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Bitwise donated $100,000 to the Protocol Guild and the Proposer Builder Separation (PBS) Foundation, marking its first annual contribution for 2024. The donation follows a commitment made last year by both VanEck and Bitwise to allocate 10% of their profits from their Ethereum ETFs to support Ethereum development over the next decade. The Bitwise ETHW ETF was launched on the NYSE Arca in July 2024, offering investors a way to invest in Ethereum without having to own the asset directly. The fund currently holds more than 100,000 Ether. The Protocol Guild is a collective comprised of over 150 Ethereum core contributors.
The SEC voluntarily withdrew its appeal against a lawsuit concerning the dealer rule, initially brought by the Crypto Freedom Alliance of Texas and the Blockchain Association. A Texas court had previously sided with the Blockchain Association in November, which argued that the rule unfairly targeted entities in the DeFi markets. Introduced last year, the dealer rule aimed to extend broker regulatory requirements to DeFi protocols. However, the rule was deemed unenforceable by the court. The SEC's decision to step back today represents a significant victory for DeFi, following a series of challenges under the previous administration.
Privacy Pools, a tool designed to facilitate anonymous transfers, initiated its ZK circuit ceremony. The ceremony is open for 9 days and invites participants to contribute signatures to the protocol’s trusted setup, To participate, individuals must have a GitHub account. Privacy Pools enables users to deposit ETH into a smart contract and withdraw it later using a zero-knowledge proof, which keeps the deposit and withdrawal addresses unlinked. Privacy Pools offers configurable privacy sets, allowing users to avoid association with known bad addresses during withdrawals.
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Ethereum News - 13th June 2023 📰 - Uni V4 draft code 🦄 - Orbiter Cross Rollup Protocol 🛸 - Impact of finality incidents 📊 - L2 MEV landscape 🤖 Read more: https://ethdaily.io/651