EddieJayonCrypto

 29 Jul 24

tl;dr

21Shares has integrated Chainlink’s Proof of Reserve on the Ethereum mainnet to increase transparency about ETH reserves supporting the 21Shares Core Ethereum ETF (CETH), affirming CETH as a true holder of Ether (ETH), the second-largest crypto by market cap. Chainlink was chosen for its decentraliz...

21Shares has integrated Chainlink’s Proof of Reserve on the Ethereum mainnet to increase transparency about ETH reserves supporting the 21Shares Core Ethereum ETF (CETH), affirming CETH as a true holder of Ether (ETH), the second-largest crypto by market cap. Chainlink was chosen for its decentralized platform for computation. The integration gives complete visibility to ETH reserves underlying CETH, providing real-time reserve data and history through an off-chain feed that pulls data directly from Coinbase. This ensures transparent and secure collateralization, with the total value of more than $12 trillion enabled in on-chain markets by the Chainlink platform. CEO Johann Eid of Chainlink Labs highlighted the partnership's importance for enhancing transparency and promoting the adoption of digital assets, enabling worldwide seamless tokenization for financial institutions. The move follows the approval of the first spot Ethereum ETFs in the United States and aims to foster confidence and openness among investors. Chainlink Proof of Reserve offers benefits including automated on-chain verification, decentralization, and transparency.

BlackRock has warned about an increase in investment-related scams involving cryptocurrency investment websites and social media platforms, advising the public to remain vigilant. Additionally, Chainlink's CEO Johann Eid emphasized the critical role of this partnership in enhancing transparency and promoting the adoption of digital assets, enabling financial institutions to achieve worldwide seamless tokenization.

More about Telephone and Data Systems Inc

Company: Telephone and Data Systems Inc

Industry: Technology, Telephone Communications (No Radiotelephone)

Market Cap: 2385493000

Dividend Yield: 0.745

EPS: -4.88

P/E Ratio: 45.3

Beta: -0.0936

Revenue: 5119000000

ROE: 21

Net Margin: -0.118

Current Ratio: -0.031

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