• Vodafone has confirmed rumors of plans to launch a Cardano-based Non-Fungible Token (NFT) platform.
• Revolut delisted Cardano, Polygon, and Solana from its US market.
• CME Group will offer Ether/Bitcoin ratio futures in July and Fidelity reapplied for a spot Bitcoin ETF despite rejection in 2022.
Vodafone Plans to Launch NFT Platform
Vodafone has officially confirmed rumors of plans to launch a Cardano-based Non-Fungible Token (NFT) platform. This news comes shortly after Revolut delisted Cardano, Polygon, and Solana from its US market.
CME Group Offers Ether/Bitcoin Ratio Futures
In addition, CME Group announced that it will soon offer Ether/Bitcoin ratio futures starting in July 2021. The move is seen as an effort by the derivatives giant to tap into the growing crypto sector.
Fidelity Reapplies for Spot Bitcoin ETF
In related news, Fidelity Investments recently reapplied for a spot Bitcoin exchange-traded fund (ETF), despite being rejected by the U.S Securities and Exchange Commission (SEC) back in 2022. Analyst Elliot Johnson argued that surveillance agreements are key to gaining SEC approval of such a fund.
Miners Sent 260% of Their Daily Revenue To Exchanges
On June 22nd miners sent an equivalent of 315% of their daily mining revenue to exchanges; however this number dropped significantly on June 28th when miners only sent 260%. This spike was mainly attributed to one of the largest Bitcoin mining pools – Poolin – which is responsible for this concentrated selling activity.
It appears that major industry players are increasingly investing in or taking part in the crypto space with many institutions offering new products and services related to cryptocurrencies. With all these developments, it remains to be seen what impact they will have on the nascent industry going forward.