The Block
The three spot ether ETFs in Hong Kong posted zero flows on Monday, according to SoSoValue data.As of Monday, the total net assets of the three products amounted to $41.14 million.
Open interest for ether futures on centralized exchanges has reached a new high — hitting $14 billion.The rise in open interest coincides with an 18% increase in the price of ether to $3650 in the last 24 hours.
The SEC asked for minor updates to the 19b-4 forms, according to a source.These are expected to be handed in by 10 AM today, says Bloomberg ETF analyst Eric Balchunas.
Fidelity has removed the possibility of staking rewards from its S-1 registration statement for its prospective Ethereum ETF.This comes as issuers are set to file amended 19b-4 forms.
The treasury of the web3 gaming platform Gala Games appears to have been hacked Monday. Someone minted 5 billion GALA tokens worth over $200 million. GALA fell nearly 15% following the exploit.
Quick Take Brazil’s central bank said Monday that it aims to finalize its plans for a regulatory framework for digital assets. It will develop the framework in stages, likely pushing back the proposed regulation’s rollout.
Quick Take Those filings, called Form 19b-4, are filed to inform the SEC about a proposed rule change and are among the documents that need the agency’s greenlight before spot ethereum ETFs can become effective.
Quick Take Blockless, a DePIN project focused on providing computing power support, announced raising $8 million in two early-stage funding rounds. Blockless plans to launch its testnet in the coming weeks, and mainnet along with the native BLESS token in Q3, co-founder Butian Li told The Block.
Bloomberg ETF analysts view the possibility of the U.S. government approving spot ether ETFs as improving to 75% based on the possibility of shifting political winds.
Quick Take The Sei Foundation has proposed an upgrade to the Sei blockchain, targeting a transition to version 2. This upgrade aims to introduce a high-performance, parallelized Ethereum Virtual Machine.
