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Two digital asset giants are dropping their fundamental plans as no regulatory clarity provided since 2021

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Surprisingly, two leading asset managers, Grayscale Investments and Bitwise, have seemingly backpedaled on their plans to launch Ether-futures Exchange Traded Funds (ETFs), Bloomberg reports.

Grayscale has expunged the mention of the Ethereum Futures ETF from its filing, retaining only two separate funds, while Bitwise has formally withdrawn its application for its Ethereum Strategy fund, according to documents submitted to the U.S. Securities and Exchange Commission. These unexpected alterations were first reported by Blockworks. As of now, Grayscale, Bitwise and the SEC have remained tight-lipped about these changes.

These developments could be attributed to a combination of factors. First and foremost, the overarching regulatory environment could have played a crucial role. The SEC has repeatedly denied approvals for Bitcoin and Ethereum ETFs from various financial institutions, raising the regulatory bar for such products.

Despite the potential of these ETFs to catapult these asset management giants back to market prominence, the risk associated with regulatory uncertainties may have been a deterrent effect. Grayscale and Bitwise might have decided to sidestep potential regulatory hurdles by abandoning their Ether-futures ETF plans.

Furthermore, the recent liquidity crisis faced by Glassnode might have induced a cautionary stance in these asset managers. Faced with the prospect of similar liquidity issues, both Grayscale and Bitwise could have deemed it prudent to pull back on their Ether-futures ETFs.

While the precise reasons for these shifts remain speculative, the recent developments underscore the complexity and challenges of navigating the crypto asset management space amid regulatory uncertainties and market volatility. As the landscape continues to evolve, firms will need to remain flexible and responsive to shifting trends and regulations.

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Grayscale Decided to Drop Ethereum ETF Plans: Here's Why - U.Today

Craving both '90s nostalgia and ice-cold crypto storage? A small team of developers at crypto startup Keyp is revamping original Nintendo Game Boy handheld consoles and optimizing them to store cryptocurrency offline, transforming the popular handheld of yore into a crypto hardware wallet called the Game Wallet.

But the Game Wallet isnt just a newfangled hardware wallet with a Game Boy console cover. In fact, the Game Wallet is far from a gimmickits a brand new Game Boy game cartridge that actually uses gamification to generate users seed phrases through random quests and interactions with non-playable characters (NPCs).

Once set up, the Game Wallet will be able to store any cryptocurrency that uses BIP-32 seed phrases, which means it can store coins like Bitcoin and Ethereum at launch. Its software will also be open source and available for anyone to create their own implementation, if desired.

Keyp founder Joseph Schiarizzi told Decrypt that the wallets game experience will be Pokmon-like.

Our primary focus at Keyp is making Web3 accessible and safe for everyone with tools like social logins and extra security layers for wallets," Schiarizzi said. "Game Wallet is a fun project [and] extension of that."

While the Game Wallet has been in development since January, Keyp's nine-person team believes the recent controversy surrounding Ledgers new recovery service means a truly offline storage solution is needed. Game Wallet is marketing itself as an offline storage option that promises no firmware updatesever.

With all the drama around the recent Ledger hardware wallet update, we realized the need for truly offline cold storage that minimizes trust, Keyp co-founder Sascha Mombartz wrote on a Game Wallet product page.

What started as a fun idea now seems to be a really important product," Mombartz added. "Trusting the supply chain for new security devices can be scary because we dont know who has messed with a device, but I know exactly where the Game Boy on my shelf has been for the last 20 years."

The Game Wallet doesnt yet have an official release date, but Schiarizzi toldDecrypt that the company plans to open pre-orders soon and is targeting a summer rollout, barring supply chain and/or technical hurdles.

This isnt the first time crypto enthusiasts have cryptified the Game Boy, however. Two years ago, a pseudonymous IT security researcher turned the handheld into a Bitcoin mining devicealbeit a very slow one.

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Your Old Game Boy Can Now Be Turned Into a Bitcoin and Ethereum Hardware Wallet - Decrypt

The resounding call from top U.S. regulators for a clampdown on crypto anonymity has sent waves of uncertainty and anticipation through the decentralized exchange (DEX) and decentralized finance (DeFi) realms. As the landscape of crypto regulation undergoes rapid evolution, the potential ramifications on prominent cryptocurrencies like Bitcoin, Ethereum, and Signuptoken.com are the subject of widespread speculation. The urging to remove anonymity raises pertinent questions about the future of privacy in cryptocurrency transactions and the broader implications for the crypto market. Lets explore the significance of this regulatory push and its potential impacts on these digital assets and platforms.

The Commodity Futures Trading Commission (CFTC) Commissioner, Christy Goldsmith Romero, and New York State Department of Financial Services Director (NY DFS), Linda Lacewell, have both expressed trepidations about the prevalence of anonymity in the cryptocurrency industry, which they believe encourages fraud and unlawful activity.

In a recent address, Lacewell, a top regulatory official, called upon governments and the business community to take action on the issue of anonymity in cryptocurrency transactions. She highlighted the use of mixers, software tools that anonymize transactions, and emphasized the need for increased openness. Romero, a prominent figure in Congress, echoed these sentiments and revealed that measures are being considered to address cryptocurrency anonymity, with a focus on anti-money laundering and anti-terrorist funding laws. The recent actions against Tornado Cash exemplify concerns about virtual currency mixers facilitating money laundering. Romero underscored the importance of upholding customer financial privacy while avoiding tools that enhance obscurity in the cryptocurrency realm.

If regulators remove anonymity from Bitcoin, Ethereum, and Signuptoken.com as urged by regulators, including the US Securities and Exchange Commission (SEC) would likely have both positive and negative consequences.

The allure of Bitcoin, Ethereum, and Signuptoken.com is their pseudonymous nature, but removing anonymity could increase transparency and accountability. This may entail stricter KYC and AML protocols for crypto exchanges and service providers, leading to greater regulatory monitoring. Also, some individuals value the pseudonymous aspect of cryptocurrencies as a way to protect their financial privacy. Without anonymity, concerns may arise about personal information being exposed, which could potentially discourage the use of Bitcoin, Ethereum, and Signuptoken.com.

On the flip side, transparency on transactions for cryptos like Bitcoin, Ethereum, and Signuptoken.com can help combat illegal activities. Shady acts like money laundering, fraud, and terrorist financing can often hide behind the veil of anonymity in cryptocurrencies. Increased transparency can also foster trust and credibility, attracting institutional investors and mainstream users to the crypto market with renewed confidence.

Similar to the renowned Bitcoin and Ethereum, Signuptoken.com is a promising contender in the cryptocurrency landscape, ready to make its mark with distinct features, which may also face pressure as anonymity clampdowns press on.

Signuptoken.com (SUT) has emerged as a beacon of excitement in the crypto world with its recent revolutionary features. With a grand vision to generate financial growth for its members, SUT has quickly gained traction with over 5,500 email subscribers in just a few weeks.

Also, the unveiling of a highly anticipated referral system and the announcement of dropping its entire token supply upon launching have added an extra twist of excitement to the SUT journey. This bold move ensures maximum liquidity and sets the stage for a thriving ecosystem for the valued SUT community. With its unique approach and promising offerings, Signuptoken.com has quickly captured the attention and anticipation of crypto enthusiasts worldwide.

Crackdowns may bring increased regulation and reduced anonymity to cryptocurrencies like Bitcoin, Ethereum, and Signuptoken.com. While this can offer benefits such as improved investor protection and market confidence, it may also have downsides in terms of limitations on privacy and anonymity, which could impact investor appeal. Balancing regulation and anonymity remains a crucial consideration for the future of these digital assets.

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

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Calls For The Ending Of Crypto Anonymity Heightens, May Affect ... - Analytics Insight

Decentralized finance (DeFi) and liquid staking protocol Asymmetry Finance today announced that it has raised $3 million in a seed funding round led by venture capital fund Ecco Capital.

This brings Asymmetry Finance to a total valuation of $20 million. The funding round also included Republic Capital, GMJP, and fellow staking provider Ankr.

Asymmetry says it will use the funds to develop, add talent, and onboard more users and institutions to its platform, which also launches today.

The flagship project of Asymmetry Finances protocol is Simple Asymmetry Finance Ethereum (safETH), a token issued to customers staking ETH on the platform. The protocol touts itself as user-friendly, with a fee-free decentralized asset basket that directly mitigates risks such as the central point of failure, and a singular dominant custodian, at risk of possible regulation.

Asymmetrys protocol is hoping to pitch itself as an alternative to the decentralized Ethereum staking services offered by platforms like Lido Finance and Rocket Pool. While they bill themselves as decentralized, their sheer popularity can quickly make them a point of attack for a large portion of the network.

Per Rated, a staking node operator data dashboard, Lido currently has more than 187,000 different nodes staking ETH. However, these nodes are all operated by just 30 different node operators, for example.

Lido also commands more than 30% of the entire liquid staking market, with over 6.2 million in ETH currently deposited on the platform.

Ethereum first began its transition to a proof-of-stake consensus algorithm in December 2020 with the launch of its Beacon Chain. As of September last year, following the successful execution of the merge, the network has finally left its proof-of-work days in the past.

Now, instead of warehouses of mining machines running non-stop to verify transactions and secure the network, Ethereum uses so-called validators. In order to become a validator, users must first put up 32 ETH and maintain the necessary hardware requirements. For doing so, they can earn an ETH-denominated yield; failing to do so, be it due to downtime or validating fraudulent transactions, means validators are penalized.

At roughly $60,000, the 32 ETH entry barrier is steep for many.

This is in part why the liquid staking scene has become so popular. These protocols let anyone deposit any amount and begin earning rewards.

Some have also raised the issue of the lions share of Ethereum nodes currently running on cloud services, the majority of which are hosted by Amazon Web Services.

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Asymmetry Finance Joins Liquid Ethereum Staking Market With Latest $3M Raise - Decrypt

In recent times, the cryptocurrency market has witnessed a tremendous surge, attracting buyers and investors in search of the next Bitcoin and lucrative crypto opportunities. Bitcoin, the trailblazing decentralized currency, has played a pivotal role in enabling this remarkable growth.

This article investigates the potential of ApeMax, Ethereum, and Solana, and whether these cryptocurrencies have what it takes to become the next Bitcoin. This article will explore each of these coins and their unique attributes which may help them dethrone Bitcoin from the number one spot. This article will place special emphasis on the new coin ApeMax, which offers significant earning potential through its transformative boost staking system.

Bitcoin, since its inception, has experienced an astronomical price surge, soaring from a few cents per BTC to reaching an all-time high of $68,789.63 per Bitcoin. Several early investors in Bitcoin have amassed substantial wealth from their initial investments. Consequently, it comes as no surprise that everyone from investors to experts are constantly seeking out the next Bitcoin. Everyone is on the lookout for a game-changing crypto coin with immense growth potential and the capability to bring about transformative change to the crypto market.

Bitcoin was born in 2008 and launched by an individual or group of individuals who go by the pseudonym Satoshi Nakamoto. The world has never been the same since.

Bitcoin is widely regarded as a revolutionary and pioneering force due to several significant factors. Firstly, it introduced the groundbreaking concept of a decentralized digital currency, challenging the conventional financial system that heavily relies on centralized entities such as banks.

Bitcoins underlying technology, known as blockchain, is also a game changer. It brought forth a transparent, immutable, and secure ledger system for recording transactions. This innovation has unlocked numerous possibilities beyond mere currency.

Finally, Bitcoins finite supply and decentralized nature have positioned it as an alternative store of value and a potential safeguard against a problem that plagues traditional fiat currencies: inflation. These attributes have captured the attention of people around the world, leading to exceptionally high demand and price as evidenced by data from CoinMarketCap.

The presale for ApeMax is currently open, providing an exceptional opportunity to get your hands on ApeMax coins at highly affordable prices.

ApeMax is a groundbreaking Boost to Earn coin, introducing innovative tokenomics that enable users to generate earnings by staking their coins in entities ranging from creators and influencers, to charities or even Web3 projects. ApeMax stands out by offering immediate engagement in staking and growth, setting it apart from other alternatives in the market.

Similar to Bitcoin, ApeMax coin possesses deflationary properties as it has a fixed supply. Deflationary coins like ApeMax and Bitcoin can serve as attractive options as they can act as hedges against inflation if their demand increases.

The boosting-based staking model of ApeMax has the potential to create a completely new economic model where creators and their supporters can both earn through the act of boosting. This has the potential to disrupt the existing economic model reliant on traditional ad-based and subscription revenue streams.

Experts in the industry have identified ApeMax as one of the best crypto presales to keep an eye on. To secure the lowest presale price, it is advisable not to wait and to participate in the ApeMax coin presale now. Early adopters often enjoy the best return in the world of cryptocurrency when a new coin strikes gold down the line.

Ethereum has the potential to rival Bitcoin for several reasons. Ethereum introduced the concept of smart contracts, and through this groundbreaking feature has enabled the creation of decentralized applications and a world of possibilities beyond peer-to-peer transactions.

Secondly, Ethereums platform allows developers to build and deploy decentralized applications using its native programming language, Solidity. This programmability makes Ethereum flexible and adaptable to various use cases.

Another factor that helps Ethereum outshine Bitcoin is the EVM, a runtime environment that executes smart contracts on the Ethereum network. This enables the execution of complex computations and facilitates interoperability between decentralized applications. Bitcoin lacks such a comparable virtual machine for executing advanced smart contracts.

Finally, Ethereum has become the leading platform for token creation and hosts many tokens beyond its native cryptocurrency. Additionally, Ethereums blockchain has become the foundation for the growth of decentralized finance, enabling various financial services such as lending, borrowing, and decentralized exchanges.

Solana is designed to be highly scalable, capable of processing thousands of transactions per second. In contrast, Bitcoins network has limited scalability, leading to higher fees and slower transaction times. Solanas scalability makes it more suitable for mainstream adoption and handling large-scale applications.

Solanas innovative architecture and consensus algorithm also allow for faster transaction confirmations and reduced latency. This efficiency enhances user experience and enables Solana to compete with Bitcoin in terms of transaction speed and responsiveness.

Finally, Solanas network fees are generally lower compared to Bitcoin. The lower transaction costs make Solana more attractive for everyday transactions and encourage wider adoption across various industries.

In summary, this article looks at Ethereum, ApeMax, and Solana and whether these coins have what it takes to become the next Bitcoin and why. Undoubtedly, Bitcoin has left an enduring legacy on the world and decentralized finance. Although Ethereum and Solana possess several characteristics which make them stronger than Bitcoin in certain respects, they also have something in common, namely that their prices are already quite high.

ApeMax distinguishes itself with its unique tokenomics that offer opportunities for earning. The ApeMax presale has recently kicked off, providing a limited-time chance to buy ApeMax coins at desirable and affordable prices. Whether you have prior experience with cryptocurrencies or are new to this realm, venturing into ApeMax could be a potentially rewarding adventure worth looking into.

ApeMax Official Website: https://www.apemax.io

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The Next Bitcoin: Could ApeMax, Ethereum, or Solana rival Bitcoin? - Analytics Insight