Grayscale amends Ethereum ETF filing, says investors ‘want and deserve’ the fund

Grayscale amended a regulatory filing through which it intends to convert its to a spot exchange-traded fund (ETF).  The companys March 15 amendment strengthens its earlier filing in multiple ways. The update supports the argument that surveillance sharing within the CME ETH market is sufficient to protect against fraud and manipulation in the spot ETH market.  Grayscales latest amendment includes a correlation analysis conducted by Coinbase as evidence of sufficient market correlation. Coinbase found that the CME ETH futures market has been “consistently and highly correlated” with the spot Ethereum market for roughly the past three years.  The rate is higher than the correlation that the SEC found between the CME Bitcoin futures market and the spot Bitcoin market.  Grayscales amendment also expands on the creation and redemption of ETF shares. Notably, this section describes only cash creations and redemptions. It accordingly states that authorized participants cannot purchase, hold, deliver, or receive ETH.  According to the filing, Grayscale Ethereum Trust now holds $11.8 billion in assets under management (AUM) instead of $4.8 billion of AUM. The conversion of the fund to an ETF would unlock over $1.73 billion of value instead of the $1.6 billion previously estimated.  Grayscale advocates for ETF  , Grayscales “want and deserve access

2024-03-16Ethereum

Hong Kong’s SFC issues warnings to traders about MEXC

In recent regulatory actions, Hong Kong‘s Securities and Futures Commission (SFC) has taken a firm stance against cryptocurrency exchange MEXC by adding it to its cautionary list on March 15. This development highlights the SFC’s vigilance in ensuring compliance within the crypto industry, especially regarding licensing requirements for operating in Hong Kong.  MEXC under the scrutiny of Hong Kongs SFC  MEXC has been under scrutiny for actively promoting its services to investors in Hong Kong without obtaining the necessary licenses from the SFC, particularly the virtual asset trading platforms (VATP) license essential for legal operation in the region. This lack of proper licensing puts MEXC in violation of Hong Kongs Anti-Money Laundering and Counter-Terrorist Financing Ordinance, which deems providing virtual asset services, including operating a virtual asset exchange, without proper authorization as unlawful.  The SFC‘s warning serves as a reminder to all entities operating in the crypto space to adhere to regulatory requirements to avoid legal repercussions. The SFC’s action against MEXC comes shortly after it added the Bybit crypto exchange to its cautionary list, underscoring the regulatory scrutiny faced by unlicensed crypto exchanges in Hong Kong.  Currently, the SFC‘s cautionary list comprises 20 cryptocurrency exchanges lacking the necessary licenses to operate in the

2024-03-16Industriya

BlockDAGs Keynote Raises $4M+ | XRP & Arweave Beware!

DISCLAIMER: Ang artikulong ito ay isang SPONSORED Press Release at hindi bumubuo ng nilalamang editoryal ng Finbold o sumasailalim sa pagsubaybay. Ang mga asset/produkto ng crypto ay nagsasangkot ng malalaking panganib. Huwag mamuhunan maliban kung handa kang mawala ang iyong buong puhunan. Para sa isang buong disclaimer, mangyaring .  Arweave is drawing attention and offering exciting possibilities with its distinctive data storage solutions. On the other hand, despite its well-established presence in the cryptocurrency market, the XRP ETF has faced difficulty and has been unable to gather the same amount of momentum.  Amidst these changes, BlockDAG (BDAG) has risen and attracted investors with its over $4.7 million presale. Unprecedented interest has been generated by the recent publication of the BlockDAG keynote video, which resulted in a tremendous sell-out of its batch 2 of presale.  Rise of Arweave Crypto  Recent market movements by Arweave Price have attracted attention to its cutting-edge data storage solutions. The Arweave price and volume in January were noticeably low, indicating a lack of market interest. By February, though, things started to change drastically, with prices and trading volumes rising significantly. This fresh interest is centered on the AR coin, which is crucial for various network activities and highlights Arweaves changing

2024-03-16Industriya

SEC May Reject Spot Ethereum ETFs! Obstacles Mounting!

Balita ng Ethereum ng Bitcoin  Rhode Island Senator Jack Reed and California Senator Laphonza Butler penned an impactful letter to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC).  Senators Reed and Butler, expressing skepticism about the suitability of these assets for ETPs, highlighted potential risks to retail investors.  Another significant point emphasized in the letter pertains to naming conventions used in SEC filings and investor documents.  SEC May Not Approve Spot Ethereum ETFs in the US: Recent Developments Lower Approval Odds Further!  Spot Ethereum ETFs Dont Have a Bright Future  Rhode Island Senator Jack Reed and California Senator Laphonza Butler penned an impactful letter to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC). In the letter, they called for careful scrutiny and a cautious approach in the approval process of crypto ETFs. This situation has created uncertainty surrounding the approval of Spot Ethereum ETF applications from organizations like Grayscale, BlackRock, VanEck, and Franklin Templeton.  Advocating for a cautious approach, the senators expressed concerns about market integrity and investor protection by opposing the blind approval of crypto ETPs, calling for strict limitations on such approvals akin to pioneering practices. Furthermore, they claimed that markets for such ETPs do not have the trading

2024-03-16Ethereum

Heres How Low ETH Can Go if $3.5K Fails to Hold Selling Pressure (Ethereum Price Analysis)

Ethereum has recently breached a significant resistance level, crossing the psychological milestone of $4K and achieving a new high for the year.  However, this breakthrough was met with resistance, leading to a noticeable correction. The question that arises now is whether this correction is merely a temporary setback or the beginning of a broader reversal in the bullish trend.  Ni Shayan  Ang Pang-araw-araw na Tsart  A thorough analysis of the daily chart indicates a prevailing bullish sentiment surrounding Ethereum, evident in a strong and sudden upward surge that surpassed the critical resistance at $4K. This surge reflects heightened interest from market participants in Ethereum, resulting in increased volatility.  However, after briefly surpassing the crucial $4K resistance level, the price encountered intensified selling pressure, likely due to profit-taking among participants, leading to a significant decline toward the substantial support zone of around $3.5K. It seems likely that the market will find support in this region and initiate a fresh rally.  However, in the event of a continued corrective retracement, Ethereums price is expected to find support around key levels within the Fibonacci retracement, specifically between the 0.5 ($3,181) and 0.618 ($2,966) levels.  Pinagmulan: TradingViewAng 4-Oras na Tsart  Further examination of the 4-hour chart confirms the presence of buyers in

2024-03-16Ethereum

Ang Ethereum Rollups ay Nagsisimulang Umani ng Mga Benepisyo ng Dencun: 99% na Pagbaba ng Bayad na Iniulat sa Ilang Kaso

Ethereum  Ang Ethereum Rollups ay Nagsisimulang Umani ng Mga Benepisyo ng Dencun: 99% na Pagbaba ng Bayad na Iniulat sa Ilang Kaso  Ang Ethereum rollups, ang layer 2 scaling structures, ay nagsimulang umani ng mga benepisyo ng kamakailang inilapat na pag-upgrade ng Dencun. Ang update, na kinabibilangan ng EIP-4844, na kilala rin bilang Proto-Danksharding, ay nagbigay-daan sa mga bayarin sa transaksyon na bumaba ng 99% sa ilang mga kaso, kung saan ang Arbitrum, Base, Optimism, at Starknet ay nagiging mas mura sa kabuuan. Binawasan ng Pag-upgrade ng Ethereum Dencun ang Mga Bayarin sa Rollup […]

2024-03-16Industriya

It’s cheaper to swap on layer-2s than on Ethereum, Uniswap research finds

A recent paper by Austin Adams, a researcher at Uniswap Labs, contends that swapping and liquidity provisions on layer-2 networks are significantly cheaper than on Ethereums mainnet.  According to the paper, chains like Arbitrum created over three times more liquidity positions this past year than Ethereum.  The report further shows that, when looking at USDC/ETH pools, 97.5% of swappers with trades under $125,000 did better on layer-2s than on Ethereum mainnet.  Magbasa nang higit pa: Ang Uniswap ay naglalabas ng mga bagong tool para sa mga swapper  This is likely because retail swappers, with trades under $125,000, are much more likely to benefit from the lower gas costs and higher liquidity concentration on layer-2s than the mainnet.  It is worth noting that Ethereum is responsible for only around 25% of the total transaction count but over 60% of the volume — demonstrating that, despite boasting higher transaction volumes, network activity is still predominantly on layer-2s.  Additionally, layer-2s often offer shorter block times, or the time it takes the network to produce a new block. On Ethereum today, the average block time is roughly 12 seconds. On Arbitrum, on the other hand, the average block time is around 0.26 seconds.  Magbasa nang higit pa: Cheatsheet: Ang Ethereum ay

2024-03-16Ethereum

Tumataas ang Presyo ng BONE ng Shiba Inu sa Binance Listing

Balita ng Ethereum ng Bitcoin  Ang pag-akyat ng SHIB ay naiiba sa lag ng BONE, na kumukuwestiyon sa pagganap ng token ng ecosystem.  Katamtamang tumaas ang presyo ng BONE sa mga nakaraang panahon ngunit nananatiling bumaba kumpara noong Marso 2023.  Ang komunidad ng Shiba Inu ay kumikilos upang palakasin ang mga prospect ng Bone Shibaswap sa pamamagitan ng pakikipag-ugnayan sa Binance Futures NEXT. Ang milestone na ito ay nagpapahiwatig ng pagtaas ng sigasig para sa Bone token ng Shiba Inu (SHIB) team, na may halos 28,200 pick na nakuha sa platform ng nangungunang crypto exchange. Habang sabik na inaasahan ng mga user ang mga potensyal na listahan, binibigyang-diin ng kanilang pakikipag-ugnayan ang taimtim na suporta at optimismo ng komunidad para sa hinaharap na trajectory ng proyekto.  Kasalukuyang nakikipagkalakalan sa $0.00003012, ang trend ay nagpapakita ng hindi kapani-paniwalang paglago ng SHIB, na may pagtaas ng higit sa 137% sa 14 na araw na chart at isang napakalaki na 241% sa nakalipas na buwan. Ang bullish momentum na ito ay nagtulak sa presyo ng SHIB ng 195.3% mula noong Marso 2023.  Gayunpaman, ang kuwento ay medyo naiiba para sa Bone ShibaSwap (BONE), ang offspring token ng SHIB. Sa kabila ng katamtamang pagtaas ng 2.5% sa mga lingguhang

2024-03-16Industriya

Bakit Hindi Pumupunta ang Ethereum sa $5,000? Bitcoins (BTC) $80,000 Attempt, Binance Coins (BNB) Silent 40% Pump

Bitcoin crypto Ethereum  Bakit Hindi Pumupunta ang Ethereum sa $5,000? Bitcoins (BTC) $80,000 Attempt, Binance Coins (BNB) Silent 40% Pump  Balita ng Ethereum ng Bitcoin  Larawan ng pabalat sa pamamagitan ng u.today  Disclaimer: Ang mga opinyon na ipinahayag ng aming mga manunulat ay kanilang sarili at hindi kumakatawan sa mga pananaw ng U.Today. Ang impormasyon sa pananalapi at merkado na ibinigay sa U.Today ay inilaan para sa mga layuning pang-impormasyon lamang. Ang U.Today ay hindi mananagot para sa anumang pagkalugi sa pananalapi na natamo habang nangangalakal ng mga cryptocurrencies. Magsagawa ng iyong sariling pananaliksik sa pamamagitan ng pakikipag-ugnayan sa mga eksperto sa pananalapi bago gumawa ng anumang mga desisyon sa pamumuhunan. Naniniwala kami na ang lahat ng nilalaman ay tumpak sa petsa ng paglalathala, ngunit maaaring hindi na available ang ilang partikular na alok na binanggit.  Nilalaman  Ang landas ng Bitcoin sa $80,000  Ang maitim na kabayo ni R0ally  Habang ang merkado ng cryptocurrency ay pumapasok sa isang panahon ng pagsasama-sama at muling pagsusuri, ang inaasahang martsa ng Ethereum patungo sa $5,000 na marka ay tila huminto. Ang mga mamumuhunan ay unti-unting nililibak ang kanilang mga portfolio, marahil sa pag-asam ng karagdagang kaguluhan sa merkado. Ang kasalukuyang damdamin ay hindi nangangahulugang isang tagapagbalita ng kapahamakan ngunit maaaring magmungkahi

2024-03-15Ethereum

Nangungunang Crypto Trader Naging Bullish sa Worldcoin (WLD) at Dalawa sa Pinakamalaking Karibal ng Ethereum – Narito ang Kanyang Pananaw

crypto Ethereum  Nangungunang Crypto Trader Naging Bullish sa Worldcoin (WLD) at Dalawa sa Pinakamalaking Karibal ng Ethereum – Narito ang Kanyang Pananaw  Balita ng Ethereum ng Bitcoin  Ang isang malapit na sinusundan na crypto trader ay bumabaliktad sa pagkakakilanlan na nakatuon sa crypto project na Worldcoin (WLD) ni Sam Altman.  Pseudonymous na mangangalakal na The Flow Horse nagsasabi ang kanyang 200,300 na tagasunod sa social media platform X na ang artificial intelligence (AI) na nauugnay sa Worldcoin ay lumalabas na parang maaari nitong i-flip ang $10 na antas sa suporta.  Iminumungkahi niya na ang Worldcoin ay maaari ding makakuha ng tulong mula sa paparating na kumperensya ng GTC na hino-host ng Nvidia (NVDA), ang nangungunang provider ng mga chip na espesyal na idinisenyo upang sanayin at patakbuhin ang mga aplikasyon ng AI, na maaaring magpapataas ng interes sa mga proyektong kasangkot sa mundo ng AI.  Pinagmulan: The Flow Horse/X  Ang Worldcoin ay nakikipagkalakalan para sa $9.50 sa oras ng pagsulat, bumaba ng halos 7% sa huling 24 na oras.  Susunod, ang mangangalakal naniniwala na ang katunggali ng Ethereum (ETH) na si Solana (SOL) ay maaaring tumaas ng higit sa 22% mula sa kasalukuyang halaga nito.  Ang Solana ay nakikipagkalakalan para sa $163.81 sa oras ng pagsulat, tumaas ng 10.5%

2024-03-15Ethereum
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