Crypto

VanEck shifts focus to spot Ethereum ETF, phases out futures fund EFUT

Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a Sept. 6 statement. VanEck cited performance, liquidity, assets under management (AUM), and investor interest as factors behind its decision. The firm also noted the recent approval of its spot Ethereum ETP, ETHV, by the US […]
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Cryptocurrency

Chamber of Progress demands clarity on crypto from presidential hopefuls

The Chamber of Progress, a technology industry coalition advocating for digital innovation, has urged moderators of the upcoming ABC presidential debate to include a critical question on crypto regulation. In a letter sent to moderators Linsey Davis and David Muir on Sept. 5, the organization highlighted the growing role of digital assets in the US […]
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Cryptocurrency

Coinbase to face shareholder lawsuit over SEC risks, judge rules

A federal judge has rejected Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders, Reuters reported Sept. 6. The lawsuit accuses the largest US crypto exchange of downplaying the likelihood of being sued by the US Securities and Exchange Commission (SEC). US District Judge Brian Martinotti ruled on Sept. 5 that shareholders adequately […]
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Cryptocurrency

Bitcoin active address momentum slows, echoes post-peak declines of 2018 and 2021

Onchain Highlights DEFINITION: This metric, compares the monthly average 🔴 of new addresses against the yearly average 🔵 to underline relative shifts in dominant sentiment and help identify when the tides are turning for network activity. Monthly 🔴 > Yearly 🔵 indicates an expansion in on-chain activity, typical of improving network fundamentals and growing network […]
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Cryptocurrency

Bitcoin’s entity-adjusted NUPL signals heightened market uncertainty below $60k

Onchain Highlights DEFINITION: Entity-adjusted NUPL is an improved variant of Net Unrealized Profit/Loss (NUPL) that discards transactions between addresses of the same entity (“in-house” transactions). It only accounts for real economic activity and provides an improved market signal compared to its raw UTXO-based counterpart. Bitcoin’s Entity-Adjusted NUPL has been in a downtrend since mid-2024, reflecting […]
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Cryptocurrency