The Block
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.
Quick Take Uniswap Labs and Across Protocol introduced a new Ethereum token standard called ERC-7683. ERC-7683 aims to create a universal filler network for all cross-chain intents to follow in their order structure, tackling relayer fragmentation. This would result in lower costs for fillers, a broader filler network for apps to use and lower costs passed onto users.
Quick Take Craig Wright lied “extensively and repeatedly,” in addition to presenting “fabricated” evidence of his claims to Bitcoin creator Satoshi Nakamoto’s name and inventions, a UK Judge said Monday in a written judgment. UK prosecutors could bring perjury charges against Wright.
Quick Take Stellar Development Foundation CEO Denelle Dixon discusses the crypto industry’s progress toward creating more equitable access to the global financial system.
Ether price volatility is expected to increase in the lead-up to this week’s spot ETF decision deadlines, with VanEck’s on Thursday and Ark Invest/21Shares’ on Friday.
Controversial digital asset firm Prometheum has soft-launched ether custody services with a small group of companies.Prometheum plans to fully launch custody services by the first week of June.
Grayscale CEO Michael Sonnenshein is stepping down as CEO to “pursue other interests,” the firm said.Though the exact reasons for his departure remain unclear, the firm’s spot bitcoin ETF GBTC has seen swathes of investors exit despite inflows increasing.Former Goldman Sachs exec Peter Mintzberg will join as Grayscale’s CEO on Aug. 15, 2024.
