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Franklin Templeton has filed to issue an ethereum spot ETF. At the same time, he is preparing to launch the AUS-Sui Blockchain Academy through a partnership between the Sui Foundation and the American University of Sharjah. So far, the pre-sale of KangaMoon is ongoing. KANG is trading at $0.005.
Another company files to issue an ethereum spot ETF
Franklin Templeton has archived issue a spot ethereum ETF, which will allow the company to provide its clients with access to ethereum.
The fund can also participate in ethereum's consensus mechanism and earn rewards for staking.
Other financial giants, such as Ark 21Shares and BlackRock, have also filed for ethereum spot ETFs.
The US SEC has not yet approved any of these requests.
eth rose 14.6% last week.
Sui Foundation partners with UAE University
Sui launched AUS-Sui Blockchain Academy 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 of innovation and education in the field of technology and blockchain.
SUI hit an all-time high of $1.81 following the announcement.
KangaMoon pre-sales grow
Kanga Luna It is popular among investors and meme coin enthusiasts.
The project has already sold more than half of its tokens in the pre-sale, and investors are joining to be part of the next community that will focus on meme coin culture, social fiction, and money-making games.
KANG is the utility token of the KangaMoon ecosystem and will power in-game activities and other features.
Holders can participate in weekly, monthly and quarterly competitions to increase 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 filing for an ethereum spot ETF.
If approved, altcoins like KangaMoon will likely rebound in 2024.
The first pre-sale stage of KangaMoon is almost ending and its price could rise to $0.0075.
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