BlackRock and Nasdaq have applied to the SEC to launch spot Ethereum ETF options products; Harris' running mate Tim Walz advocates for stricter regulation of cryptocurrencies; Goldman Sachs CEO: The recent market correction may be healthy, and the US is not expected to experience an economic recession.

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Bitpush
08-07
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[ BlackRock and Nasdaq apply to SEC to launch spot Ethereum ETF options products]

The exchange Nasdaq and the world's largest asset management company BlackRock plan to list options products based on the spot Ethereum ETF.

In a filing posted on the SEC's website on Tuesday, BlackRock and Nasdaq proposed a rule change to list and trade options based on the iShares Ethereum Trust (ticker ETHA). "The Exchange believes that offering trust options will benefit investors by providing them with an additional, relatively low-cost investment vehicle that allows them to gain exposure to ether spot, while also providing a hedging tool to meet their investment needs in ether products and positions," the filing reads.

Comments on the proposal will be published within 21 days. Bloomberg analyst James Seyffart wrote on X on Tuesday that the SEC could make a final decision on the proposal in early April 2025.

[Harris running mate Tim Walz advocates stricter regulation of cryptocurrencies]

According to Cointelegraph, U.S. Vice President Harris chose Minnesota Governor Tim Walz as her running mate. Walz's stance on cryptocurrencies is closely aligned with that of U.S. Democratic Senator Warren, who advocates stricter regulation of cryptocurrencies.

[ Goldman Sachs CEO: Recent market adjustments may be healthy, and the United States is not expected to experience an economic recession]

Goldman Sachs CEO David Solomo said in an interview with Bloomberg today that the recent stock market adjustment may be healthy, the Federal Reserve will abandon emergency interest rate cuts, and the United States is not expected to experience an economic recession.

“I don’t expect to see any progress until September,” he said. “The economy will be flat and probably not in a recession. Based on the economic data we’re seeing and the messaging from the Fed, I think there’s a good chance we’ll see one or two rate cuts this fall.”

[Trump said he would interview Musk on the evening of August 12]

According to the *Walter Bloomberg account, former US President Trump said that he will have an interview with Tesla CEO Elon Musk on Monday evening, August 12, local time.

[ Ronin : White hat hackers have returned about $10 million in ETH, and the Ronin bridge will be audited before reopening]

Ronin announced on X platform that the white hat hacker has returned about $10 million in ETH, and USDC is expected to be returned later, in gratitude for the white hat's vigilance and integrity. The bug bounty program will reward the white hat with a bounty of $500,000. The Ronin bridge will be audited before reopening, and updates will be provided as the audit progresses.

[Data: The pledge ratio of ETH supply has reached a historical high of 27.95%]

Data from The Block shows that the staking ratio of ETH supply has reached a record high of 27.95%. Since the launch of the spot Ethereum ETF, the ETH staking ratio has increased by 1.9%.

Furthermore, ETH’s price has fallen by about 30% since it reached a high of around $4,090 in March, however, during the same period, the percentage of ETH staked has increased by about 2%, from 26% to nearly 28%. Year to date, TVL in the liquidity staking space has grown by 60%, from $32.68 billion to $52.27 billion. TVL in the liquidity re-staking space has grown by more than 1,200% during the same period, from $1.34 billion to $18.65 billion.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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