US President Joe Biden vetoes SAB 121 repeal
United States President Joe Biden said he vetoed the resolution because “he will not support measures that jeopardize the well-being of consumers and investors.” Go to Source
Month: May 2024
Penguiana Doubles Market Cap to Over $2.5 Million Ahead of GUIANA NFT Mint
Penguiana, the distinctive penguin-themed meme coin on the Solana blockchain, continues to captivate the crypto community, achieving a new milestone by doubling its market cap to over $2.5 million according to Dexscreener. This surge in valuation underscores the strong investor confidence and community enthusiasm surrounding the project, especially with the impending launch of the GUIANA … Read more
New York Tightens Customer Service Regulations for Crypto Companies
The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair resolution of issues, maintain records for regulatory review, and provide quarterly analyses. New York Regulator Requires Crypto Firms to Adopt New … Read more
Crypto Re-Staking Platform Attracts $18.8 Billion
The rising trend of “re-staking” has driven significant cryptocurrency investments into platforms that reward users for locking up their tokens. Leading this movement is Seattle-based startup Eigenlayer, which secured $100 million in funding from Andreessen Horowitz’s crypto arm in February. Eigenlayer has attracted $18.8 billion worth of crypto to its platform from less than $400 … Read more
BlockDAG Outshines ETH & SOL in Global Crypto Race
BlockDAG’s Global Initiatives Catalyze Early Mainnet Rollout and Presale Success: 10.3B Coins Sold, Surpassing Ethereum and Solana Ethereum’s market value is climbing, spurred by the recent endorsement of spot ETH ETFs that has piqued investor interest. At the same time, Solana validators are looking forward to higher earnings from transaction fees following the ratification of … Read more
Ripple CEO says XRP ETF ‘inevitable’ — Consensus 2024
Brad Garlinghouse said he believes the market is headed toward a $5 trillion valuation and that the advent of XRP, SOL, and other crypto ETFs is a matter of time. Go to Source
Traders Beware: Caitlyn Jenner’s Meme Coin Ventures On Solana
Traders are being cautioned to exercise vigilance when dealing with tokens promoted or launched by celebrities. A recent report from Lookonchain revealed that Caitlyn Jenner has earned 2,381 $SOL (approximately $405,000) by launching twelve meme coins on the Solana blockchain over the past four days. On May 27, Caitlyn Jenner (@Caitlyn_Jenner on Twitter) launched a … Read more
Grayscale Allegedly Sells 5,812 ETH, Possibly For Ethereum Trust Management Fees
In a significant development, Grayscale has reportedly commissioned Flow Traders to sell 5,812 ETH, valued at approximately $21.75 million. This move is speculated to be for covering the management fees of the Ethereum Trust Fund. Grayscale imposes a 2.5% annual management fee on the Ethereum Trust (ETHE). With the current holdings standing at 2.97 million … Read more
Bybit restructures executive team following $26M airdrop fiasco
Bybit confirmed internal role changes for several executives following a botched airdrop that affected 320,000 users and led to a $26 million compensation payout. Go to Source
Metaplex Announces Introduction of Hybrid Defi Protocol for Solana
Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a fixed number of tokens assigned by the designers of each artistic collection. Metaplex Aims to Extend Hybrid … Read more
