Bitwise CCO says Ethereum ETFs ‘close to finish line’, SEC open to other funds
CryptoSlate » Ethereum (ETH)
by Mike Dalton
5d ago
Bitwise CCO Katherine Dowling said spot Ethereum ETFs are “close to the finish line” while noting that the SEC is “quite welcoming” about discussions regarding other products. On July 9, Dowling told Bloomberg that the SEC and ETF issuers are addressing fewer issues in each S-1 amendment, pointing to a close launch. Dowling affirmed SEC chair Gary Gensler’s assertion that the agency will fully approve issuers’ registration statements over the summer but described an open time frame. She said: “You know, everyone has a different definition of summer. It’s been a little bit of a long, hot summe ..read more
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Bloomberg analyst calls July 18 ‘best guess’ for ETH ETF launch amidst S-1 amendments
CryptoSlate » Ethereum (ETH)
by Mike Dalton
6d ago
Spot Ethereum (ETH) ETF applicants amended their registration statements as Bloomberg ETF analyst Eric Balchunas predicted a launch date. On July 8, Balchunas said his “best guess” for the fund’s launch is July 18 but declined to make an over/under prediction as SEC plans remain unclear. Balchunas described the changes in the latest amendments as minimal. He commented on two of the earliest filings: “Nothing to see here.” Balchunas said the SEC had asked applicants to submit their applications by today but did not require applicants to declare fees. He described the next steps toward approva ..read more
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Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined
CryptoSlate » Ethereum (ETH)
by Liam 'Akiba' Wright
1w ago
Tether USDT’s 24-hour trading volume exceeds the combined total of the following five digital assets, including Bitcoin and Ethereum. Reflecting on Tether’s dominance in trading volume provides insight into market liquidity. As CryptoSlate data indicates, Tether (USDT) maintains a higher volume than Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Solana (SOL), and First Digital USD (FDUSD), pointing to its significant presence in the market. Specifically, Tether recorded a 24-hour volume of over $55 billion, far surpassing Bitcoin’s $28 billion and Ethereum’s $15 billion. With a market cap of ..read more
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Bloomberg analysts expect spot Ethereum ETFs to launch by mid-July
CryptoSlate » Ethereum (ETH)
by Mike Dalton
1w ago
Bloomberg ETF analyst James Seyffart said he and his colleagues believe spot Ethereum ETFs could launch around July 15 as the application process settles. Seyffart posted the prediction on social media on July 3 but said he has “low confidence in those launch date predictions at this point.” The prediction is related to Bitwise’s amendment to its spot Ethereum ETF application on July 3. Seyffart noted that the only significant change was adding a six-month fee waiver for the first $500 million in assets. Seyffart said: “These changes were very minimal and [I don’t know] why the ETFs wouldn’t ..read more
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Standard Charter reports $30 trillion tokenised real-world asset market by 2034
CryptoSlate » Ethereum (ETH)
by Liam 'Akiba' Wright
1w ago
According to a report by Standard Chartered, the market for tokenized real-world assets is projected to reach $30.1 trillion by 2034. This significant market growth highlights the increasing role of tokenization in transforming global trade and finance by enhancing liquidity, accessibility, and efficiency. The report emphasizes the shift towards integrating digital assets into mainstream finance, reflecting the broader adoption and scalability of blockchain technology and DeFi applications. Kai Fehr, Global Head of Trade, Standard Chartered, commented, “We see the next three years as a critic ..read more
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Lido sees around 100k increase in staked Ethereum amid SEC scrutiny
CryptoSlate » Ethereum (ETH)
by Oluwapelumi Adejumo
1w ago
Lido has reported a rise in staked Ethereum on its platform despite the US Securities and Exchange Commission (SEC) classifying its staking programs as securities in its lawsuit against Consensys. Staked Ethereum increase A July 2 report showed that Lido users staked an additional 95,616 ETH between June 24 and July 1. This increased the total value of assets staked on the platform by 1.26%, reaching $33.48 billion. During this period, Lido led in net Ethereum deposit inflows, surpassing centralized exchanges like Binance and Gate.io and the rapidly growing liquid restaking project Ether.fi. L ..read more
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Galaxy’s Novogratz says crypto will get favorable regulation regardless of who wins elections
CryptoSlate » Ethereum (ETH)
by Assad Jafri
1w ago
Galaxy Digital CEO Mike Novogratz has forecasted a favorable regulatory environment for cryptocurrencies in the US regardless of who wins the 2024 presidential election outcome. Speaking about the future of the crypto sector during a CNBC interview, Novogratz highlighted the importance of bipartisan support. He said: “Crypto should be a bipartisan issue. We can’t afford to have one party supporting it and the other opposing it.” Growing Bipartisan Consensus Novogratz noted that despite some opposition from certain lawmakers, most notably Senator Elizabeth Warren, the majority of US politicia ..read more
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Court greenlights expediting Consensys, SEC lawsuit
CryptoSlate » Ethereum (ETH)
by Assad Jafri
1w ago
A federal judge has approved a timeline for the court to consider the merits of the lawsuit filed by software firm Consensys against the US Securities and Exchange Commission (SEC) and its commissioners. In a July 1 filing in the US District Court for the Northern District of Texas, Judge Reed O’Connor established deadlines requiring SEC and Consensys lawyers to file opening and opposition briefs by September and November, respectively. Additionally, the judge granted the SEC a 28-day extension to respond to the complaint. Timeline According to the timeline, all five SEC commissioners and the ..read more
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Ethereum suffers worst outflows in two years due to spot ETF delays
CryptoSlate » Ethereum (ETH)
by Oluwapelumi Adejumo
2w ago
The US Securities and Exchange Commission’s continued delay in approving spot Ethereum exchange-traded funds (ETFs) for trading resulted in Ethereum ETFs recording their most significant outflows in two years. According to CoinShares‘ latest digital asset fund report, these outflows resulted in a third consecutive week of negative flows of $30 million for global crypto-related investment products. However, James Butterfill, Coinshares head of research, noted that last week’s modest flow suggested “a significant stemming of the outflows.” Meanwhile, the negative sentiment had little impact on t ..read more
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Vitalik Buterin suggests ways to speed up Ethereum transaction confirmations
CryptoSlate » Ethereum (ETH)
by Oluwapelumi Adejumo
2w ago
Ethereum co-founder Vitalik Buterin has suggested ways to help the blockchain improve its transaction confirmation times. Buterin, in a June 30 blog post, explained that Ethereum’s Gasper consensus mechanism uses a slot-and-epoch architecture that contains certain complexities, like bug interactions and a 12.8-minute confirmation time, that makes it “more and more uncomfortable” for user experiences. So, he highlighted some of the “practical options” Ethereum has to improve its user experience further. SSF Buterin stated that the single-slot finality (SSF) mechanism is similar to the Tendermin ..read more
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