Lack of Clarity on Ethereum’s Status Republican lawmakers have raised concerns about the Securities and Exchange Commission’s (SEC) lack of transparency regarding Ethereum’s (ETH) classification. They argue that Ethereum is a non-security asset, but the SEC’s Special Purpose Broker-Dealer (SPBD) framework does not allow for the custody of such assets. Potential Consequences The lawmakers warn…
Inside Job Turns Shocking Munchables, an Ethereum gaming platform, suffered a security breach on Tuesday, with 17,400 ETH (around $62.5 million) stolen. However, the incident took a twist when it was revealed that the attack was an inside job. Developer-Turned-Hacker Crypto detective ZachXBT traced the stolen funds to a developer working on the project. Solidity…
Major Exchange Listing Shiba Inu (SHIB) has landed a major listing on Bit.com.au, an Australian cryptocurrency exchange. This move expands SHIB’s reach and caters to the growing demand for cryptocurrencies in Australia. Rising Popularity SHIB has gained significant popularity recently, becoming one of the most searched digital currencies on Google. Its unique “doggy-themed” appeal has…
Regulatory Rift over Ethereum and Other Cryptocurrencies The CFTC and SEC are at odds again over the classification of cryptocurrencies. The CFTC recently classified Ethereum (ETH) as a commodity, while the SEC maintains that only Bitcoin (BTC) falls under that category. KuCoin Complaint Highlights Classification Dispute The CFTC’s complaint against crypto exchange KuCoin alleges that…
Grayscale’s legal chief, Craig Salm, remains optimistic that the SEC will approve spot Ethereum ETFs. Lack of Engagement Not Necessarily Negative Salm dismisses concerns about the SEC’s lack of engagement on ETH ETF applications, saying it may indicate less need for discussion since the issues raised for Bitcoin ETFs are similar. Positive History with Bitcoin…
A savvy trader has made a fortune after investing early in a new memecoin called Degen (DEGEN). Massive Gains According to blockchain firm Lookonchain, the trader purchased 277 million DEGEN with just three Ethereum (ETH) worth $6,991 in January. They then sold a portion of their holdings for 134 ETH ($370,000), leaving them with 100…
Real Vision crypto analyst Jamie Coutts believes Bitcoin (BTC) is poised for a continued rally following a temporary dip. Technical Indicators Point to Bullish Momentum Coutts analyzed technical indicators and found that Bitcoin has broken out of a bearish flag pattern, signaling a potential surge. Additionally, funding rates and the Relative Strength Index (RSI) suggest…
Robert Kiyosaki, author of “Rich Dad Poor Dad,” is bullish on Bitcoin (BTC) due to the actions of US leaders. Government Ripping Off Americans Kiyosaki believes the US government is taking on excessive debt to keep the country running, ripping off Americans in the process. He compares the dollar to a “giant Ponzi scheme,” claiming…
Bitcoin Whales Buy the Dip As Bitcoin’s price dipped, whales (large investors holding at least 1,000 BTC) jumped at the chance to buy more at lower prices. Since January, the number of wallets with 1,000+ BTC has steadily increased. Institutional Interest Drives Whale Activity Institutional investors have poured billions into Spot Bitcoin ETFs, which require…
Bitcoin whales, or large investors with significant holdings, have been actively buying over the past week. Whale Accumulation According to on-chain data, whales have acquired over 100,000 BTC, worth approximately $7 billion. This accumulation began when BTC prices were at recent lows, suggesting that whales saw these prices as attractive entry points. Market Impact The…
