Revised proposal sparks interest In a significant development for cryptocurrency investing, several asset managers have revised their Ethereum ETF proposals. The updates, filed with the SEC on June 21, indicate that they are ready for a July launch. VanEck, BlackRock, Grayscale, Invesco Galaxy Digital, and Fidelity are among the firms fine-tuning their offerings.Competitive fee structure VanEck’s filing sets a competitive benchmark in the industry by disclosing a 0.20% management fee for the Ethereum fund. The move puts pressure on other asset managers like BlackRock to keep their fees low. Fidelity’s updated filing shows strong support from FMR Capital, which seeded…
Author: Crypto Flexs
Read More
Iris Coleman Sep 3, 2024 03:23 Binance will be performing wallet maintenance for BNB Smart Chain (BEP20) on September 5, 2024, which will result in the suspension of deposits and withdrawals for 2 hours. Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will be performing wallet maintenance for BNB Smart Chain (BEP20) on September 5, 2024. According to Binance, the maintenance is expected to begin at 07:00 (UTC) and last approximately 2 hours.Impact on deposits and withdrawalsTo support this maintenance, Binance will suspend deposits and withdrawals on BNB Smart Chain…
XRP Could Soar Amid Potential ETF Launch, Key Price Range Sets Foundation for Bullish Market Analysts suggest that XRP may soon have its last chance to surge and rally below $1. Ripple (XRP) stood at ~ $0.5511 At the time of writing, it was down 1.38% in the last 24 hours and 7.88% over the past week. XRP, which had a trading volume of $887.67 million over the last 24 hours, has a market cap of approximately $31.01 billion. Despite recent price volatility, XRP is showing stability around the $0.55 level, but traders should be aware of potential moves as…
Company • September 2, 2024 11:15 PM EDT Posted 1 minute earlier ~ in Global digital asset custody firm BitGo has added South Korean telecommunications giant SK Telecom and the country’s largest financial institution, Hana Financial Group, as major shareholders and strategic partners of the company’s Asia-Pacific subsidiary.Hana Financial Group has acquired a 25% stake in BitGo Korea, while SKT has acquired a 10% stake, BitGo CEO Mike Belsh said Tuesday at the Korea Blockchain Week 2024 event in Seoul. BitGo Korea is a joint venture with Hana Bank established earlier this year. BitGo first partnered with Hana Bank in…
Jorg Hiller Sep 3, 2024 01:43 The first Web3 gaming handheld, the SuiPlay0X1, is available for pre-order starting at $599. It integrates Sui games and Steam for a unique gaming experience. According to The Sui Blog, the pioneering Web3 gaming handheld, the SuiPlay0X1, is now available for pre-order. This first-of-its-kind device uniquely combines traditional and blockchain gaming experiences by integrating Sui games with popular gaming platforms like Steam. SuiPlay0X1 Features and Specifications Unveiled at Korea Blockchain Week, SuiPlay0X1 combines AAA gameplay with blockchain-based digital asset functionality. Gamers can enjoy their favorite titles from the…
BNB (BNB), the native token of the BNB chain, fell 16.1% between August 23 and September 2, dropping from a high of $598.80 to a low of $502.10. However, significant buying activity has been seen below $510, causing BNB to recover some of its losses and is currently trading at $517.Investors are concerned that BNB may have entered a bear market, especially since the token has not been able to hold above $610 since mid-June. Reduced activity on the BNB chain creates selling pressure BNB chain indicators show a decline in interest, especially in decentralized exchange (DEX) volumes. As a…
Please refer to our Privacy Policy, Terms of Use, cookie, and Do not sell my personal information has been updated.Coindesk is Award winning A media outlet covering the cryptocurrency industry. Its journalists adhere to the following: Strict editing policy. November 2023CoinDesk has been acquired. Owner of Bullish Group stress, A regulated digital asset exchange. Bullish Group is majority owned by: Block.one; both companies understanding We are engaged in various blockchain and digital asset businesses and hold significant amounts of digital assets, including Bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect the independence of its journalism.…
People • September 2, 2024 11:47 AM EDT Posted 1 minute earlier ~ in Trump-backed World Liberty Financial Named Dolomite co-founder Corey Kaplan served as an advisor on the project.Caplan co-founded Dolomite, a DeFi platform that describes itself as a next-generation money market platform and decentralized exchange. Since launching on Arbitrum One in October 2022, it has expanded its presence to other blockchain ecosystems, including Polygon’s zkEVM, Mantle, and X Layer, and offers a range of services, including margin trading, lending, and portfolio management.World Liberty Financial is an unreleased cryptocurrency project promoted by Donald Trump’s sons Eric and Donald Jr.,…
Alvin Lang 30 Aug 2024 17:32 Binance is launching FDUSD Lock product offering a fixed APR of 15.9% for a limited promotional period, increasing users’ earning potential. Binance has announced a promotion for its FDUSD Lock product. According to Binance, users can get a fixed annual percentage rate (APR) of 15.9% on their deposits during the promotion period. Promotion Details The promotion period is from 07:00 UTC on August 30, 2024 to 06:59 UTC on September 9, 2024. During this period, eligible users who subscribe to FDUSD Lock product can enjoy 15.9% APR. The…
Solana recorded $79 million in NFT sales in August. Ethereum is leading, with Solana in second place. The entire NFT market has taken a huge hit. Since the NFT craze peaked in January 2022, NFTs have fallen off a cliff. The market is a far cry from its peak of $17 billion in trading volume. Despite these low numbers, there is a silver lining, especially for chains like Solana: they have maintained a high ranking in NFT trading, right behind Ethereum. Solana lags behind Ethereum, ahead of Bitcoin Despite the overall downturn in the NFT market, Solana has some good…