Grayscale’s Ethereum Trust (ETHE) discount has narrowed to less than 10%, its lowest level since 2021, amid rising expectations of the approval of a spot Ethereum exchange-traded fund (ETF).As of May 21, the ETHE discount has narrowed to 6.66%, according to market data from YCharts. A “discount” refers to when ETHE shares are trading below net asset value (NAV).ETHE discount or premium. (Source: YCharts)ETHE began trading at a discount in early 2021 after Grayscale halted buybacks, reaching nearly 60% by the end of 2022.But that range will begin to narrow in 2023, after Grayscale won a significant legal victory against…
Author: Crypto Flexs
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The White House is opposing passage of the 21st Century Financial Innovation and Technology Act, also known as FIT21 or HR4763. “The administration opposes the passage of HR 4763, which would impact the digital asset regulatory structure in the United States,” according to a statement Wednesday. “The Administration will work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets and build on existing authorities to promote responsible development of digital assets and payments innovation and strengthen America’s leadership in the global financial system.” It will be helpful.”The White House said the bill currently lacks “sufficient protections…
Cryptocurrency trading for two Ethereum (ETH)-based altcoins is on the rise as the market expands more broadly, new data shows. According to market intelligence platform Santiment, well-funded investor activity is picking up in layer 2 altcoin OP (Optimism) and fan-centric cryptocurrency project Chiliz (CHZ). “As the cryptocurrency rebound grows (May 20), keep an eye out for increased whale activity among many altcoins such as Optimism and Chiliz. Sudden on-chain activity from the largest traders usually portends large volatility and OP and CHZ reversals.” Source: Santiment/X Bullish is trading at $2.80 at the time of writing, up more than 1% in…
Uniswap Labs, the creator of one of the largest decentralized trading platforms, is challenging a potential enforcement action by the U.S. Securities and Exchange Commission (SEC), arguing that cryptocurrency tokens should not be classified as securities. The New York-based company recently refuted claims that it operated as an unregistered exchange and broker-dealer. This response follows a publication by the SEC. Wells Notice It has indicated to Uniswap Labs that it will recommend legal action against the company. Uniswap Labs disputes the SEC’s claims. in 40-page filing In a filing with the SEC, Uniswap Labs outlined several reasons why the agency…
index The cryptocurrency world has seen an impressive rally recently, with Pepecoin (PEPE) standing out. In the past 24 hours, the price of PEPE has surged 25%, reaching an all-time high of $0.00001177. This massive price increase occurred as PEPE’s market capitalization increased to $5 billion. This shows that investors believe PEPE can climb to new highs.Pepecoin’s sudden rise has caught the eye of experienced cryptocurrency investors like Jameson. Jameson is known for early discovery of promising alternative cryptocurrencies. He saw similarities between the current price chart of PEPE and the chart of Dogecoin (DOGE) before its significant rise in…
Binance Announces Removal of Margin Trading PairsBinance, a popular cryptocurrency exchange, recently announced plans to delist several margin trading pairs from its platform, according to an announcement on its official website. This process will take effect from 6:00 UTC on May 31, 2024.Details of delistingMargin trading pairs scheduled for removal include cross-margin pairs such as MDX/BTC, SEI/TUSD, and SUI/TUSD, and isolated margin pairs including ALPACA/BTC, ARKM/TUSD, CHESS/BTC, MDX/BTC, and SEI. /TUSD and SUI/TUSD.Additionally, Binance Margin will discontinue Isolated Margin borrowing for the aforementioned Isolated Margin pairs starting May 24, 2024 at 6:00 UTC. By May…
The UK’s Financial Conduct Authority (FCA) has approved asset manager WisdomTree to list its Bitcoin and Ethereum exchange-traded products (ETPs) on the London Stock Exchange (LSE). BREAKING NEWS: 🇬🇧 Approved by the Financial Conduct Authority. #Bitcoin ETP to be listed on the London Stock Exchange.Gradually and then suddenly 🚀 pic.twitter.com/hMjN24qRMl— Bitcoin Magazine (@BitcoinMagazine) May 22, 2024 The FCA has approved WisdomTree’s physical Bitcoin ETP to begin trading on May 28. The $111 billion AUM company will initially offer its products only to professional investors.The move follows the FCA’s announcement in March that it would no longer object to the listing…
Mind Network Expands Partnership with Zama to Launch Pioneering FHE AI Network – Chainwire housenewsroomMind Network expands partnership with Zama to launch pioneering FHE AI network 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 is necessary for the…
My name is Gavin Wood, co-founder of Ethereum, along with Vitalik Buterin and Jeffrey Wilcke, one of the three directors of Eth Dev, the NFP organization that manages the development of Ethereum (under contract with Ethereum Suisse). Blockchain. This is a small update to let you all know what’s been going on lately. I’m sitting here on a pristine sofa that dates back to the 1960s. (C++) This is a space that will be a rest and relaxation area that is the core of Ethereum development work. Surrounding me is Alex Leverington sitting in the Bond villain’s armchair, while Aeron…
WeatherXM AG, the startup developing WeatherXM, a weather-focused decentralized physical infrastructure network (DePIN), has raised $7.7 million in Series A funding led by Lightspeed Faction. Additional participation in this round included Protocol Labs, Borderless Capital, Arca, Alumni Ventures, Placeholder VC, Red Beard Ventures, Metaplanet, GS Futures, Consensys Mesh, Westerly Ventures, dlab, Eleftherios Diakomichalis, and Juan Benet. block. Manolis Nikiforakis, co-founder and CEO of WeatherXM, told The Block that WeatherXM’s board of directors will not change following the funding round and that WeatherXM will use the funds to continue developing crypto-enabled hardware, improve data quality and prediction algorithms, and Enlist the…