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Ethereum ETF race heats up 🔥

Ethereum ETF race heats up 🔥

Meanwhile, authorities in Germany and Montenegro move against crypto schemes.

Ryan Ozawa
August 21, 2024

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📝 What you need to know

While the price of ETH has been on a low simmer, spot Ethereum ETFs are still seeing uptake a month into their availability. Not surprisingly, the world’s largest asset manager has seen massive numbers with its offering: BlackRock’s Ethereum ETF has already drawn $1 billion in net gains, three times that of second-place Fidelity.

BlackRock's Ethereum ETF Hits $1 Billion in Net Gains, Nearly Tripling Fidelity

BlackRock’s spot Ethereum ETF crossed $1 billion in cumulative net inflows Tuesday, nearly tripling flows for Fidelity's runner-up.

German Authorities Seize $28 Million in Bitcoin ATM Crackdown

Financial regulators and law enforcement agencies shut down 13 cryptocurrency ATMs operating without proper authorization.

FutureNet Co-Founder Arrested in Montenegro Over Alleged $21 Million Fraud

Roman Zimian, who founded the "large-scale international pyramid scheme" FutureNet, had previously escaped from house arrest in Italy.

Sam Bankman-Fried Didn't Have 'Character of a Thief': Author Michael Lewis

"Going Infinite" author Michael Lewis defended his book about the disgraced FTX founder as a "fuller description of events" in a new essay.

🎓 LEARN: Getting Started with Institutional Staking

Earn a free NFT by taking our course, “Getting Started with Institutional Staking,” in partnership with Figment. Learn all about how proof of stake blockchains work, how to earn rewards through staking, and the various staking solutions available to retail and institutional investors.

💬 Quote of the Day

❝

“If you work on a technology that takes power away from the state, the latter will put obstacles in your way. If it didn't, it would mean we're doing something wrong.”

— Bitcoin ATM Operator

🌐 From Our Hubs

🎮 GG: Move-to-Earn Game ‘Stepn Go’ Reveals G-Shock NFT Sneaker Collab

Casio’s Virtual G-Shock project is expanding from digital watches to sneakers, thanks to social move-to-earn game Stepn Go.

🎭 SCENE: Arthur Hayes: Why Bitcoin Ordinals Project Airhead Isn't Another ‘Boring’ NFT Drop

Outspoken BitMEX founder Arthur Hayes explains why Airheads isn't just another 10K PFP collection: “We've done that so many fucking times."

🤖 EMERGE: Procreate App Takes Stand Against Generative AI, Shunning Adobe’s Approach

The CEO of the popular art app for iPad didn’t mince words, but the anti-AI stance could also be a shrewd political move, Decrypt was told.

🤖 EMERGE: Midjourney Beefs Up Its AI Image Editor—Here’s How To Use It

MidJourney, the AI-powered image generation platform, has recently unveiled a major update to its web-based image editor.

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📚 Dive Deeper

📹 WATCH: FOMO HOUR 184 - Punks Are Flying

BTC ETFs up $88 million, ETH ETFs down $7 million. BTC funding negative in ‘short squeeze’ setup. BTC dominance up 18% in 2 years. TRX leads L1s as memecoin activity soars. Chance of SOL ETF is zero in 2024: Bloomberg.

🎓 LEARN: What is PolitiFi? The Wave of Political Meme Coins

Meme coins themed around leading politicians have emerged as another way for degens to gamble on emerging narratives.