Ethereum News: CFTC Withdraws Advisories, Paving Way for Friendlier Regulatory Climate for Crypto Derivatives

In a move that could significantly impact the crypto derivatives market, the Commodity Futures Trading Commission (CFTC) has taken a major step towards creating a more favorable regulatory environment for digital assets in the United States.

CFTC Removes Regulatory Hurdles for Crypto Derivatives Market

The CFTC has withdrawn two advisories that hinted at tougher oversight for crypto products. This decision indicates a friendlier regulatory climate for digital assets in the US, given the Trump administration’s pro-crypto stance. The withdrawal of Staff Advisory No. 23-07 and No. 18-14 by the Division of Clearing and Risk (DCR) is effective immediately, amid the commodities’ regulator’s push toward regulatory consistency. The decision suggests a shift in treating digital asset derivatives, like those on Ethereum (ETH), as traditional finance (TradFi) products.

Ethereum Struggles: Bloomberg Examines ETH’s Poor Performance

Ethereum’s price has seen one of its worst first-quarter performances ever, with ETH down by nearly 50% in the last three months. While part of this can be attributed to the uncertain market climate, deeper issues within the second-most valuable crypto ecosystem may also be at play. Bloomberg recently weighed in on these struggles in a March 29 report.

Ethereum MVRV Ratio Approaches 160-Day MA Crossover, Accumulation Trend Anticipated?

Ethereum has fallen below the critical $2,000 level, leading to increased selling pressure and bearish sentiment. Analysts warn of a potential deeper correction. As Ethereum declines, the broader crypto market also feels the impact, relying on ETH’s strength for recovery. Investors are closely monitoring for signs of stabilization or fresh accumulation, with one promising signal coming from Glassnode’s MVRV ratio.

Ethereum’s New Roadmap to Boost Scalability

Ethereum co-founder Vitalik Buterin has unveiled a roadmap to enhance the scalability and security of Ethereum’s Layer 2 solutions. The proposal introduces a multi-proof model to improve transaction finality and reduce reliance on a single proof method. While this update boosts scalability, Ethereum’s ecosystem still faces challenges, especially regarding potential liquidations tied to large ETH holdings. As the price of ETH remains volatile, the risk of forced liquidations looms, keeping market participants on edge.

Ethereum Faces Pressure, Analyst Eyes $1,200-$1,300 Acquisition Zone

Ethereum is under pressure after weeks of selling and weak price action. Bulls have failed to regain control since January, and ETH continues to lose value amidst market fear and uncertainty. Global financial markets are also volatile due to trade war fears and geopolitical tensions, driving investors away from high-risk assets like cryptocurrencies. Top analyst Big Cheds recently shared a technical analysis showing Ethereum could hit the $1,200-$1,300 level as a potential acquisition zone.