Bitwise Asset Management, a prominent provider of cryptocurrency index funds, has recently suggested that the U.S. Securities and Exchange Commission (SEC) delay the approval of a spot Ethereum Exchange-Traded Fund (ETF) until December. This move comes amid the soaring success of the Bitwise Bitcoin ETF (BITB), which has garnered over $2 billion in assets under
Finance
Shiba Inu (SHIB) has witnessed a remarkable surge in token burns during the month of March, resulting in the removal of billions of tokens from circulation. The data indicates that over 15.5 billion assets were destroyed, with a significant spike occurring on March 8 when nearly 14 billion SHIB tokens were sent to a null
In the wake of the October 7th attacks on Israel, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) have intensified their efforts to crack down on entities associated with terrorism financing through cryptocurrency. This crackdown has led to the imposition of fresh sanctions on two
Kerrisdale Capital recently released a report questioning the valuation of MicroStrategy shares, stating that the shares have become overvalued. The company argues that the premium at which MicroStrategy’s shares are trading, which represents over two and a half times the spot price of Bitcoin, is unwarranted. According to Kerrisdale Capital, BTC would need to be
The hacker who stole $11.6 million from Prisma Finance’s decentralized finance (DeFi) protocol has claimed that the exploit was a “whitehat rescue” in on-chain messages. This term refers to hackers who use their skills to find security vulnerabilities in software code. The attacker sent a message six hours after the hack, stating that the intention
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The cryptocurrency market has seen a significant surge in meme coins, with popular tokens like DogWifHat (WIF) and Dogecoin (DOGE) experiencing substantial gains. Over the last week, DogWifHat has shot up by an impressive 42%, while Dogecoin has surged by 37%. These meme coins have outperformed other leading cryptocurrencies like Bitcoin and Ethereum, which have
Binance, a prominent crypto exchange platform, recently confirmed that Nadeem Anjarwalla, one of its executives detained by Nigerian authorities, managed to escape custody. This escape comes amidst a turbulent time for the company, with Tigran Gambaryan, another detained executive and US citizen, remaining in custody. The authorities have leveled serious charges of tax evasion and
As the Solana meme coin $PUNDU concludes its presale with an impressive $37 million raise, all eyes are now on Dogecoin20, which has surpassed $7.6 million in funds from investors within a week. The presale for Dogecoin20, an upgraded version of Dogecoin, is still ongoing with a hard cap sellout target of $10 million. The