Ethereum’s Price Soars 18% Amid Optimism for Spot Ether ETF Approvals
Ethereum (ETH) has witnessed a dramatic 18% rise in just 24 hours, fueled by renewed optimism that spot Ether exchange-traded funds (ETFs) might receive regulatory approval soon. This surge occurs…
Analysts Suggest SEC May Reconsider Denial of Spot Ether ETF
Recent discussions within the financial community have prompted two Bloomberg ETF analysts, James Seyffart and Eric Balchunas, to reassess their expectations regarding the U.S. Securities and Exchange Commission’s (SEC) stance…
Trader Converts $2.2K in Solana to $2.26M in Just 8 Hours Through Memecoin Trade
In a striking display of market acumen, a trader identified as “sundayfunday.sol” managed to convert an investment of $2,275 in Solana tokens into a staggering $2.26 million within an eight-hour…
Dollar Holds Steady; Ether Sparks Cryptocurrency Surge
The dollar exhibited stability on Tuesday, while the yen struggled below the 156 mark against the U.S. dollar, indicative of a constrained trading pattern. Investors maintained their existing positions, closely…
Leadership Transition at Grayscale Investments
Michael Sonnenshein has resigned from his position as CEO of Grayscale Investments, marking the end of a significant era for the U.S.-based cryptocurrency asset management giant. After over a decade…
Ethereum Developer’s Paid Role at EigenLayer Raises Questions About Potential Conflicts of Interest
On May 19, in a detailed post on X, Justin Drake, a researcher at the Ethereum Foundation, revealed his new advisory role with the EigenFoundation. This position offers him a…
Five On-Chain Metrics Suggest Crypto Bull Market May Just Be Starting
Despite the cryptocurrency markets exhibiting sideways movement over the past three months, a surge in bullish sentiment is evidenced by five significant on-chain indicators. These indicators hint that the bull…
Spot Ether ETF Decision Rests with SEC’s 5-Member Panel; Gensler Could Be Decisive
The fate of spot Ether exchange-traded funds (ETFs) may hinge on a critical vote by Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), reflecting a pivotal moment…
Alleged Pump.fun Exploiter Arrested and Released on Bail in the UK
Jarett Dunn, formerly associated with the memecoin trading platform pump.fun, has been implicated in a security breach resulting in a substantial financial exploit amounting to $1.9 million. Dunn, who disclosed…
Kraken Confirms Continuation of USDT Services in Europe Amid Regulatory Developments
Kraken, a major player in the cryptocurrency exchange market, has confirmed it has “no plans” to delist Tether (USDT) in Europe currently, despite speculative reports and regulatory challenges. This clarification…
Quantum Computing Threatens Blockchain Security, Says University of Trento Professor
Professor Massimiliano Sala of the University of Trento recently addressed the imminent threats that quantum computing poses to blockchain technology during a lecture with Ripple, as part of their university…
Venezuela Implements Crypto Mining Ban to Safeguard National Power Grid
Venezuela has officially joined several other nations in limiting cryptocurrency mining operations due to significant electricity consumption concerns. The Ministry of Electric Power announced an initiative to disconnect crypto mining…
XRPL Records 108% Increase in Transactions During First Quarter of 2024
In a remarkable leap forward, transactions on the XRP Ledger (XRPL) more than doubled from the fourth quarter of 2023 to the end of the first quarter of 2024, as…
Phantom Wallet Ascends to Top Three in App Store, Boosting Solana Sentiment
Phantom Wallet, a leading cryptocurrency wallet, has impressively climbed to the third position in the Apple App Store’s utility category, ranking just below giants such as Google and Google Chrome…
Millennium Management Reports $2 Billion Investment in Bitcoin ETFs
Millennium Management, a leading global hedge fund, has disclosed substantial holdings in spot Bitcoin ETFs totaling nearly $2 billion as of the first quarter of 2024. This revelation came through…
SEBI Advocates for Diverse Regulatory Oversight of Cryptocurrency in India
The Securities and Exchange Board of India (SEBI) has put forth a proposition for a multi-regulatory approach to oversee the burgeoning cryptocurrency sector within the nation. Recently disclosed documents suggest…
Binance Unveils Solution to Counter $68M Address Poisoning Scams
In a significant step toward enhancing cryptocurrency transaction security, Binance‘s security team has pioneered a novel algorithm designed to counteract address poisoning scams. These scams, which manipulate users into transferring…
Tether and TON Collaborate with Oobit for Enhanced USDT-to-Fiat Conversion
In April, Tether’s USDT and its gold-backed counterpart, Tether Gold (XAUt), launched on The Open Network (TON), a significant step for the cryptocurrency that’s traditionally tethered to stable financial assets…
China’s $1.9 Billion Underground USDT Banking Operation Uncovered
Despite China’s stringent regulations against cryptocurrency activities, Chinese traders have continually found innovative ways to leverage digital currencies. This resilience is evident in the recent discovery by Chinese police of…
ShibaSwap Advances with Comprehensive Upgrade on Shibarium Blockchain
ShibaSwap, the decentralized exchange synonymous with the Shiba Inu ecosystem, has launched a significant update, transitioning its operations to the Shibarium blockchain. This move is poised to revolutionize the platform…