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Farside data shows that on May 21, the Bitcoin (BTC) exchange-traded funds (ETFs) collectively accumulated $305.7 million, marking the largest single-day inflow since May 3.
Despite the impressive overall figure, the breadth of inflows from ETF issuers remained relatively narrow, with only two issuers contributing to the surge. BlackRock’s IBIT ETF accounted for the lion’s share,...
Runes launched on April 20, the day of Bitcoin’s fourth halving. Fueled by the hype surrounding the much-anticipated halving, they were introduced to the market with a bang, garnering an incredible amount of attention and activity.
Their launch caused quite a stir in the crypto industry, especially in the Bitcoin market, where it sparked a fierce debate on Bitcoin’s future and utility, not...
Cboe BZX filed 19-b4 amendments related to five spot Ethereum ETFs on May 21, significantly increasing the odds of each fund’s approval.
The news coincided with a sudden spike in odds on Polymarket, which reports 70% odds of approval by May 31, up from just 10% hours before.
Bloomberg ETF analyst James Seyffart commented on the development, stating that the filings validate earlier rumors and...
Standard Chartered reaffirmed its projection that Ethereum (ETH) will reach $8,000 by the end of the year, following heightened anticipation of ETF approvals.
StanChart’s head of crypto research, Geoffrey Kendrick, said in a note shared with CryptoSlate that recent developments reflect heightened investor optimism and increased market activity.
Kendrick’s statement comes after Bloomberg analyst...
Former President Donald Trump has begun accepting crypto donations for his re-election campaign, making him the first US Presidential candidate to adopt digital assets for funding.
According to a May 21 statement:
“This addition to President Trump’s already groundbreaking digital fundraising operation marks the first time a major party Presidential nominee has embraced cryptocurrency for...
Uniswap Labs has issued a defiant response to the SEC’s Wells notice, asserting the agency’s attempts to regulate DeFi are misguided and legally unsound.
The company said in a May 20 blog post that it is confident it will come out victorious if forced into litigation by the SEC. Uniswap Labs said:
“We’re confident that our work is on the right side of history. The SEC should not devote its...
Gala Games said it responded swiftly to the significant security breach on May 20 that resulted in the unauthorized sale of $21 million worth of GALA tokens and the “effective burn” of an additional 4.4 billion tokens.
The exploit has highlighted vulnerabilities within the project’s internal controls, prompting immediate action from the company.
The response
In a May 21 post on social media, Gala...
Bloomberg Senior ETF Analyst Eric Balchunas tempered the excitement over spot Ethereum exchange-traded funds (ETFs), suggesting they may attract only a fraction of the investments seen in Bitcoin ETFs.
On May 20, reports indicated a 75% chance that the US Securities and Exchange Commission (SEC) would approve an ETH ETF, starkly contrasting the previous pessimism surrounding the financial...
Stablecoin issuer Tether minted $1 billion USDT tokens on the Ethereum blockchain, capitalizing on a market upswing driven by hopes that the US Securities and Exchange Commission (SEC) might approve a spot ETH ETF for trading this week.
Whale Alert first reported the minting, which was later confirmed by Tether CEO Paolo Ardoino, who wrote:
“PSA: 1B USDt inventory replenish on Ethereum Network....
GAM3S.GG, formerly Polkastarter Gaming, has unveiled it will launch a Web3 cloud gaming platform in partnership with Aethir amid an ambitious roadmap for 2024, emphasizing significant advancements in web3 gaming. The roadmap highlights several key initiatives to enhance user experience and drive the adoption of web3 gaming.
In the second quarter of 2024, GAM3S.GG will launch its cloud gaming beta...