Category Archive: Cryptocurrency, No picture
Optimism to unlock $56 million in tokens today, OP slides 2%
Key Takeaways Optimism will unlock over 31 million OP tokens in the next few hours. The previous unlock caused a temporary price dip, but recovered slightly within a week. Ethereum layer 2 blockchain Optimism is set to unlock $56 million worth of OP tokens today. Ahead of the anticipated increase in supply, the price of […]
Supreme Court overturns Chevron deference, reshaping crypto policy
Key Takeaways The Supreme Court’s overturn of Chevron limits the SEC’s interpretive authority over crypto. The decision mandates judicial resolution of statutory ambiguities, impacting broader regulatory practices. The US Supreme Court’s 6-3 decision to overturn the Chevron doctrine marks a significant shift in federal regulatory power, with potential far-reaching implications for crypto policy.The ruling, led […]
US economic data paints a positive landscape for Bitcoin, experts say
Key Takeaways Slowing GDP growth could increase interest in Bitcoin as an alternative investment. Economic indicators like job claims and GDP data are crucial for predicting crypto market trends. The US Gross Domestic Product (GDP) numbers rose by 1.4% quarterly, meeting market expectations. Additionally, the Core Personal Consumption Expenditures (PCE) inflation fell to 2.6%, also […]
Ethereum resurgence and layer-2 boom define crypto Q2: IntoTheBlock
Key Takeaways Bitcoin’s price declined following its fourth halving, despite reduced issuance. Ethereum’s price rose following SEC’s approval of spot ETH ETFs. The second quarter in crypto was marked by Bitcoin (BTC) and Ethereum (ETH) trending down, BTC miners selling their reserves at a rapid pace, and layer-2 blockchains activity leaping four times, according to […]
SEC sues ConsenSys for alleged unregistered security brokerage
Key Takeaways ConsenSys has brokered over 36 million transactions without SEC registration. The SEC lawsuit claims ConsenSys deprived investors of necessary legal protections. The Securities and Exchange Commission (SEC) has initiated legal action against ConsenSys, alleging the company’s involvement in the unregistered sale and brokerage of securities through its MetaMask services.According to the SEC, since […]
Solana could 8.9x as it becomes the next crypto ETF — GSR
Key Takeaways Solana’s inclusion in a spot ETF could significantly impact its market value. Legislative changes in the US are creating a more favorable environment for crypto ETFs. A recently published report from GSR Markets, one of the biggest crypto market makers, analyzed how Solana could gain 8.9x as it progresses towards becoming the next […]
LayerZero and Trident3 launch P2P digital identity on over 70 blockchains
Key Takeaways T3id uses a non-transferable NFT to maintain unique user identities across blockchains. The “lock and mint” process allows for identity verification on multiple blockchain networks. Trident3 has recently integrated the peer-to-peer digital identity solution T3id with LayerZero. This collaboration will let users quickly identify themselves across over 70 blockchains connected through LayerZero’s infrastructure. […]
Kraken founder donates $1M to Donald Trump, calls him “the only pro-crypto major party candidate”
Key Takeaways Jesse Powell donates $1 million in Ethereum to support Trump’s pro-crypto stance. He criticizes the Biden administration for harmful crypto regulations. Jesse Powell, the co-founder of the crypto exchange Kraken, has contributed $1 million, mostly in Ethereum, to Donald Trump’s presidential campaign. According to Powell, Trump is the only major party candidate with […]
Biden-themed Solana memecoins fell sharply amid Biden-Trump first presidential debate
Key Takeaways Biden-themed Solana tokens plummeted during the Biden-Trump debate. No crypto mentions in debate despite high trader interest. Biden-themed Solana memecoins experienced a sharp decline during Thursday night’s first US presidential debate between Joe Biden and Donald Trump.Jeo Boden (BODEN), a token that references a misspelling of US President Joe Biden’s name, fell sharply […]
Crypto market faces $860M token unlocks in July
Around 40 crypto projects are set for token unlocks next month, with a combined value of roughly $860 million hitting the market. According to data from Token Unlocks, Xai, AltLayer, Arbitrum, and Aptos lead the charge with the largest token releases.Xai is set to release around 198 million XAI tokens on July 9, which represents […]
