News

Top Asset Managers File Amended Forms for ETH ETF Approval

Three giant asset managers - BlackRock, Grayscale, and Bitwise, have filed amended Form 19b-4 with the SEC, removing staking provisions for their proposed Ethereum ETFs to gain regulatory approval.

Yagyesh Jaiswal

With the latest filings addressing regulators' concerns around passive income generation, the top firms are hopeful their Ethereum spot ETFs will finally get the green signal, opening up institutional investment in Ether.

FTX Founder Sam Bankman-Fried Moved to Undisclosed CA Prison

Former FTX founder and CEO Sam Bankman-Fried has been moved from his New York prison to a medium-security facility in California as he appeals his fraud conviction.

Yagyesh Jaiswal

After being convicted and sentenced to 25 years for fraud and money laundering related to the collapse of FTX, SBF will now serve his time at a new prison while his lawyers work on overturning the charges.

VanEck ETH ETF Listed by DTCC Before SEC Decision

VanEck's spot Ether ETF has been listed on the DTCC platform, an important step before final SEC approval. Investors await the regulator's decision on May 23.

Yagyesh Jaiswal

VanEck's Ether ETF listing by DTCC signals progress, but regulator approval is still needed. The crypto community closely watches the impending SEC deadline for a decision that could drive adoption.

Bitcoin Pizza Day: How 10,000 BTC for Pizza Became a Legend

Explore the fascinating backstory and lasting impact of Laszlo Hanyecz's pioneering 2010 pizza purchase for 10,000 BTC, worth over $650 million today.

Yagyesh Jaiswal

More than a feel-good crypto tale, this purchase helped drive Bitcoin's first real-world use. Its anniversary continues to inspire new believers in cryptocurrency's promise of empowering individuals and transforming commerce. Laszlo's legacy ensures his place in the history books.

BlackRock Pursues Spot Ethereum ETF, Eyes Approval Streak

The SEC may approve a spot Ethereum ETF as early as this week, potentially marking a significant regulatory milestone for cryptocurrency investments, with major players like BlackRock leading the charge.

Yagyesh Jaiswal

The imminent approval of a spot Ethereum ETF could signify a major breakthrough in crypto regulations, with BlackRock and other key players at the forefront of fostering institutional adoption.

Gala Games Faces $200 Million Loss Due to Security Breach

Gala Games faces a $200 million exploit as attackers mint 5 billion GALA tokens, marking another significant security breach in the blockchain gaming sector.

Yagyesh Jaiswal

Gala Games was exploited for approximately $200 million, with attackers minting 5 billion GALA tokens. This breach highlights ongoing security challenges and impacts on token prices.

Anthony Scaramucci Predicts Surge in Institutional Bitcoin Adoption

Anthony Scaramucci of SkyBridge Capital predicts a rapid increase in institutional adoption of Bitcoin, driven by recent regulatory approvals and its potential as a hedge against inflation.

Yagyesh Jaiswal

Anthony Scaramucci discusses the accelerating pace of institutional Bitcoin adoption, citing regulatory clarity and its role as 'digital gold' as key drivers behind this trend.

Number of New BTC Wallets Hits Lowest Point Since 2018

An analysis of the decline in new Bitcoin wallets being created on the blockchain, falling to levels not seen since 2018 according to data from The Block.

Yagyesh Jaiswal

The creation of new Bitcoin wallets has dropped sharply in recent months according to blockchain data. This decline could signal reduced interest among newcomers, though new ecosystem developments may spark renewed growth.

Crypto Giants Accumulate 250,000 BTC Through ETFs

A new report shows how leading investment firms have accumulated over 250,000 Bitcoins worth billions through Bitcoin ETFs, while average investors remain cautious.

Yagyesh Jaiswal

As ETFs open the doors for major institutions, whales associated with hedge funds and pensions have added greatly to their Bitcoin holdings. However, retail investment in the asset has slowed, suggesting that many individual investors prefer adopting a wait-and-see approach.

Phantom Wallet Surges to No 3. On Apple Store

Crypto wallet Phantom climbs to #3 on the Apple App Store boosting Solana adoption. What do rising wallet downloads and rankings signal for SOL price?

Yagyesh Jaiswal

Phantom Wallet's success signals more people are choosing to explore and participate in the Solana ecosystem, demonstrating growing confidence and interest that could point to higher SOL prices in the future.

USDT At Centre of $2BN Crypto Fraud Ring.

Chinese law enforcement agencies have uncovered a $2 billion underground money laundering ring that used USDT to enable illegal financial transactions across China. 193 suspects have been arrested.

Yagyesh Jaiswal

This investigation demonstrates the commitment of Chinese authorities to crack down on criminal operations that exploit stablecoins like USDT. Tether and law enforcement will continue collaborating to strengthen protections and eliminate misuse of digital currencies.

El Salvador Extracts 475 BTC From Volcanic Energy Since 2021

Learn how El Salvador has mined over 475 Bitcoins worth $29 million using geothermal energy from its volcanoes since 2021, pioneering renewable crypto mining.

Yagyesh Jaiswal

Through its natural geothermal resources, El Salvador demonstrates how cryptocurrency mining can be accomplished using renewable energy sources, paving the way for a sustainable crypto industry.

Tornado Cash Developer Gets 5+ Years for Crypto Laundering

Discover the implications of the Dutch court's decision to sentence Tornado Cash developer Alexey Pertsev to over five years in prison, sparking widespread concern and debate within the cryptocurrency community.

Yagyesh Jaiswal

Crypto developer Alexey Pertsev has been sentenced to over five years for laundering $1.2 billion, causing uproar among crypto advocates who see this as a threat to privacy and innovation.

Major Institutional Investments Surge into Bitcoin ETFs

Discover how major institutions like the State of Wisconsin Investment Board and Titan Global are leading the charge in Bitcoin ETF investments, marking a significant turn in institutional engagement with cryptocurrencies.

Yagyesh Jaiswal

Major institutions are increasingly investing in Bitcoin ETFs, with significant purchases by the State of Wisconsin Investment Board and Titan Global, highlighting a trend towards broader institutional acceptance of cryptocurrencies.

Roaring Kitty Ignites Meme Coins and GameStop Rally

Keith Gill's return sparks a surge in GameStop stock and meme coins, signaling potential shifts in the financial market landscape influenced by prominent social media figures.

Yagyesh Jaiswal

Keith Gill, also known as Roaring Kitty, returns to social media, triggering significant spikes in GameStop stock and meme coins, reflecting his continued influence in the financial markets.

Coinbase Withdrawal Glitches Persist Despite Resolution Claims

Coinbase users report ongoing withdrawal issues despite the platform's claims of resolving a major outage, affecting confidence and Bitcoin prices.

Yagyesh Jaiswal

Coinbase users continue to face withdrawal problems following a system-wide outage, despite official statements declaring the issue resolved. The ongoing issues have influenced Bitcoin's market price and raised concerns about the platform's reliability.

ETH-Based StableCoin Deposit Drop Could Mean Trouble For BTC

A recent sharp decline in deposits of stablecoins to exchanges may signal less demand to buy volatile cryptocurrencies like Bitcoin, which could put downward pressure on prices.

Yagyesh Jaiswal

Analysis of on-chain data showing reduced stablecoin deposits to exchanges explains why this trend may imply less buying pressure for Bitcoin and other cryptocurrencies, possibly dampening their price rallies. With stablecoin demand to trade for other digital assets appearing to wane, a bearish outlook for the top cryptocurrency emerges.

China Takes Down $295M Crypto Underground Banking Ring

Chinese police have arrested six suspects involved in an illegal underground banking operation that facilitated foreign exchange between Chinese Yuan and South Korean Won worth $295 million using cryptocurrency.

Yagyesh Jaiswal

Authorities in China busted a large-scale underground banking ring exploiting cryptocurrency anonymity to covertly facilitate cross-border currency exchanges between China and South Korea totaling billions in transactions. Loopholes exploited by such operations and China's ongoing efforts to regulate cryptocurrency are also examined.

Crypto Scammer Returns Millions for Bounty

Discover how a victim's strategic bounty offer led to the recovery of millions in stolen cryptocurrency, highlighting a rare negotiation success in the crypto world.

Yagyesh Jaiswal

After losing $70.5 million in crypto to a scammer, a trader successfully recovers half by offering a 10% bounty, showcasing a unique resolution in cryptocurrency theft.

Major Banks Disclose Bitcoin ETF Holdings

Discover how major banks like JP Morgan and Wells Fargo are embracing Bitcoin through investments in ETFs, marking a significant trend in the traditional financial sector's approach to digital assets.

Yagyesh Jaiswal

JP Morgan and Wells Fargo report investments in Bitcoin ETFs, signaling growing interest from traditional financial institutions in cryptocurrency as a viable asset class.

Binance Bribery Claims Weakens Foreign Investment in Nigeria

Nigeria risks deterring foreign investment if issues around Binance executives' detention are not resolved promptly and transparently.

Yagyesh Jaiswal

Unless addressed carefully, the bribery claims surrounding Binance officials' arrest could damage Nigeria's efforts to attract much-needed investment abroad. A fair investigation is crucial to reassure potential backers.

El Salvador Unveils Its BTC Holdings Worth $360 Million

Discover El Salvador's recent revelation of its Bitcoin treasury holdings, totaling over 5,700 BTC worth around $360 million. Key details on transaction history, profit/loss, and the country's ongoing Bitcoin acquisition strategy are explored.

Yagyesh Jaiswal

El Salvador has revealed the current size of its Bitcoin treasury, totaling over 7,000 BTC after steadily purchasing through bear market volatility in 2023. With a dollar cost average under $50,000, the nation has already locked in over $100 million in profits from its Bitcoin strategy.

Binance Faces Scrutiny Over $300M Wash Trading Investigation

Binance fired its top investigators after they alleged that one of its VIP clients, DWF Labs, conducted $300 million in potential wash trades that manipulated cryptocurrency prices. This sparks questions about the exchange's market oversight.

Yagyesh Jaiswal

The firing of Binance's monitoring team after alleging market manipulation by a key client has brought serious regulatory concerns. Both sides have denied wrongdoing while regulators watch closely as the investigation continues.

Crypto Scammer Returns Over $34M After Victim's Unique Offer

A notorious crypto thief has started returning over $34 million worth of stolen funds to the victim after the victim proposed a 10% bounty if the stolen assets were given back.

Yagyesh Jaiswal

By creatively proposing a bounty, one crypto hack victim was able to turn the tables on their attacker and regain the majority of the stolen funds, a remarkable outcome from what could have been a total loss. Offering incentives may prove an effective strategy for other victims to explore.

Hoskinson Critiques Biden's Crypto Stance

Cardano founder Charles Hoskinson accuses the Biden administration of attempting to suppress the US crypto industry, highlighting a significant political issue ahead of the 2024 elections.

Yagyesh Jaiswal

Charles Hoskinson claims the Biden administration is undermining the cryptocurrency industry, a move that could sway crypto holders' votes in the upcoming elections.