Bullish Buys CoinDesk From DCG

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Daily News:

Fidelity Filed Paperwork to Launch an ETH ETF

Bullish Buys CoinDesk From DCG

Vega Protocol Introduces Perpetual Futures

Fidelity Filed Paperwork to Launch an ETH ETF:

• Fidelity has entered the competition to launch the first spot Ether exchange-traded fund (ETF), shortly after Ethereum futures ETFs were introduced, demonstrating the company's increasing focus on cryptocurrency investment products.

• CEO Abigail Johnson's firm has a history of embracing digital assets, exemplified by their pioneering Digital Assets Account (DAA) retirement plan, and is expanding its cryptocurrency offerings with recent initiatives like a hiring surge and the launch of the EDX digital assets marketplace in collaboration with Charles Schwab and Citadel Securities.

• Fidelity's move into Ether ETFs, following a similar filing for a Bitcoin ETF and amidst growing interest from its customers in digital assets, signifies a significant shift in traditional finance institutions actively incorporating cryptocurrencies into their investment portfolios.

Bullish Buys CoinDesk From DCG:

• Bullish, a cryptocurrency exchange, has acquired the media company CoinDesk from Digital Currency Group (DCG), with the financial terms of the all-cash deal remaining undisclosed as reported by The Wall Street Journal.

• As part of the acquisition, Bullish intends to invest in CoinDesk's growth initiatives and has affirmed its support for the media company's journalistic independence, establishing an independent Editorial Committee led by former Wall Street Journal Editor-in-Chief Matt Murray.

• The current management of CoinDesk, under CEO Kevin Worth, will continue post-acquisition, and Bullish, a subsidiary of Block.one, plans to introduce perpetual futures trading on its platform, leveraging its significant bitcoin holdings and EOS blockchain technology.

Vega Protocol Introduces Perpetual Futures:

• Vega Protocol, a trading-focused blockchain network, has launched perpetual futures markets, adding to its existing suite of offerings like cash-settled futures markets since its mainnet debut in March.

• The platform's perpetual futures feature on-chain governance, enabling the community to propose and vote on new market assets and use Ethereum smart contracts for price oracles, with the flexibility to settle in any ERC-20 token.

• Since its alpha mainnet launch, Vega has recorded over $850 million in futures trading volume. The protocol is designed for high-performance derivatives trading, featuring a decentralized limit order book and a Tendermint proof-of-stake consensus, with its Vega token currently valued at a market cap of $71.4 million.

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