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Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy
Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy

The updated filing also introduces the possibility of ETH staking.

Crypto Slate·2024/02/07 21:37
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE

The partnership aims broaden ADGM's blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and projects.

Crypto Slate·2024/02/07 21:37
ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing
ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing

Quick Take The process of creating and redeeming shares in exchange traded funds had earlier been at the forefront of meetings between the Securities and Exchange Commission and issuers looking to launch spot bitcoin ETFs.

The Block·2024/02/07 20:40
BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There’s a Catch
BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There’s a Catch

BlockFi asserted that Three Arrows Capital owed them $129 million, while the latter countered with an even bigger claim.

Cryptopotato·2024/02/07 20:10
Cross-chain protocol Wormhole announces airdrop and 4-year tokenomics plan
Cross-chain protocol Wormhole announces airdrop and 4-year tokenomics plan

Quick Take The cross-chain protocol Wormhole announced an airdrop for its W token. The protocol noted that 82% of the tokens will be initially locked and then disperse over a span of four years.

The Block·2024/02/07 18:36
Ether options open interest indicates bullish sentiment about potential May spot ETH ETF approval, analyst says
Ether options open interest indicates bullish sentiment about potential May spot ETH ETF approval, analyst says

Open interest in ether options suggests bullish anticipation regarding the potential approval of a spot ETH ETF in May, an analyst said.Ether’s price increased by over 2% on Wednesday, changing hands for $2,395, according to The Block’s Price Page.

The Block·2024/02/07 18:04
Flash
15:41
White-Haired Stock God: Technical Analysis is the Trader's Astrology, Stock Price Does Not Rise Due to "Golden Waterfall Candle" Pattern
BlockBeats News, June 14th, "White-Haired Stock God" Serenity responded firmly when asked about using technical analysis, stating: My opinion may disappoint many people. Technical Analysis (TA) is the astrology of traders, mainly used to confirm deviations and to exploit trader psychology to find entry points. It can help you understand what other retail investors and traders are thinking and believing at the moment, but it cannot reliably predict a stock's true upside potential. Serenity gave examples, stating that the previous surge in SPCE was not because of a "Space Comet Rocket Candle" appearing on the chart, but because the market was pricing in the future revenue of companies like JBL and AMD; similarly, AXTI's 8000% spike was not due to a "Golden Waterfall Candle Signal," but driven by fundamental factors such as indium phosphide substrates, export controls, and photonics demand. Serenity emphasized that the correct research approach should focus on thematic correlations (such as the relationship between LITE and AAOI), news catalysts, forward-looking revenue projections, macro events, financial reports, float dynamics, and game theory. Through these, a reasonable market value for a company can be derived. Technical analysis is only suitable for assisting in finding entry points and risk management. It should never be used to determine where a stock will ultimately go. Using IREN as an example, Serenity pointed out that many people drew chart patterns indicating a price of over $120, but in reality, the company needs to absorb a $6 billion ATM offering first. These technical chart patterns are essentially useless. Fundamentals, catalysts, and thematic research determine the direction. Relying solely on technical analysis can easily lead to a crash in current sectors such as AI and semiconductors.
14:28
The USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.
BlockBeats News, June 14th, according to Whale monitoring, the USDC Treasury minted an additional 250 million USDC on the Solana blockchain 2 minutes ago.
13:38
A Whale Liquidated a $39.03 Million ETH Short Position, Holding It for Only 18 Hours
BlockBeats News, June 14th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale shorted $39.03 million worth of ETH, closed the position for a profit after only 18 hours, and made $184,000. Address 0xa2e…f1468 has closed a short position of 23,200 ETH, with an opening price of $1680.8 and a closing price of $1672.9.
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