Crypto investment firm Bitwise filed an application with the Securities and Exchange Commission (SEC) today to offer a spot Ethereum ETF. Bitwise joins an increasingly crowded field of companies vying to bring the first Ethereum spot ETF to market following the successful launch of Bitcoin spot ETFs earlier this year. According to the S-1 registration form filed by Bitwise, the…
Bitwise has submitted a filing for a spot Ethereum ETF with the Securities and Exchange Commission (SEC) amid growing uncertainty surrounding the approval timeline for such financial products. Earlier this month, Bitwise’s CIO, Matt Hougan, suggested that the approval for spot ether ETFs would be better deferred beyond May. Despite ongoing speculation, Bitwise has proceeded with its S-1 filing for…
A day after a merger announcement, AI tokens connected to Fetch.AI, SingularityNET, and Ocean Protocol are up 30% for the week, according to CoinGecko. On Wednesday, the three projects announced plans to combine into a single entity. If approved by their respective communities, the merger would effectively create a massive decentralized AI ecosystem called the Superintelligence Alliance. A day after…
Investment firm Kerrisdale Capital has released a report suggesting that MicroStrategy’s shares are overvalued, arguing that they trade at a premium compared to the underlying value of Bitcoin. Kerrisdale Capital, which holds a short position on MicroStrategy shares and is long on bitcoin through BlackRock and Fidelity’s spot bitcoin ETFs, highlighted the significant surge in MicroStrategy’s stock price amidst the…
Blockchain-based film funding platform Decentralized Pictures is gearing up to launch its own in-app streaming service, DCP+, with a beta release “in the next month or so.” “With the power that is in the hands of some of the distribution channels these days, it’s very important to give folks a way to showcase their work to the world and monetize…
Call of Duty players seeking out third-party “cheat” software to manipulate the popular first-person shooter game were among the victims of a targeted phishing attack, cybersecurity firm VX Underground said on Wednesday. The attack also targeted players seeking “pay-to-cheat” software for use on Activision Blizzard’s Battle.net, the PC platform for games like World of Warcraft, Overwatch, and Diablo. The cheat…
Bitcoin, celebrating its 15th anniversary, marks a significant milestone in cryptocurrency’s evolution. While Bitcoin pioneered this market, it has now expanded to include thousands of diverse tokens collectively valued in trillions of dollars, showcasing the dynamic evolution of the cryptocurrency ecosystem. As the cryptocurrency market continues to grow, investors face the challenge of navigating this vast and varied landscape effectively.…
On a rainy Thursday in New York City, the saga of Sam Bankman-Fried came to an end—for now, at least. U.S. District Judge Lewis Kaplan sentenced the co-founder and former CEO of FTX to 25 years in prison, with three years of supervised release and the forfeiture of more than $11 billion in ill-gotten gains. Sam Bankman-Fried’s lawyers said they…
Following the debut of the Dencun upgrade and Ethereum blobs, enthusiasts have devised methods to embed data akin to how Ordinal inscriptions operate. Since this development, inscription-based activities now account for over 40% of blob transactions, leading to a significant increase in network activity. This uptick has resulted in a congestion of blob transactions, pushing […] Source: https://news.bitcoin.com/ethereum-blob-inscriptions-exceed-40-triggering-unprecedented-blob-contention/
MicroStrategy stock is on a roll, hitting new highs as the price of Bitcoin surges. The “Bitcoin development company” stock (MSTR: NASDAQ) is now priced at $1,746 per share—a year-to-date rise of 615%. The price has now gotten “carried away,” however, and is due for a dip in price, investment management firm Kerrisdale Capital said in a new report. Titled “Know…
