Author: James Wilson

More than one in three US crypto traders have cut everyday spending due to current market conditions, according to a new CEX.IO survey.  Summary CEX.IO found 36% of US crypto traders reduced daily spending due to current market conditions. About 37% delayed or cancelled purchases, including homes, cars, and renovation plans amid crypto losses. Despite the downturn, 79% of respondents plan to hold or increase crypto positions. The exchange surveyed 1,100 active US-based users. The survey found that 36% of respondents reduced daily expenses because of the crypto downturn. Another 10% said those cuts involved major sacrifices to keep their…

Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound have asked the Arbitrum DAO to release 30,765.67 ETH tied to the Kelp DAO exploit recovery plan.  Summary Aave and Kelp want Arbitrum DAO to release 30,765 ETH for rsETH recovery efforts. The funds would move to a Gnosis Safe managed by Aave, Kelp and Certora. Some Arbitrum delegates warned that the 49-day governance process may delay urgent recovery plans. The assets were frozen by the Arbitrum Security Council after being linked to the exploiter. The frozen ETH is worth about $71 million, based on Ethereum trading near $2,317 at the time…

JPMorgan says tokenization could change how the funds industry operates, including the exchange-traded fund market.  Summary JPMorgan said tokenization could reshape ETFs and the wider funds industry over the coming years. Ciarán Fitzpatrick said strong ETF tokenization use cases may still be a few years away. Tokenized ETFs could support faster settlement, improved redemption, and wider access beyond normal market hours. Ciarán Fitzpatrick, JPMorgan’s global head of ETF product, said tokenization may affect ETFs and wider fund products over time. “We believe tokenization will certainly drive how the market changes, not just for ETFs but across the funds industry as…