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Ethereum Developers Challenge Unstoppable Domains

ENS developers confront Unstoppable Domains over patent issues while major financial moves in crypto ETFs unfold.
Published on 2023-11-18

ENS Developers Challenge Unstoppable Domains

Ethereum Name Service (ENS) developers are taking a firm stand against Unstoppable Domains, urging them to drop a contentious blockchain technology patent. ENS founder and lead developer Nick Johnson has publicly addressed the issue, indicating that failure to comply could lead to legal action. This bold move highlights ongoing tensions in the Web3 space as companies vie for technological dominance.

WisdomTree Adjusts Bitcoin ETF Filing

Amidst these developments, asset manager WisdomTree has taken significant steps in its pursuit of a Bitcoin exchange-traded fund (ETF). By filing an amended Form S-1 with the U.S. Securities and Exchange Commission (SEC), WisdomTree aims to advance its ETF ambitions in a regulatory environment where crypto decisions are eagerly anticipated. This filing reflects the growing interest and competition among financial entities to secure a foothold in the burgeoning crypto market.

CoinShares and Valkyrie Funds Deal

In parallel, Europe-based CoinShares has secured exclusive rights to purchase Valkyrie Funds' crypto ETFs in the U.S. This strategic move underscores CoinShares’ expansion efforts and desire to enhance its offerings in the rapidly evolving cryptocurrency landscape. The potential acquisition positions CoinShares to capitalize on the increasing demand for diversified crypto investment products.

These developments collectively illustrate a dynamic period in the cryptocurrency sector, characterized by strategic maneuvers and the pursuit of regulatory approval to gain market traction. As the industry continues to mature, such initiatives are likely to shape the future of digital asset management and blockchain innovation.

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