One of crypto’s most powerful government nemeses believes journalists question him about the burgeoning asset class way more than necessary. Securities and Exchange Commission (SEC) chairman Gary Gensler appeared for a nine-minute interview with CNBC on Wednesday and blamed the host for asking for such an “outsized ratio” of crypto-focused questions. Gensler Is Tired Of...Read More
On May 7, the crypto oracle solutions provider announced that RD Technologies was integrating Chainlink CCIP and Proof of Reserve to power its Hong Kong dollar stablecoin. Chainlink’s Cross-Chain Interoperability Protocol will be integrated to enable secure and reliable cross-chain transfers of HKDR and easier access to the new stablecoin. Additionally, the firm is also...Read More
The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023 recently transferred over 1,100 Ether (ETH) to sanctioned crypto mixer Tornado Cash. The hacker sent the Ether in batches while still holding over $180 million worth of assets across different blockchains. Poloniex Hacker Launders 1,120 ETH According to data from Arkham Intelligence, the...Read More
[PRESS RELEASE – Arizona, United States, May 7th, 2024] Apu Apustaja, the widely recognized internet meme, has expanded its influence into the cryptocurrency market by transitioning into a memecoin. Known for its extensive popularity online, Apu now seeks to establish its presence on the Ethereum blockchain. On March 11th, 2024, Apu Apustaja was officially launched...Read More
[PRESS RELEASE – Grand Cayman, Cayman islands, May 7th, 2024] Suilend launches points campaign following a successful beta with over $40 million in TVL. Suilend, the pioneering lending protocol developed by the Solend team, is launching a points campaign to reward users for depositing assets on the platform. During the points campaign, Suilend will distribute...Read More
[PRESS RELEASE – New York, New York, May 7th, 2024] Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical...Read More
Hong Kong’s Bitcoin ETFs experienced their first setback after launching on April 30, following their first cumulative daily BTC outflows on Monday. The outflow came from the China Asset Management Bitcoin ETF, while the other Hong Kong-based products had no flows. Hong Kong ETFs See Modest Inflows According to Farside data, the China AMC Bitcoin...Read More
[PRESS RELEASE – Ajeltake, Marshall Islands, May 7th, 2024] TradeSta, a newly announced non-custodial Web3 trading platform, is set to redefine digital asset trading. Developed by industry veterans Kieron Cartledge and Hasan Zahr, TradeSta promises a secure, user-driven experience that prioritizes privacy and full control over personal assets. With over 10,000 people already signed up,...Read More
According to data from Kaiko, a bullish bias persists for Bitcoin options despite the recent market volatility. Last week, Bitcoin experienced volatility, briefly dipping below the $57,000 mark before experiencing a weekend rebound fueled by easing concerns over Fed interest rates. Bullish Shift in the Bitcoin Options Market The decline in Bitcoin’s price last week...Read More
Grayscale’s spot Bitcoin ETF – GBTC – recorded its second consecutive day of net inflows on Monday, attracting $4 million into the trust. In doing so, GBTC shattered the four-month streak of outflows. This follows Friday’s reversal of a 78-day net outflow trend, with an additional $63 million. Since its transition to a spot Bitcoin...Read More
While the effects of the fourth halving slowly set in, Bitcoin miners appear to be selling less and holding onto more BTC after the recent block reward reduction. In fact, Bitcoin is currently seeing the longest-ever miner consolidation and accumulation period since it hit $16K. BTC Miner Accumulation Continues According to the latest analysis by...Read More
A bitcoin (BTC) price recovery may happen sooner than expected because selling pressure from market participants may be slowing down. The latest weekly report from the crypto exchange Bitfinex revealed that some on-chain indicators suggest that selling pressure from short-term holders may be waning. Bitcoin Selling Pressure May Be Waning Since BTC hit its all-time...Read More
The US Securities and Exchange Commission (SEC) has postponed its decision on whether to approve or disapprove the proposed Invesco Galaxy spot Ethereum exchange-traded fund (ETF) product for the third time. With the latest delay, the agency has until July 5 to make its final decision on the spot Ether ETF application. The SEC announced...Read More
Analyst Davinci shared his analysis of the current state of the cryptocurrency market, particularly focusing on Bitcoin’s price action. Davinci warned about Bitcoin’s recent price surge to $64,000, suggesting it could be a “bull trap.” “While I believe Bitcoin could eventually reach $100,000, $200,000, or even $300,000 in the long term, I foresee significant volatility...Read More
One of America’s largest crypto mining companies, Hut 8, has reported a sharp drop in proprietary production for April, according to a company announcement on May 6. The firm reported a 36% drop in BTC mined in April compared to March. However, this was primarily due to the relocation of over 25,000 mining machines from...Read More
