The Disclosure Debate Ethereum researchers Justin Drake and Dankrad Feist recently revealed their involvement with EigenLayer, a restaking protocol. Drake emphasized transparency and pledged to reinvest his earnings into Ethereum, while Feist made no such commitment. Crypto Twitter’s Reaction Crypto trader Cobie questioned the ethics of researchers receiving compensation from projects built on Ethereum, especially…
Crypto analyst James Check believes Bitcoin has more upside potential. However, he warns of an “escape velocity” that could cause a price drop. What is Escape Velocity? Escape velocity is the minimum speed needed to overcome Earth’s gravity and escape its pull. Bitcoin’s Escape Velocity Check suggests Bitcoin hasn’t reached its “euphoric escape velocity” yet….
A well-known crypto trader believes that the approval of a spot Ethereum exchange-traded fund (ETF) in the US could significantly benefit altcoins. Flow Horse’s Prediction The pseudonymous trader known as Flow Horse shared his insights with his followers on social media. He believes that an ETF would further fuel the already volatile crypto markets. Dogecoin’s…
Opposition from SEC Chair Gensler The White House has announced that it will not veto the Financial Innovation and Technology for the 21st Century Act (FIT21), despite opposition from Securities and Exchange Commission (SEC) Chair Gary Gensler. The White House expressed concerns about the bill’s lack of consumer and investor protections, but stated that it…
Half a Trillion Added Since January The US national debt has skyrocketed by over $582 billion since the beginning of 2024, according to Treasury data. This staggering increase has brought the total debt to $34.5 trillion. Interest Payments Surpass Spending Interest on the debt now exceeds spending on both national defense and Medicare. This has…
Analyst Kaleo believes the crypto market is about to take off again. He says Bitcoin (BTC) is building up strength after the recent halving and could hit $200,000. Ethereum’s Future Kaleo also sees big things for Ethereum (ETH), predicting it could reach $12,000. Altcoin Mania As Bitcoin and Ethereum rise, Kaleo says other cryptocurrencies (altcoins)…
Investigation and Findings Hong Kong’s Privacy Commissioner investigated Worldcoin’s operations and found they violated data protection principles. The project collected participants’ iris scans without proper consent and transparency. The privacy notice and consent form were not available in Chinese, and operators failed to explain the policies. Collection of Biometric Data Worldcoin used iris scans to…
Bitcoin Realized Cap Slowdown Glassnode, an on-chain analytics firm, reports a slowdown in Bitcoin demand. The Realized Cap, which estimates the total capital invested in Bitcoin, has recently lost momentum. Reduced Capital Inflow Glassnode’s chart shows that the rate of new capital flowing into Bitcoin has decreased significantly. This indicates a lower demand for the…
Court Ruling A Florida court has overturned a ban on Binance, the world’s largest cryptocurrency exchange. The court found that state regulators had not followed proper procedures when they suspended Binance’s operations in the state. Binance’s Legal Victory The ban, imposed in November 2023, came after Binance’s former CEO pleaded guilty to federal finance charges….
Surge in Trading and Net Inflows Hong Kong’s Ethereum ETFs have seen a massive increase in activity, with the ETF from ChinaAMC receiving over $640,000 in net inflows by Wednesday afternoon. This surge follows a record-breaking $3.77 million inflow on Tuesday, driven by anticipation of similar ETF approvals in the United States. Record-Breaking Trading Volumes…
