In the past few months, the crypto market has been boring and filled with several downturns. Despite the promises of the spot Bitcoin ETFs, BTC has continued to depreciate heavily, moving down to the $60k region. However, a new memecoin…
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Solana ETF Filing by VanEck Faces Unique Regulatory Hurdles
VanEck’s recent move to file for an exchange-traded fund (ETF) holding Solana could represent a significant moment for the cryptocurrency market. While the path to approval may be challenging, the anticipation among digital-asset advocates highlights a growing interest in diversifying…
Why is Grayscale Losing Over $27 Million in Bitcoin ETFs?
Grayscale was among the companies that pressured the Securities and Exchange Commission to receive approval for spot Bitcoin ETFs. However, the Grayscale Bitcoin ETF has been struggling. It recently saw an outflow of over $27 million, which compounds to over…
Introducing Pudgy Penguins: Why ETH NFT Received a 600% Growth in Sales
Pudgy Penguins NFTs are not very popular, but they have been making a lot of sales within short notice. Apparently, the collection sold over $2 million worth of NFTs within a day, recording over 600% growth. Below, we will explore…
Closed-Loop Tokens on Sui for Controlled Token Systems – What is it ?
Closed-Loop Tokens (CLTs) offer a novel approach to token management on the Sui blockchain, providing defined rules and restrictions that enable the creation of closed token systems. This controlled environment contrasts with Sui’s Coin standard, which allows unrestricted usage and…
SEC Sues Consensys Over Brokerage and Staking Practices
The US Securities and Exchange Commission (SEC) has recently taken action against Consensys Software Inc., a prominent player in the cryptocurrency industry. This move marks another significant step in the SEC’s ongoing efforts to regulate the digital asset market. In…
US Increases Reward to $5 Million for OneCoin Ruja Ignatova
US authorities have heightened their efforts in the ongoing pursuit of justice against the notorious OneCoin cryptocurrency scam. The State Department has announced an increase in the reward for information leading to the arrest and conviction of Ruja Ignatova, co-founder…
Binance closes loophole in Link Plus program, affecting prime broker revenues
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced significant changes to its Link Plus program. These changes, effective July 1, are set to close a loophole that prime brokerages have been exploiting to increase their revenues. This…
South Korea Hashed Ventures Expands in Abu Dhabi Crypto Hub
Hashed Ventures, a prominent digital-asset investment firm based in Seoul, South Korea, is making significant strides in expanding its global presence. The company’s recent move into Abu Dhabi highlights the UAE’s growing appeal as a hub for cryptocurrency and blockchain…
PlayGround partners with SKALE to expand Web3 gaming ecosystem
In the dynamic world of crypto gaming, PlayGround stands out as a premier publishing and user acquisition partner. With a vision to create a multi-modal user acquisition (UA) protocol, PlayGround connects millions of mainstream players from around the world through…