last 24 hours, gaining 33% as Blackrockâs first tokenization fund on Ethereum has sparked a positive buzz about the sector’s future.