TLDR ARK Invest has ended its partnership with 21Shares for the proposed spot Ethereum ETF. The fund has been rebranded from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. ARK Invest and 21Shares will continue their collaboration on other projects, such as the ARK 21Shares Bitcoin ETF. The SEC recently approved 19b-4 forms for […]
OKX has announced its support for the upcoming Mina (MINA) network’s mainnet upgrade and hard fork, scheduled to take place on June 4, 2024, at approximately 9:00 am UTC, according to OKX. Details of the Upgrade To ensure a smooth transition during the upgrade, OKX will temporarily suspend deposits and […]
The Shiba Inu (SHIB) ecosystem had an event-filled week with several developments surrounding the meme coin. These developments again highlighted the mixed sentiment towards Shiba Inu (SHIB), with the crypto token running the risk of declining further from its current price level. Shibarium Sees Spike In Total Value Locked Data from DeFiLlama shows that the […]
Uniswap, the decentralized exchange platform, has indefinitely postponed its fee switch proposal, sparking a significant decline in the UNI token. Following the announcement, UNI dropped over 5%, sinking below $10, and extending a week-long slide of around 10%. Uniswap Suspends Fee Switch Vote On May 31, the Uniswap Foundation announced the delay in a social […]
Biden vetoes bill targeting SEC crypto rules, citing concerns over regulatory authority. Crypto industry criticizes Biden’s decision, calls it setback for innovation and financial freedom. The veto raises questions about Biden’s stance on crypto regulation and engagement with industry. U.S. President Joe Biden has taken a decisive stance in the ongoing debate surrounding cryptocurrency regulation […]
As the altcoin season approaches, traders are gearing up for potential market shifts. Full-time DeFi analyst Xremlin believes in the importance of following the right voices to navigate the bull market. He shared a curated list of top crypto influencers on X (formerly Twitter) who provide invaluable insights for altcoin traders. Educators and OGs @0x_gremlin: […]
Riot Platforms announced a proposal to acquire Bitfarms for US$2.30 per share. This acquisition would create the world’s largest publicly listed Bitcoin miner, delivering substantial value to shareholders. Riot has already acquired a 9.25% stake in Bitfarms, becoming its largest shareholder, and plans to request a special meeting of Bitfarms’ shareholders to add new independent […]
Coinbase has intensified its push for the US Securities and Exchange Commission (SEC) to initiate formal rulemaking for digital assets. In its closing brief on May 31, the crypto exchange called on the appeals court to compel the financial regulator to establish clear regulations for the emerging industry. Coinbase Challenges SEC’s Regulatory Approach Coinbase asserts […]
Yesterday marked a significant milestone as Immutable zkEVM, integrated with the Polygon network, made an announcement: its official support on the OKX Marketplace. OKX and Immutable are on a mission to propel web3 gaming, recently introducing a GameFi NFT launchpad on OKX’s Marketplace and integrating Immutable’s zkEVM chain for scalability and security. Additionally, OKX’s Web3 […]
The race to lower fees for spot Ethereum exchange-traded funds (ETFs) has begun as applicants aggressively reduce costs to attract investors. Experts note that fee wars are common in the ETF industry, as issuers tend to reduce their expense ratios to attract inflows. The crypto industry experienced this firsthand during the January approval process for […]
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