1inch Investment Fund Acquires $10M Worth of Ethereum
The wallet holds a significant amount of ETH alongside other cryptocurrencies worth around $80 million in its portfolio.
Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
The wallet holds a significant amount of ETH alongside other cryptocurrencies worth around $80 million in its portfolio.
Both companies are also planning to launch three types of Bitcoin Futures ETFs.
Although the application of the Howey test to staking Ethereum and many other cryptocurrencies can be complex and subject to different legal interpretations, the SEC insists that staking qualifies as an investment contract under the Howey test.
Recent data have left analysts optimistic about what the future holds for Bitcoin and the largest altcoin Ether (ETH).
While the BTC and Ether prices try to stabilize, altcoins like XRP, Cardano, Solana, and Polygon continue to extend losses further.
Along with investing in Ether Futures, the Valkyrie Ethereum Strategy ETF will invest in other instruments like cash, cash-like instruments, or high-quality securities.
Trump’s aversion to crypto is directly opposed to the position of the rest of his party.
Visa’s solution revolves around Ethereum’s ERC-4337 account abstraction standard and the utilization of a “paymaster” smart contract feature which allows off-chain settlements of gas fees.
The exchange’s USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1.
The rush to launch Ethereum spot ETFs has sparked interest in the crypto community.
Ethereum has achieved a significant feat of $400 billion in secured value, generating annualized profits of $3.6 billion and a total of 17.8 million blocks of digital assets.
Hayes says ETH will skyrocket sometime in the next few years as the AI revolution strengthens and DAOs begin to form.
The funding comes at a time when investment in the crypto ecosystem is becoming scarce.
This license will allow FORGE to serve institutional clients’ needs for digital assets. The banking institution is the first to secure a license under France’s new crypto rules.
Despite the general market sentiments, ETH has gained over 50% since the start of the year.