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2024-05-15

Popular crypto exchanges(2023 Update) 2024-05-15
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Aside from the aforementioned transactions, Whale Alert reported on Oct. 9 that a staggering chunk of 50,000,000 XRP was shoveled from Crypto.com exchange. Velodrome to Introduce Aerodrome DEX on Coinbase's Base Network Crypto exchange | Buy cryptocurrency on WhiteBITGrayscale Investments files with the SEC to convert its $4.96 billion Ethereum Trust into a spot Ethereum ETF / Photo by DrawKit Illustrations on UnsplashToday, Grayscale Investments, a leading digital asset fund manager, submitted a filing to the U.S. Securities and Exchange Commission (SEC), to convert its Ethereum Trust into a spot Ethereum ETF. The move comes as other financial companies like Vaneck, Bitwise, and Proshares launch Ethereum Futures ETFs.A Calculated Move for Grayscale's Ethereum TrustGrayscale has formally lodged a Form 19b-4 with the SEC, looking to turn its Ethereum Trust into a physically-backed ETF on the NYSE Arca exchange. "As we file to convert ETHE to an ETF, the natural next step in the product's evolution, we recognize this as an important moment to bring Ethereum even further into the U.S. regulatory perimeter," Grayscale CEO Michael Sonnenshein told Globe Newswire.The Grayscale Ethereum Trust, established in March 2019, currently manages assets worth nearly $5 billion.The timing of Grayscale's Form 19b-4 filing is important, coinciding with the launch of Ethereum Futures ETFs from other financial players like Vaneck, Proshares, and Bitwise. While these companies have moved forward with futures-based offerings, Grayscale seeks to create a spot Ethereum ETF, differentiating its approach from competitors.Grayscale is not only focused on its spot Ethereum ETF but also has plans to convert its Bitcoin Trust into a spot ETF. It is facing legal complications with the SEC over the approval of this conversion, however. Future Plans: More Than Just a Spot Ethereum ETFIn addition to its efforts to establish a spot Ethereum ETF, Grayscale also has plans to launch an Ethereum Futures ETF based on cash-settled CME futures contracts, pending regulatory approval.David LaValle, Grayscale’s global head of ETFs, noted that the filing was "another important milestone as Grayscale continues to build its best-in-class ETF team, product suite, and capabilities—serving investors as a globally respected asset manager with unmatched crypto expertise."In short, Grayscale's move to convert its Ethereum Trust into a spot Ethereum ETF comes at a time when the market is seeing a surge in Ethereum Futures ETFs. While other firms are focusing on futures-based products, Grayscale's pursuit of a physically-backed offering could set it apart. The company's ongoing regulatory challenges and planned expansions indicate that Grayscale is working on multiple fronts to solidify its position in the ETF market.Ethereum Co-Founder Vitalik Buterin Explores Ethereum Staking Changes – What's Going On? Gary Wang testified last Thursday that FTX attorneys were involved in the structuring and execution of the loans he received.

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While activity on the base layer is shrinking with no clear catalyst to alter the trajectory, a number of Ethereum layer-2 networks are maintaining healthy activity. — Maxy (@maxytv) September 23, 2023 What is the largest exchange in the UK?“It is incredibly important to consider before donating that due to potential phishing scams and cyber attacks, please compare the crypto wallet address to the verified one on the official website, so that funds aren’t sent to addresses that may have been sent to you through other sources.” "DeFi should expand far beyond a few thousand power users," Reserve told The Block via email. "Base’s lower fees will enable people who are interested in using yield bearing stablecoins to actually use them without having all benefits wiped out by gas costs."

How Do Altcoins Function? Solana. Source: AdobeCoinbase's layer-2 network, Base, has surpassed Solana (SOL) in terms of total value locked (TVL).Base's TVL has reached an impressive $397.32 million since its launch in August, outpacing Solana's TVL of $358.96 million, data from DefiLlama shows. Over the past month, Base has experienced significant growth, with a remarkable 97.21% increase in TVL.On the other hand, Solana has seen a decline of 9.64% in its TVL over the same timeframe.The bulk majority of Base's TVL comes from two projects. Decentralized exchange Aerodrome Finance holds the top spot with a TVL of $97.83 million, while the decentralized social media app Friend.tech ranks second with a TVL of $36.53 million.Aerodrome Finance, launched on August 28, allows users to deposit liquidity to earn its native AERO tokens and offers other features. Although it had a slow start, Aerodrome's TVL skyrocketed on August 31, with a massive $150 million pouring in on that day alone. However, the project's TVL has since decreased by approximately 51% as the initial hype subsided.Friend.tech, launched on August 11, enables users to tokenize their social networks through the buying and selling of "Keys." Despite facing challenges in late August, the platform experienced a dramatic surge in September. DefiLlama reports a 540% increase in Friend.tech's TVL over the past month, primarily driven by a pump that began on September 9 alongside a resurgence in daily trading volume.Looking beyond the top projects, Base's TVL is predominantly contributed by multinetwork decentralized finance platforms such as Compound, Curve, and Uniswap.Furthermore, Base has achieved a new milestone this month, reaching a peak of 1.88 million daily transactions on September 14, surpassing rival chains like Optimism and Arbitrum, which had a combined total of almost 880,000 transactions on the same day. As of today, Base's daily transactions have decreased to approximately 908,000, but the all-time high record remains intact.Coinbase Pushes for Regulatory Clarity in the USAs of late, Coinbase has ramped up efforts to bring about positive changes in US legislation in the crypto sector.Earlier this week, the exchange launched a new media campaign, encouraging people who are interested in crypto to contact their congressional representatives through its platform to let them know crypto regulation clarity is an important issue for them.In mid-August, the exchange also announced the launch of a crypto advocacy group tasked with promoting the interests of the crypto community.Dubbed Stand with Crypto Alliance, the independent nonprofit organization aims to mobilize support for legislation that would create a regulatory framework for digital assets in the US.Furthermore, earlier this year, the company filed a lawsuit against the agency to compel the SEC to establish clear regulations for the cryptocurrency industry. Despite the push for regulatory clarity, the exchange has come under scrutiny.In June, the SEC sued Coinbase, accusing the platform of operating as an unregistered securities exchange, broker, and clearing agency. DeFi Protocol Balancer Faces Another Security Breach After Being Exploited for $2M a Month Ago russian cryptocurrency— TexasHedge (@0xTexasHedge) October 9, 2023 Alternatively, if crypto-native investors keep piling into BTC as predicted, the price could hit $30,000. But first, BTC must clear the initial resistance at $29,000.

This post is commissioned by TRON and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.Celer cBridge Broadens Horizons with OCEAN Support for Oasis Sapphire’s Ecosystem “9 minutes into Lex / Mark metaverse podcast I forgot I was watching avatars,” wrote coder Jelle Prins. What's the next big cryptocurrency? Experts say it could be ...The data further showed that South Korea saw the trading of 622 types of cryptocurrencies in the first half of the year, including popular options like Bitcoin, Ethereum, Ripple, and Dogecoin. Understanding Gaming Tokens and Coins

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