Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications. The two proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), according to an…
Our weekly roundup of news from East Asia curates the industry’s most important developments. HashKey Hong Kong to commence retail trading Crypto exchange HashKey, the first licensed virtual asset provider in Hong Kong, will open its doors to residents for retail trading on August 28. According to local news reports, investors will only be allowed to invest up to 30%…
NFL Rivals, an officially licensed mobile football game from Mythical Games, added the ability Thursday to purchase NFT player cards on the secondary market via the iOS and Android apps, integrating a feature that was previously limited to Mythical’s web-based marketplace. The move comes following a recent announcement by Google that it would update its Android Play Store policies to…
Argentina-based Num Finance has announced it has gone live with a n stablecoin pegged to the Colombian peso, the company announced Aug. 24 in an X post. The stablecoin — called nCOP — is an overcollateralized, Polygon-based stablecoin and is aimed at the remittance market. Colombia receives over $6.5 billion a year in remittances, Num stated in a blog post.…
Multichain wallet Exodus has released its financial results for the second quarter of 2023, disclosing revenue of $12.4 million, a 4% decrease year-over-year. Net income amounted to $1.9 million. According to Exodus, its exchange aggregation business accounted for the majority of total revenue in the quarter, totaling $11.6 million. Fiat onboarding revenue rose 220% from 2022 to $561,000. The volume…
Researchers are making monumental strides in enhancing robotic dexterity and tactile sensing. The goal? Robots that can manipulate objects with the finesse and precision of human hands. At the forefront of this research field is a groundbreaking study from MIT’s Computer Science and Artificial Intelligence Lab (CSAIL). The team tackled the intricate challenge of contact-rich manipulation, a domain where robots…
The upcoming $1.9 billion Bitcoin (BTC) monthly options expiry on Aug. 25 is key to defining whether the $26,000 support level will hold. One could pin the recent cryptocurrency market sell-off to the U.S. Securities Exchange Commission decision to delay the spot Bitcoin exchange-traded funds (ETF), but there’s also the macroeconomic perspective. If the U.S. Federal Reserve’s efforts to curb…
The parent company of crypto custodian Prime Trust, currently involved in Chapter 11 bankruptcy proceedings, has reported losing roughly $8 million in client and treasury funds through TerraUSD (UST) investments. In an Aug. 24 filing in United States Bankruptcy Court for the District of Delaware, Prime Core Technologies reported that “under prior management” the firm had lost $6 million in…
ARK Invest and Glassnode have released white papers describing a proposed framework for analyzing Bitcoin on-chain metrics. The new method is called Cointime Economics and introduces a new measure – the coinblock – to represent the state of the Bitcoin (BTC) network. Cointime Economics can be used to represent Bitcoin’s economic state in place of outstanding supply. The use of…
BitMEX co-founder Arthur Hayes believes the Federal Reserve will lose its quest to beat inflation, ultimately benefiting “risk assets of finite supply,” such as Bitcoin. In a blog post published on Wednesday, the essayist argued that the Fed is sucking money from one area of the economy while injecting money into another. As long as the Fed’s strategy to combat…
