Ether
South Korean Funeral Firm Faces $33M Loss on Leveraged Ether ETF
Bumo Sarang, a South Korean funeral company, faces a $33M unrealized loss from a leveraged Ether ETF, exposing risks in its nontraditional asset allocation.
Fidelity Seeks SEC Nod for Staking in Proposed Ether ETF for Enhanced Yields
Fidelity Investments aims to add staking to its Ether ETF, pending SEC approval, potentially offering investors a new revenue stream.
SEC Extends Deliberation on Proposed Rule Change Amidst Heated Debates
The SEC extends its deliberation on a proposed rule change, amid congressional debates over its climate disclosure rule. The decision reflects the complex interplay between financial regulation, environmental concerns, and political ideologies.
FTX Debtors' Filing Sets Controversial Valuations for Cryptocurrency Claims Post-Collapse
TX debtors propose a valuation for user claims based on digital asset prices at the time of the exchange's collapse, sparking objections from users due to the significant rise in cryptocurrency prices since then.
SEC Delays Decision on Ether ETFs to May 2024, Impacting Key Proposals
The SEC has postponed its decision on several Ether ETFs, including Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Futures ETF, affecting the future of Ethereum-based financial products.
Boyaa Interactive Advances into Cryptocurrency with a $100 Million Acquisition Mandate
Boyaa Interactive plans to invest $100 million in cryptocurrencies, focusing on Bitcoin, Ether, and stablecoins, while ensuring secure platforms in the volatile crypto market.
ProShares Unveils World's First Short Ether-Linked ETF
ProShares introduces ProShares Short Ether Strategy ETF (SETH), the world's first short ether-linked ETF, aiming to profit investors during ether price downtrends, reaffirming the firm's innovative approach.
HTX Hacker Returns Stolen Ether, Rewarded with Bounty
The hacker who stole 5,000 Ether from Huobi Global's exchange HTX returned the funds on October 7, following a bounty offer from HTX. The exchange had offered a 5% bounty of the stolen funds if returned by an October 2 deadline. Upon the return of the stolen funds, the hacker was rewarded with a 250 ETH bounty, valued at approximately $410,000. The return of the funds and the bounty payout was publicly acknowledged by HTX adviser Justin Sun.
Friend.tech Users Lose $385K in Ether to SIM-Swap Scammer
A scammer has reportedly stolen approximately $385,000 (234 ETH) within 24 hours by SIM-swapping four Friend.tech users. The incident follows a series of SIM-swap and phishing attacks on the platform, putting its security measures under scrutiny. Blockchain analyst ZachXBT revealed the scam on October 5, 2023, adding to concerns about the vulnerability of Friend.tech's user accounts.
ProShares to Launch First Ether ETF and Blended Crypto Funds
ProShares is set to launch the first-ever ETF focused on ether, along with two blended ETFs that offer exposure to both bitcoin and ether, on October 2, 2023. These new ETFs aim to provide a more accessible and regulated avenue for investors to gain exposure to cryptocurrencies, without the need for a separate crypto custodian or wallet.