Cryptocurrency News: Cryptocurrency prices leapt Monday after Bloomberg increased its odds that the Securities and Exchange Commission will approve spot ethereum ETFs. Bloomberg ETF analysts Eric Balchunas and James Seyffart on Monday increased their odds that the SEC will approve VanEck's spot ethereum application to 75% from 25%. Nine issuers, including VanEck and ARK Investment Management, have filed with the SEC to list spot bitcoin ETFs.
BlackRock was sued for $20 million by a whistleblowing former vice president who said it fired him after he objected to a colleague's self-dealing, and was forced to shut down a search engine for monitoring client discussions about illegal investments, including in China. In a complaint on Saturday, Hamdan Azhar said the world's largest asset manager ordered him in March 2022 to stop work on Trend Spotter, which he had developed, and transfer his projects to Rightpoint, where the husband of former boss Tiffany Perkins-Munn worked. The Brooklyn resident said he was fired two months later after objecting persistently to a $2 million contract that BlackRock awarded Rightpoint before Perkins-Munn's own resignation, calling it "illegal self-dealing."
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