Ethereum ETFs Launch On July 23
Research Reveals Australia's Crypto Scam Education Crisis, Polygon Leads In RWA
Spot Ethereum ETFs are about to start trading on July 23rd following CBOE's confirmation of the official date for ETFs assigned to it.
CBOE set this date for 5 Ethereum ETFs (21 Shares, Fidelity, Invesco Galaxy, VanEck, Franklin), and while Nasdaq and NYSE haven't announced the date, their 4 Ether ETFs are expected to list on July 23 too.
Given these exchanges, the 9 ETFs are to be available on most brokerage platforms.
Most of the responsible asset managers have already revealed their fees, from 0.15% to 0.25%.
Staking alongside Ether ETFs will not be available right away. The SEC denied Fidelity, BlackRock, and Franklin's requests for that. But issuers are still looking for ways to enable that.
Market Update
News
Report Reveals Australia's Crypto Scam Education Crisis
Recent research from the University of Queensland has highlighted a pressing issue in Australia: the need for better education on cryptocurrency scams. Australia has a high rate of crypto adoption, with over a quarter of Australians owning some form of crypto. However, this adoption has also led to significant losses. Last year alone, Australians lost AUD 171 million to crypto scams. | Read More
Polygon Rises as Key Player in Real World Assets Market
Polygon has recently seen a significant increase in interest for Real World Assets. This surge has positioned Polygon as the second most popular platform for RWAs, trailing only behind Ethereum. Sandeep Nailwal, Polygon's Founder, has highlighted several RWA launches on the network. | Read More
SoMon Becomes Fastest-Growing Web3 Social App With 300K Transactions
SoMon, or Social Monster, a decentralized web3 social app, is becoming the fastest-growing social app in the space. Within just two weeks of its launch, SoMon has recorded over 300,000 on-chain transactions. It allows users to create and monetize communities around various interests. One of the standout features of SoMon is its gasless experience. | Read More
Shiba Inu Warns of Rising Scams and WazirX Hack
The SHIB team has issued a warning to its community about the rise of scammers creating fake tokens using the same ticker as the original SHIB token. LUCIE, the project's marketing lead, took to Twitter to alert the community about these fraudulent activities. The team emphasized that a specific token, which they plan to launch named $TREAT, is not yet live. | Read More