Following the approval of the first Ether (ETH) futures exchange-traded fund (ETF), Grayscale Investments is looking to convert its Grayscale Ethereum Trust to a spot Ether exchange-traded fund (ETF).  The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. Grayscale’s existing trust invested in Ether futures contracts as […]

Investment management firm VanEck is set to launch its Ethereum Strategy ETF on Oct. 2, with the product now listed on its website under the ticker EFUT and set for trading on the Chicago Board Options Exchange (CBOE). The VanEck Ethereum Strategy exchange-traded fund (ETF) will look to accrue capital by investing in Ether (ETH) futures contracts and has no direct […]

On 1 October 2023, the crypto influencer known as “ADA Whale” shared his thoughts on the digital economy and Cardano’s role in it via social media platform X. He emphasized the distinction between his personal desires and realistic expectations for the future of cryptocurrency. ADA Whale believes that the digital economy is akin to a voluntary system that people can […]

The U.S. Securities and Exchange Commission Chair, Gary Gensler, was widely criticized and mocked by the public for evading essential questions during his hearing in front of the U.S. House of Financial Services Committee.  Do Check – Gary Gensler Hearing in the US House of Financial Services Committee.  John Deaton Slams Gary Gensler John Deaton, the lawyer and legal rep. […]

Vitalik Buterin, the co-founder of Ethereum, has expressed worries regarding decentralized autonomous organizations (DAOs) exerting a monopoly over the selection of node operators in liquidity staking pools. In a September 30 blog post, Buterin issues a warning that as staking pools adopt the DAO approach for governance over node operators—who are ultimately responsible for the pool’s funds—it can expose them […]

Some 5,000 ETH, worth over $8.2 million, have been moved from a wallet address associated with the FTX hacker. This development marks the first time assets have been transferred out of the hacker’s wallet following the exploit about a year ago. FTX Hacker Moves 5,000 ETH, Spot On Chain Reveals Marked as one the biggest crypto heists ever, the now-defunct […]

Tokenization is a game-changer for the stock market and the Fed realised it too. It could hit a whopping $1.5 trillion in market capitalization by 2030 as per the latest data. This new method of trading assets is faster, cheaper, and cuts out the middlemen. After Citibank, JP Morgan, and Northern Trust entered the market, companies in the S&P 500, […]

The LINK price is no stranger to bullish rallies, and in September alone, the token has gone from a low of $5.8 to a peak of $7.9. Even now, bullish momentum among enthusiasts has not waned, especially with a 130% price increase prediction from a crypto analyst. LINK Price Prediction Ahead Of October In the analysis posted to TradingView, pseudonymous […]

The United States House of Representatives has rejected a bill passed by the Senate aimed at funding the government, and Speaker Kevin McCarthy’s proposals have so far failed to gain traction with hard-right lawmakers in the House — all actions suggesting that the U.S. government is heading toward at least a partial shutdown starting on Oct. 1. A U.S. government […]