
This week, the financial markets are focused on two major events: Nvidia's Q1 2024 earnings report and the SEC's decision on an Ethereum ETF. Nvidia ($NVDA), a leading AI chipmaker, is expected to release its earnings on Wednesday, with analysts predicting strong performance and several brokerages, including Baird and Stifel, raising their price targets. The stock has seen significant interest, with options markets pricing in an 8% move post-earnings. Meanwhile, the SEC's decision on the Ethereum ETF, with deadlines on May 23 and 24 for VanEck's application, is highly anticipated. Coinbase estimates a 30-40% chance of approval, while prediction markets are more skeptical. The outcome could significantly impact Ethereum's ($ETH) price.























If ETH ETF approval surprises us this week, faces melt. If it doesn't, no big deal, it wasn't expected but now we have certainty it's coming. I think that's how simple it is--like when we get unemployment numbers up, it's instead a positive to affirm Fed won't raise rates.
Controversial blockchain firm Prometheum launches long-awaited Ethereum custody. (via @FortuneCrypto) https://t.co/HX6FvjF5mU
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