Magic Eden Boosts Runes with TypeScript
Magic Eden has launched “runestone-lib,” an open-source library aimed at enhancing the Runes protocol on the Bitcoin blockchain, marking a significant advancement in blockchain accessibility and innovation.
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$270.4M Boosts 58 Blockchain Projects
In the first half of May, the crypto sector attracted $270.4 million in investments across 58 projects, with Securitize and Arbelos Markets leading at $47 million and $28 million, respectively, demonstrating robust investor confidence and institutional interest.
FRA Investigates Binance for DOJ Compliance
The U.S. Department of Justice has appointed Forensic Risk Alliance to monitor Binance, the largest cryptocurrency exchange, to enhance transparency and accountability, signifying a major step in cryptocurrency regulation.
Why BTC, ETH, XRP, SOL, DOGE Prices Fell
The recent crypto market downturn saw significant outflows, including $96 million from Bitcoin ETFs and $146 million from Grayscale GBTC, amid broader economic concerns, marking a pivotal moment for investor strategy amidst volatility.
Agency Rejects Exchange’s Rulemaking Petition Again
The SEC has rejected Coinbase’s request for a new regulatory framework for crypto asset securities, emphasizing the adequacy of existing regulations for investor protection and market integrity amidst the crypto industry’s growth.
Dogecoin’s Golden Cross Signals Mega Rally
Dogecoin (DOGE), the leading meme coin, is nearing a ‘Golden Cross’—a bullish pattern signaling a potential major rally. Currently trading at $0.145 with a market cap of $20.92 billion, DOGE has seen an 85% increase since the beginning of the year.
175M Shiba Inu Tokens Burned, Price Surge?
In the past week, the Shiba Inu community has burned 175 million SHIB tokens, achieving a 281% increase in the weekly burn rate. This action aims to reduce SHIB’s circulating supply significantly, bolstering its market position and potentially driving the price towards the $0.00003 level.
GBTC Outflows Cause 3.5% Bitcoin Price Drop
On May 10, the Grayscale Bitcoin ETF experienced over $100 million in outflows, causing a 3.5% drop in Bitcoin’s price. Despite this, institutional interest from major banks like JPMorgan and Wells Fargo in Bitcoin ETFs remains strong, reflecting Bitcoin’s growing acceptance among traditional financial institutions.
650 Bln Pepe Coin Surge: Growth Ahead?
On May 11, investors grabbed 650 billion Pepe coin amid a bull run, with one address withdrawing 350 billion PEPE from Binance, realizing profits of $2.66 million, signaling strong market optimism for the meme token’s future.
Bitcoin Hits $60K, Altcoins Fall
On May 10, Bitcoin outperformed in a generally bearish crypto market, surging 3.21% to a notable $63,138.36, while Ethereum and other altcoins experienced mixed results, showcasing Bitcoin’s market resilience.
Polkadot User Engagement Soars Amid Price Dip
In April, the Polkadot blockchain saw a record 650,000 active addresses, the highest since its parachains’ 2022 launch, driven mainly by the Moonbeam parachain, despite a 20% price drop in DOT.
Ethereum Fees Plummet: Layer-2 Shifts Activity
Ethereum’s average transaction fee has plummeted to an all-time low of 4.81 Gwei post-Merge, largely due to the shift towards Layer-2 networks, which now handle 82% of transactions, showcasing a significant evolution in Ethereum’s ecosystem.
ARK 21Shares Refines ETF Bid, Excludes Staking
ARK Invest and 21Shares have revised their Ethereum ETF application to exclude the staking feature, aiming for SEC approval. This modification, intended for a Cboe BZX Exchange listing, could significantly impact Ethereum investment, with a decision expected by May 23, 2024.
BitMEX Challenges FTX on Creditor Repayment
BitMEX Research challenges FTX’s assertion that Sam Bankman-Fried’s investments led to creditor repayments, suggesting market downturns as the real reason. This debate arises during FTX’s bankruptcy, questioning the impact of Bankman-Fried’s investments on creditor compensation.