Right this moment in crypto, Canary Capital is in search of regulatory approval to listing an exchange-traded fund backed by Pudgy Penguins’ governance token. In the meantime, Coinbase has emerged as the biggest node operator on the Ethereum community, and Solana Labs’ founder expressed remorse for downplaying backlash over a controversial Solana advert mocking gender identification.
Canary information for PENGU ETF
Asset supervisor Canary Capital has filed to listing an exchange-traded fund (ETF) holding Pengu (PENGU), the governance token of the Pudgy Penguins non-fungible token (NFT) venture, US regulatory filings present.
The ETF is the newest in a slew of filings for brand new US funding merchandise tied to identify cryptocurrencies, together with altcoins and memecoins.
In accordance with the submitting, the ETF is meant to carry spot PENGU in addition to numerous Pudgy Penguins NFTs. It could be the primary US ETF to carry NFTs if accredited.
Moreover, “[t]he Belief will even maintain different digital belongings, equivalent to SOL and ETH, which can be mandatory or incidental to the acquisition, sale and switch of the Belief’s PENGU and Pudgy Penguins NFTs,” the submitting mentioned.
Launched in December, PUDGY has a roughly $438 million market capitalization as of March 20, in accordance to CoinGecko.
Pudgy Penguins is among the many hottest NFT manufacturers. Supply: Cointelegraph
Coinbase turns into Ethereum’s largest node operator with 11% stake
Crypto trade Coinbase is the biggest node operator on the Ethereum community, controlling 11.42% of the whole staked Ether, in response to the corporate’s newest efficiency report.
Coinbase mentioned it had 3.84 million Ether (ETH), price about $6.8 billion, staked to its validators. The trade mentioned that, as of March 3, it has 11.42% of the whole staked ETH.
Supply: Anthony Sassano
Coinbase additionally shared that it exceeded its goal for validator uptime, which signifies the share of time when validators are operational.
Solana CEO breaks silence over controversial advert backlash
Solana Labs CEO Anatoly Yakovenko has damaged his silence over the “America Is Again — Time to Speed up” commercial, which blended American patriotism and tech innovation with political messaging round gender identification.
“The advert was dangerous, and it’s nonetheless gnawing at my soul,” Yakovenko mentioned in a March 19 X put up after receiving immense backlash over the controversial advert.
Supply: Anatoly Yakovenko
“I’m ashamed I downplayed it as a substitute of simply calling it what it’s – imply and punching down on a marginalized group.”
Yakovenko praised these within the Solana ecosystem who referred to as out the “mess” that was posted on Solana’s X account, which collected round 1.2 million views and 1,300 feedback earlier than it was deleted roughly 9 hours later.
Yakovenko mentioned he’ll use the training expertise to make sure Solana stays targeted on open-source software program improvement and decentralization whereas staying “out of cultural wars.”
