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Ether ETF Volumes Top $1B on Day One


Investors traded over $1 billion worth of shares - or ether {{ETH}} - of the freshly launched ether exchange-traded fund (ETF) issuers on the first day of trading, data from Bloomberg shows

Are Physical Games Dead? It’s More Complicated Than You Might Think


In 2007, console gaming got its first day-and-date digital release. The sci-fi war shooter Warhawk for the PlayStation 3 was sold as a Blu-ray disc in stores but was also available to buy digitally on PSN. The game is mostly forgotten now, but it was the first domino to fall in digital’s slow...

Ethereum Market Stagnation Marks Tepid Trading Day Despite ETF Launch


Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon....

Bitwise Reveals ENS Subnames for Ethereum ETF Reserve Wallets


On Tuesday, Bitwise Investments disclosed a collection of Ethereum Name Service (ENS) subnames for its ethereum reserve holding wallets. Bitwise emphasized that this level of transparency is unique to cryptocurrency, allowing the public to easily verify the firm’s net assets. Bitwise Leads...

Spot Ethereum ETF Go Live- Here’s What You Should Know


Since the SEC approved Spot Ethereum ETFs, the buzz among the community helped ETH rally. Last week, Bloomberg’s Eric Balchunas predicted that Ethereum ETFs would begin trading on July 23, 2024. Today, that has become a reality. The launch marks the second crypto-based ETF in the United States...

India Maintains Crypto Tax Regulations in 2024/25 Budget


Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India....

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