Buterin's remarks follow Coinbase executives' pushback against claims that Base's sequencer makes it operate like a centralized exchange.
The firm has reportedly received significant interest from outside investors and may eventually become an externally focused fund.
Companies just need to prove they meet new generic listing standards.
Institutional staking may soon receive a significant boost as reports emerge that Grayscale is preparing to stake its substantial Ethereum holdings. This move would mark a pivotal shift for one of the world’s largest crypto asset managers, bringing billions of dollars worth of ETH into active network participation. In an X post, on-chain analyst CryptoGoos has brought to light a significant development in the institutional crypto space. Grayscale is reportedly preparing to stake its massive Ethereum holdings. Although not yet confirmed, such a move, which was flagged by on-chain data following a transfer of over 40,000 ETH, is a significant signal of Grayscale’s evolving strategy and a potential game-changer for the ETH market. Why The Grayscale Move Could Accelerate Mainstream Adoption According to the data, Grayscale’s alleged transfer of a large sum of ETH is consistent with preparatory steps for staking. The firm, which holds approximately 1.5 million ETH in its various trusts, is now positioning a portion of that vast holding to earn staking rewards. Related Reading: Ethereum Staking Hits Record 36 Million ETH, Driving Structural Supply Shock If this is indeed the case, it would be a historic moment. Grayscale would become the first US-based ETH ETF sponsor to offer staking in the market, a feature that has been a point of contention with the Securities and Exchange Commission (SEC). While reports suggest Grayscale is preparing to stake ETH, market analyst TheKingfisher has issued a significant warning based on the ETH GEX+ chart, which he states is flashing a strong negative signal. This analysis centers on a key options metric known as Gamma Exposure (GEX), an indicator that provides insight into how professional traders, or dealers, are positioned in the market. The dealers are short gamma at the current implied volatility (IV) of 61 and an index price of $4,593. This dynamic is where volatility is likely to be amplified. Instead of a market that moves slowly and predictably, the ETH GEX+ signal suggests that price swings could be sudden and extreme, catching most retail traders off guard with the speed of moves. However, smart money considers the development a rare opportunity to capitalize on aggressive dealer hedging. In the meantime, this environment demands tight risk management. The Gateway To Price Discovery Ethereum price is at a pivotal point, currently consolidating between the $4,000 support level and its previous all-time high. MilkRoadDaily has also revealed that the next crucial step for ETH is a weekly close above its all-time high, which would put the asset into a phase of price discovery, where history shows the biggest moves have happened. Related Reading: Ethereum Gears Up For $10,000: Charts Flash Parabolic Rally Signals Drawing on this historical pattern, MilkRoadDaily suggests that in the previous market cycle, ETH cleared its old highs with a parabolic run, ripping an additional 240%. If this historical pattern were to repeat itself, a similar move from its current position could project a new price target of around $16,500. Featured image from iStock, chart from Tradingview.com
Grayscale has filed an amended S-1 in its latest move to convert its closed-ended Dogecoin trust into an exchange-traded fund.
The SEC's move to approve listing standards for cryptocurrency funds is being hailed as a "huge deal" by crypto advocates.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
For the first time in the U.S., an exchange-traded fund tracking the price of the third-largest cryptocurrency, XRP, has begun trading.
An exchange-traded fund tracking the price of the largest memecoin, DOGE, is officially on the market for the first time in the U.S.
Prediction markets are entering the mainstream as blockchain rails, AI analysis, and news feeds collide, according to analysts at Bernstein.
The move opens the way for exchanges to list spot digital asset-backed funds without the case-by-case approval of the regulator.
The SEC approved on an "accelerated basis" listing standards for crypto ETFs, setting the stage for those products to be ready for trading.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The U.S. and the UK plan to collaborate on cryptocurrency oversight, including potentially establishing a "cross-border sandbox," FT reports.
Binance agreed to a compliance monitorship as part of its plea deal with the DOJ in 2023 over money-laundering and sanctions violations.
Bitwise has put forward an exchange-traded fund proposal that focuses on tokenization, as interest in that sector surges.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Proposed SEC generic listing standards for crypto ETPs could "blow the market wide open," according to Bitwise CIO Matt Hougan.
The SEC and Gemini have reached a resolution after the agency accused the exchange of not following its rules when it launched Gemini Earn.
Investment company REX Shares and Osprey Funds are launching an XRP ETF this week, marking the first of its kind to debut in the U.S.
U.S. SEC Chair Paul Atkins used an OECD speech in Paris to outline Project Crypto, promising clear rules for digital assets and urging global cooperation.
Fidelity and Canary have moved a step closer in their bid to launch altcoin-focused exchange-traded funds (ETFs) in the United States. On Sept. 11, the Depository Trust & Clearing Corporation (DTCC) quietly added three spot ETF products, including Fidelity’s Solana ETF (FSOL), Canary’s HBAR ETF (HBR), and Canary’s XRP ETF (XRPC), to its platform. The […]
The post Fidelity and Canary stir crypto markets with DTCC-listed altcoin ETFs amid SEC delays appeared first on CryptoSlate.
The U.S. Securities and Exchange Commission (SEC) is changing course on how it regulates cryptocurrencies. At the inaugural OECD Roundtable on Global Financial Markets in Paris, SEC Chairman Paul S. Atkins declared that the “era of uncertainty is coming to an end,” with America preparing to embrace digital assets as part of its financial system. …
SEC Chairman Paul Atkins has been vocal in his support of digital assets but his agency continues to punt on many ETFs.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
SEC Chairman Paul Atkins also reiterated the stance that “most crypto tokens are not securities” and fall outside the SEC.
Scaled for size, a relatively small amount of flows into Solana could significantly impact prices in the months ahead, Matt Hougan said.
The crypto asset manager is looking to convert its single asset Bitcoin Cash, Hedera, and Litecoin trusts into exchange-traded funds.
The framework sets up negotiations with Republicans over ethics restrictions, enforcement, and the pace of legislation in the coming weeks.
DOGE is up 7% in the past 24 hours as anticipation of a spot ETF launch builds.