Weekly Cryptocurrency Update: BlackRock and Fidelity Seek Approval for Ethereum ETFs in Latest News

Weekly Cryptocurrency Update: BlackRock and Fidelity Seek Approval for Ethereum ETFs in Latest News


Tether (USDT), the issuer of the largest stablecoin in the world, is planning to cause a whole lot of investment of $500 Million into Bitcoin (BTC) mining.

The cryptocurrency markets started strong on Tuesday but have remained subdued due to the pending release of United States CPI data.

Robert Kiyosaki, renowned author and financial expert, recommends investing in Bitcoin, gold, and silver to protect yourself against the intentions of governments.


BlackRock, the world’s largest asset manager, has filed an app  for a spot Ethereum (ETH) exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC) in the United States.

Fidelity, another prominent asset manager, has followed suit and filed for a spot Ethereum (ETH) ETF with the SEC.


The dYdX Chain, a stand-alone Layer 1 blockchain based on Cosmos, has transitioned to its beta mainnet stage, marking a whole lot of development in decentralized derivatives trading.

Requirements for Reporting Overseas Cryptocurrency Assets by the Spanish Tax Authority

Aave, a decentralized lending protocol, has resumed its operations after addressing security vulnerabilities earlier in the month.


A report by ZeroHash implies that new cryptocurrency adoption is being driven by a renewed trust in the sector.

OKX, a digital currency exchange, has announced the launch of its own zkEVM Layer-2 testnet in collaboration with Polygon Labs.


CoinShares, Europe’s leading digital asset investor, has secured the buying rights for the exchange-traded fund (ETF) of its United States counterpart, Valkyrie Investments.

South Korea’s National Pension Service (NPS) has recorded whole lot of profits from its $20 Million investment in Coinbase shares.

Ankr, a Web 3.0 infrastructure development firm, has introduced Rollup as a service in partnership with Optimism, intended to simplify the deployment of OP Chains for developers and enterprises on the Superchain.

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Marathon Digital Holdings has revealed new specific strategies ahead of the Bitcoin (BTC) Halving event expected next year in its recent quarterly earnings report.

Cardano (ADA) founder Charles Hoskinson has suggested a probable collaboration with digital currency exchange Kraken on Layer-2 plans.

Bithumb, a major South Korean digital currency exchange, is reportedly preparing for a public listing on KOSDAQ.


The developer behind the Mutant Ape Planet NFT collection pleaded guilty to defrauding buyers in a $3 Million rug pull.


Solana (SOL) Labs has dismissed a security firm’s states about probable vulnerabilities in its Saga phone.

Regardless of taking precautions, the DeFi protocol Raft was exploited, resulting in a loss of $6.7 Million worth of funds.

The On-Chain Surge of Dogecoin: DOGE Held by Over 5 Million Addresses

Binance may have lost $27 Million in stablecoins to a hack, according to sources.

SlowMist, a blockchain security firm, has reported a case in which a user lost their cryptocurrency after using a fake version of our  trending application Skype.


Montenegro court rejected an appeal from Terraform Labs’ ex-CEO to overturn a passport fraud conviction.

SEC Chairman Gary Gensler emphasized that the SEC won’t be unfairly prosecute honest enterprises or prejudge them.

Commerzbank became the first full-service bank in Germany to be assigned a cryptocurrency custody license.

The SEC has delayed its decision on the Hashdex spot Bitcoin (BTC) ETF app  and Grayscale’s Ether futures filing.

Opyn’s co-founders have resigned following regulatory developments influenced by actions from the Commodity Futures Trading Commission (CFTC).

Hot Take: Riding the Cryptocurrency Wave

The digital currency landscape is continuously evolving, with new developments in Bitcoin, Ethereum (ETH), DeFi, and NFTs. The industry is not without its challenges, as witnessed in recent security breaches and regulatory hurdles. Nonetheless, the sector’s players remain resilient and committed to driving its growth. As you continue to navigate the cryptocurrency realm, stay notified about the latest trends, security measures, and regulatory updates, to take advantage of this transformative wave in the digital asset space.

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Author – Contributor at | Website

Cyrus Dailey stands as a luminary gracefully weaving the roles of crypto analyst, tenacious researcher, and editorial artisan into a captivating narrative of insight. Amidst the intricate world of digital currencies, Cyrus’s perspectives resonate like finely tuned melodies, captivating curious minds from a myriad of perspectives. Her ability to decipher complex threads of crypto intricacies melds seamlessly with her editorial finesse, transforming intricacy into a harmonious composition of understanding.

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