Ethereum News: Fidelity Seeks to Add Staking to Its Ethereum ETF

Fidelity Investments, a prominent asset manager, has taken a significant step towards enhancing its Ethereum ETF offerings by filing with the Securities and Exchange Commission (SEC) to add staking capabilities. This move could potentially revolutionize the way investors participate in the Ethereum network and earn rewards.

Fidelity Files to Add Staking to Its Ethereum ETF

Fidelity has filed to add staking to its Ethereum ETF. The Chicago Board Options Exchange (CBOE) has submitted an application that would allow the asset manager to engage in staking activities for its crypto-based fund. Although the Ether ETF did not have the same success as Bitcoin, Ethereum is still the leading DeFi chain with more than $51 billion in total value locked. ETH ETF issuers have pushed for staking to be accessible to investors amid the ongoing crypto policy shift in the US.

Bybit Hack Fallout: Experts Debate Ethereum’s Reputation

The Bybit hack, the largest in crypto history, shook the crypto community due to the manipulation of the transaction signing process, an infrastructure-level attack. Representatives from Holonym, Cartesi, and Komodo Platform discussed the implications of this breach, steps to curb similar situations in the future, and how public trust in Ethereum can be restored. While other crypto exchange breaches involved private keys or direct compromises of exchange wallets, Bybit’s situation was different, highlighting the need for enhanced security measures.

Ethereum falls below $2k – Can ETH avoid a fourth straight month of losses?

Ethereum [ETH] is at a pivotal moment, facing the possibility of a fourth straight month of losses. ETH investors, including WLFI – an institutional investor backed by President Donald Trump who holds 65% of its crypto portfolio in ETH – have faced significant losses this year, with a staggering $110 million decline due to the recent downturn. Despite the losses, some investors see the dip as a buying opportunity, while others remain cautious. Long-term trends suggest growing confidence in Ethereum’s future, with $1.8 billion worth of ETH leaving exchanges last week. As Ethereum enters a crucial 21-day window, all eyes are on whether it can restore market confidence and avoid a historic four-month losing streak.

$57M Sky Deposit Not From Ethereum Foundation, Ethereum Devs Confirm

On March 10, a deposit of 30,098 ETH, worth approximately $57,614,795, was made into the Sky decentralized finance (DeFi) protocol. Initially, many in the cryptosphere presumed the Ethereum Foundation (EF), a non-profit supporting Ethereum’s development, made the deposit due to the sender’s wallet being marked as ’Ethereum Foundation’. However, Ethereum community members denied this, clarifying that the wallet address did not belong to the Foundation.