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Following the SEC’s endorsement of the 19b-4 forms, the gradual progression toward listing funds on exchanges has begun. One of the major steps is to have listings at Depository Trust and Clearing Corporation (DTCC) such as Fidelity’s Ether spot ETF alongside BlackRock, VanEck, and Franklin Templeton products. Fidelity’s Significant Listing Fidelity which is one of…
The evening in the cryptocurrency market was full of events. However, the latest update in Bloomberg raises hope that Ethereum ETF applications could now be approved with a probability of 75% while the price surges are very much evident on the market. People anticipated that the US Securities and Exchange Commission (SEC) would deny the…
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), reiterated his stance on cryptocurrencies during a recent television appearance. When asked about Ether ETFs, he stated, “These requests are currently under consideration… A 5-member commission will make a decision,” yet he refrained from disclosing further details. Similar Remarks on Cryptocurrencies In light…
Tether Treasury’s Latest Move According to the Whale Alert data, Tether Treasury put 1 billion USDT into the Ethereum blockchain on (date). This significant transaction occurred at 17:43:59 Beijing local time on the 19th of April. Tether’s CEO Paolo Ardoino confirmed that the massive addition was rather a provisioning to their Ether holdings. This mechanism…
Bored Ape Yacht Club #9258, previously under the ownership of renowned American comedian Kevin Hart, has recently changed hands for approximately 13.26 ether ($46,200). This transaction unfolded today on Blur, a non-fungible token exchange platform, following several exchanges over the weekend. The sale, notably, reflects a substantial decrease in value compared to Hart’s initial investment…
Elon Musk, known for his keen interest in technological advancements, recently directed an inquiry towards Vitalik Buterin, the co-founder of Ethereum, regarding his transition from Twitter to the Web3 social media platform, Farcaster. This inquiry surfaced following a tweet from Autism Capital, expressing the sentiment that Buterin ought to reconsider his absence from Twitter. Buterin’s…
Since embracing the Proof of Stake (PoS) system 1.5 years ago, the Ethereum network has achieved a noteworthy milestone with over 25% of the total supply of Ether now engaged in Ethereum staking. Following the Shapella upgrade, stake rewards experienced a surge to 8.6%, subsequently settling at 4% during this timeframe. Transition and Impact of…
EigenLayer, the groundbreaking DeFi protocol revolutionizing the staking landscape with its “restaking” concept, has experienced rapid growth. Since reopening its Liquid Staking Token (LST) pools less than 24 hours ago, it has witnessed an influx of over 300,000 ETH, raising the upper limit to 500,000 ETH. Impressive Inflow of 325,000 ETH in Under 24 Hours…
In a recent announcement, the U.S. Securities and Exchange Commission (SEC) has extended the deadline for the evaluation of a proposed rule change by Grayscale. This modification pertains to the conversion of Grayscale’s Ethereum trust into an Ethereum spot exchange-traded fund (ETF). According to a report by Decrypt, the SEC anticipates requiring more than the…
Cryptocurrency markets have recently seen a resurgence in upward movements, and Ethereum (ETH), the largest altcoin in the market, made a notable breakout from its support level at $1,550 on September 12th. This recent move allowed the price to surge by approximately 6.8%, emboldening buyers to confront a critical resistance point. Cryptocurrency investors are closely…
Visa, the global payment giant, is taking another stride in its cryptocurrency experiments. This time, it aims to expand the stablecoin settlement arena by utilizing the USDC dollar stablecoin and the Solana blockchain for pilot programs with merchant buyers like Worldpay and Nuvei. A Well-Established Collaboration with Ethereum The global payment company is already collaborating…
During the Rare Evo blockchain event, Charles Hoskinson, the founder of Cardano, foresees ADA outpacing Bitcoin and Ethereum to become the leading cryptocurrency globally. Hoskinson shared this forecast, highlighting that his project presently ranks as the top blockchain in development activities. At the blockchain event, Hoskinson addressed the audience and revealed that, despite the crypto…