ethereum
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
Ethereum (ETH) has surged to new heights on the back of rumours suggesting that the U.S. Securities and Exchange Commission (SEC) may be reconsidering its stance on approving a spot Ethereum exchange-traded fund (ETF). At press time ETH was trading above $3,500 after a 15% surge. This surge in ETH price, coupled with heightened market activity, underscores the cryptocurrency community’s growing optimism and confidence in Ethereum’s future prospects. SEC considering spot Ethereum ETF approvalOne of the primary drivers behind today’s sudden Ethereum price rise is the speculation surrounding the ...
Invezz
Ethereum related tokens are expected to extend their gains this week as anticipation of a Spot Ether ETF brews among market participants in the US. Bitcoin Spot ETF approval ushered an injection of large volumes of institutional capital into the asset, pushing BTC to its new all-time high in 2024. ETH holders expect a similar response if the US SEC approves a Spot Ethereum ETF. Layer 2 tokens Polygon (MATIC), Immutable (IMX), Mantle (MANTLE), Stacks (STX) and Optimism (OP) have posted gains in the past 24 hours. MATIC price could make or break Layer 2 rallyThe largest Ethereum scaling token 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...
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In a first-of-its-kind case, the U.S. Department of Justice has arrested and charged two brothers, Anton Peraire-Bueno and James Pepaire-Bueno, for orchestrating a sophisticated attack on the Ethereum blockchain. The accusations against the two brothers allege that the brothers executed a novel scheme to exploit the Ethereum network, resulting in the fraudulent acquisition of approximately $25 million worth of cryptocurrency in just 12 seconds. How the Ethereum heist was executedThe DOJ indictment unveils a meticulously planned operation by the Peraire-Bueno brothers, leveraging their expertis...
Invezz
Tornado cash developer Alexey Pertsev is guilty, a panel of Judges has found. The verdict is that Pertsev helped launder a staggering $1.2 billion via the crypto mixing protocol he helped develop and launch in 2019. Pertsev has been sentenced to 64 months in prison. With the guilty verdict and sentencing, the Dutch court has likely opened a path to similar other decisions in cases facing developers in the broader decentralised finance (DeFi) and privacy coin ecosystem. As Invezz highlighted earlier, the Russian national was arrested in 2022 in the Netherlands. Read more: Tornado Cash dev Alexe...
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EigenLayer’s airdrop has been long awaited, the project has been hyped for its restaking program. The DeFi protocol has opened claims for its stake drop, the EIGEN token, that is available for users to stake and is currently non-transferable. EigenLayer opened claims for its EIGEN token stake dropEigenLayer has opened claims for the airdrop of EIGEN tokens. While these tokens remain non-transferable, users can stake them to earn rewards. EigenLayer has been controversial for geo blocking users and speculators put the fully diluted value of EIGEN at $15 billion. The Ethereum based protocol firs...
Invezz
Lisk, a key player in Layer 2 blockchain solutions and a member of the Optimism Superchain, has announced a significant collaboration with Obligate, a Swiss-based on-chain capital markets platform. This partnership focuses on deploying Obligate’s instance on the Lisk network, aiming to transform access to decentralized financial services in emerging markets. Leveraging blockchain for accessible capital solutionsObligate will utilize the Lisk L2 network, which is celebrated for its efficiency, speed, and scalability secured by Ethereum. This move is intended to empower businesses in emerging ma...
Invezz
Joe Lubin, co-founder of Ethereum and founder of Consensys, has initiated a legal battle against the U.S. Securities and Exchange Commission (SEC), contesting the regulator’s authority over Ethereum and its associated products, specifically the MetaMask crypto wallet. SEC targets MetaMask, Consensys pushes backIn April, Consensys received a Wells Notice from the SEC, a precursor to legal action, indicating potential litigation against the company. The SEC’s concern centers on MetaMask, a product developed by Consensys, which the SEC alleges operates as an unregistered securities broker. The re...
Invezz
ValueWalk
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