Summary Ethereum does not just disappear after token burn, it can be issued in the form of Burned ETH or BETH. The Ethereum Community Foundation’s Zak Cole created BETH to keep a tokenized record or proof of burns. BETH is not redeemable for Ethereum at any point in the future; it is simply a receipt
Key Takeaways Bitwise has registered a trust in Delaware for a potential spot Avalanche (AVAX) ETF. The Bitwise Avalanche ETF would expand Bitwise’s lineup of crypto investment products if approved. Share this article Bitwise Asset Management has registered an Avalanche exchange-traded fund in Delaware as the fund manager seeks to expand its lineup of single-crypto
A $105 million deal has been struck between Trump Media & Technology Group, Yorkville Acquisition Corp., and Crypto.com to acquire 684.4 million Cro Crypto (CRO) tokens at about $0.153 each. The purchase amounts to roughly 2% of the token’s circulating supply and will be placed in institutional custody. Devin Nunes, chief executive of Trump Media,
TL;DR XRP reserves jump to 3.58B on Binance, signaling increased selling risk and weaker market demand. Whale deposits fall below 30-day average, offering temporary relief from intense selling pressure. Futures open interest remains high at $7.43B, hinting at looming volatility if positions unwind. Binance Reserves Reach New High XRP reserves on Binance have climbed to
The freeze of Justin Sun’s WLFI holdings has spotlighted governance concerns and ended his fragile bromance with Trump. Summary WLFI froze Justin Sun’s wallets on Sep. 4, blocking access to 540 million unlocked and 2.4 billion locked tokens worth over $500 million. Sun denied manipulation, calling the freeze unreasonable, while blockchain firm Nansen traced WLFI’s
Key Takeaways The SEC and CFTC plan to harmonize regulations to bring perpetual contracts and 24/7 trading back to US markets. The agencies are considering frameworks for DeFi, portfolio margining, and safe harbors for peer-to-peer crypto asset trading. Share this article The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are
In a monumental move that has taken the crypto market by storm, Netflix’s acclaimed series Black Mirror is set to launch its own token, according to Robbie Ferguson of Immutable. This development, announced yesterday (September 4), marks what could be the beginning of a massive influx of AAA franchises into the Web3 space. Netflix's most iconic
Bitcoin has been on a downtrend after hitting a new all-time high in mid-August. This decline stands in stark contrast to rising equities and gold prices. Such a divergence, however, strengthens the case that crypto markets may soon stage a bullish catch-up rally. Perfect Setup for a Surprise Rally? In its latest analysis, crypto analytic
Shrinking exchange balances on Binance suggest Ethereum holders are pulling coins off the market, a move that could tighten supply and set the stage for next rally. Summary Ethereum price is at $4,330, consolidating just under $4,400 after a late August peak. Binance’s Ethereum supply ratio fell from 0.041 to 0.037, suggesting reduced sell pressure.
Key Takeaways Tether is actively exploring investments in the gold mining industry to diversify its holdings. The company operates both USDT and XAUt tokens, with huge gold reserves and a growing presence in commodity markets. Share this article Tether is exploring investments across the gold industry, from mining and refining to trading and royalty companies,