Federal prosecutors are calling for a prison sentence of five to seven years for former FTX executive Ryan Salame, who has been implicated in its multibillion-dollar collapse. His defense team asserts that his punishment should reflect his role in exposing the fraud, pushing for a lighter sentence of no more than 18 months. Salame’s Defense...Read More
The U.S. House of Representatives passed legislation on Monday that will provide long-sought-after legal clarity around how crypto assets should be classified, registered, and custodied. The bill, titled the Financial Innovation and Technology for the 21st Century Act (FIT21), received near unanimous support from Republicans alongside 71 additional votes from Democrats, resulting in a final...Read More
Uniswap Labs, the company behind the decentralized exchange Uniswap, has issued a response to the Wells Notice from the U.S. Securities and Exchange Commission. Meanwhile, Uniswap’s native token UNI has surged 2.0% over the last 24 hours and 37% over the week to hit $9.48. Uniswap Labs Criticizes SEC’s Legal Basis In a blog post...Read More
Bitcoin has climbed above $71,000 this week, breaking out of the tight trading range it had been confined to for several weeks. One of the main catalysts for this price action is the strong demand through ETFs, with net inflows of approximately $1.2 billion over the last week. Going forward, several key factors suggest a...Read More
[PRESS RELEASE – Victoria, Seychelles, May 22nd, 2024] The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide. After amassing an incredible community of over 300,000 followers on Twitter, Telegram, and Instagram in just...Read More
[PRESS RELEASE – Majuro, Marshall Islands, May 22nd, 2024] Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours. Making waves in the crypto industry, Multipool is taking a leading role in the marketplace transforming the trading landscape for real-world...Read More
During Bitcoin’s climb to May’s high of $71.1K, the meme coin sector proved to be the most profitable, trending tokens by market capitalization yielding returns over 40%. However, as the price of Bitcoin settled back to around $69K in recent hours, several meme coins are facing a strong rejection from sellers. Interestingly, SHIB price failed...Read More
BTC prices have retreated back below $70,000 during Wednesday morning’s Asian trading session but markets are not overbought yet, according to analyst James Check. “Right now, using a variety of volume metrics as the input, BTC prices appear to be right in line with the fundamentals,” he said in a newsletter on May 21. Moreover,...Read More
The Trump campaign announced on Tuesday that it would begin accepting cryptocurrency donations, marking the first time a major party presidential nominee has done this. This decision is in line with Trump’s broader agenda, which the campaign described as valuing “freedom over socialistic government control.” Trump Campaign Vows to Build “Crypto Army” According to a...Read More
[PRESS RELEASE – Dubai, UAE, May 22nd, 2024] Kelp DAO, a liquid restaking platform, today announced the closure of a $9 million private sale round, a milestone in its mission to enhance decentralized finance (DeFi) and the restaking landscape. SCB Limited (a proprietary trading firm based in the Bahamas) and Laser Digital (Digital asset arm...Read More
Today, May 22nd, marks the 14th anniversary of Bitcoin Pizza Day, a historic occasion that forever etched Laszlo Hanyecz’s name in the annals of the cryptocurrency industry’s history. On this day in 2010, the Floridian programmer and early Bitcoin adopter made the first documented purchase using the cryptocurrency, exchanging 10,000 BTC for two Papa John’s...Read More
PEPE is on fire. The popular Ethereum-based meme coin reached an all-time high of $0.00001422 on May 22nd as it surged by more than 26% over the last 24 hours. The possibility of a spot Ether ETF has fueled enthusiasm and price rallies, particularly in meme coins, including PEPE, as investors eagerly anticipate the potential...Read More
[PRESS RELEASE – London, United Kingdom, May 21st, 2024] Panana Finance has introduced closed beta access, enabling users to trade both cryptocurrencies and real-world assets on its platform. A New Era of Decentralized Trading Panana Finance is a decentralized exchange (DEX) designed to enhance perpetual trading and bridge the gap between traditional finance and the...Read More
Flows into the U.S. spot Bitcoin exchange-traded fund (ETF) market have reversed following a period of outflows and minimal inflows. According to the Bitfinex Alpha report, the new trend of heavy net inflows into spot Bitcoin ETFs signals renewed interest in the products and investors’ belief in the digital asset’s potential. Bitcoin ETF Flows Reverse...Read More
“It’s happening,” exclaimed Bloomberg ETF analyst James Seyffart on May 22 who added that at least five of the potential ETH ETF issuers have submitted their amended 19b-4s to the Securities and Exchange Commission a few hours ago. Fidelity, VanEck, Invesco Galaxy, Ark 21Shares, and Franklin all submitted amendments via the Chicago Board Options Exchange...Read More
