seth

According to cryptonews, the UK's Financial Conduct Authority (FCA) has strict rules for cryptocurrency promotions that require risk warnings and investor verification. Kraken's co-CEO Arjun Sethi criticized that these rules slow down the flow of funds, making it harder for retail investors to participate.The report states that in March of this year, Kraken announced it would acquire the derivatives platform NinjaTrader for $1.5 billion, a move that will deepen its presence in the futures and options space, while the company is also working to navigate the differences in regulatory environments between the UK and the US.

ChainCatcher message, the ether.fi foundation released an update on the ETHFI token buyback on the X platform, disclosing that this week it has used 78 ETH (approximately $370,000) of protocol revenue to purchase 247,000 ETHFI. Additionally, about 137,000 ETHFI have been burned, and the ETHFI distributed to sETHFI holders has increased to approximately 109,000.

ChainCatcher news, according to Cointelegraph, Sharplink Gaming holds an unrealized gain or loss of $323 million on LSETH.It is reported that LSETH is a type of Liquid Staking Derivative (LSD), representing a liquidity certificate obtained by staking Ethereum (ETH). Its core function is to allow users to continuously earn ETH staking rewards while maintaining asset liquidity, and to further participate in yield stacking or trading through DeFi protocols.

ChainCatcher news, U.S. Senator Hagerty stated that he will support Trump's nominee for Secretary of Defense, Hegseth.

ChainCatcher news, according to Jinshi reports, Trump stated that he will nominate television host Pete Hegseth (born June 6, 1980) as the U.S. Secretary of Defense.Pete graduated from Princeton University and holds a graduate degree from Harvard University. He is a U.S. Army veteran and has hosted a program on Fox News for 8 years. It is reported that Pete Hegseth advocates for the decentralized value of Bitcoin and has pledged not to sell his Bitcoin.

ChainCatcher news reports that a representative has confirmed that Kraken, the world's sixth-largest cryptocurrency exchange, has undergone a round of layoffs. As the news broke, board member Arjun Sethi was appointed as co-CEO to accelerate the company's growth alongside current CEO David Ripley.In a blog post announcing Sethi's appointment on Wednesday, the co-CEO wrote: "We are also launching transformations that fundamentally change how we innovate, build, and launch products for our customers. As we achieve net revenue of over $1 billion as a global remote organization, we have fallen into the trap of building organizational hierarchies."The article states that the company has become top-heavy, with corporate structures and decision-making leaning towards management, thus "we are making organizational discipline decisions to address this issue and eliminate hierarchies; we need to be leaner and faster."New York Times tech reporter Mike Isaac earlier posted on X that two internal sources disclosed that Kraken is laying off 15%. A representative from Kraken declined to comment on this figure.

ChainCatcher news, according to two informed sources, Arjun Sethi, co-founder of venture capital firm Tribe Capital, is expected to be appointed as the co-CEO of cryptocurrency exchange Kraken, working alongside current CEO Dave Ripley.Sethi first invested in Kraken in 2019 and joined its board in 2021. According to one informed source, even after taking on the new role at Kraken, Sethi will retain his position as Chairman and Chief Investment Officer of Tribe Capital.Yesterday, Kraken announced plans to launch an L2 blockchain called Ink early next year.Previous news, on December 11, 2023, Arjun Sethi, CEO of venture capital firm Tribe Capital, has stepped down, with Boris Revsin as his successor. Arjun Sethi will serve as Chairman and Chief Investment Officer of Tribe Capital.

ChainCatcher news, the Ethereum Layer 2 network Scroll has announced on social media that Session Zero has opened a points system for USDC, USDT, Kelp DAO's wrsETH, and Tranchess assets. Users can now transfer assets to Session Zero using any supported bridging tool and start earning points rewards. Points can be traced back to the very beginning. Users can visit the official page to view the new points distribution.Previously reported, on May 16, the Ethereum Layer 2 network Scroll launched the loyalty program Session Zero points system. Users who participated in the StakeStone and Scroll joint cross-chain points event can now check their accumulated points through the Scroll points system. In addition, accumulated points for DeFi applications will be launched soon.

ChainCatcher news, the Ethereum re-staking protocol EigenLayer will introduce three new liquid staking tokens (LST) on January 30 at 04:00, namely Frax Ether (sfrxETH), Mantle Staked Ether (mETH), and Liquid Collective Staked Ether (LsETH).At that time, EigenLayer will reopen, allowing re-staking with an existing cap of 200,000 ETH for each LST.

ChainCatcher news, the liquid staking protocol Stakewise V3 version has been launched on the mainnet. This version introduces the liquid staking token (LST) osETH and a staking market. Among them, the staking pool market Vaults Marketplace allows users to customize the staking mechanism, meaning that validators can offer tailored options for ETH holders who want to stake, ranging from MEV strategies to rewards, such as staking with specific operators under customized terms or self-custodied staking. Regardless of the staking model users choose, they can receive the liquid staking token osETH.As of now, Stakewise's total value locked (TVL) is approximately $200 million, making it the sixth largest LST provider on Ethereum.

ChainCatcher news, Bloomberg ETF analyst James Seyffart tweeted that ProShares' short Ethereum futures exchange-traded fund (ETF) has become effective on October 15 and will be launched in early November.Previous news, James Seyffart stated on social media that ProShares will launch the short Ethereum futures ETF (Short Ether Strategy ETF), which may start trading on October 16 (next Monday) under the ticker SETH.

ChainCatcher news, according to Blockworks, Stader Labs co-founder Dheeraj Borra stated that they plan to launch the Ethereum liquid staking re-staking token rsETH in the coming weeks. With rsETH, users can "re-stake" liquid staking tokens across multiple different networks, such as Coinbase's cbETH, Lido's stETH, and Rocket Pool's rETH, and mint a liquid token to represent their share in the re-staking contract.Borra claims that Stader's rsETH is built on the Ethereum re-staking protocol EigenLayer, aimed at simplifying entry into the re-staking ecosystem.

ChainCatcher news, according to The Block, the multi-chain liquid staking platform Stader Labs has launched a "Liquid Restaked Token" named rsETH on the testnet. This token aims to amplify Ethereum staking rewards by simultaneously restaking multiple liquid staking tokens.It is reported that the rsETH token is built on EigenLayer's restaking protocol, allowing users to stake Ether across multiple networks simultaneously, including Coinbase Wrapped Staked ETH (cbETH), Lido Staked ETH (stETH), and Rocket Pool ETH (rETH).

ChainCatcher message, MEV bot c0ffeebabe.eth has refunded 955 msETH (approximately 1.77 million USD) to the treasury address of the DeFi synthetic asset protocol Metronome.Previously reported, c0ffeebabe.eth refunded 2879 ETH (approximately 5.4 million USD) to the Curve.fi: Deloyer address.

ChainCatcher news, the DeFi synthetic asset protocol Metronome tweeted that, as a precautionary measure, it has suspended Metronome mainnet functionality to control the situation and minimize damage while investigating the best course of action moving forward.Metronome stated that a vulnerability involving multiple Curve pools has been exploited, and the msETH-ETH pool has also been attacked, with the attacker stealing all liquidity from the msETH-ETH pool. Any liquidity providers for msUSD trading pairs and Optimism users using msETH on Velodrome should note that their positions are unaffected. Additionally, all deposits and open positions in Metronome are not impacted by this incident.

ChainCatcher message, Curve Finance stated on Twitter that some stable pools (alETH/msETH/pETH) using Vyper 0.2.14 have been attacked due to a reentrancy lock failure. Currently, Curve is assessing the situation, and other pools are safe. Additionally, Curve further stated, "The dangerous combination is the affected Vyper version with the use of pure ETH."

ChainCatcher news, Coinbase announced that it will support Liquid Staked ETH (LSETH) on the Ethereum network and classify it as an "experimental asset." If liquidity conditions are met, trading will begin on March 7 at 23:00. Once supply is sufficient, the LSETH/USD trading pair will be rolled out in phases. (source link)

Chain Catcher News, the cryptocurrency index protocol Index Coop product team has released a proposal in the community to launch the Ethereum staking token index dsETH. This index will provide diversified exposure to the most liquid staking tokens in the Ethereum ecosystem, allowing users to reduce selection costs. dsETH will consist of 44.1% rETH, 29.6% stETH, and 26.3% sETH2, and will be issued based on Balancer, making it the first custodial Balancer pool deployed in collaboration with Balancer. (Source link)