Fidelity, one of the world’s largest asset management firms with a whopping $4.5 trillion in assets, has recently made a move to seek approval for a spot Ethereum (ETH) exchange-traded fund (ETF). This development comes as Fidelity filed a proposal with the United States Securities and Exchange Commission (SEC) on November 17th, outlining its plans
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Leading U.S. crypto exchange Coinbase has unveiled a groundbreaking protocol for on-chain payments, signaling a significant step towards revolutionizing the way cryptocurrencies are transacted. The new open-source Onchain Payment Protocol is a major update to Coinbase’s Commerce product, and it aims to simplify and standardize the process of on-chain payments across multiple platforms and networks.
The decentralized finance (DeFi) market has proven to be one of the most exciting and volatile sectors in the cryptocurrency industry, second only to Bitcoin (BTC). In 2020, the DeFi sector experienced a monumental bull market, with the total value locked (TVL) in decentralized finance protocols soaring from $1 billion to over $100 billion. However,
In a recent filing with the Securities and Exchange Commission (SEC), Fidelity Investments has thrown its hat into the ring by submitting a proposal for an Ethereum exchange-traded fund (ETF). This move follows their earlier proposal for a Bitcoin ETF, which showcases Fidelity’s interest and confidence in the cryptocurrency market. While Fidelity’s Ethereum ETF proposal
A recent report by Bloomberg analyst Eric Balchunas suggests that securities regulators are advising spot Bitcoin ETF applicants to handle funds in a specific manner. The report reveals that the Securities and Exchange Commission’s (SEC) Trading & Markets division has engaged with exchanges, urging ETFs to opt for cash creates instead of in-kind creations. This
The meme token BABYGORK has captured the attention of traders with its astounding 176% surge in the past 24 hours. This remarkable rise to $0.0004192 resulted in a staggering gain of nearly 10,000% since its listing on Uniswap just yesterday. Undoubtedly, such performance is impressive, but it is crucial for traders to approach this token
GS Partners, a prominent company operating in the Web3 domain, has recently found itself in the midst of a regulatory storm across various U.S. states. Accusations of violating securities laws, making false claims, and withholding information regarding the sale of unregistered tokenized assets to retail investors have been leveled against GS Partners and its affiliated
The recent price action in the cryptocurrency market has led some Ethereum (ETH) holders to panic sell and diversify into other layer-1 altcoins such as Solana (SOL) or Cardano (ADA). The concern among these investors is that ETH may not be able to replicate its performance from the previous bull cycle, where it reached an
As the possibility of U.S. spot Ethereum (ETH) ETFs becomes more realistic, experts are questioning whether their approval will have a significant impact on the market, similar to that of Bitcoin (BTC) ETFs. According to Bitwise, the world’s largest crypto index fund manager, the impact will not be as substantial. In this article, we will
The Bitcoin market is experiencing a retracement higher as bulls set their sights on a price target of $40,000. Cryptocurrency traders are showing a keen interest in Bitcoin Minetrix, a new stake-to-mine Bitcoin alternative, as its Initial Coin Offering (ICO) surpasses $4 million. Despite recent news regarding the delay of a decision on the first
