Grayscale has retracted its application to list its ethereum trust, known as ETHE, as detailed in a filing with the U.S. Securities and Exchange Commission. James Seyffart, a Bloomberg analyst specializing in exchange-traded funds (ETF), expressed puzzlement over Grayscale’s decision to do so. Grayscale’s Strategic Ethereum Trust Retraction Filing Raises Questions Per a filing with […]

Ethereum Proposal by Vitalik Buterin Introduces Advanced Account Abstraction Features
https://news.bitcoin.com/ethereum-proposal-by-vitalik-buterin-introduces-advanced-account-abstraction-features/

A new Ethereum Improvement Proposal, EIP 7702, spearheaded by Vitalik Buterin and fellow collaborators, aims to refine account abstraction on the Ethereum network, enhancing quantum resistance and compatibility with existing standards. EIP 7702 Targets Enhanced Security and Compatibility According to the Github summary, EIP 7702 emerges as a pivotal alternative to the existing EIP-3074, addressing […]

Binance CEO Says Nigeria’s Detention of Employee on ‘Spurious’ Charges Sets ‘Dangerous Precedent’
https://news.bitcoin.com/binance-ceo-says-nigerias-detention-of-employee-on-spurious-charges-sets-dangerous-precedent/

Binance CEO Richard Teng has warned that Nigeria’s decision to invite and subsequently detain mid-level employees on what he calls “spurious” charges sets “a dangerous precedent for companies worldwide.” Teng stated that certain lawmakers in Nigeria demanded a significant payment in cryptocurrency to dismiss the charges against Binance. Binance CEO Laments ‘Spurious’ Charges Against Tigran […]

Vaneck Introduces Meme Coin Tracking With ‘MEMECOIN’ Index
https://news.bitcoin.com/vaneck-introduces-meme-coin-tracking-with-memecoin-index/

The investment management firm Vaneck has expanded into the meme coin sector with the launch of its new Marketvector meme coin index, “MEMECOIN.” This index, available through Marketvector Indexes—a company focused on digital assets and various other sectors—monitors the performance of the leading six meme coins. MEMECOIN primarily operates as a modified market cap-weighted index, […]

ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’
https://news.bitcoin.com/ecbs-joachim-nagel-urges-central-banks-to-evolve-we-need-to-work-on-our-business-model/

Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities
https://news.bitcoin.com/coinbase-legal-chief-urges-sec-chair-to-stop-misleading-the-market-about-crypto-tokens-being-securities/

Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions that numerous crypto tokens conform to the legal definition of securities, thereby requiring compliance with SEC regulations. Coinbase’s CLO to Gensler: Please Stop […]

Standard Chartered: Second Trump Term Would Be ‘Broadly Positive’ for Crypto
https://news.bitcoin.com/standard-chartered-second-trump-term-would-be-broadly-positive-for-crypto/

Standard Chartered Bank predicts that a second term for the Trump administration would create a favorable regulatory landscape, leading to a positive outlook for the crypto sector. The bank has revised its forecast citing improved market sentiment after cautioning that bitcoin’s price could drop to the $50K range. Standard Chartered on Trump and Crypto Standard […]

Crypto Derivatives Exchange Bitmex Ventures Into Options Trading
https://news.bitcoin.com/crypto-derivatives-exchange-bitmex-ventures-into-options-trading/

On Wednesday, the cryptocurrency exchange and derivatives trading platform Bitmex declared its introduction of new trading options. Users now have the opportunity to engage in a broad selection of crypto options, which are margined in bitcoin, USDT, or USDC. Bitmex Introduces Options Trading On Wednesday, the crypto firm Bitmex, established in 2014 by Arthur Hayes, […]