The decline has come as ether, the token of the Ethereum blockchains, and other cryptocurrencies have plummeted from record highs little more than a year ago. ETH was recently trading at about $1,300, down 64% from the start of the year when the second largest crypto by market capitalization was still hovering near $4,000. The number of projects built on the Ethereum platform over this period has plummeted as some projects have failed and increasingly risk averse investors have deployed their money at a slower rate than during 2021’s bull market.
BlackRock taps Galaxy Digital as validator for its staked Ethereum ETF
Galaxy Digital has been named an approved validator for BlackRock’s iShares Staked Ethereum Trust ETF (ETHB), the firm’s first crypto...
