The Ether (ETH) price exploded higher on Monday as traders bet that the SEC will approve Ethereum ETFs as soon as this week following the emergence of rumors of a major SEC u-turn.

In response to the Securities and Exchange Commission (SEC) ‘s increasing regulatory scrutiny of the cryptocurrency industry, a small group of community members launched a decentralized anti-SEC memecoin called NotWifGary (NWG) on May 16.

In a landmark case that has to be the first of its kind, two brothers, both graduates of the prestigious Massachusetts Institute of Technology (MIT), were apprehended and charged on May 15 with exploiting a vulnerability in the Ethereum blockchain. 

The US Securities and Exchange Commission (SEC) has yet to decide on spot Ethereum exchange-traded funds (ETFs). On May 16, Billy Markus, co-founder of Dogecoin, voiced his doubts about their approval, saying that the SEC is “compromised” and may not approve the ETFs.

Ethereum restaking protocol EigenLayer has initiated its token-claim process, commonly referred to as an “airdrop,” for Season 1, Phase 1 rewards.

Eclipse Labs founder and CEO Neel Somani has announced he will be “temporarily reducing” his role as the public face for the firm following serious allegations of sexual misconduct.

The world’s largest cryptocurrency asset manager Grayscale Investments withdrew its application for an Ether futures exchange-traded fund (ETF) just three weeks before the US Securities and Exchange Commission (SEC) was set to rule on several spot ETH ETFs.

Non-fungible token (NFT) platform Ethernity, said it has switched to an artificial intelligence (AI) enhanced Ethereum Layer 2 network with new capabilities allowing the firm to combat counterfeit asset trading.

Polygon, a prominent Ethereum layer-2 developer, has introduced the alpha version testnet of its latest zero-knowledge (ZK)-rollup solution named Miden.

The Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the Invesco Galaxy spot Ethereum exchange-traded fund (ETF).

House Financial Service Committee Chair Patrick McHenry took to X on April 30 to claim United States Securities and Exchange Commission (SEC) Chair Gary Gensler “knowingly misled Congress when pressed on the classification” of Ethereum (ETH) in his testimony to the Financial Services Committee last April.

The United States Securities and Exchange Commission (SEC) and its Chair Gary Gensler appear to have believed Ether (ETH) was a security for at least a year-long period, according to Monday findings.

Reaching a major milestone, Lido Finance, the leading liquid staking protocol on Ethereum, now controls over 28.5% of all staked Ether, raising questions about the potential of DeFi to challenge traditional finance (TradFi).

Tron CEO and founder Justin Sun said it is unlikely an Ethereum exchange-traded fund (ETF) will be approved in May with the cryptocurrency in need of “long-term education with regulators.”

Asset management firm Franklin Templeton has listed its Ethereum exchange-traded fund (ETF) under the ticker EZET on the Depository Trust and Clearing Corporation (DTCC) website.

NFT art collection CryptoPunks has sold another record-breaking piece entitled CryptoPunk 635 on the Ethereum blockchain for $12.38 Million ETH, the collection announced Thursday in a statement to X.