Fidelity’s Ethereum ETF to Offer Staking and Quarterly Cash Payouts: Report
The move will follow BlackRock's debut of ETHB.
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Fidelity plans Ethereum staking for $898M FETH fund
Fidelity has moved to add Ethereum staking and quarterly cash distributions to its $898 million Fidelity Ethereum Fund, with the trust allowed to stake as much as 100% of its ETH under normal conditions. The U.S. Securities and Exchange Commission…
Ripple Ex-CTO Says Cheating Turns Bitcoin Miners’ ASICs Into Space Heaters
Ripple ex-CTO David Schwartz says Bitcoin miners who double spend risk a fork that turns ASICs into space heaters.
Bitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoins
Markets are quiet ahead of the July inflation print, with bitcoin little changed, oil near $90 and Harmony nursing a fresh exploit.
Binance, RedotPay clash over fate of Singapore lawsuit
Amid a $473 million legal dispute, RedotPay says it expects Binance to end its Singapore case, while Binance says its claims remain active.
Bank of England to test stablecoin, digital currency use in cross-border finance
The BOE-led Digital Pound Lab will test trade-finance interoperability, in which exporters receive stablecoins while importers settle in a potential digital pound.
Markets Brace for July CPI Report With Core Inflation in Focus
The US Bureau of Labor Statistics (BLS) will publish the July Consumer Price Index (CPI) data on Wednesday. The report is expected to show a small decline in consumer inflation and core inflation. The monthly CPI is forecast to rise…
Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low
Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue.
Bitcoin developers could fall behind attackers without top AI models, BPI says
A group of crypto companies and industry organizations has called on frontier AI labs to give Bitcoin and other open-source financial infrastructure developers trusted access to their most capable models as AI-assisted cyber threats become more advanced. The Bitcoin Policy…
A Crypto Twitter Post Just Spawned a 10,000% Meme Coin Rally
A meme coin called PLUMBER has surged more than 10,000% since its launch, riding a viral Crypto Twitter argument over whether early crypto traders once beat weaker rivals. The token’s market capitalization climbed from below $1 million to above $5…
Twenty One’s $2.8 billion Bitcoin pile is worth far more than its stock, but there’s a catch
$486.5 million of converts lock up 16,116 BTC while the new CEO pursues operating and credit businesses.
If the CLARITY Act dies: the three Democrats who could bury crypto legislation for a generation
Kalshi puts the Democratic House majority at 84%. Maxine Waters, Shontel Brown, and Elizabeth Warren would control the committees that write crypto law. The industry’s legislative window may be closing faster than its lobbyists admit. The crypto industry spent the…