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Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices.
Meanwhile, there’s a prediction market on whether the U.K. newspaper The Guardian will correct an article about prediction markets.
Cathie Wood’s Ark Invest was the first company to seek permission to create a spot ether ETF in September, a pioneer who blazed the trail before a wave of other high-profile applicants. It has since dropped out of the race, likely because of the incoming intense fee battle, experts say.
The approval of new exchange traded funds (ETFs) for Ethereum’s ether {{ETH}} is a logical next step to the regulator previously approving spot bitcoin ETFs, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler seemed to suggest twice on Wednesday.
The Uniswap Foundation keeps punting on a “fee switch” proposal that would give UNI governance token holders a cut of liquidity providers’ revenue.
A recent slew of tokens issued on Pump Fun by fairly well-known and local celebrities has gotten the crypto community divided on their purpose.
Plus, how much longshot money was made betting on the SEC approving an Ethereum ETF?
The White House is “eager” to work on a crypto bill. That was the sentiment of its latest statement on Wednesday, putting the administration on-the-record again about wanting new digital assets policies to protect investors. But U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler – the securities watchdog President Joe Biden hired as a member of his transition team and a key regulator – says don’t bother.
Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering.
Spot bitcoin exchange-traded funds debuted with a giant splash in January, quickly attracting billions of dollars of investment. But who was buying them and why have inflows stalled in recent weeks? Was it a fad that fizzled?