The Meme Games presale has experienced a notable uptick in demand this week. With the Paralympic Games beginning, the urgency to buy MGMES is rising. This is because the presale will end on the same day as the Paralympic closing ceremony. Per the project’s website, MGMES will launch on exchanges on 10 September 2024. The Paralympic Games closing ceremony will be a peak attention time for the Olympics, and the idea is that this will mark the perfect opportunity for MGMES to debut. However, the project is not just counting on hype to bolster its price – the team has encapsulated the thrill of the Olympic Games through its own competitive game.
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London-based cryptocurrency custodian Copper is expanding institutional access to the Hedera blockchain via a partnership announced on Tuesday. In particular, Copper will provide custody and staking services for Hedera’s HBAR -3.90% token and operate an on-ramp into the Hedera DeFi ecosystem. Hedera, a public, decentralized network that uses a bespoke algorithm known as a “hashgraph,” is particularly focused on the emerging world of asset tokenization. Earlier this year blockchain firms Archax and Ownera issued a BlackRock Treasury fund on Hedera — though without BlackRock’s direct involvement. "Institutional investors now have a streamlined and secure path into the Hedera ecosystem thanks to Copper's integration,” Shayne Higdon, co-founder and CEO of the HBAR Foundation, told The Block in an email.
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Eight newly approved spot ether (ETH) exchange-traded funds got off to a busy start following their debut this week, despite lacking a key feature of Ethereum's native token: staking income. While the Grayscale Ethereum Trust (ETHE), which has existed in non-ETF form for years but just converted into an ETF, has seen about $811 million of outflows, new products from the likes of BlackRock saw almost $800 million deposited in the first two days. Issuers say they're pleased. This early success wasn't a given, especially after several issuers announced that they would not stake ether for yield, which they had initially planned to do in earlier filings. This was likely due to the U.S. Securities and Exchange Commission telling them to remove the feature as staking could potentially violate federal securities laws as it constitutes unregistered securities offerings, as the SEC had previously argued in other cases.
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