Digital currency asset manager Grayscale Investments today announced that Grayscale Ethereum Trust has become an SEC reporting company.
This means that the Trust and its shares are now registered under the Securities Exchange Act. This follows Grayscale Investments’ filing of the Registration Statement on Form 10 on October 2, 2020.
It is the second digital currency investment vehicle to become an SEC reporting company, after the Grayscale Bitcoin Trust became listed on January 21, 2020. The Grayscale Bitcoin Trust allows investors to gain Bitcoin exposure.
Decentralized lending and borrowing protocol Aave today announced a $25 million investment from Blockchain Capital, Standard Crypto, and Blockchain.com ventures, among others.
“Aave raised funds from strategic investors to bring DeFi closer to institutional use and to expand the team size to serve the growth in Asian markets,” CEO Stani Kulechov said, adding that the new stakeholders will participate in the protocol’s governance and staking.
Aave allows depositors to earn interest by providing...
Now, Grayscale has targeted the second largest cryptocurrency by market cap.
The Grayscale Ethereum Trust is solely invested in Ethereum, with shares designed to provide investors with a cost-effective way of gaining Ethereum exposure. Now, as a result of the registration, investors who own or purchase Trust shares have an earlier liquidity opportunity. The holding period of shares purchased through private placement is reduced from 12 to 6 months under the Securities Act.
The official Donald Trump meme coin project will not launch its planned Trump-branded crypto wallet, according to President Trump's son, Eric Trump. The move comes following a dust-up with the president's sons, who plan to launch a wallet through their own World Liberty Financial project, which is also backed by President Trump.
"I am proud to announce the TRUMP meme coin has aligned with [World Liberty Financial]," Eric Trump wrote on X on Friday. "Although their meme wallet isn’t moving forwar...
X has unveiled a real-time tool that dissects market-moving news in partnership with Polymarket, a crypto-native prediction markets platform, the companies said Friday in a joint statement.
Launched on Friday, the tool will offer live insights into events that influence markets, combining data from X and predictions from Polymarket. In addition, the product will leverage xAI’s chatbot Grok and relevant X posts to provide real-time explanations of market moves.
Combining those various technolo...
Binance Head of Financial Crime Compliance Tigran Gambaryan is departing the crypto exchange where he spent four years investigating illicit finance and cybercrimes, he said Friday in a Linkedin post, just a few months after escaping a harrowing eight-month-long detention in Nigeria.
In the social media post, Gambaryan, a former IRS agent, shared that he is on the lookout for “new challenges.” He intends to pursue job opportunities in the public sector or at a mission-driven institution in the...
