Day: 2 October 2024

The Fidelity Ethereum Fund (FETH) saw a record-high daily outflow of over $25 million on October 1, 2024, surpassing all other U.S.-based spot Ether ETFs except for Grayscale’s Ethereum Trust (ETHE). According to data from Farside Investors, total outflows for Ether ETFs across nine issuers amounted to $48.6 million, with ...

With the Ethereum ecosystem's rapid expansion, it's becoming increasingly challenging to manage proof verification costs efficiently. The cost varies depending on the proof system used and the availability of precompiles. Groth16 costs about 250,000 gas, STARKs costs over 1,000,000 gas, and other proof systems are too expensive to be used ...

Bitwise is reportedly preparing to file for an XRP exchange-traded fund (ETF) with Delaware's Department of State's Division of Corporations. According to Nate Geraci, a well-known cryptocurrency analyst, this move is a strategic political decision, likely timed to coincide with the upcoming U.S. elections in November 2024. Geraci, who expressed ...

Kraken has announced it will delist Monero (XMR) for users in the European Economic Area (EEA) due to evolving regulatory obligations.  As per a blog post from the U.S.-based crypto exchange, XMR trading and deposits, including XMR/USD and XMR/EUR, will end on October 31 at 15:00 UTC for EEA-registered clients. ...

A recent report by venture capital firm Lattice Fund reveals that over 80% of early-stage crypto startups that secured funding in 2022 are still operational despite the major market downturns.  The report highlighted that out of more than 1,200 crypto startups that collectively raised $5 billion, 76% successfully launched a ...

The Australian Federal Police (AFP) announced they had successfully "deciphered" a seed phrase granting access to $6.4 million (9.3 million Australian dollars) worth of cryptocurrencies linked to a suspect. The individual, Jay Je Yoon Jung, is accused of creating an encrypted messaging app, "Ghost," reportedly used by organised crime networks. ...