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Fidelity and BlackRock have spearheaded a groundbreaking move in the cryptocurrency sphere by filing for spot Ethereum exchange-traded funds (ETF) with the Securities and Exchange Commission (SEC). Let’s find out more.
Bitcoin
The issuer of the world’s largest stablecoin, Tether, plans to make significant inroads into the Bitcoin (BTC) mining space with a significant investment of $500 million.
Crypto markets are remaining muted after an initial bright start on Tuesday because of the U.S. CPI data that was due to be published.
Robert Kiyosaki does not pull punches when it comes to revealing what our governments want, and his answer is to buy Bitcoin, gold, and silver.
Ethereum
The world’s largest asset manager, BlackRock, has officially filed an application for a spot Ethereum exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC).
Fidelity has decided to join rival BlackRock and double down on crypto, filing for a spot Ethereum ETF with the SEC.
DeFi
The dYdX Chain, a standalone Cosmos-based Layer 1 blockchain, has officially transitioned to its beta mainnet stage, marking a significant advancement in the decentralized derivatives trading arena.
Aave, the decentralized lending protocol, has successfully resumed its operations after facing security vulnerabilities earlier this month.
Technology
A report published by ZeroHash on Tuesday highlights the new wave of crypto adoption is being inspired by a perception of renewed trust in the sector.
Cryptocurrency exchange OKX has revealed that it is launching its own zkEVM Layer-2 testnet in partnership with blockchain developer Polygon Labs.
Business
Europe’s leading digital asset investor, CoinShares, has secured the buying rights to the exchange-traded fund (ETF) of its US counterpart, Valkyrie Investments.
South Korea’s National Pension Service (NPS) has recorded a highly profitable Q3 in 2023 by making significant profits on its $20 million investment in Coinbase shares.
Web3 infrastructure development firm Ankr has introduced Rollup as a service in partnership with Optimism to streamline the deployment of OP Chains for developers and businesses on the Superchain.
Marathon Digital Holdings’ recent quarterly earnings report revealed new specific strategies for the Bitcoin mining firm ahead of the Bitcoin Halving event expected sometime next year.
Cardano founder Charles Hoskinson has hinted at a potential collaboration with cryptocurrency exchange Kraken, extending a proposal to CEO Jesse Powell on plans for the exchange’s Layer-2.
Bithumb, a leading South Korean cryptocurrency exchange, is reportedly preparing for a public listing on the KOSDAQ (South Korea’s equivalent to the U.S.-based Nasdaq), aiming to be the first digital asset firm to do so.
NFT
The developer behind the Mutant Ape Planet non-fungible token (NFT) collection pleaded guilty on Tuesday to defrauding buyers in a $3 million rug pull.
Security
Solana Labs has dismissed a recent video by CertiK, stating that the blockchain security firm made several inaccurate claims about a potential security vulnerability in Solana’s Saga phone.
Despite taking precautions, the DeFi protocol Raft fell victim to a security exploit last week, which resulted in a total loss of $6.7 million worth of funds.
Crypto exchange Binance may have lost $27 million worth of stablecoins to a hack, according to crypto sleuth ZackXBT.
Blockchain security firm SlowMist has brought an unfortunate incident to light in which a user lost his crypto after using a fake version of a hugely popular app, Skype.
Regulation
Do Kwon, the ex-CEO and creator of Terraform Labs, had appealed to overturn a passport fraud conviction imposed by a Montenegro court. The court, however, rejected Kwon’s appeal and upheld the guilty verdict.
Gary Gensler, chairman of the Securities and Exchange Commission (SEC), was forthright in a speech, saying that the SEC is not a prosecutor of honest business, and neither will it prejudge.
Commerzbank is the first full-service bank in Germany to be granted a crypto custody license in what is a particularly difficult jurisdiction in which to do so.
The SEC has delayed its decision on the Hashdex spot bitcoin ETF application and Grayscale’s Ether futures filing.
DeFi protocol Opyn’s co-founders Zubin Koticha and Alexis Gauba have announced their resignation, influenced by recent regulatory developments, following actions from the Commodity Futures Trading Commission (CFTC).
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
