May 21, 2024

New York Attorney General Reaches $2 Billion Settlement with Genesis Global

On Monday, New York Attorney General Letitia James announced that her office has secured a $2 billion settlement with the bankrupt cryptocurrency firm Genesis Global. This agreement comes in response to allegations that Genesis defrauded investors, including tens of thousands of New Yorkers. $2 Billion Settlement In a post on social media platform X, AG...
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DeFi Retik Finance (RETIK) Now Listed on Uniswap and Multiple Centralized Exchanges

[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, May 21st, 2024] Decentralized Finance (DeFi) has emerged as one of the most transformative and disruptive forces in the world of finance, offering a decentralized alternative to traditional financial systems. At the forefront of this revolution is Retik Finance (RETIK), a pioneering DeFi project recognized for...
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Galaxy Digital Exec: This Is How the SEC Could Classify ETH as Security

Alex Thorn, the Head of Research at Galaxy Research, speculated that the SEC could differentiate between Ethereum (ETH) and staked Ether, possibly classifying the latter as a security. He noted that this distinction could provide a regulatory loophole for approving spot Ethereum ETFs. Spot Ethereum ETF Approval Loophole In a May 21 post on X,...
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There Are Hidden Giants Investing In The Bitcoin ETFs: Bitwise

Bitwise executives have secret information about massive financial players who are investing in BTC – but they won’t specify which ones. During an interview published on Tuesday, Bitwise CEO Hunter Horsley discussed how institutional and regulatory acceptance of Bitcoin as an investable asset is evolving faster behind the scenes than most realize. The Secret Bitcoin...
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Multipool Partners with BSO Enabling Ultra-fast Low Latency Trading

[PRESS RELEASE – Majuro, Marshall Islands, May 21st, 2024] Multipool, a leading innovator in the blockchain and cryptocurrency industry, announces corporate partnership with industry-leading global connectivity provider BSO, enabling ultra-fast low latency trading on Multipool. The combined tech offers users a comprehensive suite of fully decentralized trading tools delivering the best DEX price execution in...
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Axelar Adds Interoperability to Rollkit, Delivering Interconnectivity for Thousands of Blockchains Built With Celestia Underneath

[PRESS RELEASE – New York, USA, May 21st, 2024] Axelar Interchain Amplifier’s Integration With Rollkit Streamlines the Creation of Interoperable Rollups, Making it as Simple as Developing any Smart Contract The Axelar Foundation today announced an integration with Celestia Labs that will make multichain interoperability easy for sovereign blockchains built with Celestia’s Rollkit, the first...
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Bitcoin Price to Soar as Japan’s Economy Worsens: BitMEX’s Arthur Hayes

The weakening Japanese yen could potentially lead to actions that drive up the price of bitcoin and other cryptocurrencies, according to former BitMEX CEO Arthur Hayes. His central argument revolves around the fact the Japanese yen has been rapidly weakening against the US dollar due to the large interest rate differential between the two currencies....
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Common AMM launches on Aleph Zero: The First Step Towards Releasing the Ultimate ZK DeFi Suite

[PRESS RELEASE – Zug, Switzerland, May 21st, 2024] Cardinal Cryptography, core developer of the zero-knowledge, privacy-focused blockchain Aleph Zero, announced today the launch of Common Automated Market Maker (AMM), the first mainnet release of a novel DeFi platform, Common. Positioned as a decentralized exchange (DEX), Common’s Automated Market Maker (AMM) delivers a user-friendly trading experience,...
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Peter Schiff Doing Peter Schiff Things: Explains How Ethereum ETFs Will Be Bad for Bitcoin

The popular gold bug continues with his barrage against bitcoin, but his latest warning came amid times of price resurgence as the cryptocurrency skyrocketed above $70,000. Schiff actually thinks that a lot of bad news will hit BTC if the US Securities and Exchange Commission indeed greenlights spot Ethereum ETFs. Schiff Goes After Bitcoin Again...
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Ethereum Open Interest Reaches $14B High

Ether futures open interest has hit a record high of $14 billion, signifying increased market activity. Interestingly, this rise in Ether open interest coincides with Ethereum’s price surge to $3,650, an increase of 18% in the last 24 hours. The increased chances of a possible Ethereum ETF approval have fueled this bullish outlook on Ethereum....
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Here’s The Number of Ethereum Holders in Profit as ETH Surges to $3.8K

Ethereum’s (ETH) dramatic rally to the $3,700 price zone has put a substantial portion of the cryptocurrency’s holders in profit, boosting their investment returns significantly. According to a tweet by IntoTheBlock, 90% of market participants holding ETH are currently in profit, while the remaining 10% are at the money. No ETH holder is at a...
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Gala Games $200M Exploit Was An ‘Isolated Event,’ Team Working Closely With Law Enforcement

Web3 gaming project Gala Game was exploited by an unknown attacker, who was described as a compromised or rogue admin address, minted 5 Billion GALA, worth more than $200 million. The security incident has since been contained while the affected wallet has been frozen. The team also said that the exploit was an isolated incident...
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LAKE (LAK3) to Showcase Blockchain and RWA Solutions for Global Water Economy at London Blockchain Conference

[PRESS RELEASE – Geneva, Switzerland, May 21st, 2024] LAKE (LAK3), a pioneering Web3 ecosystem dedicated to transforming the global water economy through blockchain technology, Real World Assets (RWA) and the LAK3 token, is excited to announce its participation and sponsorship of the London Blockchain Conference, taking place from May 21 to 23. Ahad Ali, LAKE’s...
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Decentralized Funding Protocol Polimec Launches on Polkadot

Polimec, a decentralized and community-driven funding protocol designed to transform how Web3 projects raise capital and issue tokens, has officially launched on Polkadot. Polimec offers a transparent, regulatory-compliant environment that connects investors and startups on a global scale. Community-Driven Web3 Fundraising According to a statement shared with CryptoPotato, Polimec represents a significant advancement in Web3...
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Can Ethereum (ETH) Top $4,000 This Week if ETFs Are Approved?

ETH prices topped $3,700 in an intraday high in early trading in Asia on Tuesday, May 21. It is the highest the asset has been since early April when it spiked to similar levels before dumping below $3,000 a week later. The massive 20% move has been triggered by renewed hopes that the US Securities...
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Bitcoin Inflows Hit $942 Million as Investor Confidence Grows: CoinShares

Digital asset investment products surged for the second consecutive week, reaching a total of $932 million. Despite an increase in inflows, the trading volume for the week was only $10.5 billion, significantly lower than the $40 billion recorded in March. Notably, the influx of funds was largely prompted by the unexpected CPI report released on...
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Now Live: Pre-Launch Futures Contract for ZRO with 2x Leverage

A new Pre-Launch futures contract for ZERO (LayerZero) – ZROUSDTZ24 – is now available to trade on BitMEX. The new listing is margined in Tether (USDT) and offers up to 2x leverage so you can long or short ZRO before it’s listed on spot exchanges. Trading for ZROUSDTZ24 started here at 04:00 UTC on 21...
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Bitcoin (BTC) $ 98,136.29 4.60%
Ethereum (ETH) $ 3,245.29 4.70%
Tether (USDT) $ 1.00 0.10%
Solana (SOL) $ 244.32 2.59%
BNB (BNB) $ 617.27 0.74%
XRP (XRP) $ 1.12 1.89%
Dogecoin (DOGE) $ 0.388298 0.05%
USDC (USDC) $ 1.00 0.01%
Lido Staked Ether (STETH) $ 3,255.76 5.13%
Cardano (ADA) $ 0.796049 4.19%