Thursday | Crypto

The era of memecoin exchange-traded funds has begun in the United States, according to Bloomberg’s Eric Balchunas. The United States’ first memecoin exchange-traded fund (ETF) is set to debut on Thursday, marking the latest step in the expansion of regulated crypto products after the successful rollout of Bitcoin and Ether funds last year. In a social media post on Tuesday, Bloomberg ETF analyst Eric Balchunas said the Rex-Osprey Doge ETF (DOJE) is set to debut Thursday. “Pretty sure this is the first-ever US ETF to hold something that has no utility or purpose,” Balchunas said. Read more

Polygon Foundation CEO Sandeep Nailwal described the upcoming Heimdall 2.0 upgrade as the “most complex” Polygon hard fork since 2020. Polygon is set to deploy its most complex hard fork to date on Thursday, upgrading its proof-of-stake blockchain with a new consensus layer dubbed Heimdall 2.0. In an X post, Polygon Foundation CEO Sandeep Nailwal said the upgrade enhances the backbone of Polygon’s proof-of-stake (PoS) blockchain. It will replace legacy components dating back to 2018 and 2019 with newer infrastructure.  “This is the most technically complex hard fork Polygon PoS has seen since its launch in 2020,” Nailwal wrote, adding that it will improve finality, user experience and the network’s upgradeability.  Read more