FTX Founder SBF to Be Moved to California Federal Prison
Former FTX CEO Sam Bankman-Fried, convicted of a $8 billion fraud, will be transferred to a California prison, marking a significant moment in crypto regulation and accountability.
FIT21 bill passed by US House of Representatives
The U.S. House passed the FIT21 Act with a 279-136 vote, aiming to regulate the crypto market, enhance consumer protection, and position the U.S. as a digital asset innovation leader.
AI Coins Rally As Nvidia Reports $26B in Revenue, 10-1 Stock Split
Nvidia’s Q1 2024 revenue soared to $26 billion, a 262% YoY growth, announcing a 10-1 stock split and a 629% rise in GAAP EPS, indicating substantial AI and tech industry influence.
Terra Luna Classic IBC Proposal Officially Passed, LUNC Price Jumps 8%
Terra Luna Classic’s community approved re-enabling IBC with Osmosis, leading to an 8% LUNC and 5% USTC price surge, and a 200% trading volume increase, signaling robust market optimism and enhanced cross-chain liquidity.
Ripple Vs SEC, Torres Decision, XRP Army’s Role
The U.S. House passes FIT21 Act, a historic move for digital asset regulation, influenced by Ripple vs. SEC case and XRP community advocacy, aiming for clearer legal frameworks.
TRON DAO at DC Blockchain Summit
“TRON DAO shines as Silver Sponsor at the DC Blockchain Summit, May 2024, unveiling its scalable platform that’s revolutionizing dApp development and digital transactions, setting new industry standards for accessibility and efficiency.”
The Wrong Lessons of Pizza Day
In “The Wrong Lessons of Pizza Day” by Jimmy Song, the first Bitcoin transaction for two pizzas (10,000 BTC) showcases early crypto value and warns against short-term wealth focus, emphasizing long-term Bitcoin conviction.
Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign
In 2010, 10,000 bitcoins bought 2 pizzas, marking crypto’s first buy. Binance now honors this by giving out 5,000 pizzas globally, celebrating Bitcoin’s history & strengthening community ties.
GALA rockets after incident recovery, token burning proposal
GALA token surged 20.6% after a swift recovery of over $20M in Ethereum from a breach, and a proposal to burn 5 billion tokens to ensure ecosystem stability.
Is Thursday D-Day for SEC’s Decision?
SEC’s stance on Ethereum ETFs shifts, raising approval odds from 25% to 75%. A pivotal move indicating a potential first-ever approval, bridging cryptocurrency with traditional investment platforms.
US Spot Bitcoin ETFs See $305M in Inflows; Blackrock’s IBIT Dominates
U.S. spot Bitcoin ETFs soared with $305.7M inflows, 94.86% to Blackrock’s IBIT, marking a 7th consecutive gain day. This underscores growing investor confidence in cryptocurrency via traditional ETFs, signaling a shift towards mainstream crypto investment acceptance.
Bitcoin Support to Arrive in MetaMask Within a Month
MetaMask is integrating Bitcoin support, expanding its service to unite Ethereum and Bitcoin users. This major update, enhancing the wallet for its 30 million users, paves the way for a more integrated Web3 ecosystem, simplifying cryptocurrency management.
EIGEN Riches Tempt Ethereum Devs, Even as ETF Approval Nears
In May, Ethereum debates peaked over MEV, with core devs like Péter Szilágyi and Vitalik Buterin tackling its effects on fairness. Their discourse, aimed at improving blockchain efficiency, underscores Ethereum’s commitment to addressing complex issues transparently.
New memecoin with AI utility raises $2.5M in presale
WienerAI merges AI with memecoins, raising $2.5M in its presale. Its innovative trading bot offers MEV-resistant trades, setting a new standard in DeFi, with experts predicting 100x returns.