Steve Kurz, head of Galaxy Digital Asset Management, said the U.S. SEC could approve a spot Ethereum ETF by the end of July.
Kurz said he expects the Ethereum spot ETF could be approved "in weeks, not days," but within a month. Galaxy has been working with the U.S. SEC on the application for months, noting that the company's upcoming spot Ethereum ETF is similar to the existing spot Bitcoin ETF (BTCO). Galaxy partnered with investment management firm Invesco to create both funds.
Kurz also expressed optimism that other spot crypto ETFs besides Ethereum will be approved, saying legislation (including laws defining securities) is necessary and that this process will take place even if Biden remains president.
Woj, founder of Farcaster client Supercast, said Farcaster Hub operators will not receive any airdrop rewards. He criticized those who run Hubs to get airdrops, saying that this behavior undermines the network and has a negative impact on other users. Woj emphasized that Hubs should only be run if they are truly needed and can be afforded.
He also said that he was unaware of any airdrops, but believed that users who disrupt the network through spam should be banned from participating in any Farcaster-related airdrops.
Nvidia has agreed to acquire <Shoreline.io>, a startup targeting software developers, according to people familiar with the matter. The deal was recently reached and values Shoreline at about $100 million. <Shoreline.io> makes software that finds problems and incidents in computer systems and helps automate their resolution. The company was founded in 2019 by Anurag Gupta, who worked at Amazon Web Services (AWS) for many years.
An Ethereum-based exchange-traded fund (ETF) set to launch soon in the U.S. could attract $4 billion in inflows in its first five months, according to a report from crypto analytics firm K33 Research.
The firm made its predictions by comparing the asset management of existing Ethereum (ETH)-based exchange-traded products worldwide with the open interest (OI) of similar Bitcoin (BTC) products and futures contracts on the Chicago Mercantile Exchange (CME), a preferred market for institutional investors.
According to K33, Ethereum’s OI on CME currently accounts for 23% of Bitcoin’s futures, but since Ethereum futures began trading on CME in 2021, the average share of Ethereum futures has accounted for 35% of Bitcoin futures, indicating that there is a huge institutional demand for Ethereum in the United States.
North Korean hacker group Kimsuky has carried out a series of targeted attacks against at least two cryptocurrency companies using new malware called "Durian," according to a May 9 threat report from cybersecurity firm Kaspersky. This was accomplished through a "sustained" attack utilizing legitimate security software specific to the South Korean encryption company.
According to Kaspersky, "Durian has comprehensive backdoor capabilities that allow it to execute sent commands, download additional files, and exfiltrate files."
Decentralized cloud computing infrastructure project Aethir officially stated that it will conduct an airdrop to the Azuki NFT community.
Users need to connect their wallet to the Aethir Cloud Drop platform and can check if they are eligible to receive the badge.
Galxe officially launched the [GP25] proposal on Snapshot, intending to migrate the token symbol and token contract, and convert the token symbol from GAL to G. The motivation for this move was the strategic needs and market applicable to the Galxe ecosystem. Consideration driven. Additionally, the Galxe team has reviewed this proposal and recommended adding the following:
Exchange GAL tokens for G tokens at 1:60. This means that for every 1 GAL token, 60 G tokens will be awarded to the holder.
The total supply of G tokens will change to 12,000,000,000, which is 60 times the current total supply of GAL tokens of 200,000,000.
Harvest Global Investments announced today that the Hong Kong Securities and Futures Commission has approved in principle Harvest’s investment in two major digital asset spot ETF products. Harvest's investment in the two major digital asset spot ETF products will be through OSL Digital Securities Co., Ltd., the first digital asset platform licensed and insured by the Hong Kong Securities Regulatory Commission, to effectively solve the excessive margin requirements, price premiums and rollovers caused by the lack of short positions. It can solve problems such as warehouse losses and more accurately reflect the real-time value of Bitcoin.
Distributed LSD protocol Obol Labs tweeted that after a period of testing and evaluation, its distributed validator cluster Obol DV Clusters is ready to be activated in the Lido Simple DVT module on the Ethereum mainnet.
Blockchain gaming platform PlayDapp team has announced plans to launch its mainnet via the Avalanche subnet on April 11 to expand its Web3 business.
It is reported that after the launch of the main network, PlayDapp will no longer support the existing public multi-chain, but will operate an independent chain with self-verification nodes as the main network to load various Web3 game projects and expand the ecosystem. It will also be committed to Support various game projects to be loaded onto the PlayDapp mainnet, and allow users to participate in staking, voting and NFT transactions on the mainnet.