🚨 Top Crypto News Today – What’s Shaking the Markets?

Author

CoinGape Media
March 12, 2025

News

Fresh Filing To Include Staking In Fidelity’s Ethereum ETF

Cboe BZX Exchange has filed a proposal with the US Securities and Exchange Commission (SEC) to amend the Fidelity Ethereum ETF. According to the filing, the move seeks to introduce ETH staking in the fund, allowing investors to reap additional rewards.

A community reading of the documents reveals that Cboe BZX is seeking the elimination of a clause that specifically bars staking in the ETH. Under the new proposal, Cboe BZX Exchange wants the SEC to approve staking functionalities under certain guidelines.

“The Sponsor may stake, or cause to be staked, all or a portion of the Trust’s ether through one or more trusted staking providers,” read the filing.

Cboe says the application for staking has statutory backing and will ultimately assist the Trust “to better track the returns associated with holding ether.” Ethereum introduced staking in 2022 following its transition from a Proof-of-Work to a Proof-of-Stake consensus mechanism.

ByBit Hack: EU Considers Sanctions on OKX Over Stolen Crypto Laundering

According to a Bloomberg report, hackers laundered $100 million in crypto from the ByBit hack through OKX’s Web3 service. The stolen assets were primarily Ethereum (ETH) and were moved through decentralized platforms and cross-chain bridges. The incident is considered one of the most sophisticated cyberattacks on the crypto industry.

EU regulators are debating whether the top crypto exchange’s Web3 platform should be classified under MiCA rules. Some authorities argue that its integration with OKX’s main platform makes it subject to regulatory oversight. Others contend that fully decentralized platforms are exempt from MiCA, complicating the decision on penalties.

Crypto regulations have been a big discussion, with ongoing debates about their impact on innovation. Most recently, Acting SEC Chair Mark Uyeda announced plans to reconsider a proposed rule that could have classified DeFi exchanges as regulated entities. Uyeda directed SEC staff to explore abandoning the Regulation ATS expansion, citing industry concerns over excessive compliance burdens.