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🔸️Ethereum | Bitcoin & Altcoin News

⚠️ Insights and Breaking News on Ethereum and the whole crypto/finance ecosystem. ➡️ @Ethereum_Merge Admin: @ETHMergeAdmins MORE NEWS: @Bitcoin_Blockchain_Trading No financial advice

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01
💰 Bitcoin rallies to $65,000, triggering over $120 million in liquidations in 24 hours Bitcoin’s recent surge to $65,000, a level last seen on May 6, has sparked significant volatility in the digital assets market. Bitcoin has now seen a roughly 15% rally from the lows of May 1. Coinglass data shows that Bitcoin is now up over 5% on May 15, which has resulted in over $120 million worth of liquidations in the past 24 hours in the digital asset ecosystem. Both long ($54 million) and short positions ($66 million) were affected. Source ETH | BTC & ALTCOIN News
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02
🪙 Ether options traders brace for end-of-month volatility around ETF decision deadline Ether options traders are gearing up for end-of-month volatility due to the strong possibility that the U.S. Securities and Exchange Commission (SEC) will not approve two spot ether ETF filings. According to Wintermute OTC Trader Jake Ostrovskis, the market currently assigns just a 16% chance of these ETFs being approved by the end of May. Ostrovskis added that ether options implied volatility will likely rise towards the end of the month, especially around the time when the SEC is expected to make decisions regarding spot ether ETFs. Source ETH | BTC & ALTCOIN News
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03
🪙 Vitalik Buterin drafts EIP-7706, proposing new calldata gas type for Ethereum Ethereum co-founder Vitalik Buterin has proposed a new Ethereum Improvement Proposal, EIP-7706, suggesting a new category of gas for transaction calldata. Ethereum transactions currently involve two main types of gas: one for execution, which covers the computational effort required to process a transaction, and one for storage, which is the cost related to storing data with “blobs.”. Source ETH | BTC & ALTCOIN News
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04
🪙 Tether CEO riled up by suggestion USDT is a target of US government Tether CEO Paolo Ardoino posted a lengthy diatribe to X on Monday in an apparent effort to rail against any notions that his company's stablecoin is insecure in any way. "An uniformed CEO, leading a company being investigated by the SEC, launching a competitive stablecoin ... is being reported spreading fear about USDT," Ardoino said in his post. Source ETH | BTC & ALTCOIN News
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05
💰 Bernstein argues bitcoin's 'flattish' price action is great for public miners Analysts at research and brokerage firm Bernstein aren’t worried about the “flattish” price action of bitcoin, arguing that it can be great for miners — when economics are driven by competitive hash-rate wars. “Bitcoin price action has been flattish, but we don't fear any major drawdown here,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Monday. Source ETH | BTC & ALTCOIN News
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06
🪙 Spot Ethereum ETF: SEC Meetings Could Shift Approval Odds Spot Ethereum ETFs, Fox journalist Eleanor Terrett revealed that upcoming meetings are scheduled between ETF applicants and staff members of the U.S. Securities and Exchange Commission (SEC). This disclosure follows a series of mixed sentiments from industry insiders regarding the likelihood of approval. Moreover, Sigel’s remarks during a podcast indicated a lack of optimism from VanEck’s perspective, adding to the prevailing uncertainty. Source ETH | BTC & ALTCOIN News
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07
🇺🇸 Mark Cuban Joins Calls Against Anti-Crypto Biden Administration, Slams the SEC Billionaire entrepreneur Mark Cuban has added to the growing discontent among the crypto community over the Biden administration’s industry crackdown. The outspoken entrepreneur didn’t stop there, adding that all the SEC has done is make it virtually impossible for crypto companies to operate in the United States, “killing who knows how many businesses and ruining who knows how many entrepreneurs.”. Source ETH | BTC & ALTCOIN News
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08
🪙 ARK Invest and 21 Shares cut staking component from latest spot Ethereum ETF filing A spot ether exchange-traded fund proposal from Cathie Wood's ARK Invest and 21Shares will not include staking. In a previous filing, ArkInvest/21 Shares included a staking component that said that the "sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers." That specific language was not included in the updated filing on Friday. Source ETH | BTC & ALTCOIN News
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09
🔵 Franklin Templeton claims Coinbase-incubated Ethereum Layer 2 Base has 'hit a homerun' in SocialFi Asset manager and spot bitcoin exchange-traded fund issuer Franklin Templeton said the Coinbase-incubated Ethereum Layer 2 network Base has “hit a home run” in SocialFi, driven by activity on applications such as Friend.Tech. Base accounts for around 46% of all SocialFi transactions, according to a report by Franklin Templeton on Thursday — eating into the market share of Polygon and BNB Chain in the niche. Source ETH | BTC & ALTCOIN News
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10
🪙 Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan The Well’s Notice issued to trading platform Robinhood (HOOD) by the U.S. Securities and Exchange Commission (SEC) should not pose an obstacle to the eventual approval of spot ether (ETH) exchange-traded funds (ETFs), JPMorgan (JPM) said in a research report on Wednesday. Source ETH | BTC & ALTCOIN News
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11
🔻 Optimism’s Superchain now supports Layer 3 chains via OP Stack Optimism noted that Layer 3 chains can now join the Superchain by building on the OP Stack and sharing sequencer revenue with its governance body — Optimism Collective. Layer 3 builders who join the Superchain will have access to retroactive funding, airdrops, and growth campaigns, along with a broad network of developers, Optimism said. A Layer 3 chain is a network that settles on one of Optimism’s Layer 2 chains: OP Mainnet, Base, Mode, and others. Source ETH | BTC & ALTCOIN News
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12
💰 Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other Gains On Tuesday, the publicly traded spot bitcoin ETFs operating in the United States registered a total trade volume of $1.17 billion. Notable entrants like Fidelity’s FBTC, Ark Invest’s ARKB, and Invesco’s BTCO experienced net inflows, yet these gains were insufficient to counteract GBTC’s $29 million decline. The fund’s downturn disrupted GBTC’s two-day run of positive inflows, which had marked its first gains following a stretch nearing 80 days. Source ETH | BTC & ALTCOIN News
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13
🇭🇰 Wintermute announces liquidity support for Hong Kong spot bitcoin, ether ETFs Crypto market maker Wintermute announced today that it will provide liquidity to OSL and HashKey for Hong Kong’s spot bitcoin and ether exchange-traded funds, in an attempt to “foster Wintermute’s presence in the Asia crypto markets.” In a Wednesday statement, Wintermute said that it plans to work closely with OSL and HashKey — both sub-custodians for the spot crypto ETFs in Hong Kong — on buying, selling and delivery of underlying bitcoin and ether for the spot ETFs. Source ETH | BTC & ALTCOIN News
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14
🇭🇰 Crypto Trading Firm Wintermute to Provide Liquidity for Hong Kong Bitcoin and Ether ETFs Looking to strengthen its market share in the Asia region, Wintermute will be a liquidity provider to the recently launched Hong Kong-listed spot bitcoin and ether exchange-traded funds, the company announced Wednesday. The London-based firm is partnering with OSL Digital Securities and HashKey HK Exchange, both of which are sub-custodians of virtual asset trading platforms facilitating the operation of the ETFs, according to the statement. Source ETH | BTC & ALTCOIN News
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15
🇭🇰 Hong Kong’s spot 💰 bitcoin ETFs see first outflows, solely from ChinaAMC Hong Kong’s spot bitcoin exchange-traded funds recorded their first cumulative daily bitcoin outflows on Monday — solely from China Asset Management’s ETF — after debuting on the Hong Kong Stock Exchange on April 30. ChinaAMC’s spot bitcoin ETF saw 75.36 leave the product yesterday, while the other two ETFs recorded zero inflows. That came after the three funds logged an inflow of 3,910 BTC on their first trading day, according to SosoValue data. Source ETH | BTC & ALTCOIN News
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16
🇺🇸 SEC delays making a decision on the proposed Invesco Galaxy spot 🪙 Ethereum ETF The U.S. Securities and Exchange Commission is delaying making a decision on next steps for the Invesco Galaxy Ethereum exchange-traded fund. "The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the agency said. Source ETH | BTC & ALTCOIN News
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17
💰 Crypto has been 'validated significantly’ with spot bitcoin ETF approval, says Pantera Capital exec This year's approval of spot bitcoin exchange-traded funds in the U.S. has provided substantial validation for the crypto industry, according to Pantera Capital general partner Franklin Bi, as the crypto venture capital firm is raising a new mega $1.25 billion fund. While Bi declined to comment specifically on Pantera's new fund, he told The Block in an interview that this is an opportune time for venture firms, in general, to raise new capital and position themselves to support emerging startups. Source ETH | BTC & ALTCOIN News
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18
📣 Vodafone's PairPoint trying to turn mobile device sim cards into crypto wallets Vodafone will use SIM card technology to meet an anticipated surge in demand for cryptocurrency on mobile phones. "Within each mobile phone is a SIM card and we have focused on linking the mobile phone SIM card to digital wallets, identity and blockchains, using the cryptography we have in those SIM cards for that blockchain integration," Palmer told Yahoo Finance. Source ETH | BTC & ALTCOIN News
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19
🏦 Coinbase faces copycat class action suit asserting tokens are securities in echo of pending case Coinbase, the largest cryptocurrency exchange in the United States by volume, is facing a fresh lawsuit from customers who say the company's entire business model was illegal from the start, in an echo of a case already faced by the company. In a statement, the company called the claims "legally baseless," writing, "We have full faith in the judicial process and look forward to addressing them in full at the appropriate time." Source ETH | BTC & ALTCOIN News
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20
🥇 Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streak Grayscale’s GBTC spot bitcoin exchange-traded fund witnessed its first-ever (since it was converted) daily net inflows on Friday, ending a 78-day run of consecutive outflows. GBTC’s cumulative outflows since the U.S. spot bitcoin ETFs began trading on Jan. 11 totaled more than $17.5 billion by May 2, but the higher-fee fund suddenly generated $63 million worth of inflows on Friday, according to data from Farside Investors and CoinGlass. Source ETH | BTC & ALTCOIN News
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21
🪙 Saylor predicts SEC will designate Ethereum as a security and deny spot ETF applications this summer MicroStrategy executive chairman and co-founder Michael Saylor believes the SEC will classify Ethereum as a security this summer and reject the related spot ETF applications filed by various asset managers, including BlackRock. Saylor made the prediction in a social media post on May 2 during a presentation at the MicroStrategy World 2024 conference. He further predicted that other cryptos “down the stack” will also gain an unregistered security designation, including BNB, Solana (SOL), XRP, and Cardano (ADA). Source ETH | BTC & ALTCOIN News
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22
🇮🇷 Elizabeth Warren raises concerns over Iran’s crypto mining operations Senators Elizabeth Warren and Angus S. King, Jr. have formally addressed top Biden administration officials in a letter concerning US efforts to combat Iran’s utilization of crypto mining as a means to evade international sanctions. Addressed to Secretary of Defense Lloyd Austin, National Security Advisor Jake Sullivan, and Treasury Secretary Janet Yellen, the letter details concerns over Iran’s increasing capabilities in the sector since it legalized crypto mining in 2019. Source ETH | BTC & ALTCOIN News
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23
💰 BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs Financial institutions are holding diligence and research conversations, with BlackRock playing an educational role, said Robert Mitchnick, the firm's head of digital assets. BlackRock has been talking about bitcoin to these sorts of institutions for several years. While becoming the biggest spot bitcoin ETF would be an impressive milestone, BlackRock says it isn’t really focused on the size competition with Grayscale’s GBTC. Source ETH | BTC & ALTCOIN News
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24
💰 Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value On May 1, 2024, Bitcoin’s hashprice significantly decreased to approximately $44.97 per petahash, a sharp decline from $50 just two days prior. The hashprice represents the expected daily earnings from 1 petahash per second (PH/s) of mining power. Despite the downturn in hashprice, April’s revenue remained strong, marking the second-highest in the last 12 months. Source ETH | BTC & ALTCOIN News
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25
💰 Bitcoin faces potential miner capitulation as hash rate continues to drop The price of Bitcoin has tumbled from its highs of around $73,500 to below $57,000, and as a result of this, further hash rate drops are expected. Luxor’s “hashprice” metric, which quantifies the expected value of 1 TH/s of hashing power per day, currently sits at a five-year low of $0.045 per terahash/second per day. If this trend persists, the digital asset community may witness a miner capitulation event, where Bitcoin mining becomes too expensive relative to the cost of mining. Source ETH | BTC & ALTCOIN News
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🟠 Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison Former Binance CEO Changpeng Zhao has been sentenced to four months in prison, according to a report from Bloomberg on April 30. Zhao’s final sentence is considerably less than the three-year prison sentence prosecutors were seeking — more than twice the recommended guideline for the relevant charges. A separate report from Fortune noted that Zhao will pay a $50 million personal fine, allowing him to keep most of his $43 billion in personal wealth. Zhao will be the wealthiest individual in the US prison system, according to the report. Source ETH | BTC & ALTCOIN News
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27
🏦 Coinbase rolls out Lightning Network support in collaboration with Lightspark Coinbase, the largest U.S. crypto exchange by trading volume, is rolling out support for the Lightning Network from today, enabling a faster and cheaper way for its users to send, receive or pay with bitcoin directly from their account. Previously, bitcoin transfers on Coinbase were processed on-chain, meaning transactions could take between 10 minutes and two hours, incurring high fees during periods of network congestion. Source ETH | BTC & ALTCOIN News
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🪙 Consensys alleges the SEC considered ether to be a security over a year ago The U.S. Securities and Exchange Commission approved a "formal order" to investigate ethereum a year ago, Consensys Software Inc. alleged in a newly unredacted complaint on Monday. The blockchain and web3 development company behind the well-known MetaMask Wallet said the regulator "already made what it knew would be a destabilizing reversal of its declaration that ETH was not a security" by early 2023. Source ETH | BTC & ALTCOIN News
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29
🟠 Binance's CZ Will Spend Less Than a Year in Prison, Polymarket Traders Bet Binance's founder and former CEO, Changpeng "CZ" Zhao, will be sentenced in a U.S. court in Seattle Tuesday. The Department of Justice said in a recent sentencing memo that he should spend three years in prison, citing the scale of his misconduct. "Yes" shares for the "less than six months" contract on the crypto-based prediction market platform were trading at about 42 cents Monday, indicating a 42% chance CZ will be out in less than six months. Source ETH | BTC & ALTCOIN News
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30
🟠 Binance-linked HKVAEX Officially Stops Supporting Hong Kong Users From April 30 Hong Kong-based crypto exchange HKVAEX, affiliated with Binance, has announced the permanent closure of its trading platform. The decision comes just over a year after HKVAEX launched its virtual asset trading platform (VATP) in February 2023. The move was aimed at securing its position as a pre-existing service provider to meet regulatory requirements set by the Securities and Futures Commission (SFC). Source ETH | BTC & ALTCOIN News
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31
🇺🇸 DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer The government’s submission to the Southern District of New York opposes dismissing the charges against Roman Semenov, who, along with Roman Storm, is accused of operating Tornado Cash as a mechanism for cybercriminals to launder more than $1 billion, including monies linked to North Korea’s armament programs. The document specifies that from September 2020 to August 2022, Tornado Cash reportedly engaged in extensive laundering activities, using blockchain anonymity technology to conceal the origins of illegal funds. Source ETH | BTC & ALTCOIN News
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32
💰 Bitcoin Breaks Daily Transaction Record Days After Halving The new record comes three days after the Bitcoin Halving, coinciding with the launch of Runes. The launch of Runes sparked a rapid increase, demonstrating growing interest and utility in cryptocurrencies, setting a new all-time high in Bitcoin’s transaction activity. Runes, a new token standard on the Bitcoin blockchain, has dominated transactions since its launch following the halving on April 20, accounting for over two-thirds of all Bitcoin transactions. With more than 2.38 million transactions processed, Runes make up 68% of the total. Source ETH | BTC & ALTCOIN News
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📣 Pantera Capital’s Fund V Targets $1 Billion for Diverse Blockchain Investments Pantera Capital is seeking to secure $1 billion for its new fund, ‘The Panter Fund V. ‘ It is designed to provide investors with exposure to a wide range of blockchain-based assets. The Pantera Fund V has been designed to be an all-encompassing product, differing from the digital asset investment manager’s previous funds with more specific investment focuses such as the Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Venture Funds. Qualified investors must allocate a minimum of $1 million, with the first close scheduled for April 1, 2025. Source ETH | BTC & ALTCOIN News
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💰 Bitcoin ETFs in the US drive higher crypto allocations among institutional investors Institutional investors increasingly sought exposure to crypto during the first quarter of the year following the launch of several US-based spot Bitcoin exchange-traded funds (ETFs) in January. The CoinShares Digital Fund Manager survey revealed that these institutional investors have significantly increased their digital asset allocations, reaching 3% in their portfolios. This marks the highest level since the survey’s inception in 2021. Source ETH | BTC & ALTCOIN News
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🪙 Ether spot ETF approval seen as increasingly doubtful by industry professionals: Reuters U.S. Securities and Exchange Commission will approve spot ether exchange-traded funds in May, according to a Thursday report from Reuters — which claims that industry sources expect the SEC to deny applications to launch spot ether ETFs in May after U.S. issuers and other firms had discouraging meetings with the agency in recent weeks. Source ETH | BTC & ALTCOIN News
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⚡️ PORTAL seems to be cooking up some new things with their new launchpad The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket 🤑 Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game $SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale➡️ https://launchpad.portalgaming.com ⏺Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase. The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE. ✖️ Portal Twitter: https://twitter.com/Portalcoin ✖️ SOMO Twitter: https://twitter.com/playsomo
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🇪🇺 EU's anti-money laundering bill passes final vote, here's what's next for crypto-asset service providers The European Parliament adopted new rules that would formally put in place due diligence requirements for crypto firms in a bid to combat money laundering. The European Parliament voted on Wednesday to adopt a package of laws that would in part enhance "due diligence measures and checks on customers’ identity" including so-called crypto asset managers. They would also have to report suspicious activities to authorities. Source ETH | BTC & ALTCOIN News
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38
💰 Bitwise CIO makes 5 predictions ahead of Bitcoin's next halving, including a $250,000 price target Bitcoin’s fourth halving out of the way, Bitwise CIO Matt Hougan has made five predictions ahead of the next one, estimated for April 2028. In a memo to clients earlier this week, Hougan’s expectations focused on lower volatility, increased portfolio allocations and exchange-traded fund flows, central bank involvement and a price target of over $250,000 for bitcoin in the years ahead. Source ETH | BTC & ALTCOIN News
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🇸🇻 El Salvador 💰 bitcoin wallet suffers source code, VPN access leak El Salvador's bitcoin wallet has suffered a security breach, marking the latest attack on its national crypto program. Cybercriminal group CiberInteligenciaSV leaked on Tuesday snippets of the wallet's source code and VPN access information on an online hacking forum. The exploit marks one of the latest attacks against El Salvador’s official Chivo Wallet for bitcoin, which have plagued the program as the prices of some cryptocurrencies sail to two-year highs. Source ETH | BTC & ALTCOIN News
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🇻🇪 Venezuela plans to speed up 🪙 USDT adoption following US sanctions: Reuters Venezuela’s state-run oil firm PDVSA is gearing up to increase the use of the Tether stablecoin for exporting crude and fuel oil, as the U.S. has recently decided to reimpose sanctions on the country, Reuters reported Monday, citing sources familiar with the matter. Reuters reported last week that the Biden administration would not renew a license that eased oil sanctions on Venezuela after President Nicolas Maduro failed to measure up to his election promises. Source ETH | BTC & ALTCOIN News
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💰 Bitcoin rallies to $65,000, triggering over $120 million in liquidations in 24 hours Bitcoin’s recent surge to $65,000, a level last seen on May 6, has sparked significant volatility in the digital assets market. Bitcoin has now seen a roughly 15% rally from the lows of May 1. Coinglass data shows that Bitcoin is now up over 5% on May 15, which has resulted in over $120 million worth of liquidations in the past 24 hours in the digital asset ecosystem. Both long ($54 million) and short positions ($66 million) were affected. Source ETH | BTC & ALTCOIN News
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🪙 Ether options traders brace for end-of-month volatility around ETF decision deadline Ether options traders are gearing up for end-of-month volatility due to the strong possibility that the U.S. Securities and Exchange Commission (SEC) will not approve two spot ether ETF filings. According to Wintermute OTC Trader Jake Ostrovskis, the market currently assigns just a 16% chance of these ETFs being approved by the end of May. Ostrovskis added that ether options implied volatility will likely rise towards the end of the month, especially around the time when the SEC is expected to make decisions regarding spot ether ETFs. Source ETH | BTC & ALTCOIN News
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🪙 Vitalik Buterin drafts EIP-7706, proposing new calldata gas type for Ethereum Ethereum co-founder Vitalik Buterin has proposed a new Ethereum Improvement Proposal, EIP-7706, suggesting a new category of gas for transaction calldata. Ethereum transactions currently involve two main types of gas: one for execution, which covers the computational effort required to process a transaction, and one for storage, which is the cost related to storing data with “blobs.”. Source ETH | BTC & ALTCOIN News
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🪙 Tether CEO riled up by suggestion USDT is a target of US government Tether CEO Paolo Ardoino posted a lengthy diatribe to X on Monday in an apparent effort to rail against any notions that his company's stablecoin is insecure in any way. "An uniformed CEO, leading a company being investigated by the SEC, launching a competitive stablecoin ... is being reported spreading fear about USDT," Ardoino said in his post. Source ETH | BTC & ALTCOIN News
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💰 Bernstein argues bitcoin's 'flattish' price action is great for public miners Analysts at research and brokerage firm Bernstein aren’t worried about the “flattish” price action of bitcoin, arguing that it can be great for miners — when economics are driven by competitive hash-rate wars. “Bitcoin price action has been flattish, but we don't fear any major drawdown here,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Monday. Source ETH | BTC & ALTCOIN News
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🪙 Spot Ethereum ETF: SEC Meetings Could Shift Approval Odds Spot Ethereum ETFs, Fox journalist Eleanor Terrett revealed that upcoming meetings are scheduled between ETF applicants and staff members of the U.S. Securities and Exchange Commission (SEC). This disclosure follows a series of mixed sentiments from industry insiders regarding the likelihood of approval. Moreover, Sigel’s remarks during a podcast indicated a lack of optimism from VanEck’s perspective, adding to the prevailing uncertainty. Source ETH | BTC & ALTCOIN News
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🇺🇸 Mark Cuban Joins Calls Against Anti-Crypto Biden Administration, Slams the SEC Billionaire entrepreneur Mark Cuban has added to the growing discontent among the crypto community over the Biden administration’s industry crackdown. The outspoken entrepreneur didn’t stop there, adding that all the SEC has done is make it virtually impossible for crypto companies to operate in the United States, “killing who knows how many businesses and ruining who knows how many entrepreneurs.”. Source ETH | BTC & ALTCOIN News
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🪙 ARK Invest and 21 Shares cut staking component from latest spot Ethereum ETF filing A spot ether exchange-traded fund proposal from Cathie Wood's ARK Invest and 21Shares will not include staking. In a previous filing, ArkInvest/21 Shares included a staking component that said that the "sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers." That specific language was not included in the updated filing on Friday. Source ETH | BTC & ALTCOIN News
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🔵 Franklin Templeton claims Coinbase-incubated Ethereum Layer 2 Base has 'hit a homerun' in SocialFi Asset manager and spot bitcoin exchange-traded fund issuer Franklin Templeton said the Coinbase-incubated Ethereum Layer 2 network Base has “hit a home run” in SocialFi, driven by activity on applications such as Friend.Tech. Base accounts for around 46% of all SocialFi transactions, according to a report by Franklin Templeton on Thursday — eating into the market share of Polygon and BNB Chain in the niche. Source ETH | BTC & ALTCOIN News
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🪙 Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan The Well’s Notice issued to trading platform Robinhood (HOOD) by the U.S. Securities and Exchange Commission (SEC) should not pose an obstacle to the eventual approval of spot ether (ETH) exchange-traded funds (ETFs), JPMorgan (JPM) said in a research report on Wednesday. Source ETH | BTC & ALTCOIN News
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