Polkadot’s Spending Spree Sparks Controversy
Polkadot’s recent financial decisions have ignited a debate among stakeholders concerned about the rapid depletion of funds. However, a deeper controversy is brewing within the Polkadot community regarding alleged discriminatory practices in the allocation of these resources. Victor Ji, co-founder of Manta Network, has labeled the Polkadot ecosystem as “highly toxic,” specifically criticizing the disparity […]
Crypto Ventures Eye Resurgence Despite Market Volatility
In their latest analysis, Galaxy Digital highlights a growing optimism among venture capital investors towards the cryptocurrency sector this year, forecasting a potential resurgence in the coming months. This outlook persists despite a notable disconnection between Bitcoin’s price movements and the capital invested in crypto startups throughout Q2 2024. Galaxy’s report, which drew on data […]
21Shares Sparks ETF Buzz with New Solana Proposal
21Shares has officially thrown its hat into the ring with a new filing to the United States Securities and Exchange Commission (SEC) for the launch of the 21Shares Core Solana ETF. This move closely follows VanEck’s initiative to introduce a similar Solana-based spot ETF, signaling a growing institutional appetite for Solana (SOL) among leading financial […]
Regulatory Rumble: SEC Targets Consensys
In a dramatic escalation of regulatory scrutiny within the cryptocurrency sector, the United States Securities and Exchange Commission (SEC) has launched a lawsuit against Ethereum software giant, Consensys. The SEC’s complaint, filed on Friday, accuses Consensys of operating as an unregistered broker through its MetaMask Swaps service and collecting over $250 million in fees through […]
T-Rex Group’s Spicy Bitcoin ETFs Set to Ignite TradFi
Investors looking for a thrilling ride in the financial markets might soon have just the ticket, as the T-Rex Group has thrown its hat into the ring with a filing for several MicroStrategy ETFs. These new offerings are not just your standard fare; they’re designed to give investors leveraged exposure to Bitcoin’s price movements through […]
Coinbase Opts Out of ASI Token Migration, Shakes Up User Strategy
Coinbase, a leading U.S. cryptocurrency exchange, has announced a significant policy regarding the upcoming token merger under the Artificial Superintelligence Alliance (ASI). The alliance, comprising AI-focused blockchain companies Ocean Protocol, Fetch AI, and SingularityNET, revealed plans in April for a token merger involving their respective tokens—OCEAN, FET, and AGIX. Despite the buzz around this consolidation, […]
Binance Revises Fee Structure, Shifting Broker Dynamics
In a strategic move to reshape its fee policies, Binance, the world’s largest cryptocurrency exchange, will implement a new fee structure starting July 1. This adjustment primarily affects users who trade through prime brokers, marking a significant shift from the previous setup. Under the former system, brokers associated with Binance’s Link Plus program could leverage […]
Solana’s Surge: Blinks Ignite Record Transaction Highs
In a remarkable resurgence, Solana has hit an almost two-year peak in daily transactions following the rollout of a new feature known as Blinks. Blockchain analytics firm Artemis reports that Solana processed nearly 42 million transactions on Wednesday, marking an 81% increase since the beginning of the year. This surge represents the highest transaction volume […]
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