News Explorer — Valkyrie Aims to Be First With Ethereum Futures ETF by Amending Existing Bitcoin Futures Fund

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Valkyrie Aims to Be First With Ethereum Futures ETF by Amending Existing Bitcoin Futures Fund

Valkyrie is seeking to amend its existing Bitcoin futures ETF to include Ethereum futures contracts, potentially making it the first ETF with ETH futures. While this approach may give Valkyrie a first-mover advantage, industry watchers are skeptical that the SEC will approve it ahead of other filings. The SEC has the discretion to approve ETFs in any order and may not prioritize Valkyrie’s proposal.

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Aug 7, 2:36 pm

Decrypt

PayPal’s PYUSD Stablecoin Launch Is a Big Deal. Here’s Why

PayPal’s entry into the stablecoin market with the launch of PayPal USD has received mixed reactions. While some see it… Read Summary

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Aug 7, 2:31 pm

Decrypt

Neopets Canceled Its NFT Game Due But CEO Dominic Law Sees Potential for Crypto in the Future

Neopets Metaverse, an NFT-powered game based on the popular 1999 pet simulator, was canceled due to negative market and… Read Summary

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Aug 7, 2:06 pm

Coindesk

Solana-Based DEX Cypher Loses $400K in Crypto in Exploit, Freezes Contracts

Solana-based decentralized exchange Cypher suffered a loss of $400,000 in crypto due to an exploit or security incident…. Read Summary

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Aug 7, 1:56 pm

Blockworks

Valkyrie Aims to Be First With Ethereum Futures ETF by Amending Existing Bitcoin Futures Fund

Valkyrie is seeking to amend its existing Bitcoin futures ETF to include Ethereum futures contracts, potentially making… Read Summary

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Aug 7, 1:47 pm

Decrypt

PayPal Stablecoin Imposter Tokens Using the PYUSD Ticker Are Trading on Uniswap

Imposter tokens using the PYUSD ticker have appeared on Uniswap, taking advantage of the hype around PayPal’s newly anno… Read Summary

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Aug 7, 1:33 pm

Coindesk

Mango Markets Faces Financial Challenges as Stakeholders Reject Funding Request for Legal Expenses

Mango Markets, the blockchain-based trading protocol, is facing financial difficulties as stakeholders struggle to affor… Read Summary

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Aug 7, 1:06 pm

Reuters

FTX Law Firm Fenwick Faces a Second Lawsuit From Disgruntled Exchange Customers

Law firm Fenwick West is facing a second lawsuit by FTX customers, who allege that the firm aided fraud through its lega… Read Summary

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Aug 7, 11:14 am

Blockworks

Coinbase’s Base Attracts Degen Crypto Users Who Have Bridged $124 Million Already

The crypto degen crowd has flocked to Coinbase’s layer2 network, Base, with a significant volume of activity coming from… Read Summary

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Aug 7, 10:30 am

Blockworks

Senator Elizabeth Warren Has Bipartisan Opposition to Her Crypto Anti-money Laundering Bill

Senators Elizabeth Warren and Roger Marshall have reintroduced their crypto anti-money laundering bill, the Digital Asse… Read Summary

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Aug 7, 10:39 am

Coindesk

ChatBTC Promises Reliable and Accurate Information About Bitcoin After Training With Vetted Sources

Chaincode Labs has released a new AI tool called ChatBTC, which aims to provide reliable and accurate information about… Read Summary

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Aug 7, 10:14 am

Decrypt

Reddit Moons and Bricks Soar After Kraken Listing

The native currencies for Reddit communities, MOON and BRICK, experienced significant increases in value after being lis… Read Summary

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Aug 7, 9:38 am

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Curve Hacker Returns $50 Million In Stolen Funds but Still Target of Bounty

The hacker who stole millions from DeFi lending protocol Curve has returned a portion of the stolen funds after being of… Read Summary

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Aug 7, 8:26 am

The Block

Tether CTO Says USDT Will Not Be Affected by PayPal PYUSD Stablecoin Launch

Tether’s CTO, Paolo Ardoino, stated that the launch of PayPal’s stablecoin, PYUSD, in the U.S. will not impact Tether’s… Read Summary

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Aug 7, 8:21 am

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US Congressman Pitches Federal Stablecoin Regulation After PayPal Announcement

House Financial Services Committee Chair Patrick T. McHenry emphasized the importance of passing legislation to regulate… Read Summary

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