Archive for  September 2023

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Bloomberg analyst James Seyffarth reported that nine Ethereum-ETF futures will begin trading on exchanges on October 2.
Specifically, funds from VanEck, Bitwise, ProShares, Valkyrie, Kelly and Vol Shares will be launched.
After the launch of futures instruments, analysts expect the race for spot Ethereum-ETFs to begin.

VanEck said it will donate 10% of the proceeds from its own Ethereum-ETF to the Protocol Guild development team. The support will be for a period of 10 years.

Protocol Guild consists of 152 people who develop and maintain Ethereum.

As of today, the VanEck Ethereum Strategy ETF is not yet traded on an exchange.

VanEck said it will donate 10% of the proceeds from its own Ethereum-ETF to the Protocol Guild development team. The support will be for a period of 10 years.

Protocol Guild consists of 152 people who develop and maintain Ethereum.

As of today, the VanEck Ethereum Strategy ETF is not yet traded on an exchange.

Polygon Labs announced that Google Cloud has become a validator for the Polygon network.
Google Cloud also described the relationship with Polygon Labs as an “ongoing strategic collaboration” and released a YouTube video about Polygon.

The Paradigm Foundation has filed a statement in the U.S. Securities and Exchange Commission’s (SEC) case against Binance, criticizing the regulator for overstepping its authority and attempting to circumvent the rulemaking process.
Paradigm argues that there is a range of assets that are advertised, bought and sold for potential profit: gold, silver and art may rise in value, but that does not mean their sale constitutes a securities transaction.

According to Businesstimes, Soo Joo, founder of the bankrupt Three Arrows Capital (3AC) fund, was detained while trying to leave Singapore.
He was sentenced to four months in prison under a court order.

A similar warrant has been issued for his colleague Kyle Davis. However, his whereabouts are unknown.

They are both charged with willfully failing to comply with the order that required them to cooperate with creditors.

Gemini said it is leaving the Dutch market due to its inability to meet the country’s regulatory requirements.

The company asked users to withdraw their assets by November 17, 2023.

The exchange said it is ready to return after MiCA is implemented.

Earlier, the Netherlands left Binance.

Circle has filed a court filing regarding the U.S. Securities and Exchange Commission (SEC) case against Binance.
The company argued that stablecoins cannot be considered securities/investment contracts because users of such assets do not expect any profit from these purchases.

Earlier, the SEC accused Binance of offering securities in the form of various tokens and the BUSD steiblcoin.

Ripple has backed out of the acquisition of custodian Fortress Trust. The company added that it will continue to support the project’s team.

The reasons for this decision are unknown.

Previously, Ripple covered Fortress Trust’s $15 loss, which was the result of a third-party exploit.

The Securities and Exchange Commission (SEC) has deferred a decision on the spot bitcoin-ETFs from BlackRock, Invesco, Bitwise and Valkyrie.

This week, the regulator postponed a decision on a fund from ARK 21Shares.