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. […]
SEC Delays Decision on Hashdex Ethereum ETF as Optimism Wanes
The Securities and Exchange Commission (SEC) has postponed its decision to approve the Hashdex Nasdaq Ethereum (ETH) exchange-traded fund (ETF). If approved, the Hashdex ETF will hold spot Ether and futures contracts. In a notice filed on Tuesday, the SEC stated that it would extend its decision deadline to May 30, 2024. The SEC explained, […]
Grayscale Seeks to Add Staking for its Proposed Spot Ethereum ETF
Grayscale Investments, the world’s largest crypto asset manager, is seeking to introduce staking to its proposed spot Ethereum (ETH) exchange-traded fund (ETF), according to a preliminary proxy statement filed on March 19. This move mirrors efforts by other firms, like Fidelity, which amended its spot ETH ETF application on March 18 to include staking services. […]
Ethereum ETF Amendment: Grayscale Awaits Imminent Approval
Grayscale’s Chief Legal Officer, Craig Salm, has announced that the company has submitted a revised Form 19b-4 for its Ethereum Trust to the U.S. Securities and Exchange Commission (SEC). Salm considers the move a crucial step in Grayscale’s effort to upgrade ETHE to start trading on the New York Stock Exchange (NYSE) Arca. In his […]
Ethereum L2s Show a Significant Drop in Transaction Fees After Dencun Upgrade
The Dencun upgrade went live on the Ethereum (ETH) network on March 13, which resulted in a significant decrease in the transaction fees on Layer-2 (L2) chains like Optimism, zkSync, Arbitrum, and Coinbase’s Base. Dencun is a scalability-focused upgrade on the Ethereum mainnet, with many considering it one of the most important upgrades since the […]