Fidelity axes spot Ethereum ETF staking feature 

Several crypto ETF issuers are reportedly scrambling to amend SEC filings as odds for approved spot Ethereum products improved in the past 24 hours.  Wall Street titan Fidelity submitted an updated spot Ethereum ETF S-1 form with the U.S. SEC and removed all staking language, signaling dialogue with the regulator. Multiple reports also emerged claiming the securities watchdog has instructed other issuers and national exchanges like Nasdaq to expedite improved spot Ether (ETH) ETF filings ahead of possible partial approvals.  At press time, crypto.news had yet to hear back from…

EIGEN Riches Tempt Ethereum Devs, Even as ETF Approval Nears

MEV SNIPING! It’s not clear exactly what started it all, but top Ethereum developers locked horns on the social-media platform X, in an intense and almost uncomfortable-to-observe debate touching on the practice of maximal extractable value, or MEV – essentially, the use of sophisticated trading bots to frontrun user transactions at the point of execution. On May 16, Ethereum core developer Péter Szilágyi tweeted about his despair over the lack of progress in pushing to solve some of the blockchain’s most vexing issues. “Voila, the banking system recreated,” he wrote.…

South Korea’s Crypto Premium Drops Below 1% as Bitcoin and Ethereum Prices Align Globally

South Korea’s infamous crypto premium has diminished significantly, with bitcoin and ethereum prices now aligning closely with the weighted global averages, albeit with a minor premium. The BTC premium stands at 0.84%, while ETH’s premium is in a similar range. South Korea’s Crypto Premiums Slides When BTC reached its all-time high in March, the leading […] Original

London Stock Exchange to list physically-backed Bitcoin, Ethereum ETPs

An international exchange-traded fund provider WisdomTree has become among the first issuers to have its crypto ETPs listed on LSE. WisdomTree, an international exchange-traded fund (ETF) and exchange-traded product (ETP) provider, has achieved approval from the British Financial Conduct Authority to list its physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange (LSE), marking a pivotal moment for the industry and U.K.-based professional investors. In a blog announcement on May 22, Alexis Marinof, head of Europe at WisdomTree, emphasized the importance of this development, calling the approval a “significant…

WisdomTree Pioneers UK's First Crypto ETPs: Bitcoin and Ethereum Hit London Stock Exchange

As cryptocurrency enthusiasts eagerly await the approval of a physically-backed Ethereum (ETH) exchange-traded fund (ETF) in the US, London has also seen a groundbreaking development. The UK’s Financial Conduct Authority (FCA) has approved two crypto exchange-traded products (ETPs) by WisdomTree, which are soon to debut on the London Stock Exchange (LSE). WisdomTree Becomes First Crypto ETPs Issuer in The UK WisdomTree, a global issuer of exchange-traded products and funds with nearly $112 billion under management, announced on Wednesday that it received FCA approval to launch two new instruments on the…

PEPE soars amid Ethereum ETF optimism as new memecoins prepare to rise

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe price surges on positive Ethereum ETF news, while Galaxy Fox (GFOX) gains traction as a low-cap memecoin on Ethereum. The crypto market experienced a boom at the start of this week, fueled by positive Ethereum ETF news. According to Bloomberg ETF analysts, the odds of a spot Ethereum ETF approval have increased from 25% to 75%.  This news sparked a frenzy in the altcoin market, particularly for those…

Ethereum Co-founder Predicts Supply Crunch And Price Boom

Joseph Lubin, co-founder of Ethereum and CEO of blockchain technology firm Consensys, has expressed that the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) could lead to significant supply constraints for Ether. This development is anticipated to be a “watershed” moment for Ethereum. In an exclusive interview with DL News, Lubin predicted that the approval of spot Ethereum ETFs will unlock substantial institutional demand. Given that many institutions have begun their crypto investments with spot Bitcoin ETFs, Ethereum is naturally the next substantial asset…

Tether mints $1 billion USDT on Ethereum, forecasting an ETF approval

Tether minted on Tuesday $1 billion USDT tokens on the Ethereum blockchain, capitalizing on growing hype around a potential spot Ethereum ETF approval. The market upswing was driven by hopes that the U.S. Securities and Exchange Commission (SEC) will approve a spot Ethereum (ETH) ETF for trading this Thursday.  Whale Alert first reported the minting on Tuesday, which was replied to and confirmed by Tether CEO Paolo Ardoino, who wrote, “PSA: 1B USDt inventory replenish on Ethereum Network. Note this is an authorized but not issued transaction, meaning that this…