Category Archive: Cryptocurrency, No picture
Bear blues: over $296 million in shorts liquidated in 24 hours
The possibility of a spot Ethereum exchange-traded fund (ETF) approval in the US took the bears by surprise, resulting in over $296 million of short positions being liquidated in the past 24 hours, according to data aggregator Coinglass. Ethereum short positions liquidated represent $100 million of the total.Meanwhile, long positions represent just $80 million of […]
Ethereum-based meme coins surge up to 161% fueled by ETF speculation
The possibility of a spot Ethereum ETF approval this week sparked price leaps among Ethereum Virtual Machine-based meme coins, according to data aggregator DefiLlama. HarryPotterObamaSonic10Inu (BITCOIN) and Mog Coin (MOG) leapt 46.8% and 51.7%, respectively.Wojak and Hemule saw even more significant upside, rising 66.3% and 89% in the same period. Other Ethereum-based meme coins with […]
SEC asks updated spot Ethereum ETF filings from US exchanges: Report
The Securities and Exchange Commission (SEC) reportedly asked exchanges that would list spot Ethereum (ETH) exchange-traded funds (ETF) in the US to update their filings, said Joseph Edwards, head of research at Enigma Securities, to Reuters. “Opposing the ETH ETF after the BTC one was approved always seemed like an odd case for the SEC […]
Taurus expands to Vancouver amid North American digital asset boom
Digital asset services provider Taurus has announced the opening of its first North American office based in Vancouver, Canada. According to the announcement, this strategic move is part of Taurus’ ongoing international growth and efforts to cement its status as a key technology provider in the digital asset realm, now with a presence across three […]
Fidelity ‘will not participate’ in proof-of-stake, amends staking language in Ethereum ETF filing
Fidelity has filed an amended S-1 registration statement with the SEC for its prospective Ethereum (ETH) exchange-traded fund (ETF) ahead of upcoming deadlines for such funds.Notably, the amended statement removed all language about the fund’s participation in proof-of-stake validation for the Ethereum network, including staking rewards, which were mentioned in the previous prospectus. “The Trust […]
Hex Trust launches first native stablecoin USDX on Flare blockchain
Hong Kong-based crypto custodian Hex Trust Group has issued USDX, the first native stablecoin on Flare Network, an EVM-based layer 1 blockchain. The stablecoin will be available for use across lending protocols and exchanges.USDX’s launch comes with a unique staking mechanism, enabled through a dedicated T-Pool created by Clearpool, a decentralized credit marketplace. Users staking […]
SEC may let Ethereum spot ETFs happen, but not with staked ETH: Galaxy Digital Head of Research
The US Securities and Exchange Commission (SEC) may greenlight spot Ethereum exchange-traded funds (ETFs) that do not include the staking feature, suggests Alex Thorn, Head of Research at Galaxy Digital. He believes the SEC would distinguish Ethereum (ETH) and staked ETH in the approval process. “If the speculation about a 180 from SEC on the […]
Gala Games CEO admits fault in $240 million token exploit
Following the recent exploit that drained approximately $240 million worth of GALA tokens, Gala Games CEO Eric Schiermeyer responded with a statement, admitting to internal control failures and vowing to improve security measures. He also mentioned that the company has likely identified the perpetrator and is collaborating with the FBI, Department of Justice, and international […]
Gala Games hit by $200 million in possible inside job
A smart contract from Web3 gaming protocol Gala Games was allegedly exploited on Monday, with the hacker minting 5 billion units of the token GALA, which roughly translates to $200 million. Transaction that minted 5 billion units of GALA. Image: EtherscanThe user identified as Quit shared on X that the address responsible for the exploit is […]
Bitcoin punches above $70K, on brink of second breakout in months
Bitcoin has once again breached the $70,000 mark, reaching $70,225 per coin for the first time in over a month, marking its highest level since April 12.The 6% surge in 24 hours, as reported by CoinGecko, highlights a strong bullish sentiment from investors flooding newly approved spot Bitcoin exchange-traded funds (ETFs) with capital. The recent […]
