Fidelity Hiring For Ether (ETH) Custody & Trading Services – June 1

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $30,409

Bitcoin price has retreated back to the $30,000 today, following a retest of the $32,000 level yesterday.

Top-20 altcoins have also erased much of their advances, as Ethereum and BNB each drop 6%, Cardano falls 10% and Tron stands out with a 10% gain.

Top Stories for June 1, 2022 πŸ”₯

πŸ‘‰ Fidelity Hiring For Ether (ETH) Custody & Trading Services

Asset management giant Fidelity is hiring over 200 new employees to create custody and trading services for Ether (ETH), according to a report from the Wall Street Journal.

The potential hires are being made by subsidiary company Fidelity Digital Asset Services LL and includes 110 tech workers including developers and engineers, along with 100 customer service specialists.

Fidelity appears to be beginning to place a larger emphasis on cryptocurrency, recently announcing that it would enable investors to allocate up to 20% of their 401k to Bitcoin.

πŸ‘‰ Goldman Sachs Reportedly Looking At Crypto Derivatives, FTX Integration

Leading investment bank Golden Sachs is reportedly looking at onboarding derivatives products into those offered by FTX.US – as FTX seeks to offer brokerage services for its derivatives.

The partnership would benefit FTX by enabling the exchange to handle collateral and margin requirements internally rather than depending of futures commission merchants. The two companies have already been in talks for help regarding regulations and public listing.

πŸ‘‰ Binance Labs Raises $500M For New Investment Fund

Binance Labs has raised $500 million for its first ever fund using outside capital. The fund was backed by DST Global Partners, Breyer Capital and several other unnamed private equity funds, family offices and corporations.

The fund will focus on startups looking to increase crypto adoption, including projects at the incubation, early-stage development and late-stage growth phase.