Bitget launches a month-long trading campaign from April 25 to May 25, 2024, offering prizes like Apple gadgets, Rolex watches, and a BMW X5 for top futures traders in Ukraine and CIS, with rewards in USDT equivalent. SOURCES:Full Story
The US SEC is likely to reject Ethereum ETF applications in May, following unproductive meetings with issuers like VanEck and ARK, amidst regulatory uncertainties and market manipulation concerns. vn.1.2.5
MicroStrategy’s stock dips 35%, but its “BTC per Share” metric hits near-record highs, showing strong Bitcoin accumulation despite market fluctuations. vn.1.2.5
Top Ethereum Layer-2 networks, including Arbitrum, Optimism, Polygon, zkSync, and Starkware, are integrating Avail’s Data Availability solution to enhance rollup efficiency and security, facilitating scalable Web3 development. vn.1.2.5
Consensys filed a lawsuit against the SEC, challenging its authority to regulate Ethereum and its applications like MetaMask, arguing Ethereum is not a security and the SEC’s actions constitute overreach. vn.1.2.5
Franklin Templeton leverages Polygon and Stellar blockchains to tokenize a $380M US treasuries fund, enabling P2P transfers and competing with BlackRock’s similar blockchain initiative. vn.1.2.5
Terraform Labs limits US user access and withdraws $23M in liquidity due to an SEC injunction, amidst ongoing legal and bankruptcy challenges. vn.1.2.5
The FBI warns against using unregistered crypto services lacking Money Services Business registration, AML, and KYC compliance, following enforcement actions against illegal operations like Samourai Wallet. vn.1.2.5
Marathon Digital aims to reach a 50 EH/s hash rate in 2024, doubling its initial target, following the acquisition of a 200-megawatt mining center, fully funded by its current liquidity. vn.1.2.5
ConsenSys, the company behind MetaMask, has taken legal action against the SEC to assert Ethereum’s classification as a commodity, aiming to shield the Ethereum community from stringent SEC regulations. This lawsuit, sparked by a Wells notice indicating ConsenSys might be operating as an unregistered broker, seeks to secure Ethereum’s future innovation and its role in the US as a vital blockchain platform. The outcome could significantly influence regulatory perspectives and the global crypto landscape, marking a critical juncture for Ethereum’s status and broader blockchain innovation in the United States..
MicroStrategy, a major tech firm with significant Bitcoin investments, may soon enter the S&P 500 due to new FASB accounting standards allowing digital assets to reflect current market prices in financial reports. This change could increase MicroStrategy’s earnings per share, crucial for S&P 500 eligibility. Success hinges on showing a profit in Q1 2024, marking a historic moment for cryptocurrency’s acceptance in mainstream finance..
The SEC has postponed its decision on approving spot Bitcoin ETF options, seeking public feedback on regulatory concerns. This move aims to assess the suitability of existing rules for these options, with a public comment period ending May 29, 2024. Analysts predict potential derivatives launch by September 2024, indicating a cautious yet progressive approach towards cryptocurrency integration into financial markets. This development could significantly impact investment strategies, market liquidity, and the broader acceptance of cryptocurrencies..
Arkham Intelligence uncovered Justin Bieber’s crypto wallet, revealing a $2M investment in NFTs, now worth just over $100,000 due to a significant market depreciation. Despite this, Bieber’s portfolio also includes 146.47 ETH and 12,136 APE, valued around $473,000, showcasing his broader investment in the cryptocurrency space. This insight highlights the volatility of NFT investments and the potential of cryptocurrencies, reflecting the growing interest of celebrities in digital assets despite inherent market risks..
InfiniGods has garnered $8M in Series A funding led by Pantera Capital to advance mobile blockchain gaming. This investment aims to refine blockchain infrastructure, widen user engagement, and simplify the technology for a better gaming experience, setting a new direction for Web3 games..
