Still on this, During his presentation, Cole called out Uniswap, Ethereum Name Service and Optimism for receiving support from the Ethereum Foundation, but later on launching their own tokens backed by venture capital funding.
“Publicly funded projects should remain public and benefit those who have paid for them,” Cole said.
Cole also lambasted the Ethereum Foundation for neglecting ETH as a valuable asset.
Cointelegraph reached out to the Ethereum Foundation but did not receive a response by the time of publication.
Ethereum Validator Association Ethereum Validator Association (EVA) was announced as the first recipient to receive a grant from the ECF.
Cole says that with the EVA, validators will now have a say in how Ethereum’s monetary policy is shaped by prioritizing EIP road maps and choosing Ethereum’s client priorities.
“The EVA introduces validator representation,” Cole said.
Cole said that the EVA will empower clients based on their performance.
Additionally, Cole highlighted a potential conflict of interest as Offchain Labs, the team behind layer-2 network Arbitrum, has an ownership stake in Prysmatic Labs.
Notably, Prysm is the second-largest consensus layer client of the Ethereum network, according to Ethernodes. Prysmatic Labs operates the Prysm client.$ETH $ETH $ETH #BTC110KToday? #REX-OSPREYSolanaETF #hashtags
Sapientia1
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ETH news update: Ether rangebreak possible due to spot ETF inflows
The project has no ties to the Ethereum Foundation.
The ECF says it will provide grants to projects that increase “ETH burn, contribute to the public goods, advance core infrastructure, and scale Ethereum.” In order to receive grants, projects must use Ethereum as the settlement layer, which will lead to ETH burns due to the transactions being processed on the Ethereum mainnet.
Additionally, the projects must be tokenless and immutable in nature, according to the ECF website. #BTC110KToday? #REX-OSPREYSolanaETF $ETH $BTC
DOJ recovers $40K crypto from Trump-Vance inaugural scam, credits Tether
Federal prosecutors traced and seized $40,000 in crypto from scammers posing as Trump-Vance Inaugural Committee officials.
US federal prosecutors seized $40,300 in cryptocurrency recovered from an email scam that impersonated the Trump-Vance Inaugural Committee, according to a complaint filed by US Attorney Jeanine Ferris Pirro. The scheme tricked a donor into sending $250,300 worth of USDT stablecoin on the Ethereum blockchain to scammers posing as committee officials, the Department of Justice (DOJ) announced in a Wednesday news release. The scammers sent an email on Dec. 24, 2024, that appeared to come from Steve Witkoff, co-chair of the Trump-Vance Inaugural Committee. The fake email used the domain @t47lnaugural.com, swapping a lowercase “l” for an “i” to deceive the receiver. Believing the request was legitimate, the victim transferred the funds two days later into a crypto wallet controlled by the scammers. The stolen funds were quickly laundered through multiple cryptocurrency wallets.
ETH news update: Ether rangebreak possible due to spot ETF inflows
The project has no ties to the Ethereum Foundation.
The ECF says it will provide grants to projects that increase “ETH burn, contribute to the public goods, advance core infrastructure, and scale Ethereum.” In order to receive grants, projects must use Ethereum as the settlement layer, which will lead to ETH burns due to the transactions being processed on the Ethereum mainnet.
Additionally, the projects must be tokenless and immutable in nature, according to the ECF website. #BTC110KToday? #REX-OSPREYSolanaETF $ETH $BTC
Iran has officially banned the use of Starlink, the satellite internet service run by Elon Musk’s SpaceX. The government says Starlink could allow people to access the internet without using local networks, which they cannot control. This makes it hard for them to regulate what people see and share online. Starlink is popular among activists, journalists, and citizens who want uncensored internet, especially in countries where the internet is restricted. Iranian officials say the service could be misused by foreign enemies and claim it may even be used for military purposes. They are worried about losing control over their national communications. SpaceX has not made any official comments, but Elon Musk had earlier said that Starlink was activated in Iran during past protests and internet blackouts. Digital rights groups are concerned. They say banning Starlink will make it even harder for people in Iran to access open and secure internet. A spokesperson from Access Now, a global NGO, said the move is part of a growing pattern of “digital authoritarianism.” They added that while it’s okay for a country to want control over its internet systems, completely cutting people off from tools like Starlink only increases censorship and repression. #ElonMusk. #BinanceAlphaAlert #BTC110KToday? #BTC #USCorePCEMay $TRUMP $DOGE
SEC Chair calls tokenization an 'innovation' in sign of regulatory shift
In a media interview, Chair Paul Atkins pledged to empower businesses to innovate through tokenization
The US Securities and Exchange Commission (SEC) now sees tokenization as an “innovation” to be encouraged in the marketplace, according to Chair Paul Atkins, who pointed to a clear regulatory shift since former SEC Chair Gary Gensler’s tenure ended.
“Tokenization is an innovation,” Atkins said in a CNBC interview on Wednesday. “And we at the SEC should be focused on how do we advance innovation in the marketplace.”
Atkins contrasted his approach to crypto regulation with his predecessors, saying the SEC had previously hindered innovation through vague laws and “regulation through enforcement.”
“That day is over,” Atkins said, adding:
“My whole goal is to make things transparent from the regulatory aspect and give people a firm foundation upon which to innovate and come out with new products.”
Source: BTCTN
Atkins was sworn in as SEC chair in April after being nominated by US President Donald Trump on inauguration day. He has been widely recognized for his openness toward cryptocurrency and digital finance, as well as his emphasis on developing a robust regulatory framework for the sector
Atkins, like others, has recognized the importance of supporting the growing tokenization economy.
Tokenization has emerged as a key driver of crypto adoption, thanks in large part to a more pro-crypto regulatory environment in the United States, according to a recent Binance Research report shared with Cointelegraph.
The World Economic Forum also views tokenization as a promising bridge between traditional financial systems and blockchain, with the potential to reshape global finance.
Excluding stablecoins, the total value of tokenized real-world assets surpassed $24 billion in the first half of the year, with private credit and US Treasurys making up the bulk of the market, according to a report by RedStone.#TrumpVsMusk ##USCorePCEMay #REX-OSPREYSolanaETF $LTC $BNB
A White House review has paused certain US arms shipments to Ukraine, prompting backlash from Ukrainian officials who warn it could embolden Russia.
No official halt notice has been given to Kyiv, but US media say Patriots and grenades are among the delayed supplies. Ukraine’s defence ministry stressed the need for “joint pressure” on Russia.
The Kremlin, unsurprisingly, supports the slowdown.
A White House review has paused certain US arms shipments to Ukraine, prompting backlash from Ukrainian officials who warn it could embolden Russia.
No official halt notice has been given to Kyiv, but US media say Patriots and grenades are among the delayed supplies. Ukraine’s defence ministry stressed the need for “joint pressure” on Russia.
The Kremlin, unsurprisingly, supports the slowdown.
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