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As the initial excitement surrounding Bitcoin ETFs approved by the US Securities and Exchange Commission (SEC) subsides, investors are redirecting their attention to the potential launch of an ETH spot ETF. This shift in focus sets the stage for Ethereum’s ascendancy. Meanwhile, top crypto coins like Quant (QNT) and InQubeta (QUBE) have emerged as promising contenders in the crypto arena. Focus shifting to Ethereum ETFs The initial buzz following the SEC decision on Bitcoin ETF is fading, evidenced by Bitcoin’s recent drop. According to insights from crypto trading firm QCP Capital, the narrative has pivoted towards the prospect of an Ethereum spot ETF, contributing to Ethereum’s recent surge. QCP Capital shared that they saw $9.8 billion in trading volume covering all 11 ETFs recently. The Grayscale Bitcoin Trust (GBTC) played a big part, contributing a hefty $4.6 billion to that impressive total. However, sinc...

Yuga Labs, a firm behind the Bored Ape Yacht Club NFTs, has completed restructuring to focus on its upcoming metaverse project Otherside. Yuga Labs, a company behind the major nonfungible token (NFT) project, Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing challenges in the industry. Yuga Labs CEO Daniel Alegre took to X (formerly Twitter) on Oct. 17 to report that the company has finalized its restructuring that was announced in early October. “We now begin the task of refining the focus with our new team configurations,” Alegre said, reiterating that the company will prioritize the execution of Otherside, a gamified and interoperable metaverse project that Yuga started in March 2022. Alegre emphasized that building an “immersive metaverse” platform is hard both technically and creatively, adding: “Otherside is a very important bet for Yuga and when our creative team brought the concept for Meetropolis up to my leadership team, making it a tentpole experi...