Ether ETFs Approved

The SEC approved the launch of the first spot ether ETFs. These ETFs will start trading this Tuesday. BlackRock and VanEck are among the eight approved issuers.

Ether ETFs are expected to make Ethereum accessible through traditional brokerage accounts.

While the new ETF launch may push ether prices to $6,500, analysts predict lower inflows compared to bitcoin ETFs. Steno Research estimates $15 billion to $20 billion in inflows for ether ETFs in the first year.

Kyle DaCruz of VanEck pointed out that, like Bitcoin being digital gold, Ethereum serves as an open-source App Store for blockchain applications.

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Airlines Face Turbulent Earnings

Record demand for summer travel hasn’t boosted airline earnings as expected. While more passengers are traveling, airlines have been forced to discount fares due to excess capacity.

American, United, Delta, and Southwest are reporting disappointing earnings.

American Airlines cut its profit forecast, citing weaker pricing in the domestic market. Southwest is also struggling with revenue due to Boeing's jet delivery delays.

Airlines' operating expenses are rising due to new labor contracts and higher maintenance costs.

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Google Decides to Keep Cookies in Chrome

Google decided not to eliminate cookies in its Chrome browser after four years of efforts.

Initially, Google announced in 2020 it would scrap cookies to enhance user privacy. However, advertisers objected, fearing their ad strategies would be disrupted.

Chrome already allows users to block cookies. Now, Google will simply prompt users to decide whether to turn them on or off.

Anthony Chavez, VP of Google's Privacy Sandbox, explained in a blog post that this new approach prioritizes user choice and involves ongoing discussions with industry stakeholders and regulators.

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Inflation Crisis in Turkey: Tourists and Locals Flee

Restaurants in Turkey’s holiday towns are half-empty this summer. Inflation has hit 91% in June in some areas. Turks and tourists choose Greece, where costs are lower.

Social media buzzes with complaints about high prices. People share stories of spending $640 on a meal in Bodrum.

A new fast-track visa program started in March. It aims to ease tensions between Turkey and Greece. This program has led more Turks to visit Greece.

Turkey reported a 25% decline in business due to tourists flocking to Greece.

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