Crypto Morning News: Lido Founder Establishes "Second Foundation" for Ethereum; Bitwise and CoinShares Apply to Register DOGE ETF Trusts
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Crypto Morning News: Lido Founder Establishes "Second Foundation" for Ethereum; Bitwise and CoinShares Apply to Register DOGE ETF Trusts
ETF issuers are actively preparing staking-based Ethereum ETFs and are confident about approval under the new SEC leadership.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
CME Website Once Indicated XRP and SOL Futures to Launch in February
According to Cointelegraph, the Chicago Mercantile Exchange (CME) website previously showed plans to launch XRP and SOL futures contracts as early as February 10, 2025, pending regulatory review.
Information from the webpage—later removed—indicated that the standard SOL contract size would be 500 SOL, with a micro version of 25 SOL; the standard XRP contract size would be 50,000 XRP, and the micro version 2,500 XRP. All contracts would be settled in USD.
Bitwise and CoinShares File Documents in Delaware to Register DOGE ETF Trusts
Corporate registration records from Delaware show that Bitwise and CoinShares have each completed registration for a DOGE ETF trust. CoinShares registered the "COINSHARES DOGE ETF" trust on December 10, 2024, file number 10033002; Bitwise registered the "BITWISE DOGECOIN ETF" trust on January 22, 2025, file number 10074162.
Bloomberg ETF analyst James Seyffart noted that trust registration is merely a preliminary step for an ETF application and that neither firm has yet submitted formal filings to the SEC.
Coinbase to List Toshi (TOSHI)
Coinbase announced it will add support for Toshi (TOSHI) on the Base network. Only transfers via the Base network are supported; using other networks may result in loss of funds.
TOSHI trading will begin at 9:00 AM Pacific Time on January 23, 2025 (1:00 AM Beijing Time, January 24), subject to liquidity conditions. Trading will roll out in phases for the TOSHI-USD pair, with potential restrictions in certain regions.
Binance to Launch ANIME on Binance HODLer Airdrops
According to official announcements, Binance HODLer Airdrops has launched its sixth project, Animecoin (ANIME).
Binance will list ANIME at 22:00 on January 23, 2025 (UTC+8), opening trading pairs against USDT, USDC, BNB, FDUSD, and TRY.
Sun Yuchen: If I Led the Ethereum Foundation, ETH Would Reach $10,000
Sun Yuchen posted a plan titled “If I Led the Ethereum Foundation” on social media platform X, outlining his first-week agenda.
The plan includes four main components:
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Immediately halt ETH sales for at least three years, covering operational costs through AAVE lending, staking yields, and stablecoin borrowing;
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Impose heavy taxes on all Layer 2 projects to generate at least $5 billion annually for ETH buybacks and burns;
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Streamline the Ethereum Foundation’s staffing structure while increasing salaries for retained employees;
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Reduce validator rewards and strengthen fee-burning mechanisms. Sun claims these measures could push ETH above $4,500 within the first week.
Lido Founder Establishes “Second Foundation” for Ethereum
On January 22, according to Cointelegraph, Konstantin Lomashuk, founder of Lido and P2P.org, announced the creation of a “Second Foundation” for Ethereum.
Ethereum Co-founder: ETF Issuers Actively Preparing Staked Ethereum ETFs, Confident in Approval Under New SEC Leadership
According to Cointelegraph, Ethereum co-founder Joe Lubin revealed that ETF issuers are actively preparing staked Ethereum ETFs and are confident about gaining approval under the new SEC leadership. Lubin said issuers are working hard to develop optimal solutions for clients to manage complexities related to staking and penalty mechanisms, which would enhance ecosystem resilience and client diversity.
Currently, approximately 33.7 million ETH (worth around $113 billion) are staked, representing 28% of total supply. On January 21, the SEC established a cryptocurrency task force led by crypto-friendly commissioner Hester Peirce, tasked with developing a regulatory framework for digital assets. In an interview last December, Peirce hinted that the new leadership might steer crypto policy toward greater friendliness.
Former Polygon finance executive Young Ko believes that having Peirce lead the crypto task force benefits industry development, noting her deep understanding of technology and support for innovation. Investment bank Bernstein Research predicts that a pro-crypto SEC chair appointed under Trump’s administration would likely approve staked ETH yield-based ETFs.
Binance Alpha Adds MAXONSOL and TRISIG
Official news confirms that Binance Alpha has added MAXONSOL and TRISIG.
Market Data
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