Tag Archives: AA News

Gary Gensler – chairman of the US Securities and Exchange Commission (SEC) – sat down with CNBC’s Mad Money host Jim Cramer on Wednesday to discuss the regulator’s Bitcoin and Ethereum ETF approvals, alongside what may be coming next. That included questions about whether obscure meme coins could soon receive their own ETFs, such as SushiSwap (SUSHI) and Bonk (BONK). Cramer named a host of coins to Gensler that had all traded “millions of dollars” on Wednesday morning –...

Since mid-March, there has been a notable trend of large bitcoin holders or “whales” stashing more tokens. The latest data suggest that a particular cohort of whale addresses now collectively own more than 40% of the total bitcoin supply. Whales Gobble Up Bitcoin Supply The accumulation of bitcoin by large holders or “whales” holding over 1,000 BTC has been a notable trend since mid-March. According to IntoTheBlock’s tweet, addresses with over 1,000 BTC now collectively own...

Vitalik Buterin, the co-founder of the Ethereum network, has expressed his unhappiness about the celebrity meme coin experiments in this bull cycle. According to a tweet by the Canadian-Russian computer programmer, he would deem the meme coin projects more honorable and respectable if they had a public goal and were geared toward pushing specific causes in a better direction. Celebrity Meme Coin Craze Over the past few weeks, several celebrities, including Olympian and media...

With meme coins creating buzz all year, whales have doubled down on accumulating these tokens. One such whale has been massively accumulating Shiba Inu (SHIB) tokens, spending 4,849 ETH, worth around $18.44 million, to purchase a whopping 715.9 billion SHIB over the span of just six hours. This is an extraordinary buying spree, even for this particular investor, who has been incredibly successful with SHIB in the past. SHIB Accumulation Spree According to Lookonchain’s...

Professional English football team Watford Football Club wants to sell 10% of its equity to investors, including its fans. According to a press release shared with CryptoPotato, Watford FC will offer the shares on crypto and startup investment platform Republic and its European crowdfunding arm Seedrs. Watford to Sell 10% Equity Per the announcement, Watford is looking to raise roughly £17.5 million ($22.3 million) from the equity sale. The club is valued at £175 million...

Austrian crypto broker Bitpanda has expanded its partnership with Deutsche Bank to implement real-time payment solutions for user transactions in Germany. Through an API integration, Bitpanda will gain access to German IBAN accounts, streamlining the deposit and withdrawal process for German users. Bitpanda’s German IBAN Integration International Bank Account Numbers (IBANs) are internationally agreed codes that identify bank accounts across national borders. They provide a...

Bitcoin is already entering the latter part of its S-curve adoption cycle, leading to less volatility for the asset than old investors may be used to, according to Fidelity’s Director of Global Macro Jurrien Timmer. During an interview published on Tuesday, the macro analyst explained how he believes Bitcoin will size up next to gold, and where the asset belongs within a traditional 60/40 portfolio. Bitcoin’s Place Among Traditional Assets Timmer acknowledged that the recent...

Despite the renewed hype surrounding meme coins, the OG Dogecoin’s price action has remained relatively dull. But whales appear to be bullish on the asset’s price trajectory as they continue to rake in tokens. According to crypto analyst Ali Martinez, large holders or whales have been actively accumulating Dogecoin over the past five days. Martinez stated that such entities have added a staggering 200 million DOGE to their holdings, signaling a significant accumulation phase...

The supply of bitcoin held by miners has dwindled to levels not seen in over 14 years. This massive decline in miner reserves comes at a time when the broader cryptocurrency market is witnessing a surge in institutional interest and growing mainstream adoption. Bitcoin Miner Reserves Hit 14-Year Low According to on-chain analysis firm CryptoQuant’s latest analysis, the last time miner reserves were this low, bitcoin was still in its infancy. Bitcoin creator Satoshi Nakamoto...

Matter Labs, the developer behind the ZkSync Ethereum Layer 2 network, has decided to abandon its efforts to trademark the term “ZK.” In an update on June 3rd, Matter Labs said its decision to abandon its efforts to trademark the term “ZK” stems from the reasoning that it is “impossible to agree on a group of people perceived as credibly neutral by nearly everyone.” Matter Labs Drops “ZK” Trademark Effort Matter Labs had previously filed to trademark the term zero-knowledge...