Remembering Jesse Xiong, BEN's Global Director of Community and blockchain education innovator. Plus why Ethereum ETF approval didn't boost prices.
Memorial of Jesse Xiong (1995-2023)
Remembering Our Blockchain Innovator
This edition is dedicated to the memory of Jesse Xiong, BEN's Global Director of Community, who passed away in 2023.
Jesse transformed blockchain education into something accessible and engaging. He founded the BlockHack initiative and organized Delaware's first blockchain hackathon in 2018. Known for his infectious energy, creative approach, and ability to inspire others, Jesse uniquely blended technology with music and creative pursuits.
His legacy continues through BEN's mission of being innovative, inclusive, and a little bit revolutionary.
Ethereum ETFs Were Approved -- So Why Isn't Ether's Price Soaring?
Despite SEC approval of Ethereum ETFs, Ether's price remained around $3,840 without significant surge.
Three key reasons:
- Persistent inflation concerns -- U.S. manufacturing sector remains heated
- Higher interest rates -- Federal Reserve maintaining elevated rates to combat inflation
- Competition for capital -- U.S. Treasuries offer predictable returns, drawing investors away from volatile crypto assets
Disclaimer: This newsletter is purely educational and is not intended to be financial advice.