Thailand Launches Its First Bitcoin ETF
Thailand is set to introduce its first spot Bitcoin exchange-traded fund (ETF), marking a significant step forward in the nation’s embrace of regulated Bitcoin investment vehicles. The Thai Securities and Exchange Commission (SEC) has approved asset manager One Asset Management (ONEAM) to launch the ONE Bitcoin ETF Fund, as reported by the Bangkok Post. This […]
Linea Network Pauses Amid $7M Exploit
In a swift move to mitigate damage, the Layer 2 network Linea temporarily halted transactions for an hour on Sunday. This decision came after a significant security breach involving Velocore, a protocol on the chain, which suffered a $7 million exploit. Linea’s prompt intervention likely curbed further financial losses stemming from the exploit. However, the […]
GameStop and GME Token Surge Amid Roaring Kitty’s Return
GameStop’s stock price witnessed a significant surge in pre-market trading this Monday, following the unexpected return of iconic bull trader Roaring Kitty on Sunday night. Although the stock’s momentum has tempered since the market opened, the excitement triggered a substantial increase in the price of the unofficial GME meme coin on the Solana blockchain. Over […]
Estonian Nationals Face Court in Crypto Fraud Case
Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, both aged 39, made their initial court appearance yesterday, facing severe allegations tied to a substantial cryptocurrency fraud, as detailed in a Department of Justice (DOJ) press release. The arrests of Potapenko and Turõgin occurred in Tallinn, Estonia, in November 2022, following an extensive 18-count indictment from […]
Terra Currencies Surge Amid SEC Settlement News
Cryptocurrencies linked to the Terra ecosystem have experienced notable gains following the announcement of a tentative settlement between Terraform Labs, its founder Do Kwon, and the U.S. Securities and Exchange Commission (SEC). The rejuvenated version of Terra’s cryptocurrency, LUNA, witnessed a 16.3% increase over the last 24 hours, currently trading at $0.69. Similarly, Terra Luna […]
Trump’s Libertarian Convention Speech Boosts Political Meme Coins
Former U.S. President Donald Trump’s appearance at the Libertarian National Convention might not have been warmly received by all attendees, evidenced by the heckling and jeering he faced, yet it notably invigorated the political meme coin market. Within 24 hours following his speech, the Trump-themed MAGA Hat (MAGA) cryptocurrency recorded a substantial surge of over […]
Ross Ulbricht Thanks Trump for Commutation Pledge
Silk Road founder Ross Ulbricht expressed his gratitude towards former U.S. President and 2024 presidential candidate Donald Trump for promising to commute his sentence on the first day of his potential second term. This pledge was made during Trump’s speech at the Libertarian National Convention on Saturday. Ulbricht, who has spent 11 years in prison, […]
Historic Green Light for Ethereum ETFs
In a significant shift in the cryptocurrency investment landscape, the United States Securities and Exchange Commission (SEC) has granted approval for spot Ethereum exchange-traded funds (ETFs), marking a pivotal moment months after initially greenlighting Bitcoin ETFs. This historic decision came on May 23, after a long period of minimal engagement with the applicants, signaling a […]
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