Analyses
Daily News Summary 22/6
June 22, 2024
Pantera Expands TON Exposure
Cryptocurrency venture capital firm Pantera is launching a new TON fund, the Pantera TON Investment Opportunity, to further expand its exposure to the project. Participation in the fund required a minimum contribution of $250,000. Pantera stated that the network is still in its early stages, and they are keenly observing how Telegram users will integrate with the full ecosystem.
Fidelity Launches Spot Ethereum ETF with $4.7 Million Investment
Asset manager Fidelity has made a seed investment of $4.75 million in its spot Ethereum ETF, with shares purchased by its subsidiary, FMR Capital. The amended S-1 filing revealed that on June 4, FMR Capital acquired 125,000 shares at approximately $38 each, which the trust used to purchase 1,250 ETH. Details on fees have not been disclosed yet.
Arbitrum Hits Record Thanks to ZRO
The Layer 2 network Arbitrum saw its daily revenue soar to a record $3.4 million in ETH on the day of the LayerZero ZRO token claims, driven by increased activity related to the launch. Arbitrum’s median fee spiked from 0.01 gwei to 34.7 gwei, significantly raising the average daily transaction fees to $0.89. After the surge subsided, transaction fees returned to their normal average levels.
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