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APR
28
Here’s what happened in crypto today
By:
Cointelegraph by Cointelegraph
on
APR
28
Today in crypto, crypto exchange Coinbase announced the launch of its Bitcoin Yield Fund on May 1 to offer 4%–8% returns for institutional investors seeking passive income on Bitcoin holdings, Bitget sent legal letters to users it accused of manipulating token contracts, and US President Donald Trump said federal income taxes will be reduced or eliminated.Coinbase to launch yield-bearing Bitcoin fund for institutionsCoinbase, the world’s third-largest cryptocurrency exchange by volume, is launching the Coinbase Bitcoin Yield Fund on May 1, aiming to offer Bitcoin (BTC) exposure for institutional investors outside the US.The fund targets an annual net return of 4% to 8% on Bitcoin holdings, according to an April 28 blog post by Coinbase.“To address the growing institutional demand for bitcoin yield, Coinbase Asset Management is excited to introduce the Coinbase Bitcoin Yield Fund (CBYF),” the company wrote.The fund is backed by multiple investors
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APR
28
Ethereum Fusaka scheduled for late 2025: EVM upgrade likely included
By:
Cointelegraph by Adrian Zmudzinski
on
APR
28
Ethereum’s Fusaka hard fork is expected to take place in the third or fourth quarter of this year, according to an Ethereum Foundation official.In an April 28 X post, Ethereum Foundation co-executive director Tomasz Kajetan Stańczak said that the organization is aiming to deploy the Fusaka Ethereum network upgrade in Q3 or Q4 2025. Still, the exact rollout schedule has not been decided yet.The comments come amid controversies over the upcoming implementation of the EVM object format (EOF) upgrade for the Ethereum Virtual Machine (EVM). As Stańczak pointed out, EOF is expected to be a part of the Fusaka network upgrade.Source: Tomasz Kajetan StańczakThe EVM is the software that runs Ethereum smart contracts. EOF would implement a series of protocol changes, known as Ethereum improvement proposals (EIPs), with profound implications for how it operates. EOF introduces an extensible and versioned container format for the smart contract bytecode that is verified once
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