Franklin Templeton files for spot Ethereum ETF, Sui and KangaMoon unveil new initiatives
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Franklin Templeton has applied to issue a spot Ethereum ETF. At the same time, the launch of the AUS-Sui Blockchain Academy through a partnership between the Sui Foundation and the American University of Sharjah is in the works. So far, the KangaMoon presale is ongoing. KANG is trading for $0.005.
Another firm files to issue a spot Ethereum ETF
Franklin Templeton has filed to issue a spot Ethereum ETF, allowing the company to provide its clients access to Ethereum.
The fund may also participate in Ethereum’s consensus mechanism and earn staking rewards.
Other financial giants, such as Ark 21Shares and BlackRock, have also filed for spot Ethereum ETFs.
The U.S. SEC is yet to approve any of these applications.
ETH is up 14.6% in the past week.
Sui Foundation partners with UAE University
AUS-Sui Blockchain Academy has been launched by Sui in collaboration with the American University of Sharjah (AUS).
This academy will allow developers to learn more about blockchain technology.
The partnership aligns with the strategic vision of the Emirate of Sharjah, which aims to become a hub for innovation and education in the field of technology and blockchain.
SUI reached an all-time high of $1.81 following the announcement.
KangaMoon presale growing
KangaMoon is popular among meme coin enthusiasts and investors.
The project has already sold over half of its tokens in the presale, and investors are joining to be part of the upcoming community that will focus on meme coin culture, social-fi, and play-to-earn gaming.
KANG is the utility token of the KangaMoon ecosystem and will power in-game activities and other functions.
Holders can participate in weekly, monthly, and quarterly competitions to grow their holdings before the game’s official launch.
The KangaMoon project has potential due to its link to the play-to-earn NFT gaming market, which is expected to grow at a CAGR of 17.93% by 2028.
Conclusion
Institutional investors are interested in cryptocurrencies, as evidenced by Franklin Templeton’s application for a spot Ethereum ETF.
If approved, altcoins like KangaMoon will likely rally in 2024.
The first presale stage for KangaMoon is almost ending, and its price could increase to $0.0075.
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