Category Archive: Cryptocurrency, No picture
Farcaster raises $150M led by Paradigm to expand decentralized social network
Farcaster, a decentralized social media platform built on the Ethereum blockchain and Optimism’s layer-2 ecosystem, has raised $150 million in a funding round led by Paradigm, with participation from notable investors such as a16z, Haun, USV, Variant, and Standard Crypto.Founder Dan Romero announced the successful fundraising in a recent post, stating that the funds will […]
Ethereum researcher alleges Wikipedia of biased Solana coverage
Ethereum researcher Emmanuel Awosika posted allegations on X that Wikipedia has an anti-crypto stance, with its coverage of Solana, in particular, being unfair. The allegations made by Awosika also put into questions regarding the involvement of Molly White in editing crypto-related articles on the platform. “[…] people have complained about Wikipedia’s coverage of the crypto […]
Soulbound: Your all-in-one hub for gaming, streaming, and creativity
Soulbound, the avant-garde gaming ecosystem, is taking the world by storm with its unique features and dynamic offerings. Positioned as the ultimate web3 destination, Soulbound is redefining the gaming experience for gamers, streamers, guilds, and artists alike.Soulbound offers a comprehensive platform for gamers to showcase their achievements, embark on in-game quests, stream-to-earn, and share their […]
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 […]
