The recent US regulatory shift toward approving exchange-traded funds for Ether has sparked increased optimism about its potential gains. This development spurred a 26% surge in Ether’s value over the past week, its most significant weekly gain since the 2021 crypto bull market. This surge reflects increasing confidence in Ether’s outlook, especially given the success of US spot-bitcoin ETFs, accumulating billion in assets. However, uncertainties persist regarding investor appetite for Ether compared to Bitcoin, given its lesser-known status. Spot-Ether ETFs may face limited appeal due to their exclusion from staking, dampening interest versus direct token ownership. As with the volatile crypto market, only time will tell if these developments will sustain Ether’s upward trajectory. Biggest Crypto Gainers Today – Top List Starting the week with bullish sentiment, only 36% of cryptocurrencies experienced value gains in the last 24 hours amidst a total trading volume of $ 334.05B. Today’s top crypto gainers—Flux, Decred, SafePal, and WOO Network—distinguish themselves through unique project Features and significant price growth. Flux leads with its Proof of Useful Work initiative, fostering Web3 innovation. Decred’s hybrid consensus approach ensures active network governance participation. SafePal excels in providing secure asset management solutions. WOO Network is a beacon for fostering liquidity and security in centralized and decentralized finance. Let’s investigate their utility and innovative approaches driving crypto adoption and growth. 1. Flux (FLUX) With around 15,000 decentralized nodes globally, Flux is the largest decentralized network to foster the Web3 decentralized Internet. It boasts robust computational resources and a commitment to innovation. Flux’s unique Proof of Useful Work (PoUW) initiative transforms traditional PoW chains. It redirects GPU-mined computational power to solve real-world challenges, thus enhancing blockchain sustainability and utility. FLUX fuels the ecosystem, enabling resource purchases and node collateralization on FluxOS. Additionally, it rewards miners and FluxNode operators for computational contributions. Flux announced the launch of its Fiat Payments OnRamp Solution integration with PayPal on May 23. This simplifies app deployment on FluxOS with fiat currency. It bridges the gap between traditional fiat currencies and the decentralized ecosystem. You can now deploy #apps on our FluxOS using fiat currency, eliminating the need to hold cryptocurrency. Learn more in @BusinessInsider
