Article written by James Wilson

The SEC approves Grayscale and ProShares Ethereum ETFs

1 min read

The US Securities and Exchange Commission (SEC) has approved two exchange-traded funds (ETFs) focused on Ethereum (ETH): the Grayscale Ethereum Mini Trust and the ProShares Ethereum ETF. Following approval from the SEC through a Form 19b-4 filing, these ETFs will be listed on the Arca platform of the New York Stock Exchange. Immediate commencement of trading is not possible, as the final stages involve awaiting feedback on the S-1 filings

Dutch court denies bail for Tornado Cash developer Alexey Pertsev

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Alexey Pertsev, a developer for Tornado Cash, has been refused release on bail by a Dutch court while he challenges a conviction for money laundering. Pertsev received a five-year and four-month prison sentence from a three-judge panel in the Netherlands. Notwithstanding the diligent endeavors of his legal team to get bail and make arrangements for the appeal to be conducted from his residence, the court declined, resulting in his detention

US District Judge advises Coinbase to reconsider subpoena for SEC Chair Gensler

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The US District Judge Katherine Polk Failla has recommended that Coinbase exchange either abandon or modify its attempts to obtain US Securities and Exchange Commission (SEC) Chair Gary Gensler’s personal communications through a subpoena. The hearing was conducted in response to the SEC’s petition to prevent Coinbase’s subpoena, which granted access to Gensler’s correspondence pertaining to cryptocurrencies. Judge Failla expressed astonishment at Coinbase’s request and recommended that the exchange submit

Are Shiba Inu (SHIB) developers ditching the project?

1 min read

Shiba Inu meme coin has been secretly led by its founder, Ryoshi, and current Lead Developer, Shytoshi Kusama. Kusama has hinted that he might step down, as part of future plans for the Shiba Inu community. The project is planning a tour to several locations, starting in Kyoto, Japan, called the “Treat Yourself” tour, which is linked to the upcoming TREAT token launch. The tour is part of broader efforts

Rootstock sees record-breaking usage and an influx of new partners integrated into its network

1 min read

Rootstock, the first and longest-lasting Bitcoin sidechain, has seen record-breaking transactions and integration of several new dApps, bridges, and wallets in the last three months. The team is working towards further growth and improvements over the next 12 months. Block explorer data shows that there have been over 13 million transactions on the Rootstock network, with over 45k transactions a month. This data demonstrates Rootstock’s security and 100% uptime since

Zero-Knowledge EVM blockchain Cronos zkEVM to Reward Early Supporters

1 min read

Cronos zkEVM, a blockchain based on Zero-Knowledge EVM technology, has initiated its Pioneer Program, which enables early adopters to accumulate points by actively engaging with the network and interacting with certain decentralized applications (dapps). According to the company, the program’s objective is to provide incentives to the Cronos community and acknowledge early supporters for their active engagement in both the testnet and mainnet. The program will progress gradually in the

A major crypto whale invests $120 million in Shiba Inu, PEPE, Ethereum

1 min read

A large investor has expanded their investment holdings during a period of market instability, purchasing 957.77 billion PEPE tokens and 583.78 billion Shiba Inu tokens, in addition to other meme coins. They divested $120 million worth of assets from Binance, showcasing a diverse investment approach including 14 distinct cryptocurrencies. Although the market capitalization has decreased by 4.34% to $2.16 trillion as a result of liquidations and a rise in pessimistic

Bloomberg analyst Eric Balchunas extends the deadline for Ethereum Spot ETF launch

2 mins read

Eric Balchunas, an analyst at Bloomberg, has updated his estimated schedule for the introduction of Ethereum Spot ETFs in the United States. This revision comes in response to recent statements made by the US SEC on the second wave of S-1 form submissions. In May, the SEC granted approval for the 19b-4 applications submitted by eight potential issuers of the Ethereum spot ETF. This approval is the initial stage in

VanEck’s Matthew Siegel believes an Ethereum spot ETF approval will pave the way for a Solana ETF

1 min read

VanEck’s head of research, Matthew Siegel, believes that the approval of an Ethereum spot ETF will lead to a Solana ETF. VanEck filed for the first Solana (SOL) ETF in the US, sparking renewed interest in the Solana versus Ethereum debate. Siegel suggests that similar surveillance sharing agreements for Solana, as seen with Bitcoin and Ethereum spot ETFs, could help get a SOL ETF approved. He also points out that

Andromeda announces an integration with finance blockchain Injective to accelerate DeFi adoption

1 min read

Andromeda has declared a partnership with finance blockchain Injective in order to expedite the adoption of decentralized finance (DeFi). The collaboration will bolster the functionalities of Andromeda, the pioneering Web3 Operating System, and Injective, the swiftest blockchain designed for financial use cases. This will result in fresh prospects for interlinked blockchain tokens, efficient asset administration, and web3 applications with advanced features. The primary goal of the Andromeda-Injective Integration is to

Bitget Lists Solana-based Memecoin: Watercoin (WATER)

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Bitget, a crypto exchange and Web3 firm, has added Watercoin ecosystem-based WATER tokens to its PoolX platform. This allows users to possibly earn benefits by staking their tokens for mining. Users can accrue tokens by staking, so avoiding the additional expenses associated with buying newer tokens. PoolX, the staking platform developed by Bitget, has transformed the crypto industry by distributing rewards on an hourly basis according to the amount of

MicroStrategy acquires nearly 12,000 more Bitcoins

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MicroStrategy has purchased an extra 11,931 Bitcoin, valued at around $786 million, in order to enhance its market capitalization and stock price. The acquisition was financed via convertible notes and excess funds, at an average price of around $65,883 per Bitcoin. As of June 20, MicroStrategy possesses an extensive amount of 226,331 Bitcoins, with an approximate value of $14.5 billion. With Michael Saylor at the helm, the company has transformed