Tag Archives: AA News

Metaplanet, a firm in Japan known as “Japan’s MicroStrategy” on Crypto Twitter, has seen its shares surge 158% over the last week. Following this, trading stock came to a stop for two consecutive days. Meanwhile, the company is now in the lead among Japanese stocks as the highest gainer. Metaplanet’s Bitcoin Strategy Pays Off Metaplanet has gained attention due to its strategy, which has been likened to MicroStrategy’s. Notably, the latter is the largest Bitcoin corporate...

Bloomberg exchange-traded fund (ETF) analyst James Seyffart believes a Solana ETF would see more demand than similar funds for other altcoins, except ether (ETH). Seyffart’s statement was in response to a video in which CNBC Fast Money trader and crypto investor Brian Kelly said Solana ETFs were next in line following the approval of Ethereum ETFs by the United States Securities and Exchange Commission (SEC). Solana ETF to See Heavy Demand The chances of the SEC approving a...

The United States House of Representatives voted on Thursday in favor of barring the Federal Reserve from directly issuing a Central Bank Digital Currency (CBDC) to its citizens. The CBDC Anti-Surveillance State Act bill garnered support from 213 Republicans and 3 Democrats, making the final tally 262 ‘yea’ to 192 ‘nay’. Republicans Pass Another Crypto Bill The bill, introduced by pro-crypto Rep. Tom Emmer (R-MN), marks the third crypto-focused legislation approved by...

Federal prosecutors are calling for a prison sentence of five to seven years for former FTX executive Ryan Salame, who has been implicated in its multibillion-dollar collapse. His defense team asserts that his punishment should reflect his role in exposing the fraud, pushing for a lighter sentence of no more than 18 months. Salame’s Defense According to a sentencing memo filed in federal court in Manhattan on Tuesday seen by Bloomberg, prosecutors emphasized the seriousness...

The U.S. House of Representatives passed legislation on Monday that will provide long-sought-after legal clarity around how crypto assets should be classified, registered, and custodied. The bill, titled the Financial Innovation and Technology for the 21st Century Act (FIT21), received near unanimous support from Republicans alongside 71 additional votes from Democrats, resulting in a final tally of 279 ‘yea’ to 136 ‘nay’. A ‘Historic’ Step For Crypto Regulation Crypto...

Uniswap Labs, the company behind the decentralized exchange Uniswap, has issued a response to the Wells Notice from the U.S. Securities and Exchange Commission. Meanwhile, Uniswap’s native token UNI has surged 2.0% over the last 24 hours and 37% over the week to hit $9.48. Uniswap Labs Criticizes SEC’s Legal Basis In a blog post on May 21, Uniswap Labs criticized the SEC’s basis for the notice, calling it “weak.” The firm compiled a number of reasons why the agency’s pursuit...

Bitcoin has climbed above $71,000 this week, breaking out of the tight trading range it had been confined to for several weeks. One of the main catalysts for this price action is the strong demand through ETFs, with net inflows of approximately $1.2 billion over the last week. Going forward, several key factors suggest a new wave of demand could be building for Bitcoin. New Wave of Demand for Bitcoin As noted by CryptoQuant’s latest analysis, over the past week alone, these...

BTC prices have retreated back below $70,000 during Wednesday morning’s Asian trading session but markets are not overbought yet, according to analyst James Check. “Right now, using a variety of volume metrics as the input, BTC prices appear to be right in line with the fundamentals,” he said in a newsletter on May 21. Moreover, the market looks like it did in late-2020, he added. In early December 2020, BTC prices rose to reclaim its 2017 all-time high of $20,000. It...

The Trump campaign announced on Tuesday that it would begin accepting cryptocurrency donations, marking the first time a major party presidential nominee has done this. This decision is in line with Trump’s broader agenda, which the campaign described as valuing “freedom over socialistic government control.” Trump Campaign Vows to Build “Crypto Army” According to a campaign press release, Trump supporters can now donate using “any cryptocurrency accepted through the Coinbase...

On Monday, New York Attorney General Letitia James announced that her office has secured a $2 billion settlement with the bankrupt cryptocurrency firm Genesis Global. This agreement comes in response to allegations that Genesis defrauded investors, including tens of thousands of New Yorkers. $2 Billion Settlement In a post on social media platform X, AG James revealed that this is the largest settlement against a crypto company in New York history. It aims to compensate...