Posted 1 minute ago In ~ Cathie Wood’s ARK Invest and 21Shares spot ether exchange-traded fund offerings do not include staking. previously filingArkInvest/21 Shares includes a staking component called “Sponsor”. From time to time, you may stake a portion of the Trust’s assets through one or more trusted staking providers.” That specific language was not included in the updated version. filing On Friday. Bloomberg ETF analyst Eric Balchunas said the updated filing eliminating staking could have several implications. post On Friday “It may appear that they are refining the shape of the document based on comments from the SEC (which…
Author: Crypto Flexs
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Few would dispute the fact that Ethereum is blessed with one of the most diverse and thoughtful communities ever assembled around an open source project. With what can only be described as passionate determination, developers from all walks of life have risked their time and trust to pioneer this radical and little-known area of innovation. In fact, even before its birth, Ethereum already boasts hundreds of projects covering everything from self-stable currencies to potential replacements for government services. Today we are launching a new program to support and thank those who continue to make this journey with us. Introducing ÐΞVgrants.…
In addition to SociaFi’s increased activity, Franklin Templeton attributed the increase in Base’s activity to meme coins and the increased supply of Circle’s USDC stablecoin on the network. Depending on the The Ethereum Layer 2 blockchain developed by Coinbase Global Inc (NASDAQ: COIN) currently accounts for approximately 46% of all SociaFi (social finance)-related transactions, according to a report by Franklin Templeton, Base. With this significant market share, Base competes with other blockchains in the same niche, such as Polygon and BNB Chain. SociaFi applications as population grows According to a Franklin Templeton report, “Base has hit a home run in…
Users can now claim EigenLayer’s native token, but the team previously stated that EIGEN is non-transferable. The 120-day period to claim EIGEN began on May 10 and will run until September for the first phase of EigenLayer’s “stakedrop.” Participants can secure 6.05% of the 1.67 billion token supply during the distribution, with the second round of allocation increasing the available tokens by 0.7%. EigenLayer plans to share 113 billion EIGEN tokens to eligible users who deposit Ether (ETH) on its staking platform over the coming months. According to the Eigen Foundation, allocations will be paid out over multiple seasons and…
Demand for XMR has surged over the past few days. This happened despite proposed plans to shut down LocalMonero. Monero’s native coin, XMR, appears poised to extend its seven-day rally despite negative sentiment over the closure of LocalMonero, a peer-to-peer trading platform for privacy coins. May 7th, Local Monero presentation The platform reportedly disabled all new sign-ups and advertising postings for XMR. It added that new XMR transactions will be disabled on May 14 and the website will be shut down on November 7. XMR looks the other way. At press time, the popular privacy coin was valued at $132.52,…
Erik Voorhees, founder of Shapeshift, announced the debut of Venice, an artificial intelligence (AI) application that promises enhanced privacy and unrestricted freedom of speech. Unlike mainstream AI services, Venice is designed to operate without the typical “Orwellian” oversight of centralized platforms, providing a truly private and uncensored user experience. New AI on the Block: Venice(…)
The Justice Department designated Forensic Risk Alliance as Binance’s external watchdog after it pleaded guilty to violating U.S. money laundering regulations and trade sanctions. The Forensic Risk Alliance (FRA) was selected over Wall Street law firm Sullivan & Cromwell and several other major contenders, according to sources who requested anonymity due to the confidentiality of the matter. Neither the Justice Department, Sullivan & Cromwell nor FRA spokespeople had immediate comment. The monitor’s appointment followed Binance’s November plea agreement. The world’s largest cryptocurrency exchange also agreed to pay a $4.3 billion fine. Binance founder Changpeng Zhao pleaded guilty, agreed to step…
The Securities and Exchange Commission said Coinbase should reject its move to appeal the decision to regulators. Last month, Coinbase intermediate appeal according to the judge decision This is to ensure that lawsuits involving the SEC and platforms can proceed without being dismissed. In its appeal, Coinbase asserted a disagreement with the Howey test. It’s a 1946 U.S. Supreme Court case that the SEC often cites to determine whether assets qualify as investment contracts, or securities. The SEC countered Friday, saying there was “no substantive basis for disagreement.” “More broadly, it is clear that Coinbase does not like Howey and…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportU.S. banking giant Wells Fargo disclosed investments in several Bitcoin ETFs, according to a regulatory filing on Friday, becoming the latest institution to participate in the cryptocurrency-based vehicle.According to a filing with the U.S. Securities and Exchange Commission (SEC), the bank purchased shares of Grayscale’s GBTC spot Bitcoin exchange-traded fund (ETF) and Bitcoin ATM provider Bitcoin Depot. Depot Inc.) was also found to be exposed.The document also shows that the…
Salvor, a well-known peer-to-peer NFT and memecoin lending protocol built on the powerful pillars of the Avalanche C Chain, has joined the Avalanche Rush program. They participated in the Avalanche program with a maximum total of $1 million in $AVAX provided by the Avalanche organization. Salvor provides a vibrant peer-to-peer lending and borrowing ecosystem that allows users to leverage non-fungible tokens and meme coins to obtain financial support from AVAX. These NFTs play a key role in improving the financial flexibility and liquidity of the Avalanche framework. Avalanche Rush will be the mining utility that transforms Avalanche DeFi, creating an…