News

Fidelity Files for Ethereum ETF Amid Uncertainty

Fidelity Investments files for an Ethereum ETF, showcasing the financial industry's eagerness to merge digital assets with traditional investment products amidst regulatory uncertainties.

Yagyesh Jaiswal

Fidelity Investments proceeds with the registration for a spot Ethereum ETF, navigating through an uncertain regulatory framework, signaling strong interest in digital asset integration into conventional financial offerings.

BlackRock's Fink: Bitcoin Rises with IBIT Success

Larry Fink, CEO of BlackRock, expresses strong optimism for Bitcoin's future, spurred by the exceptional performance of the IBIT Bitcoin ETF, signaling a positive outlook for digital asset investments.

Yagyesh Jaiswal

Larry Fink, CEO of BlackRock, is "very bullish" on Bitcoin, influenced by the IBIT ETF's record-breaking performance, suggesting a bright future for Bitcoin and potential for a spot in Ethereum ETF despite regulatory landscapes.

Novogratz: 'Boomer Wealth' to Boost Bitcoin

Galaxy Digital's CEO, Mike Novogratz, highlights the potential for 'boomer wealth' to significantly boost Bitcoin adoption amidst favorable macroeconomic conditions and recent ETF approvals.

Yagyesh Jaiswal

Galaxy Digital's Mike Novogratz suggests that the combination of 'boomer wealth' and macro factors, including the U.S. national debt and the Bitcoin halving event, will drive Bitcoin to new adoption levels.

Web3 Project Drained of $62M in Massive Hack

Munchables, a Web3 platform on Blast blockchain suffered a devastating $62.5 million hack when a former developer manipulated a smart contract to drain user funds.

Yagyesh Jaiswal

The massive hack of Munchables raises serious security concerns around vulnerabilities in smart contracts and hiring practices of blockchain companies. Though controversial, a chain rollback may help recover some of the stolen funds and redeem user trust in the project.

SEC Seeks $2B Fine for Ripple's XRP Sales

The SEC outlines its case for imposing a $2 billion fine on Ripple, citing unregistered XRP sales and a failure to comply with securities laws, highlighting the need for industry-wide deterrence.

Yagyesh Jaiswal

The SEC proposes a $2 billion fine against Ripple for extensive unregistered XRP sales and lack of compliance with securities laws, aiming to set a precedent for the crypto industry.

Fetch.ai, SingularityNET, & Ocean Protocol Merge Tokens

Recent reports indicate that Ocean Protocol, Fetch.AI, and SingularityNET are in talks to consolidate their tokens into a new $ASI token, with the merged project valued at $7.5 billion.

Yagyesh Jaiswal

If completed, the merger of Ocean Protocol, Fetch.AI, and SingularityNET would create one of the largest decentralized AI projects by total value, raising questions about the vision and utility of the new $ASI Token

SEC Seeks $2B Fine for Ripple's XRP Sales

The SEC outlines its case for imposing a $2 billion fine on Ripple, citing unregistered XRP sales and a failure to comply with securities laws, highlighting the need for industry-wide deterrence.

Yagyesh Jaiswal

The SEC proposes a $2 billion fine against Ripple for extensive unregistered XRP sales and lack of compliance with securities laws, aiming to set a precedent for the crypto industry.

KuCoin Accused of Flouting AML Laws

The U.S. Department of Justice has indicted cryptocurrency exchange KuCoin and two of its founders for operating as an unlicensed money transmitter and violating anti-money laundering laws by laundering over $9 billion.

Yagyesh Jaiswal

The DOJ's indictment alleges that KuCoin deliberately avoided complying with key U.S. regulations aimed at stopping illegal activity, showing the need for international compliance in the crypto space.

Meme Coins Drive $1.5M Daily Transactions on Base Network

The fast-growing Base blockchain is seeing significant gains in activity with over 1.5 million daily transactions due to the ongoing popularity of meme coins on networks like Toshi and Brett.

Yagyesh Jaiswal

The Base network developed by Coinbase has seen unprecedented growth in March 2024 fueled by retail traders chasing profits from meme token hype. With direct access from Coinbase itself, Base could become the first blockchain for many new crypto users.

BlackRock's Bitcoin & Ethereum Strategy

Discover how BlackRock positions Bitcoin as a pivotal element of the future financial system, showing limited interest in cryptocurrencies beyond Bitcoin and Ethereum for their investment portfolio.

Yagyesh Jaiswal

BlackRock anticipates Bitcoin becoming a fundamental component of the future financial infrastructure, with Ethereum also gaining attention. However, other cryptocurrencies see minimal interest from the firm's clients.

Solana Condemns Racist Memecoin Wave

Solana CEO Anatoly Yakovenko speaks out against the proliferation of racist and offensive memecoins on the network, emphasizing a stance against hate-driven content.

Yagyesh Jaiswal

Solana's CEO denounces the recent influx of racist and offensive memecoins on the platform, with DEX Screener, a key monitoring service, pledging to review its policies to combat the trend.

Binance Executive Escapes from Nigerian Custody

Explore the details surrounding the reported escape of a Binance executive from Nigerian authorities who had detained him for suspected tax evasion and other offenses.

Yagyesh Jaiswal

In the end, more questions remain than answers as to how the highly unusual escape was carried out and what will come next in this developing story.

Bitcoin and Ether Surge as Central Banks Ease Rates Globally

Bitcoin and Ether prices saw strong gains to kick off the Asia trading session as global central banks begin loosening monetary policies and BlackRock makes a foray into the crypto space.

Yagyesh Jaiswal

The cryptocurrency market got a boost from signs of ongoing institutional adoption and a coordinated easing of rates around the world, sending Bitcoin and Ether higher to start the week. Short sellers faced liquidations, but uncertainties remain over regulatory and economic prospects.

EU Bans Anonymous Crypto Use: Financial Freedom at Risk

The European Union has approved new anti-money laundering laws that will prohibit anonymous cryptocurrency payments and the use of unidentified self-custody wallets.

Yagyesh Jaiswal

Though intended to curb criminal activity, critics argue these measures will deprive citizens of financial freedom and privacy while having little real impact on illegal behavior. The changes face opposition from those who see them as an erosion of personal liberty.

Polkadot Whale Sued by Community over Fraudulent $1 Million Memecoin Proposal

A proposal has been submitted to the Polkadot treasury to fund legal fees in a lawsuit against Giotto, a Polkadot whale accused of misusing community funds via a fake meme coin proposal.

Yagyesh Jaiswal

This article details the events surrounding proposal #603 on Polkadot which seeks to file a lawsuit against Giotto for damages incurred from a misleading proposal around the fake coin $DED. Community distrust has grown and legal action may be the only way to hold Giotto accountable for his actions.

Estonia Sets New Rules for Crypto Providers

Estonia has enacted legislation to regulate cryptocurrency service providers, enhancing security and supervision. This article provides an overview of the changes, including stricter requirements and increased oversight.

Yagyesh Jaiswal

Estonia has passed legislation imposing stricter regulations on cryptocurrency service providers, now under the supervision of the Financial Supervision Authority (FSA) to increase security and reliability in the crypto industry.

Base Dominates Ethereum Layer-2 Fees Amid Trading Surge

Discover how Coinbase-supported Base leads Ethereum layer-2 networks in transaction fees due to a surge in trading activities. Learn about the factors contributing to this trend and its implications for traders.

Yagyesh Jaiswal

Coinbase-backed Base experiences the highest transaction fees among Ethereum layer-2 networks, attributed to a surge in trading activity and high network traffic. Despite the fees, its popularity continues to rise among crypto traders.

Coinbase Secures Approval for Cryptocurrency Futures

Coinbase secures CFTC approval to list futures for Dogecoin, Bitcoin Cash, and Litecoin, sparking significant price gains for the cryptocurrencies and potential regulatory shifts.

Yagyesh Jaiswal

Coinbase's futures listings for Dogecoin, Bitcoin Cash, and Litecoin receive CFTC approval, leading to notable price surges for the tokens and indicating a shift in regulatory perspectives.

New Vulnerability in Apple's Chips Allows Secret Key Theft

A recently discovered side-channel vulnerability inherent to Apple's M1 and M2 system-on-chips could potentially allow malicious attackers to extract cryptographic secrets like wallet encryption keys.

Yagyesh Jaiswal

While mitigations exist to help reduce the risk, performance costs may be significant - highlighting the need for hardware designers to prioritize security when implementing optimizations like prefetching. Constant-time programming remains a crucial defense against such microarchitectural attacks.

Daily Volume on Base Passes $356 Million After 51% Increase

The daily trading volume on the Ethereum Layer 2 network Base witnessed a strong growth of 51%, reaching an all-time high of $356 million today.

Yagyesh Jaiswal

Fueled by the recent upgrades to the Ethereum network, daily activity on the Base network achieved new records in terms of trading volume and users, cementing its position as one of the leading Layer 2 scaling solutions.

Major Analyst Raises BTC Price Target to $90K

Leading financial services firm Bernstein has upped its 2024 year-end bitcoin price target to $90,000, citing an improving mining environment and ongoing institutional adoption.

Yagyesh Jaiswal

With powerful tailwinds like the upcoming halving, growing ETF inflows and expanding mining operations all converging, Bernstein analysts see significant upside potential for bitcoin over the next ten months.

SEC Delays Ethereum ETF Approvals, Dims May Expectations

The SEC postpones the decision on Ethereum ETFs, including those with staking features, lowering the prospects of approval by the anticipated May deadline.

Yagyesh Jaiswal

The SEC has delayed the approval of Ethereum ETF applications, dampening expectations for a May decision despite the addition of staking features by firms like Fidelity and Grayscale.

BlackRock's Ethereum Tokenized Asset Fund Launch

BlackRock steps into the digital asset space with a $100 million tokenized asset fund on Ethereum, signaling a major move into blockchain technology for the world's largest asset manager.

Yagyesh Jaiswal

BlackRock has established a $100 million tokenized asset fund utilizing Ethereum, indicating a significant push towards integrating digital assets with traditional financial mechanisms.

Kyle Davies Refuses to Apologize for 3AC's Bankruptcy

Kyle Davies, co-founder of collapsed crypto hedge fund Three Arrows Capital, maintains he has no remorse over the company's bankruptcy and downplays legal problems stemming from the insolvency.

Yagyesh Jaiswal

While Davies refuses to take accountability for 3AC's fate, questions around resolving creditors' claims and potential settlements with Singaporean authorities continue to linger for both him and his former business partner.

Bitcoin Slides As Crypto Markets Correct More Than 15%

Bitcoin and other cryptocurrencies see steep declines in late March 2024 as profit-taking leads to a major correction across crypto markets.

Yagyesh Jaiswal

After a prolonged bull run saw Bitcoin hit new all-time highs, March 2024 brought a sizable pullback that wiped out over $400 billion in total crypto market value in just days. A mix of profit-taking and outflows from the Grayscale Bitcoin Trust fueled the sell-off.