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Ethereum ETFs shed $476m in first 30 days, but there is ‘light at the end of the tunnel’

Spot Ethereum ETFs have seen $476 million in outflows since launch.Bloomberg Intelligence ETF analyst Eric Balchunas said he could see "light at the end of the tunnel," meaning the outflows will soon taper off.Spot Ethereum exchange-traded funds had a brutal first month.Unlike the kick-start crypto rally pundits expected, spot Ethereum ETFs lost $476 million in their first 30 days of trading after launching on July 23.However, market observers suggest that the situation is likely to change."Newbies haven't been able to overcome ETHE Unlock, a very powerful force," said Bloomberg Intelligence ETF analyst Eric Balchunas. has been posted In X, denotes

North Korean Hackers Hack Bitcoin, Ethereum ETFs, FBI Warns

North Korean hackers are targeting crypto ETF issuers, according to the FBI. The FBI has "identified a long list of potential targets," a security researcher told News.North Korean hackers have long targeted crypto companies due to the irreversibility of blockchain-based transactions. Because once the crypto is in the hacker's wallet, no bank or government can reverse the illegal transaction on behalf of the victim.Now, there are signs that those hackers are looking at bigger fish.The FBI warned that North Korean hackers had "conducted investigations over the past several months on various targets connected to cryptocurrency exchange-traded funds (ETFs). Latest Public

Defunct crypto hedge fund says ‘no good deed goes unpunished’ after settling SEC lawsuit for $225,000

The SEC has filed a lawsuit against crypto hedge fund Galois Capital, alleging that Galois did not use qualified custodians to protect its investors' assets.The Securities and Exchange Commission has settled a lawsuit with defunct crypto hedge fund Galois Capital.agency Said Today Galois failed to comply with regulatory requirements by placing some of its digital assets on FTX and other crypto exchanges – entities that are not registered as qualified custodians.The SEC alleged that Galois misled some investors about the notice period required to redeem the funds — telling them five days were needed to process the funds — while

TON Ventures launched the accelerator amid the token’s 22% fall and Telegram CEO’s arrest

TON Ventures has announced a new accelerator program. The scheme will invest $2.5 million in five startups building on the TON blockchain. The launch comes after the arrest of Telegram's CEO sent Tokencoin down 22%.TON Ventures has chosen an unusual time to launch its newest $2.5 million accelerator program. Designed to attract developers on the $12 billion ton blockchain originally developed by messaging app Telegram, the cohort will last three months and include five startups. The launch comes as the wider TON ecosystem is mired in turmoil. The arrest of Telegram CEO Pavel Durov in France has seen Toncoin price

Binance CEO shares video of ‘inhumane treatment’ of jailed executive in Nigeria

said Binance CEO Richard Teng, an executive serving a prison sentence in Nigeria. Teng called for the release of Tigran Gambarian. Gambarian has been detained in Nigeria since February 26.Binance CEO Richard Teng on Monday condemned Nigerian authorities in a courthouse after a video surfaced online showing him refusing to help Tigran Gambarian."This inhumane treatment of Tigran must end," Teng wrote that On Tuesday X "He should be allowed to go home for medical treatment and be with his family."This inhumane treatment of Tigran must end. He should be allowed to go home for medical treatment and stay with his

Solana ETFs ‘non-starter’ – despite SOL’s growth

Since the success of spot bitcoin ETFs, some investors are hoping Solana could be next. However, there is no regulated futures market in Solana and there is little investor demand. Here's what investors really want from ETFs.Spot bitcoin and ethereum exchange-traded funds have been a resounding success — and fueled speculation about which cryptocurrency will be packaged and sold as an ETF next.For some, Solana, the world's fifth largest cryptocurrency, is a strong contender for the next ETF product. VanEck and 21Shares have applied for permission to launch such funds.But the Solana ETF is a "non-starter," says Sui Chung, CEO

Polygon’s $3.7bn MATIC token is getting a new name as the strategy changes

A version of this article appeared in Us Decentralization Newsletter on September 03. Sign up Here.GM, Tim Here.Here's what caught my DeFi-eye recently:Polygon's MATIC token is getting a new name. Cardano's Chang hard fork goes live.MakerDAO's Sky rebrand sparks controversy.MATIC migratesPolygon's $3.7 billion token is getting a new name.On Wednesday, MATIC, the native token on Polygon's flagship blockchain of the same name, will switch to POL.🧵 POL Upgrade | Everything you need to know 🧵With MATIC on Ethereum users can upgrade today through the Polygon portal interface: https://t.co/Ibs1ONels1There is no deadline for users to upgrade. All MATICs in Polygon PoS

Why the CEO behind Blockbuster Black Myth: Wukong never invests in Web3 games

Dan Wu says blockchain companies don't make good games. Investors are flocking to Web3 gaming ventures despite the lack of hits. Black Myth: Wukong is so hot right now, you can play it in Chinese nightclubs.Dan Woo doesn't like web3 games.The CEO of Hero Games and an early investor in Game Science — the studio behind the new Web2 blockbuster Black Myth: Wukong — says he's seen many game industry entrepreneurs turn to Web3 since its arrival.But he remains skeptical of web3's value."I would never invest in those people," he said Interview Monday with Chinese angel investment company Zen Fund.“They

How Bitcoin Will Reach ‘My Auntie’ and the Rest of the Retail Army in New Nasdaq Offering

Index provider CF Benchmarks has partnered with exchange giant Nasdaq for spot options. These options complement spot bitcoin ETFs. It is also easy to access for retail investors.Nasdaq's recent application to list and trade bitcoin options is further proof that investors want exposure to cryptocurrency.Retail customers are getting more choice after the successful rollout of crypto spot exchange-traded funds in the US.CF Benchmarks CEO Sui Chung says a wide variety of investors want exposure to bitcoin, from institutions to "your aunt with a Charles Schwab account." News."ETFs have shown that everyone on the investing spectrum is interested."CF Benchmarks is a

Why the Trump-Harris Debate Will Be Crucial for Crypto Prices

Trump and Harris are set to face off on live television on September 10. The debate will change crypto prices if either candidate does well, an analyst said. Industry pundits don't see relations with Harris as crypto-friendly despite promises to reset.A second presidential debate is coming - and it's going to be a big deal for crypto.According to Jake Ostrovskis, OTC trader at crypto market maker Wintermute, writing on August 30 that the event is more important for crypto prices than economic factors such as US jobs reports."Given the diversity of stances among the candidates — particularly regarding crypto —