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Investment firm VanEck announced Friday that it will close and liquidate its Ethereum futures ETF (EFUT), a decision that comes against a backdrop of significant outflows from spot Ethereum ETFs just weeks after they began trading in the United States. This move reflects broader challenges facing the Ethereum ETF market, which has collectively seen a cumulative net outflow of $562.3 million, according to data from SoSo Value. There’s been only one day of positive flows since September 15, with o...

Former Ripple Labs CEO Chris Larsen has formally backed Kamala Harris ahead of the 2024 presidential race, as part of a coalition of business executives endorsing the vice president. The co-founder joined 88 other executives, including 21st Century Fox CEO James Murdoch and Snap chairman Michael Lynton, in the joint letter, reported by CNBC. Larsen co-founded Ripple in 2012 under the name OpenCoin, and stepped down as Ripple CEO in December 2016, retaining the role of executive chairman. He was...

Spot Ethereum ETFs have gotten off to a rocky start, but drawing direct comparisons to Bitcoin’s much-hyped Wall Street debut isn’t all helpful, according to JP Morgan analysts. After launching July 23, nine investment vehicles for crypto’s second largest coin weathered $476 million in cumulative net outflows through August. Meanwhile, the asset’s price dropped 30% from around $3,400 to $2,400, crashing to its lowest price since February. Compared to January’s launch of spot Bitcoin ETFs, the di...

Roaring Kitty is back after a two-month Twitter hiatus, with the meme stock influencer’s return causing the price GameStop (GME) to spike in value. But the post from the notorious meme stock influencer implies that he’s no longer interested in pet supplies retailer Chewy, causing its price to briefly plunge as a result. After two months of silence, Roaring Kitty—aka Keith Gill—has returned with a meme referencing Pixar’s “Toy Story 2,” when the character Andy drops his toy cowboy Woody, saying “...

Arbitrum Foundation brought Web3 gaming to this year’s WebX in Tokyo, Asia’s leading Web3 conference, with a programme including panel discussions, playable demos and evening soirées. On the show floor, hundreds of attendees stopped by the Arbitrum Foundation and ApeChain booth for the opportunity to get hands-on with playable key titles including onchain RPG Tarochi, memecoin racing title Kitty Kart Racing, and GameFi battler Gensokishi. Image: Arbitrum Also showcased were titles such as Aavego...

Bitcoin's price nosedived to below $54,000 per coin Friday after U.S. jobs data showed that hiring fell short of forecasts.  The largest digital asset by market cap is now trading hands for $53,829, CoinGecko shows, marking Bitcoin's lowest price recorded since August 5. It's down by almost 5% over the past 24 hours now, pushing its weekly dip to 8%. Markets reacted to data from the Labor Department showing that the economy added 142,000 jobs—lower than the expected mark of 160,000. While the un...

Telegram-based tap-to-earn game Rocky Rabbit has launched pre-market trading for its upcoming RabBitcoin (RBTC) token through crypto exchange Bitget. This comes ahead of the token launch on The Open Network (TON) on September 23, with an airdrop likely to follow soon after. At the time of writing, Bitget traders have valued RBTC at $0.000005, although the token peaked at a value of $1. Bitget will also list the token for spot trading once it launches later this month. Pre-market trading lets cry...

When NFT marketplace OpenSea announced last week that it anticipates a lawsuit from the U.S. Securities and Exchange Commission (SEC), bells of panic rang far and wide through the cryptosphere. The U.S. government was opening up a major new front in its war on crypto: It was finally coming for the heart of the NFT market.  But what does the development actually mean? Is every major NFT project now about to be labeled an illegal, unregistered security as some fear? Or might only particularly cash...

Former Binance CEO Changpeng Zhao has a lifetime ban from “managing or operating” the centralized crypto exchange, according to current CEO Richard Teng. Teng revealed that Zhao would be barred from managing the platform for life in an interview with Axios, which revealed that it was a "key condition" of the plea agreement between Binance and U.S. authorities. This comes after reports initially suggested Zhao would only be banned for a number of years. “Under the terms of the agreement, CZ is p...

The organization that supports The Open Network, Telegram’s blockchain of choice, announced on Friday that it has contributed another $24 million worth of Toncoin (TON) to its DeFi incentive program, bringing the program’s total value to over $75 million to date. The TON Foundation originally created the program in April to encourage users to engage with decentralized finance (DeFi) applications on TON—a network that has become prominently known for popular crypto-backed games on Telegram and co...