Biden Administration Skeptical of FIT21 Crypto Bill
President Joe Biden has expressed opposition to the Financial Innovation and Technology for the 21st Century Act (FIT21), a significant cryptocurrency market structure bill set for a House vote this Wednesday. Although the President has not threatened a veto, his administration’s stance signals a cautious approach towards legislative changes in the crypto sector. The White […]
OpenSea Launches “Get Based” Series on Base
Coinbase’s Ethereum layer-2 scaling network, Base, continues to expand its influence, and OpenSea, a leading NFT marketplace, is set to showcase the network and its burgeoning community of artists with its upcoming “Get Based” series. This initiative will feature a sequence of digital artwork drops, either free or priced below $5, aiming to promote accessibility […]
Ethereum ETF Speculation Sparks Meme Coin Frenzy
In a dramatic twist to the crypto narrative, last week’s GameStop-induced meme stock hype has morphed into Ethereum ETF excitement, fueling a significant market rally—especially for meme coins. The spotlight shifted late Monday when Ethereum (ETH) surged by an astonishing 23% within hours, following renewed rumors about the potential approval of spot Ethereum ETFs. This […]
Bitcoin and Ethereum Surge Triggers Massive Short Squeeze
The cryptocurrency market has witnessed a dramatic price surge for Bitcoin and Ethereum, resulting in significant losses for short traders. According to data from CoinGlass, the past 24 hours have seen over $383 million in crypto liquidations, with shorts bearing the brunt at $297 million. This wave of liquidations affected more than 94,000 traders, with […]
Vitalik Buterin Advocates for Ethereum Layer-2 Interoperability
Vitalik Buterin, the influential co-founder of Ethereum, recently voiced his concerns on Twitter about the current state of Ethereum’s layer-2 networks. Buterin stressed that the ecosystem feels disjointed and lacks unity, calling for enhanced interoperability among the various networks that aim to scale Ethereum in different ways. “The L2-verse doesn’t feel enough like a unified […]
Ethereum Price Surges Amid ETF Speculation
The trading world was abuzz as Ethereum experienced a sharp 9% increase in its price within just 20 minutes on Monday afternoon, a movement fueled by growing optimism over the potential approval of spot Ethereum exchange traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). Ethereum’s price leaped from $3,143 to $3,428, […]
Meme Stock and Coin Craze: Dogecoin Holds Strong
The resurgence of meme stock mania captivated Wall Street, echoing the chaotic trading frenzy that first swept the financial world in 2021. However, as the dust settles, it’s clear that while traditional meme stocks like GameStop have seen their gains dwindle, meme cryptocurrencies like Dogecoin continue to thrive. Dogecoin, the meme coin championed by Elon […]
Bitcoin ETFs Surge Amidst Economic Optimism
Last week, Bitcoin witnessed a remarkable rebound from its April lows, with its price surging from $61,800 to a monthly high of over $68,500. This uptick coincided with a significant influx of investments into Bitcoin spot Exchange-Traded Funds (ETFs), marking a sharp reversal from prior weeks of net outflows. According to data from CoinGecko, alongside […]
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