Fidelity Investments believes that most market participants should have positions in Bitcoin, regardless of their beliefs. To do this, they need to allocate only between 1 and 5% of their capital to BTC.
Ripple CEO Brad Garlinghouse said the launch of the Ethereum-ETF will open the door for other cryptocurrencies to enter the ETF market. He believes the emergence of XRP-based spot exchange-traded funds is “inevitable.” Other ETF contenders could include Solana (SOL) and Cardano (ADA).
FTX, which is in bankruptcy proceedings, settled a lawsuit from the US Internal Revenue Service (IRS). Under the parties' settlement agreement, the agency will receive, at best, $885 million from FTX instead of the $24 billion originally requested.
The company behind StarkNet, StarkWare, intends to make the L2 network a single scaling layer for the first cryptocurrency alongside Ethereum. This requires implementing Bitcoin's OP_CAT update, which will return smart contract functionality to the blockchain.