Fidelity Investments has filed with the SEC to add staking capabilities and quarterly cash distributions to its $898 million Fidelity Ethereum Fund (FETH). If approved, the fund could stake up to 100% of its Ethereum holdings, with 85% of staking rewards going to the fund after expenses, which would then be distributed to investors quarterly. The proposal is pending SEC approval, and staking cannot begin until the filing is declared effective. This move aligns Fidelity with other asset managers adding yield-generating features to Ethereum ETFs, signaling growing regulatory acceptance of staking within existing fund structures.
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...
