Hedge Fund Three Arrows Capital’s liquidator, Teneo, has reportedly transferred 2.18 million STRK tokens, valued at around $2.63 million, to Binance over the past three days. According to a blockchain analytics platform Spot On Chain post on X, Teneo still holds 130 million STRK, estimated to be worth $157 million. Chinese crypto reporter Colin Wu … Read more
New data from HODL15Capital indicates a substantial increase in spot market Bitcoin (BTC) exchange-traded funds (ETFs), with ten consecutive days of inflows amounting to over $1.68 billion. This Week, Bitcoin Acquired by ETFs Reached a Significant Milestone The net inflow hit $252 million on May 24 alone, continuing the previous week’s steady increasing trend. A … Read more
Korean regulators are facing growing pressure to approve cryptocurrency exchange-traded funds (ETFs) following the recent approval of spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC). Local media reports indicate that the SEC’s decision on Ethereum may prompt Seoul’s financial regulators to reconsider their stance on digital assets. The SEC approved Ethereum … Read more
Lido (LDO), the liquid staking protocol for Ethereum (ETH) and Polygon (MATIC), experienced a significant price surge in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the U.S. Securities and Exchange Commission (SEC) on Thursday. The protocol’s native token, LDO, has successfully climbed back to $2.30 and is attempting … Read more
On Thursday, the SEC made history by approving eight spot Ethereum ETFs from major institutions such as BlackRock, Franklin Templeton, Fidelity, and VanEck. Although these approvals mark a significant regulatory shift, trading can’t begin until the S-1 registration statements are approved, which could take several weeks. These ETFs are anticipated to draw billions in capital, … Read more
The price of meme-inspired cryptocurrency Dogecoin ($DOGE) has increased significantly during the last week by more than 10%. The increase in activity is ascribed to the increased interest signaled by whales, or huge investors. IntoTheBlock, a blockchain analytics startup, revealed that DOGE whale transactions—transactions worth more than $100,000—nearly doubled in value in a single day … Read more
JPMorgan predicts that newly approved spot Ethereum exchange-traded funds (ETFs) will likely start trading before the November US presidential elections, highlighting the growing political significance of cryptocurrencies. This outlook follows the unexpected approval of eight spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) on May 23, marking a significant shift from the … Read more
Hong Kong-based cryptocurrency exchange Gate.HK is shutting down due to its failure to meet the local licensing requirements set to be enforced from June 1 onwards. The Securities and Futures Commission of Hong Kong (HKSFC) mandated that all crypto exchanges in the region must obtain an operational license. Exchanges that didn’t apply for a license … Read more
Shytoshi Kusama, the leader of the Shiba Inu (SHIB) project, expressed a sense of encouragement for the SHIB community after the SEC’s significant approval of the first spot Ethereum ETFs. In a tweet dated May 24, Kusama hinted at the possibility of a Shiba Inu spot ETF while reaffirming his dedication to the continuous advancements … Read more
Dan Gambardello, a prominent market analyst and founder of CryptoCapitalVenture, has identified Cardano (ADA) as a potential beneficiary following the SEC’s recent approval of spot Ethereum exchange-traded funds (ETFs). In a video on X, Gambardello referenced Coinbase’s chief legal officer, Paul Grewal, who noted that Ethereum is now classified as a commodity. Gambardello suggested that … Read more