“21Shares integrates Chainlink’s Proof of Reserve for real-time Ethereum ETF verification, enhancing transparency and security in digital assets. Investors get automated on-chain verification from Coinbase. #Blockchain #Update $ETH $LINK”
VanEck pushes forward with a $SOL ETF, potentially outpacing BlackRock’s hesitant approach. Matthew Sigel believes the US market is ripe for diverse crypto ETFs, driven by recent SEC amendments. Regulatory developments remain key. #Update
Spot Ethereum ETFs saw $77M in outflows as the Fed paused rate hikes, led by Grayscale’s $133.3M loss. Despite inflows for BlackRock’s ETHA ($5M) and Franklin Templeton’s FETH ($18.8M), net outflows hit $483.6M in seven days. #Update
Crypto exchange @BingXOfficial has launched BingX Labs to fund and support crypto startups with technical help and strategic consulting. This move aims to boost Web3 innovation amid bullish market sentiment and increased institutional investments. #CryptoNews #Update
Crypto exchange BingX has launched BingX Labs, an investment arm to fund digital asset startups, offering technical, strategic, and market-making services to enhance user experience and foster blockchain innovation.
VanEck’s Matthew Sigel hints Solana ETFs may debut on Wall Street soon, contrasting BlackRock’s caution. Analysts predict Solana’s price could hit $200 by year-end, but US elections might delay approvals. #Crypto #ETFs #Update
BlackRock’s Samara Cohen says Bitcoin and Ethereum are the only cryptos meeting ETF criteria. Ethereum ETFs launched July 23, 2024, boosting trading volumes to $14.8B. Solana’s lack of CME futures complicates its ETF approval.
Web3 startups Hyperbolic and Mintify raised over $10M in funding. Hyperbolic secured $7M for a blockchain-based AI platform, while Mintify raised $3.4M to enhance NFT trading infrastructure, expanding from Ethereum to Bitcoin Ordinals.
Crypto exchange Bitbank plans IPO on Tokyo Stock Exchange to boost market presence. Founded in 2014, it has ¥8.65 billion capital. Major shareholders include Noriyuki Hirose, MIXI, and Ceres. Secured ¥7.5 billion funding in 2021.
ZKX protocol, the first perpetual futures exchange on Starknet, has shut down due to low user engagement. Founded in 2021 and backed by $4.5M, it struggled to sustain itself despite innovative zk-rollup technology.
Rollblock (RBLK) is surging, adding 2,000 players weekly and 150+ games. Its revenue-sharing model boosts staking rewards. Analysts predict RBLK could hit $1 by 2024, fueled by the gambling market’s growth to $750 billion by 2028.
BlackRock Ether ETF saw $118M inflows on July 30, 2024, despite Ethereum’s price falling 1.21% to $3,274.43. Grayscale’s ETHE faced $120M outflows, while mini-ETH and Fidelity FETH saw $12.4M and $16.4M inflows, respectively.
Hyperbolic, merging AI and blockchain, raised $7M in seed funding led by Polychain Capital and Lightspeed Faction. Funds will enhance AI solutions, expand the team, and develop a developer ecosystem, pioneering protocols like Proof of Sampling.
Grayscale’s Bitcoin ETF (GBTC) fell 11% to $52.87 amid outflows and the spinoff of the Bitcoin Mini Trust. Each shareholder will receive BTC shares, aiming to enhance market stability and transparency.
