VanEck To Halt & Liquidate Ethereum ETF Futures Amid Market Decline
VanEck to halt and liquidate its Ethereum ETF Futures due to declining market interest, poor performance, and regulatory uncertainty, causing a significant drop for ETH price. VanEck, a leading investment management firm, has announced plans to shut down and liquidate its Ethereum Futures ETF (EFUT). This move is seen as a significant blow to Ethereum’s price, which […]
BitGo Approved as Crypto Custodian for Swiss SIX Exchange
BitGo has increased its market share in the European cryptocurrency market by being approved as a custodian under the SIX Exchange Regulation Crypto-Asset Rule. According to a business statement on X, the company can now offer regulated custodial services per Swiss financial legislation. The main stock market in Switzerland, SIX market, has approved BitGo, which […]
DWF Labs Hints at Synthetic Stablecoin
The crypto market maker DWF Labs intends to introduce a stablecoin that could rival Ethena’s USDE. The co-founder of DWF Labs, Andrei Grachev, claims that the cryptocurrency trading and market-making business has completed the design of its synthetic stablecoin. Collateral assets like Bitcoin and other allocated cryptocurrencies are the foundation for synthetic stablecoins, which run […]
Moxy Partners with SKALE for Gasless Blockchain
SKALE Labs and Moxy, an esports and gamification platform are collaborating to transform the gaming industry. As per SKALE Labs, this partnership represents a significant advancement in connecting web2 and web3 gaming. A blockchain network called SKALE enables user-centered, scalable decentralized applications in the fields of gaming, AI, and other dApps. These apps take advantage […]
Ripple Co-Founder Endorses Harris for President in Signed Letter
Another former Ripple board member, Gene Sperling, stepped down from the White House to join Kamala Harris‘ 2024 presidential campaign. Chris Larsen, co-founder and executive chairman of Ripple, has joined other corporate leaders in endorsing Vice President Kamala Harris for the 2024 U.S. presidential election. As reported by CNBC on Sept. 6, Larsen signed a letter […]