Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more

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Investment firm 21Shares filed with the Securities and Exchange Commission late on May 31 to remove ARK Invest from its proposed spot Ether ETF.

This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving.

In a sudden decision, investment firm 21Shares submitted a filing to the Securities and Exchange Commission in the late afternoon of Friday, May 31, to rename its proposed spot Ether and will hold the NFT and the physical version until Siu settles the loan. The violin once belonged to the Russian Empress Catherine the Great.the blockchain research and engineering company Toposware, its third zero-knowledge startup investment in three years.

round. The Series A funding saw participation from multiple venture capital firms and angel investors, including Altos Ventures, Alliance DAO, Hashkey, Elixir Capital, Spark Digital Capital and RW3 Ventures, among others. In total, the company has raised $75 million across various funding rounds. Avail is headed by Arjun, a co-founder of Polygon, who aims to address three major challenges within the Web3 ecosystem: blockchain fragmentation, insufficient data availability and limited scalability.

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