Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), recently expressed strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. This act has been hailed for providing regulatory clarity to the crypto industry, but Gensler argues that it would actually weaken consumer protections in the market. The
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Citizen Conflict Alpha 5 has introduced a groundbreaking play-to-earn (P2E) campaign, allowing players to earn up to 300,000 QORPO tokens while playing the game. These tokens hold real-world value and can be used to purchase in-game items or even exchanged for cash. This innovative feature adds a new level of excitement and motivation for players
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Uniswap Labs has recently issued a strong response to the SEC’s Wells notice, rejecting the agency’s attempts to regulate DeFi as misguided and legally unsound. The company expressed confidence in its position and readiness to defend itself in potential litigation against the SEC. In a blog post on May 20, Uniswap Labs criticized the SEC’s
In the midst of the presidential election year, the DEX markets are witnessing a surge in the popularity of Donald Trump tokens. One of the latest meme coins to grab the spotlight is ‘Super Trump’ on the Solana blockchain. Despite initial excitement and a rapid price increase, Super Trump is currently trading at $0.0006, marking
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Institutional investors have recently been doubling down on Bitcoin, showing a surge in confidence in the leading cryptocurrency. Last week, investment funds related to Bitcoin saw massive inflows, totaling $942 million. This surge in investments is seen as a bullish signal that could potentially drive Bitcoin’s price to $80,000. This influx of capital is attributed
Peter Schiff, a prominent gold bug, has been relentless in his criticism of bitcoin, even as the cryptocurrency soared above $70,000. Schiff’s latest warning came in response to the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission. He believes that if these ETFs are given the green light, it could
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The recent surge in Bitcoin and Ethereum prices has not been without casualties in the crypto market. In the past day alone, over $330 million has been liquidated, with short traders bearing the brunt of the losses. According to Coinglass data, more than 78,000 crypto traders have seen their positions liquidated, resulting in hundreds of