Ethereum
Ethereum Massive Sell-Off Shakes Crypto Market
A crypto whale made waves in the Ethereum market by selling a staggering 2,000 ETH for a whopping $6 million in USDC. This transaction occurred just six hours after the value of each ETH was around $2,997. The renowned crypto analytics firm Spot On Chain unveiled the details of this major market movement. They shed […]
Ethereum Restaking Raises Concerns over ‘Hidden Risks’: Coinbase Report
Ethereum restaking could form the ‘bedrock’ for a wide range of new decentralized applications on the blockchain. However, it could also introduce several new hidden risks, says Coinbase. In a research report released on April 2, analysts David Han and David Duong from Coinbase outlined various risks associated with restaking and issuing liquid restaking tokens […]
Ethereum ETF Hopes: BlackRock CEO & Advocates Speak
BlackRock remains hopeful about an Ethereum exchange-traded fund (ETF) hitting the market, even if regulators classify Ethereum as a security rather than a commodity. Larry Fink, the CEO, voiced this confidence as the Securities and Exchange Commission nears its May deadline to decide on applications from eight issuers seeking approval for such an ETF product. […]
Fidelity Takes Major Step Toward Launching Spot Ethereum ETF
As per the recent SEC filings, Fidelity has made the critical form submission of Form S-1 with the United States Securities and Exchange Commission (SEC) seeking consent to offer a spot Ethereum exchange-traded fund (ETF) with staking features. This registration is Fidelity’s first for the Ethereum ETF product. This was confirmed by Bloomberg analyst James […]
Coinbase Takes Action to Protect Ethereum Network
In a strategic business decision, Coinbase’s crypto exchange is now running half of its Ethereum validators on the new software. This is intended to prevent the Ethereum blockchain from being jeopardized by fatal flaws. It also symbolizes a large step forward in the journey to provide more options for execution clients on the Ethereum platform. […]
Munchables Hacker Returns Stolen $62.8M in Ethereum
In a dramatic turn of events, the Munchables developer responsible for siphoning $62.8 million worth of Ethereum from the Ethereum-based nonfungible token (NFT) game has opted to return the stolen funds. The saga began on March 26, at approximately 9:30 pm UTC, when Munchables reported a hack drained over 17,400 ETH from its GameFi app. […]
US Lawmakers Demand SEC Clarify Position On Ethereum in Prometheum Case
In a letter sent on March 26, the chairmen of the US House Financial Services Committee and the House Agriculture Committee asked Securities and Exchange Commission (SEC) chair Gary Gensler to clarify its position on crypto firm Prometheum’s plans to offer institutional custody services for Ethereum (ETH). They requested Gensler because of potential regulatory disparities […]
SEC Delays Grayscale Ethereum Futures Trust ETF Decision Again
In a recent development, the Securities and Exchange Commission (SEC) has once again delayed its decision regarding the proposed Grayscale Ethereum Futures Trust exchange-traded fund (ETF), as detailed in a recent filing. In the filing published on March 22, the SEC announced an extension of the deadline from March 31 to May 30 to determine whether […]
SEC’s Ethereum ETF Approval Delay Adds to Uncertainty
The US Securities and Exchange Commission (SEC) has postponed its decision on the Ethereum spot exchange-traded funds (ETFs) proposed by Hashdex and Ark 21Shares. In a notice filed on Tuesday, March 19, the new deadlines for deciding on the Hashdex and Ark 21Shares Ethereum spot ETFs are May 30, 2024, and May 24, 2024, respectively. […]