{"id":399098,"date":"2024-02-22T09:52:43","date_gmt":"2024-02-22T09:52:43","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=399098"},"modified":"2024-02-22T09:55:10","modified_gmt":"2024-02-22T09:55:10","slug":"coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/","title":{"rendered":"Coinbase backs Grayscale&#8217;s Ethereum ETF bid, spotlighting ETH as a commodity"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a> has endorsed <a href=\"https:\/\/cryptoslate.com\/companies\/grayscale-investments\/\">Grayscale's<\/a> bid to convert its <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a> (ETH) Trust into an exchange-traded fund (ETF) in a Feb. 21 <a href=\"https:\/\/assets.ctfassets.net\/c5bd0wqjc7v0\/5ffEPeAh1qv8p7BksKFctz\/e17307dfe5d692002c6f842807ff4272\/Grayscale_Ether_ETP_Application_--_Coinbase_Response_Letter_to_SEC.pdf\">letter<\/a> addressed to the Securities and Exchange Commission (SEC).<\/p>\n<p>Coinbase's chief legal officer, Paul Grewal, said the exchange's letter provided the legal, technical, and economic arguments supporting spot Ethereum funds' approval. He <a href=\"https:\/\/x.com\/iampaulgrewal\/status\/1760429426490380535?s=20\">added<\/a>:<\/p>\n<blockquote><p>&#8220;Our letter lays out what anyone knows who's paid even the slightest bit of attention to the subject: ETH is not a security. In fact, before and after the Merge, the SEC, the CFTC, and the market have treated ETH not as a security but a commodity.&#8221;<\/p><\/blockquote>\n<p>Coinbase's endorsement comes amid increasing <a href=\"https:\/\/cryptoslate.com\/spot-eth-etfs-have-50-chance-of-may-approval-bitwise-grayscale-galaxy-execs\/\">anticipation<\/a> in the crypto market for a <a href=\"https:\/\/cryptoslate.com\/sp-global-warns-of-spot-ethereum-etfs-impact-on-staking-concentration\/\">spot Ethereum ETF,<\/a> mirroring the market enthusiasm surrounding spot Bitcoin ETFs. Notably, prominent asset managers like <a href=\"https:\/\/cryptoslate.com\/sec-delays-blackrocks-spot-ethereum-etf-decisions-are-still-due-in-may\/\">BlackRock<\/a> and <a href=\"https:\/\/cryptoslate.com\/sec-delays-fidelitys-ethereum-spot-etf-but-decisions-are-still-expected-in-may\/\">Fidelity<\/a>, among others, have also filed for their own Spot Ethereum ETFs.<\/p>\n<h2>Why spot ETH ETFs should be approved<\/h2>\n<p>Coinbase outlined five critical points in its letter advocating for the financial regulators' approval of an Ethereum ETF.<\/p>\n<p>Firstly, it emphasized Ethereum's recognition as a commodity, citing instances such as the regulation of<a href=\"https:\/\/cryptoslate.com\/ethereum-futures-etfs-launch-with-modest-first-day-of-trading\/\"> ETH futures<\/a> by the Commodity Futures Trading Commission (CFTC), public statements from Commission officials, and federal court rulings.<\/p>\n<p>Secondly, Coinbase drew parallels with the SEC's recent endorsement of spot Bitcoin ETFs, asserting that this precedent should apply similarly, if not more forcefully, to the listing and trading of ether ETF shares.<\/p>\n<p>The company also highlighted Ethereum's Proof-of-Stake mechanism as evidence of robust governance, highlighting factors like ownership distribution, liquidity, and resilience against fraudulent activities.<\/p>\n<p>Additionally, Coinbase pointed out that Ethereum's spot trading activity, high liquidity, and tight spreads in the market indicate its efficiency and maturity. It further emphasized ETH's substantial notional dollar trading volume, surpassing many S&P 500 stocks.<\/p>\n<blockquote><p>&#8220;ETH\u2019s notional dollar trading volume is significantly greater than the vast majority of the stocks that comprise the S&P 500, including when adjusted for aggregate market value,&#8221; Coinbase added.<\/p><\/blockquote>\n<p>Lastly, Coinbase highlighted its sophisticated market surveillance capabilities to monitor ETH spot market trading and prevent fraudulent practices, along with its partnership with the Chicago Mercantile Exchange.<\/p>\n<p>In conclusion, Coinbase argued that approving Grayscale's ETF proposal would align with SEC principles and represent a prudent decision for regulators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase has endorsed Grayscale&#8217;s bid to convert its Ethereum (ETH) Trust into an exchange-traded fund (ETF) in a Feb. 21 letter addressed to the Securities and Exchange Commission (SEC). Coinbase&#8217;s chief legal officer, Paul Grewal, said the exchange&#8217;s letter provided the legal, technical, and economic arguments supporting spot Ethereum funds&#8217; approval. He added: &#8220;Our letter [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":399105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,78665,77968],"tags":[76714,76718,72190,74981],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase backs Grayscale&#039;s Ethereum ETF bid, spotlighting ETH as a commodity<\/title>\n<meta name=\"description\" content=\"Crypto exchange Coinbase asserted that Ethereum is not a security in support of Grayscale&#039;s proposal to convert its ETH Trust to an ETF.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase backs Grayscale&#039;s Ethereum ETF bid, spotlighting ETH as a commodity\" \/>\n<meta property=\"og:description\" content=\"Crypto exchange Coinbase asserted that Ethereum is not a security in support of Grayscale&#039;s proposal to convert its ETH Trust to an ETF.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T09:52:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-22T09:55:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/02\/ethereum-coinbase.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/hardeyjumoh\",\"https:\/\/www.linkedin.com\/in\/oluwapelumi-adejumo\",\"https:\/\/muckrack.com\/oluwapelumi-adejumo\"]},\"headline\":\"Coinbase backs Grayscale&#8217;s Ethereum ETF bid, spotlighting ETH as a commodity\",\"datePublished\":\"2024-02-22T09:52:43+00:00\",\"dateModified\":\"2024-02-22T09:55:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/\"},\"wordCount\":394,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"keywords\":[\"Coinbase\",\"ETF\",\"ethereum\",\"SEC\"],\"articleSection\":[\"Crypto\",\"ETF\",\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/\",\"url\":\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/\",\"name\":\"Coinbase backs Grayscale's Ethereum ETF bid, spotlighting ETH as a commodity\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2024-02-22T09:52:43+00:00\",\"dateModified\":\"2024-02-22T09:55:10+00:00\",\"description\":\"Crypto exchange Coinbase asserted that Ethereum is not a security in support of Grayscale's proposal to convert its ETH Trust to an ETF.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Coinbase backs Grayscale&#8217;s Ethereum ETF bid, spotlighting ETH as a commodity\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/b333928a322ba4c082e8bb2ad0f14eb6\",\"name\":\"Oluwapelumi Adejumo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-150x150.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"description\":\"Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.\",\"jobTitle\":\"Reporter\",\"worksFor\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Coinbase backs Grayscale's Ethereum ETF bid, spotlighting ETH as a commodity","description":"Crypto exchange Coinbase asserted that Ethereum is not a security in support of Grayscale's proposal to convert its ETH Trust to an ETF.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/","og_locale":"en_US","og_type":"article","og_title":"Coinbase backs Grayscale's Ethereum ETF bid, spotlighting ETH as a commodity","og_description":"Crypto exchange Coinbase asserted that Ethereum is not a security in support of Grayscale's proposal to convert its ETH Trust to an ETF.","og_url":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/","og_site_name":"CryptoSlate","article_published_time":"2024-02-22T09:52:43+00:00","article_modified_time":"2024-02-22T09:55:10+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/02\/ethereum-coinbase.jpg","type":"image\/jpeg"}],"author":"Oluwapelumi Adejumo","twitter_card":"summary_large_image","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Oluwapelumi Adejumo","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person","name":"Oluwapelumi Adejumo","url":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg","caption":"Oluwapelumi Adejumo"},"jobTitle":"Senior Reporter","description":"Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/x.com\/hardeyjumoh","https:\/\/www.linkedin.com\/in\/oluwapelumi-adejumo","https:\/\/muckrack.com\/oluwapelumi-adejumo"]},"headline":"Coinbase backs Grayscale&#8217;s Ethereum ETF bid, spotlighting ETH as a commodity","datePublished":"2024-02-22T09:52:43+00:00","dateModified":"2024-02-22T09:55:10+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/"},"wordCount":394,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"keywords":["Coinbase","ETF","ethereum","SEC"],"articleSection":["Crypto","ETF","Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/","url":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/","name":"Coinbase backs Grayscale's Ethereum ETF bid, spotlighting ETH as a commodity","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2024-02-22T09:52:43+00:00","dateModified":"2024-02-22T09:55:10+00:00","description":"Crypto exchange Coinbase asserted that Ethereum is not a security in support of Grayscale's proposal to convert its ETH Trust to an ETF.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/coinbase-backs-grayscales-ethereum-etf-bid-spotlighting-eth-as-a-commodity\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Coinbase backs Grayscale&#8217;s Ethereum ETF bid, spotlighting ETH as a commodity"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/b333928a322ba4c082e8bb2ad0f14eb6","name":"Oluwapelumi Adejumo","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-150x150.jpg","caption":"Oluwapelumi Adejumo"},"description":"Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.","jobTitle":"Reporter","worksFor":"CryptoSlate","url":"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/399098"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/720"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=399098"}],"version-history":[{"count":4,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/399098\/revisions"}],"predecessor-version":[{"id":399124,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/399098\/revisions\/399124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/399105"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=399098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=399098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=399098"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=399098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}