Tag: Ethereum
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Justin Sun Transfered $244.9 Million in Ethereum to HTX on Christmas Eve
Justin Sun, the founder of Tron, moved 70,182 Ethereum (ETH) worth $244.9 million to HTX (formerly Huobi) on Christmas Eve. The transaction, highlighted by Spot On Chain, included 42,905 ETH unstaked from Lido Finance, a decentralized liquid staking platform. An additional 27,277 ETH came from Etherfi, bringing his total deposits to HTX in late December…
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Deutsche Bank To Develop Eth Based L2 : Report
Deutsche Bank is building a Layer 2 solution under Project Dama 2 to address regulatory concerns around public blockchain adoption. The initiative is part of the bank’s broader strategy to make public blockchains viable for institutional use. This according to a report on Bloomberg. Project Dama 2: A Solution for Public Blockchain Risks The German…
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Vitalik Buterin Advocates for Enhanced Wallet Privacy and Security
Vitalik Buterin, Ethereum’s co-founder, has urged developers to focus on improving wallet privacy and security in a recent 4,000-word blog post. Published on Tuesday, the blog highlights the crucial role wallets play as the primary interface between users and the Ethereum blockchain. “A user only benefits from any decentralization, censorship resistance, security, privacy, or other…
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Velvet Capital Launches Intent Operating System on Ethereum Mainnet
Velvet Capital has introduced its Intent Operating System on Ethereum Mainnet, streamlining on-chain portfolio management and social trading. The platform combines advanced trade execution with a social layer, making DeFi management more accessible and efficient for users. Primary Use Cases: Why Ethereum Mainnet? According to them, Velvet Capital chose Ethereum Mainnet for its dominance in…
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Bitwise Proposes Bitcoin-Ethereum Spot ETF to SEC
Bitwise Asset Management has submitted a proposal for a Bitcoin-Ethereum combined spot ETF to the SEC. This move follows Bitwise’s success with its Bitcoin spot ETF earlier this year and its recent launch of Bitcoin ETF options. The new proposal aims to balance exposure between Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.…
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VLayer Raises $10M in Pre-Seed Funding to Advance Smart Contract Technology
VLayer, a blockchain infrastructure startup, has announced a $10 million pre-seed funding round. This funding was led by major venture capital firms, including a16z crypto, Credo Ventures, and Blocktower VC. Key supporters also include tech builders from Aztec Protocol, World, and Eleven Labs. The funds are to support VLayer’s mission to transform decentralized applications through…
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Morph L2 launches mainnet on Ethereum
Morph Labs has officially launched its mainnet, an event the team described as significant milestone aimed at making blockchain technology more accessible to the everyday user. This move brings Morph closer to its vision of a single, user-friendly hub where developers can create consumer applications that appeal to a broad audience. As the platform transitions…
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Ethervista launches Etherfun – pumpfun on Ethereum
Ethervista has officially announced the launch of Etherfun, a platform they have designed to revolutionize memecoin trading on Ethereum. Building on the foundation of Pump.fun, Etherfun integrates Ethervista’s innovations to create a seamless experience for both creators and traders, addressing Ethereum’s high gas costs. Key Highlights: According to their documentation: Etherfun is designed to eliminate…
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US Spot Bitcoin ETFs see biggest day since June
On October 14, spot Bitcoin exchange-traded funds (ETFs) in the United States recorded their largest inflow in over four months, signaling growing investor enthusiasm as Bitcoin’s market rebound gains momentum. Data from SoSoValue shows that net inflows across 12 Bitcoin ETFs totaled $555.86 million, doubling the $253.54 million recorded the previous day. This increase coincided…
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Australia’s first Ethereum ETF to launch on 15th Oct 2024
Australia is set to launch its first spot Ethereum exchange-traded fund (ETF) through Monochrome Asset Management, following the successful debut of the country’s spot Bitcoin ETF in August. The Monochrome Ethereum ETF (IETH) will start trading at 10:00 AM AEDT on Tuesday, with the goal of capitalizing on growing interest in crypto ETFs worldwide. Although…