Grayscale Abandons post-Merge PoW Ethereum Tokens
Grayscale, a prominent cryptocurrency investment firm, has relinquished all rights to the post-Merge proof-of-work (PoW) Ethereum tokens (ETHPoW) only one year after the Ethereum Merge. Grayscale stated on September 18 that it had “irrevocably abandoned” all rights to ETHPoW tokens on behalf of the record date shareholders of each product. Grayscale determined after a comprehensive […]
Grayscale Has Filed For New ‘33 Act Ether Futures ETF
Grayscale’s submission of an application for an ether futures ETF has generated significant attention, indicating a possible change and prompting inquiries regarding the future of their Ethereum Trust. Grayscale Investments has submitted an application for a novel exchange-traded fund (ETF) designed to monitor ether futures as it seeks approval from the Securities and Exchange Commission […]
Binance CEO Dismisses Criticism, Claims ‘no liquidity issues’
Changpeng Zhao stated that despite the FUD, the crypto industry has scored a number of significant victories in recent weeks. Changpeng ‘CZ’ Zhao, co-founder and CEO of Binance, has dispelled recent rumors about his company, affirming that its balance sheet and employee retention remain robust despite recent market volatility. In a Sept. 7 post on […]
SEC Delays Spot Bitcoin ETFs Again, Crypto Market Drops
The SEC has postponed its decision on seven spot Bitcoin ETF applications, dampening the crypto market sentiment. This comes after Grayscale’s legal victory over the SEC, which had raised hopes for early approvals. The crypto market took a hit on Thursday as the U.S. Securities and Exchange Commission (SEC) delayed its decision on applications for […]
Crypto Tokens To Become Securities According To Grayscale
Grayscale said in recent filings that the three crypto tokens “may be a security based on the facts as they stand right now.” The U.S. Securities and Exchange Commission (SEC) has asked Grayscale Investments LLC about its “security law analysis” of tokens in some of its less popular crypto trusts. The investigation, which Grayscale revealed […]