According to court documents from last December, Celsius controlled 90 million MATIC, 103 million ADA, 161,000 SOL, 3.3 million LINK, 1.8 million polkadot (DOT), 200,000 litecoin (LTC) and 106,000 AAVE on November 25, 2022. It was not entirely clear what the company’s current positions are in those assets and how much of those are to be excluded from the sale. Source
Celsius “may sell or convert any non-BTC and non-ETH cryptocurrency, crypto tokens, or other cryptocurrency assets other than such tokens that are associated with Withhold or Custody accounts … to BTC or ETH commencing on or after July 1, 2023,” Glenn’s ruling said. Source
On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures. The launch of these futures contracts is slated for July 31, subject to regulatory review. Efficiently capture the relative value of ether and bitcoin in a single trade with Ether/Bitcoin Ratio futures, launching July 31. https://t.co/WDFhIt5rJ7 — CME Group (@CMEGroup) June 29, 2023 According to the announcement, the settlement of Ether/Bitcoin Ratio futures will be in cash, based on the final settlement price of CME Group’s Ether (ETH) futures divided by the final settlement price of…
“Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities,” Giovanni Vicioso, CME Group global head of cryptocurrency products said in a statement. “With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view.” Source
“While staying true to the investment objectives of the Funds, we believe that commencing ETH staking offers the best of both worlds to our investors – providing additional yield while eliminating the complexities of directly handling digital assets,” Fred Pye, Chairman and CEO of 3iQ, said in a statement. Source 3iQCanadianCoinbaseETFETHIssuerOfferStakingWork CryptoX Portal
Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing. A large part of the recent leg of Bitcoin’s (BTC) rally started after BlackRock filed to list a spot Bitcoin exchange-traded fund (ETF) on June 15. Several applications by other firms have been rejected by the United States Securities and Exchange Commission in the past. However, BlackRock’s filing has a 50% possibility of getting approved, said Bloomberg senior ETF analyst Eric Balchunas. Another bullish catalyst for the cryptocurrency markets could be a filing by…
The volume of Ether staked keeps reaching new heights since the Shapella upgrade in April, crossing 23 million Ether locked in June. According to data from analytics firm Nansen, a total of 23.3 million Ether (ETH) was staked as of June 27, amounting to $43.1 billion at the time of writing and representing nearly 20% of the current $220 billion supply of ETH. In comparison, Solana (SOL) currently has a staking ratio of 70.58%. ETH deposits, withdrawals and total locked. Source: Nansen In the Ethereum blockchain network, staking refers to the process of…
The enhanced version incorporates lessons learned in the four years since Tokensoft debuted ERC-1404, said Noah Thorp, CEO of Upside, a token issuance firm. Prime can handle automated lock-ups and dividend distributions, two features the original could not. Source
In this “future internet of value,” Matter Labs says zkSync Era will be just one among many compatible blockchains. As it stands now, though, Era is the chain with the most liquidity, the largest number of builders, and the greatest number of platforms already on its network. New blockchains that launch using the ZK Stack could just clone zkSync to compete with it, but they’re more likely to rely on Era for its liquidity and interoperability tech. Source ArbitrumCloneCodeETHEthereumLayerOptimismTeamszkSync CryptoX Portal
According to Bitfinex, users are now able to buy and sell bitcoin (BTC), ether (ETH), tether tokens denominated in euros (EURT) and US dollars (USDT), and Tether gold (XAUT) pegged to the price of gold. Customers can use a payment method and domestic currency of choice, the company added. Source