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The US Senate has taken a significant step by voting to pass H.J. Res 109, a resolution to overturn the SEC’s controversial Staff Accounting Bulletin No. 121 (SAB 121).
The Senate’s 60-38 vote follows the House of Representatives’ approval. This outcome reflects bipartisan support against the SEC’s crypto policy.
Bipartisan Effort Reverses SEC’s SAB 121
SAB 121, introduced in March 2022...
On May 16, at 15:21 UTC, pump.fun, a meme coin creation platform in the Solana (SOL) ecosystem, was exploited. The incident resulted in a loss of approximately 12,300 SOL, worth nearly $2 million at current market prices.
The attacker manipulated the platform using flash loans from Margin.fi to obtain SOL and buy the pump.fun tokens without using their own funds. This recent exploitation has...
The Drift Foundation, responsible for the Solana-based decentralized exchange (DEX) Drift, announced the DRIFT token launch and airdrop.
This significant event includes distributing 120 million DRIFT tokens, representing about 12% of the total supply.
120 Million Token Airdrop on Solana
The airdrop, which commenced on May 16, introduced a unique 2% bonus component, equivalent to 20...
MakerDAO, the decentralized autonomous organization behind the Dai stablecoin, has announced plans to introduce a new stablecoin named PureDai.
This move, expected to materialize in a few years, aims to offer a fully decentralized alternative to Dai, which currently relies on a mix of decentralized and centralized collateral.
Transitioning to Pure Decentralization
Rune Christensen, CEO...
PEPE price emerged as one of the most impressive tokens this bull run as the meme coin hit a new all-time high this week.
The meme coin craze, however, will result in profit-taking, which could lead to a considerable drawdown.
PEPE Investors Look to Sell
PEPE price breached the key resistance of $0.00001007, which enabled the meme coin to hit a new all-time high. However, this has also...
Crypto payment solutions provider Alchemy Pay announced a partnership with exchange-traded services company Victory Securities to offer access to Bitcoin and Ethereum spot ETFs in Hong Kong.
The alliance will facilitate access to Bitcoin spot ETFs, as Victory Securities is licensed by the Securities and Futures Commission (SFC) in Hong Kong. Their agreement will act as a link between...
Bitcoin (BTC) closed the daily candle with a robust 7.5% gain, signaling strong bullish momentum.
Let’s examine why the $60,000 price has been a crucial entry point for investors and traders.
Bitcoin Price Analysis: Breaking Down Key Technical Indicators
The price is currently navigating within the daily Ichimoku Cloud, a critical technical indicator of market sentiment. A breakout...
Shiba Inu’s native decentralized exchange (DEX) platform, ShibaSwap, has officially launched on Shibarium.
The DEX will be available on both Ethereum and Shibarium, the project’s Layer-2 scaling solution focused on fast and cheap transactions.
ShibaSwap on Shibarium: Uncovering New Functionalities
ShibaSwap’s migration to Shibarium brings several new features. Users now can create new...
Polygon (MATIC) price noted a bounce back from a key support line in the last 24 hours as the altcoin followed Bitcoin’s cues.
MATIC is expected to note further rise based on the investors’ actions, though the altcoin might still be consolidated.
Polygon Investors May Accumulate
At the time of writing, the MATIC price is observing a recovery, which will likely be fueled by Polygon...
Morgan Stanley invested $269.9 million in Grayscale’s GBTC, as disclosed in their first quarter 13F filing.
This makes Morgan Stanley one of the top holders of GBTC, second only to Susquehanna International Group, with a $1.0 billion investment.
Morgan Stanley Becomes a Major Player in Bitcoin ETFs
The allocations were reported during the first-quarter 13F filing deadline, marking the...