Alex Thorn, the Head of Research at Galaxy Research, speculated that the SEC could differentiate between Ethereum (ETH) and staked Ether, possibly classifying the latter as a security. He noted that this distinction could provide a regulatory loophole for approving spot Ethereum ETFs. Spot Ethereum ETF Approval Loophole In a May 21 post on X, he stated, “If the speculation about a 180 from SEC on the Ethereum ETFs is true, I would guess they try to thread a needle between...
Read More »Common AMM launches on Aleph Zero: The First Step Towards Releasing the Ultimate ZK DeFi Suite
[PRESS RELEASE – Zug, Switzerland, May 21st, 2024] Cardinal Cryptography, core developer of the zero-knowledge, privacy-focused blockchain Aleph Zero, announced today the launch of Common Automated Market Maker (AMM), the first mainnet release of a novel DeFi platform, Common. Positioned as a decentralized exchange (DEX), Common’s Automated Market Maker (AMM) delivers a user-friendly trading experience, complete with the built-in bridge between Aleph Zero and Ethereum, MOST,...
Read More »BEFE Coin: The Newcomer Making Waves Among Top 100 Meme Coin Giants
BEFE Coin, the newcomer to the meme currency market, has quickly risen to the top 100 rankings. This unexpected arrival has sent the market into a frenzy, capturing the attention of a global audience of crypto fans. Let’s go further into how BEFE operates and attempt to figure out why this digital currency is the new favorite. BEFE, the sensational new meme-focused altcoin king, seems never to catch its community idle by the increase in market value and ecosystem...
Read More »a16z Crypto Publishes Web3 Letter Ahead of Major Regulatory Clarity in US
Coinspeakera16z Crypto Publishes Web3 Letter Ahead of Major Regulatory Clarity in US The United States Congress will vote on a bill that defines crypto decentralization as no single entity with a control of more than 20% of the voting power. a16z Crypto Publishes Web3 Letter Ahead of Major Regulatory Clarity in US
Read More »Crypto Boom: Market Surges by $200B as BTC and ETH Hit 6-Week Highs
CoinspeakerCrypto Boom: Market Surges by $200B as BTC and ETH Hit 6-Week Highs Ethereum spearheaded the altcoin rally, driven by renewed optimism about the approval of spot ETH ETFs by the US SEC. Crypto Boom: Market Surges by $200B as BTC and ETH Hit 6-Week Highs
Read More »Ethereum Options Turn Bullish as ETH Price Jumps 20% on Spot Ether ETF News
CoinspeakerEthereum Options Turn Bullish as ETH Price Jumps 20% on Spot Ether ETF News The open interest for the monthly expiry of Ethereum options has surged to $3.2 billion with the call-to-put ratio favouring the buy options. Ethereum Options Turn Bullish as ETH Price Jumps 20% on Spot Ether ETF News
Read More »Gala Games Exploited for 5B $GALA Tokens Worth Over $214 Million
CoinspeakerGala Games Exploited for 5B $GALA Tokens Worth Over $214 Million The Gala Games hacker quickly liquidated over $21 million worth of $GALA tokens to Ether resulting in notable panic selling. Gala Games Exploited for 5B $GALA Tokens Worth Over $214 Million
Read More »Coinbase Derivatives to Launch Oil and Gold Futures Contracts
CoinspeakerCoinbase Derivatives to Launch Oil and Gold Futures Contracts Coinbase has not limited its expansion to products and services alone as it equally pursues diversification outside the United States where it has faced several legal challenges. Coinbase Derivatives to Launch Oil and Gold Futures Contracts
Read More »Here’s Why ETH Just Exploded 10% Back To $3400
Ether (ETH) surged 10% on Monday in the span of a few minutes following credible rumors that the asset could receive its own spot ETF in the United States within days. ETH traded for $3150 on Monday at 17:44 UTC, before surging to $3450 within 25 minutes. This followed a tweet from Bloomberg ETF analyst Eric Balchunas at 17:20 UTC that he and his partner, James Seyffart, were upping their odds of ETH ETH approval this month from 25% to 75%. “Hearing chatter this afternoon...
Read More »VR Crypto Project 5th Scape Hits $6M in Presale – Here’s Why Investors are Bullish
Imagine stepping into an immersive virtual reality world, all powered by crypto. That’s the big idea behind 5th Scape (5SCAPE) – a new VR project on Ethereum that is making waves after raising $6 million during its presale phase. 5th Scape – A New VR Ecosystem Built on Ethereum 5th Scape is a cutting-edge platform that’s taking VR experiences to the next level. The platform will offer a library of 3D VR games in genres such as MMA, cricket, soccer, archery, and more. But...
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