🚀 WisdomTree Withdraws Ethereum Trust Filing With SEC
#wisdomtree #ethereum #sec #etf #filing #cryptocurrency #vanek #investing #financialnews #ETH
According to Cointelegraph, asset manager WisdomTree has requested to withdraw its Ethereum Trust S-1 filing with the United States Securities and Exchange Commission (SEC), more than three years after initially submitting it. The original registration statement was filed on May 27, 2021. In a recent filing with the SEC on September 6, the company confirmed that no securities have been or will be issued or sold pursuant to the registration statement. WisdomTree also acknowledged that it would not receive a refund for fees paid to the SEC for submitting its registration statement but requested that the amount be credited for future use.
The application was initially filed for the Ethereum (ETH) ETF shares to be listed on the Chicago Board Options Exchange’s BZX Exchange. This development coincides with asset manager VanEck announcing the closure of its futures-based Ether ETF due to insufficient demand as spot cryptocurrency ETFs dominate inflows. VanEck cited factors such as performance, liquidity, assets under management, and investor interest as reasons for closing the fund. Shares of the VanEck Ethereum Strategy ETF (EFUT) will stop trading on September 16, and fund assets will be liquidated and returned to investors on or around September 23.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.#wisdomtree #ethereum #sec #etf #filing #cryptocurrency #vanek #investing #financialnews #ETH
🚀 ETH/BTC Exchange Rate Analyst Sells 3000 ETH Amid Decline
#ETH #BTC #exchange #analyst #sale #decline #WBTC #loans #longposition
According to Odaily, on-chain data analyst Yu Jin has reported that ETH/BTC exchange rate 'bull' James Fickel sold 3000 ETH following last night's decline. The sale was converted into 124 WBTC to repay loans. Currently, Fickel's long position on the ETH/BTC exchange rate has significantly depreciated as the rate continues to fall. At its peak in late May, he borrowed and sold as much as 2981 WBTC, which has now decreased to 2316 WBTC.#ETH #BTC #exchange #analyst #sale #decline #WBTC #loans #longposition
🚀 Pacman Reflects On Crypto Market Evolution Since 2019
#Pacman #CryptoMarket #Blockchain #DeFi #NFTs #YieldBearingStablecoins #BearMarket #Innovation #Trading #MarketCycle #BLUR
According to BlockBeats, on September 7, Blur and Blast founder Pacman shared his thoughts on social media about the evolution of the cryptocurrency market since 2019. He described the 2019 bear market as particularly disheartening, noting the lack of enthusiasm and user engagement in the crypto space at that time. However, he highlighted the significant developments that have occurred since then, including the emergence of DeFi, Perp DEXs, NFTs, and yield-bearing stablecoins. Pacman emphasized that there are now a considerable number of active users on-chain, engaging in substantial trading activities.
Pacman acknowledged the difficulty in predicting short-term price movements in the coming days or weeks but expressed confidence in the continued existence and growth of the crypto sector. He pointed out that each market cycle tends to produce new category leaders, many of which are established during bear markets. He cited Blur as an example of a project that was built during such a period. Pacman concluded by stating that challenging times often present the best opportunities for innovation and growth in the cryptocurrency industry.#Pacman #CryptoMarket #Blockchain #DeFi #NFTs #YieldBearingStablecoins #BearMarket #Innovation #Trading #MarketCycle #BLUR
🚀 Grayscale Reports Significant Net Outflows in GBTC and ETHE
#Grayscale #GBTC #ETHE #Bitcoin #Ethereum #netoutflows
According to BlockBeats, on September 7, Farside Investors reported significant net outflows from Grayscale's investment products. Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $52.9 million, while Grayscale Ethereum Trust (ETHE) saw a net outflow of $10.7 million.
Additionally, Grayscale's mini Bitcoin Trust recorded a net outflow of $5.5 million. Meanwhile, the mini Ethereum Trust reported no net inflows or outflows.#Grayscale #GBTC #ETHE #Bitcoin #Ethereum #netoutflows
🚀 Ethereum Whale Sells Over 5,000 Tokens To Avoid Liquidation
#Ethereum #whale #liquidation #wstETH #stETH #BlockBeats #crypto #USDT
According to BlockBeats, on September 7, on-chain data analyst @ai_9684xtpa reported that a significant Ethereum whale with an address starting with 0x1dF sold 5,178 wstETH and stETH tokens in the past four hours to avoid liquidation. The total value of the sold tokens is approximately $12.84 million, with an average selling price of $2,481 per token.
Currently, the address still holds 24,651 stETH tokens as collateral and has borrowed 30.91 million USDT. The health factor of the account stands at 1.44. If the price of Ethereum drops to $1,823, it will trigger liquidation.#Ethereum #whale #liquidation #wstETH #stETH #BlockBeats #crypto #USDT
🚀 Dragonfly Partner Discusses DePIN Projects
#Dragonfly #DePIN #DecentralizedInfrastructure #HaseebQureshi #DigitalVerification #Scalability #Centralization
According to Odaily, Dragonfly Managing Partner Haseeb Qureshi recently shared his views on the X platform regarding DePIN projects, which involve decentralized physical infrastructure. Qureshi emphasized that the less physical (P) components involved in these projects, the better. He argued that any purely physical elements significantly increase verification costs and fraud rates, leading to centralization. In contrast, digital verification tasks, such as storage and computation, are easier and more scalable compared to physical work.#Dragonfly #DePIN #DecentralizedInfrastructure #HaseebQureshi #DigitalVerification #Scalability #Centralization
🚀 Smart Money Address Plans To Liquidate WBTC Holdings Amid Market Downturn
#SmartMoney #WBTC #Bitcoin #MarketDownturn #FalconX #Profit #Cryptocurrency
According to Odaily, on-chain data analyst @ai_9684xtpa has monitored activity indicating that a Smart Money address, which accumulated Wrapped Bitcoin (WBTC) at an average price of $42,518 between November 2023 and August 2024, appears to be planning to liquidate its holdings amid the current market downturn.
In the past six hours, this address has deposited 195.48 WBTC, valued at $10.49 million, into FalconX. If the entire amount is sold, the address stands to make a profit of $2.18 million.#SmartMoney #WBTC #Bitcoin #MarketDownturn #FalconX #Profit #Cryptocurrency
🚀 Ark Invest Transfers 1265 BTC Worth $66.72 Million
#ArkInvest #Bitcoin #BTC #ETF #Cryptocurrency #Blockchain
According to Odaily, Arkham monitoring data reveals that Ark Invest's Bitcoin exchange-traded fund, ARKB 21Shares Bitcoin ETF, transferred 1,265 BTC to an unmarked address approximately five hours ago. The transferred Bitcoin is valued at around $66.72 million.#ArkInvest #Bitcoin #BTC #ETF #Cryptocurrency #Blockchain
🚀 Alameda Transfers $7.8 Million in Cryptocurrency
#Alameda #Cryptocurrency #PeckShield #USDT #Wintermute #ETH #Transfer
According to Odaily, PeckShield monitoring has revealed that Alameda has transferred approximately $7.8 million worth of cryptocurrency. This includes around $6.28 million in USDT sent to Wintermute and 721 ETH transferred to the address 0x1FB0...3150.#Alameda #Cryptocurrency #PeckShield #USDT #Wintermute #ETH #Transfer
🚀 Uniswap Launches Bug Bounty Program for V4 Version
#Uniswap #BugBounty #V4 #Cryptocurrency #Blockchain #Rewards #October #UNI
According to Odaily, Uniswap has initiated a bug bounty program for its v4 version. The program, which runs until October 1, offers a total of $2.35 million in rewards to users who identify bugs.#Uniswap #BugBounty #V4 #Cryptocurrency #Blockchain #Rewards #October #UNI
🚀 CyberKongz's Decentralized Project Embraces Full Decentralization
#CyberKongz #Decentralization #NFT #Blockchain #Crypto #DECENTRALIZED #DigitalArt #Web3 #CommunityDriven
According to Odaily, the NFT project CyberKongz has announced that its second rune project, DECENTRALIZED, will fully embrace decentralization as the best path forward. The team behind DECENTRALIZED believes that decentralization should symbolize the source and cultural value of the project, rather than being built upon or influenced by a centralized entity.
The team has already invested over $1 million into the project without seeking any returns. This move underscores their commitment to maintaining the project's decentralized nature and ensuring that it remains free from centralized control or interference.#CyberKongz #Decentralization #NFT #Blockchain #Crypto #DECENTRALIZED #DigitalArt #Web3 #CommunityDriven
🚀 Grayscale Holdings Fall Below $20 Billion
#Grayscale #Holdings #Bitcoin #Ethereum #Cryptocurrency #MarketCap #Arkham #Finance
According to BlockBeats, as of September 7, Arkham's monitoring data reveals that Grayscale's total holdings have dropped below $20 billion, reaching $18,812,280,846.26. The primary assets held by Grayscale include:
- 259,741 BTC, approximately valued at $13.96 billion;
- 2,176,000 ETH, approximately valued at $4.84 billion;
- 56,258.8 LPT, approximately valued at $6.06 million;
- 123,867 AVAX, approximately valued at $2.61 million;
- 262,965 UNI, approximately valued at $1.61 million.#Grayscale #Holdings #Bitcoin #Ethereum #Cryptocurrency #MarketCap #Arkham #Finance
🚀 BlackRock's Bitcoin Holdings See Minor Reduction Amid High Trading Volume
#BlackRock #Bitcoin #IBIT #TradingVolume #BTC #DebtRepayment
According to Odaily, data from Trader T indicates that BlackRock's IBIT experienced no net inflow or outflow yesterday, with a trading volume reaching $1.3 billion. The number of managed BTC decreased by 73 units today, used for debt repayment, leaving the current holdings at 357,436 BTC.#BlackRock #Bitcoin #IBIT #TradingVolume #BTC #DebtRepayment
🚀 WUKONG Meme Coin Surges Over 9500% Following Elon Musk's AI Image Release
#wukong #memecoin #ElonMusk #AI #cryptocurrency #volatility #investment
According to BlockBeats, on September 7, market data revealed a significant surge in the price of the Ethereum-based meme coin WUKONG. The coin's value skyrocketed by over 9500% within four hours, reaching a current price of $0.0026608. This dramatic increase is believed to be influenced by Elon Musk's release of an AI-generated facial portrait related to the game 'Black Myth: Wukong.' The market capitalization of WUKONG now stands at $2.7 million, with a 24-hour trading volume of $4 million.
WUKONG initially launched on August 27, briefly hitting a high of $0.000825 before experiencing a sharp decline, nearly reaching zero in value for an extended period. The recent surge marks a significant turnaround for the meme coin, which had previously shown little to no value.
BlockBeats notes that meme coins are highly volatile and generally lack intrinsic value, urging users to exercise caution when participating in such investments.#wukong #memecoin #ElonMusk #AI #cryptocurrency #volatility #investment
🚀 Pudgy Penguins Introduces 1,000-Day Soulbound Token
#PudgyPenguins #NFT #SoulboundToken #PengusClub #Cryptocurrency #Discord
According to Foresight News, the NFT project Pudgy Penguins has announced the launch of the 1,000-Day Pengus Club Soulbound Token. This new token is designed for users who have held a Pudgy Penguin NFT for over 1,000 days. If users meet this criterion but have not yet received the Pengus Club Soulbound Token, they can verify their eligibility and fill out a form on Discord.#PudgyPenguins #NFT #SoulboundToken #PengusClub #Cryptocurrency #Discord
🚀 Aligned Layer Announces Upcoming Mainnet Launch Of Fast Mode
#AlignedLayer #MainnetLaunch #FastMode #ZeroKnowledgeProof #Throughput #LowLatency #LowCostVerification #Blockchain #Decentralization
According to Odaily, the decentralized zero-knowledge proof verification layer Aligned Layer has announced on X that its first product, Fast Mode, is set to launch on the mainnet soon. The testnet has demonstrated that Fast Mode can provide high throughput, low latency, and low-cost verification for multiple proof systems. The code for Fast Mode is currently undergoing an audit, and once feedback from the audit is addressed, it will be ready for release.#AlignedLayer #MainnetLaunch #FastMode #ZeroKnowledgeProof #Throughput #LowLatency #LowCostVerification #Blockchain #Decentralization
🚀 Network3 Launches First Batch Of N3 Edge V1 Mining Machines
#Network3 #N3EdgeV1 #MiningMachines #IoTeX #DePIN #AIInfrastructure #DualMining #IOTX #DeviceVerification #Blockchain #ModularInfrastructure #Web3
According to BlockBeats, on September 7, data from DePINscan revealed that nearly 2,000 units of the first batch of Network3's N3 Edge V1 mining machines are now operational. These machines, part of the IoTeX ecosystem project DePIN & AI infrastructure, have initiated dual mining incentives for N3 and IOTX device verification modules. The current payback period is estimated to be 120 days, ranking among the top three in recorded DePIN projects.
Network3 aims to build a DePIN & AI Layer2 to assist global AI developers in efficiently, conveniently, and economically conducting large-scale inference, training, or model verification. The N3 Edge V1 mining machines, which sold out quickly on their pre-sale day, are the first physical devices to integrate IoTeX's on-chain device identity verification module, ioID. Each device's authenticity and operational status are verified in real-time on the blockchain, and users receive additional IOTX incentives for the device verification module.
As the proposer of modular infrastructure for DePIN, IoTeX has modularized the complex and burdensome real-world and Web3 connection systems, including on-chain device verification, off-chain data computation, privacy communication, and on-chain data storage. This modular construction allows DePIN projects to utilize these modules as needed to improve construction efficiency and reduce costs, paving the way for large-scale DePIN applications.#Network3 #N3EdgeV1 #MiningMachines #IoTeX #DePIN #AIInfrastructure #DualMining #IOTX #DeviceVerification #Blockchain #ModularInfrastructure #Web3
🚀 BNB Surpasses 490 USDT with a Narrowed 3.35% Decrease in 24 Hours
#BNB #USDT #Binance #cryptocurrency #trading #marketdata #decrease
On Sep 07, 2024, 05:07 AM(UTC). According to Binance Market Data, BNB has crossed the 490 USDT benchmark and is now trading at 490.5 USDT, with a narrowed narrowed 3.35% decrease in 24 hours.#BNB #USDT #Binance #cryptocurrency #trading #marketdata #decrease
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🚀 Tether Issues $80 Million USDT and Redeems $15 Million USDT
#Tether #USDT #cryptocurrency #stablecoin #marketliquidity #issuance #redemption #marketdynamics
According to Foresight News, ChainArgos monitoring has revealed that Tether issued $80 million USDT yesterday and redeemed $15 million USDT. This activity highlights the ongoing adjustments in Tether's supply, reflecting the dynamic nature of the stablecoin market. The issuance and redemption of USDT are part of Tether's regular operations to maintain its peg to the US dollar and ensure liquidity in the cryptocurrency market. These transactions are closely watched by market participants as they can influence trading volumes and market sentiment.#Tether #USDT #cryptocurrency #stablecoin #marketliquidity #issuance #redemption #marketdynamics
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🚀 Tether Issues $80 Million USDT and Redeems $15 Million USDT
#Tether #USDT #Cryptocurrency #Blockchain #Finance
According to Odaily, ChainArgos monitoring has revealed that Tether issued $80 million worth of USDT yesterday and redeemed $15 million worth of USDT.#Tether #USDT #Cryptocurrency #Blockchain #Finance
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