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2024-05-08

Popular crypto exchanges(2023 Update) 2024-05-08
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Source: Pixabay / Miloslav HamrikVanEck has announced that it will donate 10% of all profits from its upcoming Ethereum (ETH) futures exchange-traded fund (ETF) to the Ethereum core developers for a period of ten years. The beneficiary of this initiative will be The Protocol Guild, a group comprising more than 150 developers who are responsible for maintaining Ethereum's core technology, the asset manager said in a recent post on X (formerly Twitter).VanEck said that it is only fair for asset managers to give back to the community that builds and supports the crypto protocol. "Thank you, Ethereum contributors, for nearly a decade of relentless building & ongoing stewardship of this common infrastructure," the company wrote. The company expressed its hope that other asset managers and ETF issuers would also consider adopting a similar approach.This move by VanEck aligns with the growing trend of crypto-native communities supporting the Ethereum network. Notable contributors include Lido Finance, Uniswap, Arbitrum, Optimism, ENS Domains, MolochDAO, and Nouns DAO. According to a public dashboard tracking donations to the Guild's mainnet, over $12 million has been generated from 4,846 contributions. These funds are distributed among the Guild's members based on a weighted ratio determined by their contribution periods.VanEck unveiled its upcoming Ethereum Strategy ETF (EFUT) on September 28, which will invest in ether futures contracts. The fund will be actively managed by Greg Krenzer, the head of active trading at VanEck, and is set to be listed on the Chicago Board Options Exchange in the near future.Investment Firms Rush to Launch Ether FundsIn addition to VanEck, other traditional investment firms are also planning to offer exposure to Ether futures. Valkyrie, another company in the space, plans to offer exposure to Ether futures through its existing Bitcoin Strategy ETF, now rebranded as the Valkyrie Bitcoin and Ether Strategy ETF. Bitwise also submitted an updated prospectus for their equal-weight Bitcoin and Ether futures ETF on September 28, with expectations of going live next week. Additionally, Kelly ETFs has partnered with Hashdex to deliver futures Ether ETFs in the near future.Most recently, Invesco and Galaxy Digital filed for a spot Ether ETF, dubbed Invesco Galaxy Ethereum ETF. Notably, the United States Securities and Exchange Commission (SEC) recently delayed its decision on approving a spot Ether product until December.However, there are speculations that futures-based Ether ETFs are expected to become available as early as next week. In fact, reports have suggested that the SEC may commence approval of Ether futures ETFs in early October, which has generated significant interest among asset managers eager to participate."Hearing the SEC wants to accelerate the launch of Ether futures ETFs (bc they want it off their plate bf shutdown) so they've asked the filers to update their docs by Fri pm (no small task to jam into 48hrs, esp for indie issuers), so they can go eff Mon and trade Tue," ETF analyst Eric Balchunas wrote in a recent post on X.Invesco and Galaxy Pursue Spot Ether ETF Application Risk of Cloud Mining Buy Ethereum with a credit or debit card without hustleEven at the height of the madness, he never got caught up in a rug pull. Despite disagreeing with Buffet’s crypto critiques, Saiers cited Buffet’s advice “to be fearful when others are greedy and to be greedy only when others are fearful” as his strategy for avoiding most scams. Last year, Elliptic predicted that illicit or high-risk funds laundered through cross-chain bridges, decentralized exchanges and coin-mixing services could reach $10.5 billion by 2025.Another Friend.tech User Loses Entire Portfolio to Phishing Scam

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If there is an upside correction, the price might face resistance near the $27,400 level. The next key resistance could be near the $27,500 level and the trend line. The first major resistance is $27,800, above which Bitcoin might test $28,250. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.In this week’s newsletter, September became the biggest month of crypto exploits in DeFi, with over $300 million in losses, and the popular DeFi lending protocol Yield announced its permanent closure by December.Polygon co-founder Jaynti Kanani has stepped down from his day-to-day roles at the firm, saying he will now monitor from the sidelines, and decentralized autonomous organizations (DAOs) can help scientists find funding and community, according to a prestigious science journal.The DeFi market had a mixed week in terms of price action, with most of the top 100 tokens trading in the same price zone as last week.September becomes the biggest month for crypto exploits in 2023: CertiKSeptember has officially become the worst month in 2023 (so far) for crypto-related exploits — with a whopping $329.8 million in crypto stolen.On Oct. 2, blockchain security firm CertiK said the most significant contributor to the month’s totals came from the Mixin Network attack on Sept. 23, when the Hong Kong-based decentralized cross-chain transfer protocol lost $200 million due to a breach of its cloud service provider.Continue readingYield Protocol to permanently “wind down” operations by December 2023Yield Protocol announced its decision to shut down by the end of the year due to a lack of business demand and global regulatory pressures.Yield Protocol will cease to exist after its December 2023 series ends, which is due to mature on Dec. 29. Yield Protocol’s announcement detailing the “wind down” operation confirmed that the March 2024 fixed rate series launch had been canceled.Continue readingPolygon co-founder steps down, will contribute “from the sidelines”Jayant Kanani announced that he has stepped back “from the day-to-day grind” on the project for the first time in six years. In an Oct. 4 X (formerly Twitter) thread, Kanani said he planned to focus “on new adventures” while contributing to Polygon “from the sidelines.” Along with software engineers, including Sandeep Nailwal, Anurag Arjun and Mihailo Bjelic, Kanani helped found the Matic network in 2017, which was later rebranded to Polygon.Continue readingDAOs can help scientists find funding and community, says Nature science journalThe Nature science journal recently published an editorial in its Nature biotechnology section lauding DAOs as a revolutionary new method by which researchers working in underfunded scientific fields can create communities around their work and raise funding that otherwise might not be available.In a DAO-based research scheme, a project’s organization, fundraising, feedback and pipeline from discovery to product/industry can all be handled by the same decentralized governing body.Continue readingWirex taps ZK-proofs for noncustodial crypto debit card issuanceCrypto payment service provider Wirex announced the launch of a zero-knowledge proof (ZK-proof)-based noncustodial crypto debit card service called W-Pay on Oct. 3.Wirex’s new decentralized solution utilizes zero-knowledge technology and is built on Polygon’s Chain Development Kit, promising increased scalability and security. Polygon’s CDK has been built with ZK-proofs in focus, enabling companies and users to develop their own ZK-powered layer-2 rail.Continue readingDeFi market overviewData from Cointelegraph Markets Pro and TradingView shows that DeFi’s top 100 tokens by market capitalization had a minor pullback from the last week, with most tokens trading in the green on weekly charts. The total value locked into DeFi protocols dropped to $45.07 billion.Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space. DOGE jumps 6% after Elon Musk tweet; Here's how to buy“By joining AWS ISV Accelerate and AWS Activate programs, we’re able to provide our vast network of game developers with a turnkey solution for quickly building and scaling web3 games,” said Immutable Chief Commercial Officer Jason Suen in a statement. Nadler of Addressable said he is supporting employees who lost relatives from the music festival.

The analyst thinks that $27,100 and $27,300 could act as a bottom before the rise. However, he states that if this region is lost, the $ 26,300 level can be targeted. The duo built on the NeoVM for the hackathon. The team found Neo’s accessibility among the most attractive factors for building on the chain. Chen said, “The extensive documentation was easy to get started with, which surprised me the most as a new developer to the Neo ecosystem. And the user-friendly interface is the cleanest one I have ever seen.” 'They'd Rather Buy Bitcoin and Take That Risk': An Interview With Paxful's Nena NwachukwuNFTs or Non Fungible Tokens are a type of cryptographic asset that is created similarly to cryptocurrency. However, unlike other crypto assets, NFTs, are non-fungible, meaning they are one of a kind and cannot be replaced with something else. For example, it is possible to replace or trade a cryptocurrency like Bitcoin, but this is not the case with NFTs due to their unique characteristics. The demand, Bernstein said, would come from investment advisors, wealth and private banking products as well as the ability to easily access bitcoin ETFs in direct broker accounts.

Ripple's Offensive Strategy: Ripple has not only relied on defense. The corporation has gone on the offensive, submitting Freedom of Information Act (FOIA) requests to seek internal records and communications from the SEC. Ripple has investigated whether the SEC was clear about XRP's regulatory status. Some of Polygon’s Strengths Include: How do I add Usdt to Huobi wallet?As it currently stands, every major layer-2 project has trusted parties who hold upgrade keys that can execute protocol upgrades, making it a primary point of centralization. This is because if upgrade keys were to be compromised, all deposited assets in the layer-2 protocol would be at risk. It has taken until NFTs to enable digital art to be collected similarly to traditional art, despite being an art form for decades. This is largely due to the fact that it was impossible to distinguish an original digital art piece from a copy.

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