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SEC Approved Spot Ethereum ETFs for Trading
Ethereum ETF has been in the news for quite some as the partial approval was done by the Security and Exchange Commission. 19b-4 was approved first and now the SEC has approved Grayscale, ProShares Spot Ethereum ETFs for Trading on NYSE Arca. Its big news as now its all set to start the ETF trading from 23rd July. After Bitcoin ETF, ethereum is another big spot ETF in the crypto market and this will open the door for more institutional investors.
Biggest Indian Exchange WazirX Hacked for $230 Million
Its a bad day for the Indian crypto community as the Wazirx crypto exchange has been compromised for $230 Million. As per the latest proof of reserve report, the exchange had approximately $550 million crypto balance and hackers have stolen $230 million from their multi-sig wallet. This is a big news in the Indian crypto market today and it may negatively affect the Indian crypto industry. Exchange has already shared the official update through their X channel. They are trying to recover the funds but till now there is no good news.
LPUD (Leo Power Up Day) is a fantastic community initiative and its organized on the 15th of the month. Every month some winners are rewarded for their participation in LPUD (they power up Leo tokens on the day) and for July month, the result is out. A total of 17 participants are chosen as winners for the month
Environmental disasters are not at all good for us and a signal that something is not right and we need to be careful and considerate toward the environment. The climate change is affecting us in many ways. Flooding affects us in many areas and leads to the destruction of life and in many countries we are just one disaster away from poverty. Its high time that the world needs to pay more attention to this.
Recently the attempt to assassinate Donald Trump took place however it failed. This is an act of violence and this is not the right way. Violence is never the solution to the problem and this could be because of some political difference but not sure though. This article has explained very well about The Human Cost of Political Violence and is worth reading.
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