bitcoin
Yesterday, rumors abounded in the crypto sphere that United States regulator the Securities and Exchange Commission (SEC) has begun discussions to approve Ethereum spot ETFs in America, as it did for Bitcoin ETFs back in January. Then, hours later, the SEC issued an official notice that it had approved for trading the Ethereum spot ETF filings from many of the major asset management players: BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise, respectively. Ethereum has been tearing up the headlines ever since – but what does the news actually ...
Invezz
The U.S. Securities and Exchange Commission (SEC) has approved eight applications for spot Ethereum ETFs, marking a significant milestone for the cryptocurrency industry. The approval, announced on May 23, 2024, allows Ethereum (ETH) to trade on Wall Street, and follows the earlier approval of spot Bitcoin ETFs in January. The newly approved ether ETFs will enable investors to gain direct exposure to Ethereum (ETH), the second-largest cryptocurrency by market capitalization, without needing to purchase and store the digital asset themselves. Eight funds get their Ethereum ETFs approvedThe SEC’...
Invezz
The price of Floki Inu (FLOKI) surged by 10% in the past 24 hours, reaching $0.0002226 10.9% at 5:05 pm GMT. This surge occurred on the back of a nearly 90% increase in trading volume. The sudden rise in price is attributed to growing speculation that meme coins with utility will dominate the current market cycle, with FLOKI positioned as a leading contender. Utility drives demandThe utility of the FLOKI token lies primarily within the Floki ecosystem. Token holders can engage in various features such as staking, yield farming, and an NFT marketplace. This functionality has drawn interest from...
Invezz
Analysts have predicted that the lackluster performance of the spot Bitcoin ETFs market could mean limited upside action for Bitcoin prices in the coming weeks and months. This projection has significant implications for newly-launched projects like Notcoin, raising questions about its potential for growth and whether alternative investments like Kangamoon could offer better opportunities. Notcoin dumps after airdropNotcoin (NOT), the native token of a tap-to-earn game project, aimed to onboard millions of users to Web3. The project gained massive hype ahead of its trading debut this week, fue...
Invezz
Bitcoin Layer-2 (L2) platform Mintlayer has announced an upgrade to its staking program, enhancing the user interface (UI) to make it more accessible and easier to use. The simplified staking program is integrated into Mintlayer’s blockexplorer and Mojito wallet browser extension, enabling users to stake their ML tokens and earn substantial rewards. Industry-leading APY attracts usersThe launch of Mintlayer’s enhanced staking program is set to empower more users to stake their ML tokens, with an impressive annual percentage yield (APY) currently around 198%. This attractive staking program is ...
Invezz
Bitfinity Network has announced a groundbreaking development in the blockchain space by enabling Ethereum Virtual Machine (EVM) compatibility on the Internet Computer (ICP) platform. This move allows for seamless integration of Ethereum’s smart contract functionality with Bitcoin-based assets, marking a significant milestone in cross-chain interoperability. The Bitfinity Ethereum Virtual Machine (EVM)The protocol’s Execution Layer launch introduces the Bitfinity Ethereum Virtual Machine (EVM), a Bitcoin sidechain built on the Internet Computer’s tech stack. This innovation enables Solidity-bas...
Invezz
The U.S. Senate voted 60-38 on Thursday to overturn the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121 (SAB 121). This move aligns with a similar effort by the House of Representatives to erase the policy. Despite this legislative push, President Joe Biden has pledged to veto the resolution, maintaining the policy’s enforcement. Bipartisan support and veto challengeThe vote saw a dozen Democrats joining a majority of Republicans in favor of overturning SAB 121, comfortably surpassing the simple majority needed for passage. Howeve...
Invezz
In just two years, Pyth Network has achieved remarkable milestones: expanding to over 55 blockchains, securing $300 billion in total volume, and integrating with more than 350 applications. To understand the factors behind this growth and its impact on the blockchain ecosystem, Invezz spoke Michael Cahill – CEO, Douro Labs (Core Contributor to Pyth). On rapid growthInvezz: Pyth has reported some fascinating growth numbers. What made this growth possible? I think a big driver in this explosive growth is Pyth’s architecture as a pull oracle. Legacy oracles, and most oracle today, are push oracle...
Invezz
Bitcoin (BTC) has experienced its most significant single-day gain in nearly two months, following the release of the US Consumer Price Index (CPI) data on Wednesday. This surge pushed BTC past $66,252, fueled by expectations of a potential easing of monetary policy by the Federal Reserve and a positive outlook for risk assets, including cryptocurrencies. End of BTC downtrend?The latest CPI data reveals a 3.4% increase over the 12 months ending in April, slightly lower than March’s 3.5% rise. This indicates a slowdown in price growth, aligning with expectations for a gradual easing of inflatio...
Invezz
Reports suggest that the Chicago Mercantile Exchange (CME) Group, already a heavyweight in Bitcoin futures trading, is considering entering the spot bitcoin trading arena. The move could have far-reaching implications for institutional investors and the broader crypto ecosystem where Binance and Coinbase dominate in spot Bitcoin trading. According to reliable sources, the Chicago-based group is currently holding discussions with institutional crypto traders who prefer regulated marketplaces as it aims to capitalise on the demand among Wall Street fund managers to get exposure to the crypto sec...
Invezz
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