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ProShares to launch two Ethereum leveraged ETFs

According to financial reports, ETF provider ProShares announced that it will launch two Ethereum-pegged ETFs: ETHT and ETHD. The ProShares Ultra Ether ETF (ETHT) targets a 2x daily return on Ethereum, while the ProShares UltraShort Ether ETF (ETHD) will be the first such product to be listed in the United States, targeting a -2x daily return on Ethereum. Both ETFs are expected to be listed on the New York Stock Exchange on Friday, June 7.

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Finloop, a subsidiary of Fosun International, is applying for a license and plans to expand into virtual assets and other businesses in the Singapore market next year

According to a financial report, Cheng Kang, CEO of Fosun Wealth, a subsidiary of Hong Kong-listed Fosun International, said that the group's wealth management platform Finloop will develop more innovative services in the fields of virtual assets, and will quickly enter markets such as Singapore, Southeast Asia and the Middle East while adding the Hong Kong market in the future. Cai Hua, a partner of Fosun Wealth International, said that the company is applying for relevant licenses in Singapore and is expected to officially enter the local market next year, and then expand to the Middle East and Southeast Asian markets in turn.

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Ceo of Telegram Pavel Durov and blogger Huseyn Gasanov were on an excursion to the Petroglyph museum in Cholpon-Ata (Kyrgyzstan)

Durov previously said that he's going to travel Central Asia.

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DFI: Crypto trading platform Ethfinance may be a scam platform, investors cannot withdraw funds after depositing

According to a consumer warning issued by the Securities Division of the Washington State Department of Financial Institutions (DFI), an investor learned about a crypto trading platform called Ethfinance through a connection sent by LinkedIn and transferred a total of $310,000 from his DeFi wallet to the platform. When he tried to withdraw part of the initial principal and profits, the investor was told that he needed to add more funds to complete the "smart contract" and then withdraw the funds.

Tesla investors sue Elon Musk for shifting resources and talent to xAI

Financial reports that Tesla shareholders sued CEO Elon Musk and the automaker's board of directors on Thursday, claiming that Musk's xAI startup is a "competing company" that has taken away artificial intelligence talent and resources from the company. On the same day, shareholders voted to restore Musk's $44.9 billion compensation package, which a Delaware judge rejected in January.

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