Directory:BlackRock Layout Ethereum ETFMulti currency explosion, Ethereum strives for steady progressTether issues 1 billion additional USDTs on the Ethereum networkBlackRock Layout Ethereum ETFOn November 9th, BlackRock iShares Ethereum Trust successfully registered in Delaware, marking BlackRock's first step towards applying for Ethereum spot ETFs. The recent rapid development of the Bitcoin ecosystem is mainly due to the expected realization of the upcoming approval of Bitcoin spot ETFs in the United States
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BlackRock Layout Ethereum ETF
Multi currency explosion, Ethereum strives for steady progress
Tether issues 1 billion additional USDTs on the Ethereum network
BlackRock Layout Ethereum ETF
On November 9th, BlackRock iShares Ethereum Trust successfully registered in Delaware, marking BlackRock's first step towards applying for Ethereum spot ETFs. The recent rapid development of the Bitcoin ecosystem is mainly due to the expected realization of the upcoming approval of Bitcoin spot ETFs in the United States.
And now BlackRock has taken this important step to revitalize the Ethereum ecosystem.
On the one hand, Nasdaq submitted the spot Ethereum ETF application to the SEC, which will use Coinbase Trust Company as the custodian and CMECFEther Dollar reference rate. On the other hand, Ethereum also exceeded $2100, with a 24 hour increase of 10.58% as of the writing quotation of $2120.82.
Currently, other asset management companies such as Grayscale, ArkInvest, ProShares, and Valkyrie have submitted Ethereum spot ETF applications. The US SEC has acknowledged the filing of grayscale spot Ethereum ETFs on October 24th, which means that ETHE will be converted into ETFs.
Multi currency explosion, Ethereum strives for steady progress
At the same time, Ethereum rose, and several previously leading currencies fell by over 10% overnight. JustinSun's post on social media soliciting opinions from social media users on the "Inscription on Wave Field Network" has once again caused turmoil in the Bitcoin ecosystem.
After breaking the $37000 mark, Bitcoin experienced a pullback and fell below $36000. Although there has been an upward trend since then, the ETH/BTC exchange rate has gradually increased, rising to 0.05778 as of the time of writing, with a 24-hour increase of 9.43%.
According to BlockBeats statistics, in the past 24 hours, the total net exposure has increased to $491 million, with multiple exposure of $219 million and short exposure of $273 million, with ETH being less affected by the exposure.
In addition, Badger, which focuses on introducing Bitcoin into Ethereum, saw a 24-hour increase of 90.6%.
In addition to currency prices, Ethereum ecological projects have also become active.
The trading volume of Ethereum NFT has exceeded 10000 ETHs, reaching a new high in nearly three months. Cosmos Ecological EVM Compatibility Chain Evmos plans to stop supporting Cosmos transactions and instead focus on Ethereum based transactions. Its core network will only support Ethereum based wallets and tools, rather than designing wallets and tools for Cosmos.
In terms of financing, on November 8th, Ethereum's expansion startup StackrLabs announced the completion of a $5.5 million seed round financing, with Archetype leading the investment and a16zCryptoStartupSchool, Lemniscap, ScalarCapital and others participating.
On November 9th, the NEAR Foundation announced the launch of a new project called "NEARDA", which aims to provide an alternative venue for Ethereum and its L2 network to handle rapidly growing data volumes. On the same day, LaserDigital, a digital asset subsidiary of Nomura Securities, announced the launch of the Ethereum Adoption Fund for institutional investors, which will invest in Ethereum spot long positions and plan to generate returns by pledging Ethereum.
Tether issues 1 billion additional USDTs on the Ethereum network
The success and registration of the BlackRock Ethereum Trust, as well as the active Ethereum ecosystem, made Tether unable to help but intervene.
According to BlockBeats, on November 10th, according to WhaleAlert monitoring, stable currency issuer Tether issued an additional 1 billion USDTs on the Ethereum network 5 hours ago.
Tether Chief Technology Officer Paolo Ardoino added that this is an authorized but unissued transaction, meaning that this additional issuance will be used for the next issuance request and inventory exchange in the chain.
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