Tornado Cash Deposits Surge to $1.9 Billion in 2024 Despite Sanctions
Key points: Tornado Cash has seen a resurgence in 2024, with $1.9 billion in deposits in the first half of the year. This increase comes despite ongoing US sanctions and…
Polygon Announces MATIC to POL Token Migration for September 4
TLDR Polygon will migrate from MATIC to POL tokens on September 4, 2024. The upgrade is part of Polygon’s 2.0 roadmap to enhance its layer 2 ecosystem. POL will become…
Ethereum Co-Founder Vitalik Buterin Cautions Against Single-Issue ‘Pro-Crypto’ Voting
TLDR Vitalik Buterin warns against choosing political allegiances solely based on a candidate’s ‘pro-crypto’ stance. He emphasizes the importance of broader technological freedoms and underlying values that inspired the crypto…
Ethereum Developer Jailed for North Korea Visit has Sentence Reduced by 7 Months
TLDR Former Ethereum developer Virgil Griffith’s prison sentence has been reduced by 7 months. Griffith was originally sentenced to 63 months for violating US sanctions on North Korea. A federal…
Ethereum (ETH) to Rally Over $5k With Upcoming ETF Launches & Other Key Factors
TLDR Matt Hougan, CIO of Bitwise, predicts Ethereum will reach $5,000 after ETF launches. Hougan cites Ethereum’s low inflation rate, staking dynamics, and locked supply as key factors. He expects…
21Shares Announces 0.21% Fee for Ethereum ETF, Offers Temporary Waiver
TLDR 21Shares has set a management fee of 0.21% for its Ethereum ETF (CETH). The company plans to waive fees for up to 6 months or until the fund reaches…
EEA Releases DeFi Risk Assessment Guidelines v1
17 July 2024 EEA Introduces Enterprise Standard for Assessing DeFi Protocols EEA today published the DeFi Risk Assessment Guidelines, Version 1 <https://entethalliance.org/specs/defi-risks/>. This is a pioneering document compiling risks for…
CFTC Chair Reaffirms Bitcoin and Ethereum as Commodities in Senate Testimony
TLDR CFTC Chair Rostin Behnam reiterated to the U.S. Senate that Bitcoin and Ethereum are commodities. A recent Illinois court ruling classified Bitcoin and Ethereum as commodities under the Commodity…
Ethereum ETF Fee Race Heats Up as Launch Date Approaches
TLDR Invesco and Galaxy set management fees for their Invesco Galaxy Ethereum ETF (QETH) at 0.25% This fee is slightly higher than VanEck’s 0.20% and Franklin Templeton’s 0.19% The competition…
Nearly There: The Final Countdown to Ethereum Spot ETF Launches
TLDR Bitwise executive says Ethereum ETFs are “close to the finish line” for approval The SEC is reportedly open to discussions about crypto ETFs beyond Bitcoin and Ethereum Bloomberg analyst…
EEA Releases DLT Interoperability Case Study
Monday 8 July 2024 A new case study showcases the successful implementation of cross-chain Delivery versus Payment (DvP) settlement using EEA DLT Interoperability Specification The Enterprise Ethereum Alliance (EEA) today…
Ethereum Name Service Unveils Brand Refresh to Bridge Web2 and Web3
TLDR Ethereum Name Service (ENS) has unveiled a new brand identity and website at EthCC. The rebrand aims to make Web3 more accessible and user-friendly for newcomers. ENS is keeping…
Countdown to Launch: Ethereum ETFs Poised for Mid-July Debut
TLDR Bitwise has filed an amended S-1 registration for its Ethereum ETF ahead of the July 8 deadline. Analysts predict Ethereum ETFs could begin trading in mid-July. The SEC approved…
Ethereum ETF: When Will They Launch & What Will The Price Impact Be?
TLDR Bloomberg analyst Eric Balchunas reaffirms his prediction of a July 2 launch date for U.S. spot Ethereum ETFs, following a surge in amended S-1 filings. Several major asset managers,…
Ethereum and Bitcoin See Transaction Fees Plummet Amid Market Downturn
TLDR Ethereum gas prices have dropped significantly, with the average price at 7.32 Gwei as of June 21, 2024, down from higher levels earlier in the year. Layer 2 (L2)…