Bitwise’s Stablecoin & Tokenization ETF would track companies tied to stablecoins and tokenization sectors, as demand for onchain assets accelerates under new US rules. Bitwise filed with the US Securities and Exchange Commission (SEC) to launch the “Stablecoin & Tokenization ETF,” an exchange-traded fund designed to track an index split between companies tied to stablecoins and tokenization. According to a Tuesday filing, the proposed ETF will track an index featuring companies from stablecoin issuers, infrastructure providers, payment processors, exchanges and retailers to regulated crypto exchange-traded products (ETPs) with exposure to Bitcoin (BTC) and Ether (ETH). The index, which will go through quarterly rebalances, is split into two equally weighted sleeves: an equity sleeve and a crypto asset sleeve, each making up half of the fund. The equity sleeve will focus on companies most directly tied to stablecoins and tokenization, while the crypto asset sleeve will provide exposure to blockchain infrastru...
Davide Crapis says the Ethereum Foundation’s new AI team wasn’t part of the roadmap but grew out of grassroots demand. The Ethereum Foundation’s new push into artificial intelligence was not part of its roadmap, but emerged in response to demand from ecosystem projects, according to new team lead Davide Crapis. While not a direct policy shift, the move represents “another step” for the long-term success of the protocol. “Our ecosystem needs this,” Crapis told Cointelegraph. The newly formed AI team will essentially have a foot in two main sides of the Ethereum Foundation: the protocol and ecosystem divisions. The dual focus targets product development and preparing Ethereum to onboard traditional AI developers. Read more
The House Rules Committee could add the CBDC bill to the final version of the market structure bill, but may not impact the Senate's own version of the legislation. The US House of Representatives may have a shorter legislative path to bar the Federal Reserve from issuing a central bank digital currency (CBDC) by using a market structure bill it passed in July. In a Monday hearing of the House Rules Committee, a draft agenda showed a proposal to add the text of the Anti-CBDC Surveillance State Act — also passed by the chamber in July, albeit by a narrow margin — to the Digital Asset Market Clarity Act. The engrossment method would add the CBDC bill to the final version of the existing market structure bill sent to the Senate for consideration. Read more