Leading cryptocurrency asset manager Grayscale has abandoned plans to offer an exchange-traded fund (ETF) for Ethereum futures and withdrew its application for a rule change to the Securities and Exchange Commission (SEC) on Tuesday.The withdrawal notice for the proposed Grayscale Ethereum Futures Trust ETF does not specify why Grayscale changed its plans and only cites multiple delays raised by the SEC since it was first filed on September 19, 2023. Proposals will be reviewed on November 15, December 18 and finally on March 22 of this year.ETF analyst James Seyffart bloombergHe said it was an interesting move.“In my view, this…
Author: Crypto Flexs
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RD Technologies, a leading blockchain solutions provider, has entered into a strategic partnership with Chainlink, the industry-standard decentralized oracle network, to facilitate secure and reliable cross-chain transfers of the Hong Kong Dollar (HKD) stablecoin. This integration is an important milestone that will improve interoperability and accessibility within the cryptocurrency ecosystem, enabling seamless transactions across various blockchain networks. HKDR is a trustworthy and open stablecoin for payments and other purposes that supports the Hong Kong dollar 1:1. To explore the use of HKDR in B2B cross-border payments, virtual asset exchanges and tokenized real-world asset payments, RD Technologies has currently signed agreements…
Posted 1 minute ago In ~ Grayscale’s proposed listing and stock trading of its Ether futures exchange-traded fund has been withdrawn, according to a new document filed on Tuesday.grayscale application Ethereum ETH -1.96% According to the Securities and Exchange Commission (SEC), the Futures Trust ETF submitted by NYSE Arca, Inc. in September last year was withdrawn on May 3.“On May 3, 2024, the exchange withdrew the proposed rule change (File No. SRNYSEARCA-2023-63),” according to the filing.It is unclear why the proposal was withdrawn. NYSE Arca declined to comment. Grayscale did not immediately respond to a request for comment.The SEC previously…
The Starknet Foundation announced the launch of a $5 million grant program for 200 cryptocurrency project teams. According to the Starknet Foundation team, the initiative aims to provide funding of up to $25,000 in USDC to 200 cryptocurrency project teams to accelerate the growth of the Starknet ecosystem. Introducing the Starknet Seed Grant Program! 🌱The Seed Grant Program is a new initiative designed to provide teams with grants of up to $25,000 in USDC in non-dilutive funding to strengthen the growth of the Starknet ecosystem. https://t.co/b1XuqgTfqD pic.twitter.com/8Ux9jTLHNP— Starknet Foundation (@StarknetFndn) May 7, 2024 The Starknet Foundation aims to support projects…
The team behind Ore, a Solana-based proof-of-work cryptocurrency, won the “grand prize” at a hackathon sponsored by the Solana Foundation in April, despite the project significantly shaking up the blockchain.Ore won $50,000 USD Coin (USDC) for his efforts at the “Solana Renaissance Hackathon” on May 6th, which focused on finding Solana’s “next impactful projects.”However, the rapid increase in ore mining transactions and the recent memecoin craze were two of the main reasons for Solana’s transaction failure issues in mid-April. This issue initially led to the cancellation of over 70% of non-voting transaction requests. example.The Solana Foundation stated that recent network…
Susquehanna International Group, LLP (SIG), a global trading, technology and investment firm, holds more than $1.8 billion in Bitcoin exchange-traded funds (ETFs), according to a 13F-HR filing with the Securities and Exchange Commission (SEC). It was revealed. ), which provides a detailed analysis of SIG’s investment portfolio.According to the filing, the investment firm’s largest position was in the Grayscales Bitcoin ETF GBTC, totaling $1,091,029,663. The document also states that SIG holds positions in ARK 21SHARES BITCOIN ETF, BITWISE BITCOIN ETF TR, BITWISE FUNDS TRUST (BITCOIN AND ETHER), FIDELITY WISE ORIGIN BITCOIN, FRANKLIN TEMPLETON DIGITAL BITCOIN ETF, GLOBAL It turns out…
The QAN platform has launched the world’s first quantum-proof blockchain testnet compatible with the Ethereum Virtual Machine (EVM), enabling the development of quantum-proof smart contracts.According to an announcement from QANplatform shared with Cointelegraph, the new testnet will allow developers to write smart contracts using any programming language.Johann Polecsak, co-founder and chief technology officer of the QAN platform, told Cointelegraph:“Centralized entities such as governments, businesses and organizations can transition their IT security to post-quantum encryption much more easily than blockchain platforms.”Post-quantum security has been a major concern since December 2023, when the second largest quantum processor, IBM Condor, was launched with…
The RWA market grew by leaps and bounds in the last quarter. Tokenized government bonds, including BlackRock’s USD Institutional Digital Liquidity Fund, Superstate’s Short Duration US Government Securities Fund, and Ondo’s USDY, grew 41% to approximately $1.3 billion, driven by significant institutional interest and innovative product launches. Let us summarize the key developments and trends in the sector.
Ethereum (ETH) price continues to underperform Bitcoin’s 2024 gains, but Glassnode analysts suggest there could be brighter days ahead.“Weak capital turnover” is behind Ether’s price underperformance.Data from Cointelegraph Markets Pro and TradingView shows that Ethereum has underperformed Bitcoin over the past two years, causing the ETH/BTC ratio to weaken, reaching $0.04622 on May 1, its lowest since April 2021. ETH/BTC weekly chart. source: TradingViewGlassnode said Ethereum’s underperformance this cycle compared to Bitcoin was due to a “measurable lag in speculative interest” in the STH cohort.The report defines the short-term holder group as “investors who have acquired coins within the past…
May 7, 2024 Los Angeles, USA, Chainwire Global brands and talent can use Ethernity’s technology to store their IP on chain and engage with fans through next-generation content and experiences. Ethernity, the renowned platform for authenticated and licensed NFTs with icons such as Lionel Messi and Shaquille O’Neal, announces a breakthrough into its pioneering layer 2 solution on the Ethereum blockchain. This evolution is poised to transform the web3 entertainment landscape by directly addressing the challenges faced by major brands like Amazon, Marvel, and Warner Brothers as they embrace blockchain technology. Ethernity’s interactions with global entertainment brands revealed significant barriers…