Fidelity is enhancing its Fidelity Ethereum Fund (FETH), which holds $898 million in assets, by adding ether staking and quarterly cash distributions. The fund will keep 85% of the staking rewards, with 15% going to service providers like Blockdaemon, Figment, and Galaxy. This move follows IRS guidance allowing crypto trusts to stake without losing tax status and aligns Fidelity with peers like Grayscale and 21Shares, while BlackRock offers a separate staking product. Net rewards will cover expenses first, then be distributed quarterly to investors, with some ETH held for liquidity and redemptions.
Ripple has introduced a four-phase strategy to secure the XRP Ledger against quantum computing risks, aiming for full quantum resistance by 2028. This move follows Google's research showing that 500,000 qubits could break current blockchain cryptogra...
Ethereum's price fell 3.6% to around $2,420 following a strong rally in August, driven by profit-taking as prices surpassed the average acquisition cost of $2,306. Despite the dip, U.S. spot Ethereum ETFs attracted $234.51 million in inflows on Augus...
G Mining Ventures Corp. is rated a long-term value Buy due to its strong operational cash flow from the Tocantinzinho mine and credible expansion plans, including the Oko Gold project which is 28% complete and fully permitted. Oko Gold is expected to...
Hyperliquid leads the perpetual DEX market with a notional volume of $249.2 billion, more than double its closest competitor. Nasdaq-listed Hyperliquid Strategies has heavily invested in HYPE tokens, holding $1.9 billion worth and staking many for yi...
Bitcoin fell sharply to $78,442 following Federal Reserve Chair Kevin Warsh's cautious comments at the Jackson Hole Economic Symposium, where he downplayed recent inflation improvements and signaled a likely September rate hike. This hawkish tone inc...
