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2024-05-11

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Futures are derived trading products that include highly specific smart contract agreements. For instance, it can be programmed such that two parties can agree on exchanging a specific digital asset at a particular time. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.What Is a Zero-Knowledge Proof and How Does It Work? A Beginners Guide Buy Cryptocurrency-Trade Crypto on the SoFi App 24/7BNB continues to trade at $209 at the time of writing. 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

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Kostas Kryptos, Co-founder and Chief Cryptographer at Mysten Labs, provided one of the simplest examples of interactive ZKP with his differently-colored balls scenario. In his example, a prover must prove to a verifier that a red ball and a green ball are different colors without revealing which ball is which. With Proof of Activity consensus, validators can experience both the features of PoW and PoS consensuses. This makes the PoA system prevent validators from the chance of a 51% attack, as in PoW and PoS. Crypto APIs blockchain infrastructure suiteBitcoin (BTC) saw a snap retest of $27,000 around the Oct. 6 Wall Street open as wildcard United States employment data rattled markets.BTC/USD 1-hour chart. Source: TradingViewAnalysis: Jobs data “not what Fed wanted to see”Data from Cointelegraph Markets Pro and TradingView followed BTC price action as the largest cryptocurrency lost 2.1% in a single hourly candle.A subsequent rebound saw bulls recover those losses, with $27,700 — the area of interest from before the data release — now back in focus.The volatility came thanks to U.S. non-farm payrolls (NFP) jumping to almost double the number expected for September — 336,000 versus 170,000.Demonstrating the labor market’s ongoing resilience to the Federal Reserve’s counterinflation measures in the form of interest rate hikes, the implications of the September result were nonetheless viewed as bad for risk assets — including crypto. “Good news is bad news since the FED wants the labor market to lose strength,” popular trader CrypNuevo wrote in part of a response on X (formerly Twitter).“Given this increase, it surprises me that the unemployment rate stayed the same (3.8%). So I believe that the data will be revised down and it’ll be much lower.” Like others, CrypNuevo nonetheless eyed the increasing likelihood of another rate hike from the Fed at the November meeting of the Federal Open Market Committee.“The market understands this data as a new threat for a potential new 25bsp hike in November 1st (25% probabilities given yesterday vs 31.3% probabilities today),” he continued, referencing data from CME Group’s FedWatch Tool.“We have CPI on Thursday next week and that’ll hopefully give us a clearer view.” Fed target rate probabilities chart. Source: CME GroupCPI, or the Consumer Price Index, forms one of the key inflation indicators for Fed policy.Continuing, financial commentary resource The Kobeissi Letter suggested that pressure was now on both markets and the Fed itself.“Furthermore, the Fed pause was previously expected until June 2024, now a pause is expected until July 2024,” it reported on market projections for rate tweaks. “Market futures just fell 400+ points after the report. This is NOT what the Fed wanted to see.”Bitcoin open interest drainsLooking at Bitcoin’s specific reaction, popular trader Skew showed spot and derivatives traders exiting on the NFP print.Related: Bitcoin still beating US dollar versus ‘eggflation’ — Fed dataSpot sold & perps puked after the jump in NFP shorts chasing a bit more hereLikely PvP for rest of the morning https://t.co/7faaQLfur5— Skew Δ (@52kskew) October 6, 2023 Two Dynamic Realms of Racing

While the book delves into the intriguing rise and fall of one man, it falls short when it comes to accurately depicting the web3 community, potentially spreading misconceptions in the mainstream audience we strive to inform. Hong Kong's approach to retail stablecoins has financial implications: How do I verify Coinbase without SSN?Since its mainnet introduction in April 2023, the Lace light wallet platform has gone through multiple upgrades, adding new features and improving usability regularly. In addition to the new NFT marketplace, another feature of the updated AirSwap platform, Mosites said, is a more robust OTC trading service, built because the development team wanted to create a space for digital collectibles and design an open-source front-end that can be adapted by community members.

The firm is in a long-term contract whereby it sells pre-purchased power to its utility provider at market-driven spot prices in exchange for power curtailment credits. SEC Fines Stoner Cats NFTs Creator $1 Million for Securities Violation Ethereum Fees|Top Crypto Exchange's feesThis also includes a low age of destroyed coins. BNT showed similar signs before the upward movement. “The environmental community tends to be a bit slow—the first headlines with regard to Bitcoin’s electricity consumption were in like 2017, 2018, when the first Bitcoin bubble happened,” de Vries said. “It took until the second half of 2022 before environmental organizations started to get seriously involved.”

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