Significant trading activity has already been produced since spot Ethereum ETFs first debuted on the U.S. stock market Tuesday morning. The exchange-traded funds amassed millions in total trading volume in less than an hour. At roughly 10:45 a.m. EST, or 75 minutes after the open, the funds reached $300 million
July 23, 2024 2 mins read
With CITI’s “buy” recommendation for Coinbase shares, the prominent cryptocurrency exchange has attracted a lot of interest from investors. The timing of this event, just before the exchange’s expected Q2 results report in early August, has sparked speculation as to why the market is so bullish. Coinbase’s rating has been
July 23, 2024 2 mins read
On July 22, the price of Solana reached $185, its highest point in the last two months, maintaining its bullish momentum, a climb of more than 3.5% in the previous 24 hours. Investors are becoming excited about the possibility of pro-crypto candidate Donald Trump winning, as the recent gains reflects
July 23, 2024 1 min read
Two Ethereum ETFs, one from Grayscale and one from Bitwise, will be listed and traded on the New York Stock Exchange Arca (NYSE Arca). This approval was formally announced by the exchange. In accordance with SEC filings, NYSE Arca has authorized the registration and listing of Spot Ethereum ETFs. These
July 22, 2024 2 mins read
The chief executive officer of blockchain firm Messari, Ryan Selkis, has resigned. Part of the reasoning for the choice was what happened last week leading up to the US presidential elections. Selkis has been outspoken on the necessity for transparent regulation of the cryptocurrency sector and other related laws. The
July 20, 2024 2 mins read
Jack Dorsey has chosen to halt support for the Bitcoin-friendly Cash App in the UK after six years of existence. Cash App, a consumer payments platform that facilitates funds transfers via mobile app, will leave the UK market on September 15. The decision is a result of the difficulties Cash
July 19, 2024 1 min read
Universal crypto app Venga has appointed Michael Stroev as the CEO. The former COO and Head of Product of Nebeus is now leading Venga, an organization that aims to speed up the adoption of web3 by bridging innovations from the decentralized space and conventional finance. As a company, Venga is committed to helping
July 18, 2024 3 mins read
The sale of Lumia’s HyperNodes will usher in a new era for onchain liquidity and data availability. The zkEVM Layer 2 network Lumia has made its HyperNodes available for sale. Nodes may now be purchased at node.lumia.org, enabling the community to contribute to the Layer 2 decentralization effort and help Lumia
July 18, 2024 2 mins read
In an amended S-1 filed with US SEC on July 17, asset manager 21Shares detailed their plans to waive management fees for their 21Shares Core Ethereum ETF (CETH) completely for up to six months after listing, or until the fund receives $500 million. The fees were set at 0.21%. Moreover,
July 18, 2024 1 min read
Concerns over ETH staking are among the most contentious aspects of the upcoming spot Ethereum ETF. Among the most significant compromises that authorized issuers have been forced to make is to abandon their intentions for Ethereum staking. Commissioner Hester Peirce of the SEC has recently reignited optimism for the product,
July 17, 2024 1 min read
