Category Archive: Cryptocurrency, No picture
Ethereum options traders turn bullish following ETF approval, says Nansen analyst
The approval of spot Ethereum (ETH) exchange-traded funds (ETF) in the US on May 23 made ETH options traders more bullish, according to Aurelie Barthere, Principal Research Analyst at Nansen. Despite failing to spark a significant spot market upside, the implied volatility of call and put options on ETH has decreased slightly since the approval.Year-to-date […]
Crypto funds inflows surpass $15 billion and set new record
Crypto funds registered $185 million in inflows last week, amounting to $2 billion in May, and $15 billion in 2024. According to asset management firm CoinShares, trading volumes experienced a dip despite the positive influx, descending to $8 billion compared to $13 billion the previous week.Bitcoin continued to attract investor confidence with inflows of $148 […]
Linea faces criticism over block production halt
Ethereum layer-2 blockchain Linea has come under scrutiny from the crypto community following its decision to unilaterally stop block production in response to a hack on Velocore, a decentralized exchange (DEX) operating on its network. The move has ignited a discussion about the importance of decentralization and censorship resistance in the blockchain industry.The Velocore hack […]
OKX expands exchange and wallet services to the Netherlands
OKX has officially launched its centralized exchange (CEX) and Web3 wallet in the Netherlands, offering Dutch customers access to a wide range of crypto services.The OKX CEX enables Dutch users to trade approximately 150 cryptocurrencies, with at least 60 trading pairs available in euros. To facilitate seamless euro deposits and withdrawals, OKX has integrated with […]
Frax Finance CEO suspects inside job at X in socials hack
Frax Finance, a crypto lending platform, had its X account hacked on June 1, prompting CEO Sam Kazemian to appeal to his followers for assistance in contacting X customer service. The hack has raised concerns about the security of social media accounts and the potential involvement of insiders in such breaches.According to Kazemian, the passwords […]
Space ID set to unlock 18% of token supply this month
Space ID, a universal name service network and one-stop identity platform for Web3 domains, is expected to unlock over $55 million worth of ID tokens on June 22, 2024, according to data from Token Unlocks. This represents 18% of its circulating supply.Token unlocks are often used to manage the emission of tokens over time, ensuring […]
Solana-based memecoin $GME surges by 300% on Roaring Kitty’s return
Keith Gill, also known as “Roaring Kitty,” a famous trader linked to the 2021 GameStop short squeeze, reappeared on social media on Sunday. His return sparked a frenzy in the meme coin market, especially the Solana-based memecoin $GME. The memecoin saw its value more than triple, with its market cap surpassing $100 million—a 300% jump […]
ARK Invest opts out of Ethereum spot ETF, explores alternative paths: Report
Spot Ethereum exchange-traded funds (ETFs) have seen several developments this week following listing approval on May 23. The most remarkable is that Cathie Wood’s ARK Invest suspended its spot Ethereum ETF plans. An ARK spokesperson stated in an email that it would seek better investor opportunities. “At this time, ARK will not be moving forward […]
Arbitrum’s proposal to unlock 225M ARB for gaming boost sparks debate
Arbitrum’s recent proposal to release 225 million ARB tokens, valued at approximately $250 million, for its Gaming Catalyst Program (GCP) has stirred controversy among its community members. Critics argue that the proposed budget is excessive.Ryan Graham, an analyst at Messari, said he initially supported the proposal but reversed his position due to discrepancies in the […]
Biden vetoes resolution overturning SEC’s controversial crypto guidance, says repeal would ‘jeopardize’ consumers
President Joe Biden has vetoed a bipartisan resolution that aimed to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121), a controversial piece of guidance that establishes accounting standards for firms that custody crypto assets.The resolution had passed both the House and House with significant support from Republicans and some Democrats. […]
