Tue, November 12

Spot ETH ETFs Kick-Off to a $106M Inflow On First-Day Trading

The Ethereum ecosystem hit a new milestone with the US Spot ETH ETFs starting trading in the last 24 hours. After considerable anticipation, the digital assets began trading on July 23 after the SEC approved the final filings. On the first day of trading, the nine ETFs recorded a total

July 24, 2024 2 mins read

Grayscale’s Massive $1B ETH Move Stirs Speculation Amid Spot ETF Launch

US spot Ethereum ETFs received approval from the SEC on Monday after leading issuers filed 424(b) forms. Grayscale issuing two of the nine spot ETFs was observed transferring ETH tokens worth $1.01 billion from its Coinbase Prime deposit onto the platform’s Hot Wallet 8 hours ago. This has led to

July 23, 2024 2 mins read

Trump-Based Memecoins Show Price Surges Amidst Biden’s Bowing Out

In the last 24 hours, the US election landscape witnessed crucial movements. Present office holder, Joe Biden announced that he would be stepping down from a re-election. Within the crypto sector, Trump-based memecoins showed notable surges after political rival, Biden’s announcement.  Following Biden’s X announcement, the memecoins witnessed bullish price

July 22, 2024 2 mins read

How is the Crypto Market Preparing for the Spot ETH ETF Launch?

The most anticipated US Spot Ethereum ETFs are expected to make their market debut on July 23. In preparation for the launch, issuers have filed their S-1 filings and made announcements on fees, custodians, and other facets of their respective products. The market has also seen several updates from the

July 18, 2024 2 mins read

Crypto Trader GCR Makes 8M Profits Trading TRUMP Right Before Dip

The crypto market witnesses long-term profits intermittently with traders profiting from yearly price increases. In the last 9 hours, a wallet address suspected to be well-known pseudonymous trader GCR, aka Gigantic Rebirth had inflows of $8.3 million in profits by selling 1.08 million tokens of memecoin MAGA (TRUMP).  According to

July 15, 2024 2 mins read

Why is the SEC Making Exceptions for Banks in Implementing SAB 121?

The history of crypto’s battle with the SEC dates back several years. Amid the recent anti-SAB voting, the SEC has announced making exceptions for certain custody banks and broker dealers in crypto reports. This announcement has caused quite a stir, raising speculations in the market. Recently, Fox Reporter Eleanor Terrett

July 13, 2024 2 mins read

Messari CEO Announces Abandoning the SEC Until Reforms

Leading US-based Market intelligence firm, Messari has abandoned all connections with the SEC. The firm’s CEO released a strong-worded statement, lashing out at the regulator’s corrupt activities and pointing to its ‘unjust’ actions. In the past few months, multiple cryptocurrency firms have found themselves under the scrutiny of the SEC

July 8, 2024 2 mins read

Did Judge Jackson’s Verdict Mark a Crypto Win and a Setback for the SEC?

The US District Court of Columbia’s Judge Amy Jackson, passed her verdict for the Binance Vs. SEC case, dismissing partial claims of SEC. One of the dismissed claims, the SEC’s charge that Binance violated the Securities Act, received immense positive support from the crypto community. This is due to the

June 29, 2024 2 mins read

How Binance Plans to Address Rising Account Misuse Incidents? 

Crypto exchange Binance announces its ways to address the misuse actions by account holders. It stated that some of the platform’s features are exploited by users to gain unfair advantages including better fee rates and extending API limits.  To prevent such actions, the exchange plans  to reward individuals for reporting

June 27, 2024 2 mins read

Oklahoma Governor Signs Bill Exempting Sales Tax for Bitcoin Mining

The Governor of the USA state, Oklahoma signed a crypto bill that exempts Bitcoin miners from electricity sales tax. This bill is the state’s step toward advancing self-governance in the cryptocurrency sector. Notably, the signing has made Oklahoma the first state in the nation to advance in crypto and bitcoin

June 15, 2024 2 mins read