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Bloomberg ETF analyst James Seyffart believes that spot Ethereum ETFs could see 20% to 25% of the demand experienced by spot Bitcoin ETFs.
Seyffart expressed his stance in an interview hosted by Bitwise, adding that his fellow Bloomberg ETF analyst, Eric Balchunas, believes the new funds will see 15% to 20% of the demand.
Seyffart compared both estimates to the fact that ETH has approximately 30...
Marathon Digital Holdings has partnered with Kenya to monetize underutilized energy.
Marathon chairman and CEO Fred Thiel signed the agreement with Kenya’s Prime Cabinet Secretary, Hon. Musalia Mudavadi, E.G.H, on May 24.
Thiel said the deal will involve Kenya and Marathon “jointly developing technology projects.”
Thiel described a partial focus on digital assets, stating that the country has a “...
Ethereum Foundation (EF) is considering implementing a formal conflict of interest policy following backlash over two prominent developers joining EigenLayer as advisors.
Executive director Aya Miyaguchi addressed the issue in a social media post, emphasizing the importance of maintaining credible neutrality within the organization. She said the foundation shares the community’s concerns and is...
Two prominent global exchanges’ subsidiaries — Gate.io and OKX — have withdrawn their applications for an operational license in Hong Kong in the last two days.
This decision reflects a broader trend, as eight firms—including exchanges backed by Binance and HTX—have also abandoned their licensing efforts in the city-state, according to a notice on the Securities and Futures Commission (SFC)...
The Polkadot community has approved the Optimistic Project Funding proposal to support projects that enhance the blockchain network’s ecosystem.
The proposal received unanimous approval, backed by over 55 million DOT tokens.
Optimistic Project Funding
Polkadot aims to attract top developers by providing continuous and dynamic funding for their projects. This proposal allows projects to apply for...
Quick Take
On May 23, Bitcoin experienced a slight decline, dropping to a low of approximately $66,300. This dip was triggered by the S...
Binance’s $4.3 billion settlement with U.S. regulators was a big shift in the mentality of institutional adoption of digital assets, which has suffered many dismissals from institutional players who label digital assets as showy, worthless assets propelled by criminals.
Gradually, the tectonic plates of ideas that shaped the sentiments of these institutional corridors of power have shifted. For...
JPMorgan predicts that the newly approved spot Ethereum exchange-traded funds (ETFs) will likely begin trading before the November US presidential elections, citing crypto’s increasing political significance.
This outlook follows the US Securities and Exchange Commission’s (SEC) unexpected approval of eight spot Ethereum ETFs on May 23, marking a notable shift from the previous skepticism...
Quick Take
A recent analysis of Ethereum’s supply, visualized through the “HODL waves” chart created by Glassnode, reveals that a significant portion of Ethereum supply remains unmoved over various time frames, indicating a trend of long-term holding among investors. The chart illustrates that over 80% of the Ethereum circulating supply has not moved for six months or longer.
Ethereum: HODL Waves...
The removal of staking from Ethereum ETFs has been driven by regulatory pressures from the US Securities and Exchange Commission (SEC). Issuers amended their ETF filings to exclude staking provisions prior to the approvals on May 23. This strategic shift aims to align with the SEC’s regulatory expectations to allow the approval for their Ethereum ETFs.
Is staked ETH a security?
Staking, which...