The Daily: FalconX acquires 21Shares, Kadena shuts down, MegaETH launches public sale, and more
FalconX is acquiring 21Shares, Kadena is winding down operations, and MegaETH is launching a public token sale.Summary
The daily crypto news roundup highlights several major developments: institutional crypto prime broker FalconX has reportedly agreed to acquire 21Shares, a major digital asset ETP manager, aiming to combine their expertise in derivatives and ETPs. Separately, the organization behind the Kadena Layer 1 blockchain announced it is winding down operations immediately due to market conditions, causing its native KDA token to drop significantly. Furthermore, Ethereum scaling solution MegaETH plans to conduct a three-day English auction for 5% of its MEGA token supply, starting October 27, with a $1 million fully diluted valuation. Other news includes the SEC and CFTC pushing to finalize crypto oversight goals by year-end and a high volume of 155 cryptocurrency ETF filings awaiting SEC review.
(Source：The Block)