Category Archive: Cryptocurrency, No picture
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. […]
Lawmakers push Biden to approve SAB 121 overturn to allow regulated financial firms to hold crypto
House Financial Services Committee Chairman Patrick McHenry (R-NC) and Senator Cynthia Lummis (R-WY) led a letter urging President Joe Biden to reconsider vetoing the bipartisan Congressional Review Act (CRA) resolution overturning Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 (SAB 121). The SAB 121 makes it prohibitive for highly regulated financial firms to custody […]
EOS Network unveils new token model with fixed supply of 2.1 billion tokens
EOS Network Foundation (ENF) announced today the adoption of a new tokenomics model for the EOS Network. Set for implementation on the mainnet tomorrow, the new token model introduces a fixed supply of 2.1 billion EOS tokens, moving away from the previous inflationary model with a 10 billion cap. “The choice of 2.1 billion tokens […]
Franklin Templeton files updated S-1 form for its Ethereum ETF, sets 0.19% management fee
Franklin Templeton has filed an updated S-1 form with the Securities and Exchange Commission (SEC) for its anticipated Ethereum exchange-traded fund (ETF), setting a competitive management fee at 0.19%.The recent filing comes as the SEC has called on ETF issuers to finalize their S-1 forms by the end of the week. Insiders familiar with the […]
21.co debuts Wrapped Bitcoin on Solana, targeting $1 trillion in idle Bitcoin funds
Crypto services provider 21.co has announced its Wrapped Bitcoin token on the Solana, called 21BTC. This move is set to bridge Bitcoin with Solana’s smart contract capabilities, enhancing liquidity and utility across networks. The announcement adds that tokens “will play a crucial role in the digital transformation of capital markets,” but the on-chain interoperability is […]
Futureproof Yourself: Enter the World of Cutting-Edge Tech with XERAPRO
The digital age is hurtling forward at breakneck speed. New technologies are emerging seemingly every day, transforming industries and reshaping the global landscape. In this dynamic environment, staying ahead of the curve is paramount. So, how do you navigate the evolving technological terrain and equip yourself with the skills and knowledge to succeed?This is where […]
