Grayscale’s upcoming spot Ether exchange-traded fund (ETF) approval by the U.S. Securities and Exchange Commission has sparked conversations about the potential impact it could have on the market. According to analysts at Kaiko, if Grayscale’s Ether Trust (ETHE) follows the pattern set by the Grayscale Bitcoin Trust (GBTC) in its transition to an ETF, we
Crypto
The value of the Normie (NORMIE) token plummeted by 99% in just three hours after falling victim to a smart contract exploit. This exploit led to a significant drop in Normie’s market cap, bringing it down from $42 million to a mere $200,000. Following the exploit, the developers of the Base meme coin are currently
Floki Inu (FLOKI) has seen a significant rise of 20% in the past 24 hours, leading to a boost in its market cap to approximately $2.6 billion. This surge has also allowed Floki Inu to reclaim the fifth position in the meme coin sector. One of the key factors contributing to this price increase is
Toncoin (TON), the native token of The Open Network blockchain, has been gaining significant attention in the cryptocurrency market. According to the latest analysis by CryptoQuant, TON has outperformed Bitcoin by 118% since the beginning of 2024. The on-chain analytic company has found that while US traders are bullish on TON, European traders have shown
The Worldcoin project has once again been met with a setback, this time from Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD). The PCPD ordered the Worldcoin Foundation to cease all its operations in the region due to violations of local privacy regulations. Specifically, the agency found that Worldcoin
Recently, Coinbase, a leading US-based cryptocurrency exchange, partnered with industry giants Meta, Ripple, Gemini, Kraken, Match Group, and GASO to launch a new initiative known as ‘Tech Against Scams’. This coalition is dedicated to combating online fraud and financial schemes, with a focus on educating and protecting users. They emphasize that scams are not limited
Fourteen years ago, the value of 10,000 bitcoins (BTC) was equivalent to just two pizza boxes. This iconic moment is celebrated on Bitcoin Pizza Day, which falls on May 22. The day commemorates when programmer and early BTC adopter Laszlo Hanyecz purchased two Papa John’s pizzas for 10,000 BTC in 2010. At that time, the
Bitcoin had a rollercoaster week, experiencing both gains and losses driven by hype surrounding the approval of spot Ethereum ETFs in the United States. The week started off with Bitcoin struggling to maintain its value above $66,000, slipping beneath this level on multiple occasions. However, the highlight of the week came on Monday when news
The cryptocurrency market has been experiencing a concerning trend with the emergence of tokens launching with high valuations and limited initial circulating supply. This practice has raised questions about the sustainability of potential gains for traders following the token generation event (TGE). Recent research from Binance has shed light on this issue, revealing a growing
A recent incident has shed light on the illegal activities taking place on the dark web. A Taiwanese national, Rui-Siang Lin, has been accused of running a darknet drug marketplace called Incognito Market. This platform has facilitated transactions amounting to over $100 million in cryptocurrencies by selling dangerous substances like fentanyl. Lin, operating under the