OKX publishes second Proof-of-Reserves update, commits to report monthly

Leading crypto exchange OKX has published the second update of its proof-of-reserves (PoR), with a promise to update on a monthly basis. Following the collapse of FTX, crypto exchanges including OKX and Binance have moved to improve their transparency by publishing PoR reports. OKX published the first version of its first proof of reserves report … Read more

Hong Kong Stock Exchange to list CSOP Asset Management’s Bitcoin, Ethereum ETF

CSOP Asset Management has received approval to list its Bitcoin and Ethereum exchange-traded funds (ETFs) on the Hong Kong Stock Exchange by Dec. 16. CryptoSlate reported on Oct. 31, that the government of Hong Kong released its crypto policy statement which allowed retail investors to legally invest in crypto assets. Simultaneously, the Hong Kong Securities … Read more

Arbitrium’s Offchain Labs acquires leading Ethereum client

Arbitrum’s parent company Offchain Labs has announced its acquisition of Prysmatic Labs, a core Ethereum development team. Prysmatic Labs is the engineering team behind Prysm, Ethereum’s leading consensus layer client. Prysm is an Ethereum proof-of-stake client that pioneered the Ethereum merge. Offchain Labs said the move to onboard Prysmatic Labs finds root in their shared … Read more

ARK Invest’s crypto strategies to offer top 20 crypto assets to wealth managers

Cathie Wood-led ARK Invest has inked a partnership with Eaglebrook Advisors to offer the ARK Cryptocurrency and ARK Cryptoasset strategies available as a separately managed account (SMA) for financial advisors and wealth managers. Since 2015, ARK Invest has been involved in crypto equity and security investments. Through the ARK Exchange Traded Funds (ETF), the investment … Read more

CryptoSlate Wrapped Daily: Bitcoin drops 6.5% after Fed’s 75 bps rate hike; Tether under pressure to produce documents on USDT reserve

The biggest news in the cryptosphere for Sept. 21 includes Bitcoin tanking 6.5% after Fed announced a 75 bps rate hike, a court ordering Tether to provide documents on its reserves, and Ethereum Devs looking to enable withdrawals in the upcoming Shanghai upgrade. CryptoSlate Top Stories Developer consensus supports Ethereum withdrawals in upcoming Shanghai upgrade … Read more

CryptoSlate Wrapped Daily: Wintermute hacked of $160M, SEC claim jurisdiction over Ethereum transactions

The biggest news in the cryptoverse for Sept 20 includes Wintermute losing $160 million to DeFi operation hack, Ethereum developer confirming that Shanghai upgrade will not unlock staked ETH, Experts arguing that SEC cannot claim jurisdiction over Ethereum transactions, MicroStrategy buys an additional 301 Bitcoin for $6 million. CryptoSlate Top Stories Wintermute reveals $160M hack … Read more

Vitalik Buterin argues that highly decentralized DAOs will be more efficient than corporations

Ethereum co-founder Vitalik Buterin laid out arguments to support the view that decentralized autonomous organizations (DAOs) could be more efficient than traditional corporations in the presence of highly decentralized governance models. Ongoing conversations in the crypto community suggest that highly decentralized DAOs have been inefficient. Many are of the view that protocols could become more efficient … Read more

GrayScale Investment moves to sell all ETHPOW tokens

GrayScale Investment has announced plans to sell ETHPoW tokens it received from the PoW hard-fork following Ethereum’s transition to proof-of-stake (PoS). Shortly after the Merge on Sept. 15, miners hard-forked Ethereum to launch the Ethereum PoW network. As proposed,  ETHPoW tokens were distributed to eligible ETH holders. Two funds owned by GrayScale Investment received a cumulative sum … Read more

Osmosis co-founder questions the effectiveness of ETH staking post-merge

Osmosis Co-Founder Sunny Aggarwal has questioned the effectiveness of Ethereum’s staking model as it will not enable withdrawal of staked ETH post-merge. Currently, there are 13.7 million ETH staked on the beacon chain. According to the PoS design, the assets will remain locked until the Shanghai update goes live in the future, In a commentary … Read more

CryptoSlate Wrapped Daily: Ethereum switches to PoS, ETH falls below $1,500 as over $150M is liquidated

The biggest news in the cryptoverse for Sept. 15 includes ETH falling below $1,500 as over $150M is liquidated, the first post-merge NFT “The Transition”  minting for $60,000, Charles Hoskinson saying that Ethereum’s Merge changes nothing. CryptoSlate Top Stories Ethereum switches to PoS after successfully completing the Merge Arguably the biggest moment in the history … Read more