Recovered from the SITE123 blog, Aug 2026. Imported as drafts for review.
Ark Investment Management, under the leadership of Cathie Wood, has chosen to withdraw from the race to introduce a spot-Ether exchange-traded fund (ETF) in partnership with 21Shares. 21Shares Renames ETF as 21Shares Core Ethereum ETF in the midst of a shift in collaboration The US Securities and Exchange Commission (SEC) received a revised prospectus document … Read more
Unlike previous Bitcoin halving events, the fourth halving saw a distinct change. While miners now receive reduced block subsidy rewards from 6.25 BTC to 3.125 BTC, they still earn additional rewards from transaction fees per block. Historically, Bitcoin’s hash rate dropped after halving due to insufficient transaction fee rewards. However, this time, the hash rate … Read more
Despite Cardano’s higher market capitalization compared to Litecoin by nearly $10 billion, its network activity falls significantly short. On May 31st, Litecoin recorded 357,260 active addresses, whereas Cardano only had 28,630, indicating a substantial difference in user engagement. While active addresses represent unique wallets involved in successful transactions, it’s worth noting that this metric counts … Read more
Changpeng Zhao, the ex-CEO of Binance, has started serving his four-month term in a minimum-security federal penitentiary located in Lompoc, California, as reported by CNBC. Sentence for Binance’s Founder Accompanying Guilty Plea and $50 Million Fine In November 2023, Zhao, also going by CZ, entered a guilty plea to a charge of violating the Bank … Read more
Gabor Gurbacs, a strategic advisor at Tether, which issues USDT, highlighted Bitcoin’s capacity to transform the way central banks manage and safeguard national reserves. He cited India’s logistical difficulties with gold as a notable illustration of this potential. An Electronic Alternative To Conventional Gold Transportation The decision by India to return a sizable amount of … Read more
Following a flawed airdrop that resulted in over $26 million in compensation to users, several executives at the crypto exchange Bybit have changed positions. Reports of these leadership changes emerged on May 31, with a Bybit spokesperson stating that the company regularly updates its business structure. The spokesperson emphasized the importance of placing the right … Read more
President Biden vetoed a House Joint Resolution aimed at repealing the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121), which directs financial institutions holding cryptocurrencies for customers to keep the assets on their balance sheets. Critics argue that this directive makes it overly burdensome for financial institutions to engage with crypto companies. … Read more
As Dogecoin struggles around its 21 and 50-day moving averages, investors are turning their attention to a new alternative called Dogeverse (DV) in hopes of significant returns. Although Dogecoin has seen a 20% increase in May, it remains down roughly 30% from its peak earlier in the year. The coin’s future trajectory hinges on upcoming … Read more
Vitalik Buterin, one of the creators of Ethereum, contributed 30 ETH, equivalent to roughly $113,000, towards aiding the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm. This donation was facilitated through the decentralized fundraising platform Juicebox. The transaction occurred on May 30, at 1:58 am EST, originating from Buterin’s address vitalik.eth. The … Read more
Renowned on-chain and technical analyst, Ali Charts, has disclosed a significant influx of over 4 trillion Shiba Inu (SHIB) tokens, totaling around $103 million, into crypto exchanges within the past fortnight. This surge in activity coincides with SHIB’s volatile price behavior, indicating a shift in investor sentiment. Of particular note is a recent substantial acquisition … Read more