Day: 21 May 2024

The anticipation surrounding the potential approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in the U.S. has triggered a remarkable surge in Ethereum-based meme coins.  Over the past 24 hours, tokens such as Pepe (PEPE), Mogcoin (MOG), Shiba Inu (SHIB), and FLOKI within the Ethereum ecosystem have witnessed substantial gains, ...

Democrats in the U.S. House of Representatives have been given the autonomy to vote on two significant pro-crypto bills, as revealed in a May 20 email from Democratic leaders obtained by POLITICO.  The Financial Innovation and Technology for the 21st Century (FIT21) Act and the CBDC Anti-Surveillance State Act (H.R. ...

In a statement published on May 21, Greg Solano, co-founder of Yuga Labs, has revealed that Yuga Labs will no longer be involved in the management or oversight of Cryptopunks.  The iconic digital collectibles will now exist on the blockchain and operate without any intervention from Yuga Labs. According to ...

Alex Thorn, Head of Research at Galaxy Research, has raised concerns about the Securities and Exchange Commission (SEC) potentially categorizing staked Ether as a security.  Thorn's speculation comes amidst growing expectations that the U.S. SEC might soon approve Ethereum exchange-traded funds (ETFs). "If the speculation about a 180-degree turn from ...

Gala Games CEO Eric Schiermeyer has admitted to significant internal control failures following a recent security breach that resulted in the theft of $23 million worth of GALA tokens. On May 20 at 7:32 pm UTC, blockchain observers noted that 5 billion GALA tokens, valued at $200 million at the ...

Billionaire entrepreneur Elon Musk has compared Microsoft's new AI-powered feature, "Recall," on its latest line of Windows PCs, to a fictional technology seen in the British science fiction anthology series Black Mirror. This feature, part of Microsoft's "Copilot+ PCs," initiative, meticulously logs user activity, including everything displayed on the screen. ...

A New York court has approved a landmark $2 billion settlement between bankrupt crypto lender Genesis and the New York Attorney General's Office (NYAG). The settlement will establish a fund for over 230,000 investors, including 29,000 New Yorkers, who collectively invested more than $1.1 billion in Genesis through the Gemini ...

Crypto markets are abuzz with renewed optimism as speculation mounts that a spot Ether (ETH) exchange-traded fund (ETF) may soon receive approval.  This surge in confidence follows reports that the U.S. Securities and Exchange Commission (SEC) has reversed its stance on spot Ether ETFs, allegedly due to political pressure. And ...

Lisbon, Portugal, May 21, 2024—Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding depositors who provide ETH, USDC, or USDT with both high interest rates and Sparks—points that make liquidity providers eligible for the upcoming ...