Crypto

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Coinbase, Ripple, Meta Join Forces to Fight Crypto Scams, Including Pig Butchering

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Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including crypto scams like the pig butchering scheme. “We are dedicated to disrupting emerging online scams through collaboration, information sharing, and enhanced consumer education,” said Coinbase’s chief security officer. ‘Tech Against Scams’ Coalition Established Several … Read more

House Passes Landmark Crypto Bill Marking ‘Historic Day’ for Americans

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The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote of 279 to 136. “FIT21 is the first legislation of … Read more

Goldman Sachs CEO Forecasts No Fed Rate Cuts This Year

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David Solomon, CEO of Goldman Sachs, expressed doubts about the Federal Reserve cutting interest rates this year due to the resilient economy, bolstered by government spending and investments in AI infrastructure. Despite these factors, Solomon highlighted the impact of rising prices on consumer behavior, referencing recent reports from McDonald’s and Autozone indicating reduced spending. He … Read more

Uniswap Challenges SEC Wells Notice, Defends Autonomous Protocol

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Uniswap Labs has responded to the U.S. Securities and Exchange Commission’s Wells Notice, asserting that its protocol does not fall under the agency’s regulatory jurisdiction. The response emphasizes the autonomous nature of Uniswap’s decentralized finance (defi) technology and argues against the classification of its activities as operating an exchange or broker. Uniswap Responds to SEC … Read more

Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign

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In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to … Read more

US Spot Bitcoin ETFs See $305M in Inflows; Blackrock’s IBIT Dominates

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U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $305.7 million on Tuesday, marking a seventh consecutive day of positive inflows. According to data, Blackrock’s IBIT led the day, capturing 94.86% of the total inflows for all the ETFs. Tuesday Sees $305M in Inflows Into U.S. Spot Bitcoin ETFs Amidst the excitement around proposed … Read more

Worldcoin Faces Global Scrutiny Over Privacy Violations

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The Hong Kong government has ruled that Worldcoin’s operations in the region violate the Privacy Ordinance, leading to an enforcement notice that demands the cessation of its iris scanning activities. Worldcoin has confirmed that it conducted facial and iris scan authentication on 8,302 people in Hong Kong. Worldcoin’s troubles extend beyond Hong Kong. Following similar … Read more

Nasdaq Revises World’s Largest Asset Manager Blackrock’s Spot Ether ETF Proposal

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On Wednesday, Nasdaq, the second-largest American stock exchange based in New York City, revised its 19b-4 filing for Blackrock’s spot ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Nasdaq Amends Blackrock’s Ether ETF 19b-4 Filing Following several amended 19b-4 filings by Cboe on Tuesday, Nasdaq has refiled Blackrock’s 19b-4 submission. Blackrock, … Read more

Ethena’s ENA Token Shows Promise Despite Recent Volatility

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Ethena’s ENA token has experienced a dynamic week, rising 19% over the past seven days. However, recent market movements have seen GSR Markets, a key market maker for ENA, deposit 5.5 million ENA tokens worth $4.84 million into Gate.  This action coincided with a 5.4% drop in ENA’s price over the past 24 hours and … Read more

Prospects of Ethereum ETFs Drive Grayscale Ethereum Trust’s NAV Discount to Lowest Since 2021

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On May 21, with the potential approval of several spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Grayscale’s Ethereum Trust (ETHE) saw its discount to net asset value (NAV) reach its lowest point since 2021. Grayscale Ethereum Trust’s NAV Discount Diminishes to 2021 Levels About a week ago, Grayscale’s Ethereum … Read more

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