Crypto News
Shorting ETH Has Been the Best ETF Strategy this Year
The two best performing exchange-traded funds (ETFs) in the U.S. both made leveraged bets against ether and racked up mind-blowing returns as a result. The Year of the ETH Short: How Bearish Investors Are Raking in ETF Profits Ethereum’s ether ( ETH) has had a rough year, nosediving almost 51% since January. Savvy investors haveSource link
Ethena Partners With Re to Offer up to 23% APY Through Reinsurance Risk Pools
Ethena, a synthetic dollar protocol, has partnered with the decentralized reinsurance platform Re to enable users to earn yield by depositing stablecoins into reinsurance risk pools. Synthetic Dollar Protocol Ethena Taps Re for High-Yield Reinsurance Pools The integration allows users to lock USDe and sUSDe stablecoins into Re’s Risk Pools, managed by qualified Cell Managers,Source link
South Korea Blocks Apps of Crypto Exchanges on Apple, Google Stores
Google and Apple pulled apps, including KuCoin and MEXC, after authorities flagged them for operating without proper registration.Source link
SEC Extends Grayscale Review, Holding Back Approval of ETH Staking Amendments
The SEC just hit pause on a game-changing move that could supercharge ether ETFs with staking rewards and reshape crypto investing. SEC Delays Verdict on Grayscale’s Ether Staking ETF as June Countdown Begins The U.S. Securities and Exchange Commission (SEC) has extended its review period for a proposed rule change tied to the Grayscale EthereumSource link
Phantom Wallet Sued Over $500K Meme Coin Theft Linked to Alleged Security Flaw
The plaintiffs allege Phantom exposed users to malware and crypto theft. They are now seeking $3.1 million in damages.Source link