ProShares filed an S-1 registration statement for its spot Ethereum ETF on June 11, confirming and expanding the roles of various fund participants.According to the filing, Coinbase Credit will act as the company’s trade credit lender, allowing it to borrow Ethereum (ETH) and cash for certain transactions that exceed the transaction balance.The Bank of New York Mellon acts as transfer agent, processing purchase and redemption orders and maintaining records of ownership of the Funds.The filing also details previously disclosed roles, including BNY Mellon’s role as administrator and cash custodian, Coinbase Custody’s role as Ethereum custodian, Coinbase Inc.’s role as principal…
Author: Crypto Flexs
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Bitcoin (BTC) returned to the $67,500 level on June 12 after a rout among cryptocurrencies triggered massive exchange withdrawals.BTC/USD 1-hour chart. Source: TradingViewTraders not surprised by weak BTC price actionData from Cointelegraph Markets Pro and TradingView shows BTC prices stabilizing as markets brace for US macroeconomic events.Bitcoin fell to $66,000 in consecutive days the previous day, which led to long-term liquidations totaling more than $50 million, per data from monitoring resource CoinGlass.Liquidating BTC (screenshot). Source: CoinglassThis event was consistent with a pattern previously seen before the Federal Reserve meets on interest rates, the latest to be released that day with…
A cryptocurrency analyst known for making timely Bitcoin calls believes that BTC is set to make a final correction before exploding to new record highs. pseudonymous analyst Bluntz told his 261,200 followers on social media platform X that Bitcoin appears to be forming a bull pennant pattern on the three-day chart. According to analysts, BTC could see a decline close to $60,000 to set the stage for a rally above $80,000. “At the moment, we are leaning toward some degree of BTC consolidation. I think it makes the most sense, but what’s more worrying is that Alts are collapsing and…
Solana extended losses below the $150 support area. SOL price is consolidating and may recover once it breaks out of the $152.50 resistance area. SOL prices fell further and were even trading below $150 against the US dollar. The price is currently trading below $160 and the 100-hour simple moving average. The hourly chart of the SOL/USD pair has a bearish trend line connected to it, forming at $150 resistance (data source from Kraken). The pair could clear the $152.50 resistance to start a short-term recovery wave. Solana Price Eyes Recovery Solana’s price remained in a bearish region for a…
join us telegram A channel to stay up to date on breaking news coverage Ethena price prediction resumes its decline after reaching a daily high of $0.728, but buying interest may increase as it approaches $0.730. Ethena (ENA) price prediction amid falling cryptocurrency fear and greed index ENA fell for eight straight days, setting a record for its longest losing streak. On Tuesday, it fell to a low of $0.07400, marking the lowest level since May 20. The cryptocurrency has lost more than half its value since its peak earlier this year. Ethena forecast statistical data: Current Ethena price –…
Hong Kong’s finance minister said the spot subscription and redemption functions of the city’s six spot cryptocurrency exchange-traded funds provide more flexibility for investors as the city continues its efforts to become a regional cryptocurrency hub.Financial Services and Finance Minister Christopher Hui touted Hong Kong’s web3 policy during a visit to several European forums last week in a blog post published on Tuesday, adding that the government has implemented a series of regulations on cryptocurrencies and tokenization. Yes. .“In terms of product innovation, the first of six virtual asset spot ETFs in Asia was listed in Hong Kong last April.…
Raoul Pal, CEO of Real Vision, claims that about two-thirds of net inflows into physical Bitcoin exchange-traded funds (ETFs) could come from arbitrage. “If this is correct, it means the majority of ETF flows are just arbitrageurs and retail is not yet the primary driver,” Pal said in a June 11 post, referring to data presented by cryptocurrency analyst and MV Capital partner Tom Dunleavy. said. .Data shows that the ‘top 80 holders’ of US-based spot Bitcoin (BTC) ETFs were hedge funds, which raise funds from a variety of institutional and individual investors.Source: Raoul PalAccording to Farside Investors data, 80…
Bitget Announces PoolX Listing on IO Net (IO) to Drive Decentralized ML Application Development – Chainwire housenewsroomBitget Announces PoolX Listing of IO Net (IO) to Drive Decentralized ML Application Development We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access…
Introduced in the previous post Ethereum Script 2.0 We’ve received many responses, some very supportive, others suggesting a switch to their preferred stack-based/assembly-based/functional paradigm, and offering a variety of specific criticisms that we are looking hard at. Perhaps the strongest criticism this time came from: Sergio Damian LernerBitcoin security researcher, developer of QixCoin and thanks for his hard work. dagger analysis. Sergio particularly criticizes two aspects of the change: the fee system, which is changed from a simple single variable design where everything is a fixed multiple of BASEFEE, and the loss of the cryptographic opcode. Cryptographic opcodes are the…
OpenAI announced a strategic partnership with Oracle and Microsoft to expand the Microsoft Azure AI platform to include Oracle Cloud Infrastructure (OCI). According to Oracle’s official announcement, this collaboration aims to provide additional capacity to OpenAI’s AI initiatives. Strengthening AI capabilities OpenAI, the organization that operates ChatGPT, a popular generative AI service with over 100 million monthly users, will leverage OCI’s advanced AI infrastructure. Sam Altman, CEO of OpenAI, expressed his enthusiasm for the partnership, saying, “OCI will expand Azure’s platform and enable OpenAI’s continued expansion.” OCI’s cutting-edge infrastructure Oracle’s Gen2 AI infrastructure is designed…