The Australian Securities Exchange (ASX) has announced that it has sold all of its Digital Asset shares for $37 million (AU $57 million) to an unnamed investor. Digital Asset is the developer of the ASX's blockchain trading system CHESS, but the project was eventually abandoned after six years of hard work and changes to the ASX's management. Digital Asset has raised $315 million to date, backed by a number of blue-chip investors, including Accenture, Citi, Goldman Sachs, I...
KAMA hit an all-time high of 2.4 cents within minutes of Biden's announcement that he was dropping his re-election bid. KAMA, with a market capitalization of $24 million, is now nearly four times that of Biden-inspired token BODEN, which was once the cryptocurrency king of so-called PolitiFi. BODEN fell nearly 50 percent after Biden's announcement.
VanEck announced that its spot Ethereum ETF will be fee-free, mirroring its earlier bitcoin ETF strategy. Matthew Sigel, head of digital asset research at VanEck, said the zero-fee strategy aims to become "the preferred provider of cryptocurrency ETFs" and attract more investors, despite the potential for initial losses. VanEck plans to waive the fee on the first $1.50 billion of assets through 2025, with a 0.20% sponsorship fee thereafter. Franklin Templeton is the only other spot ETH ETF issue...