The staking services company and validator reported that it reached $7.5 billion in total value locked in April. Source: https://cointelegraph.com/news/p2p-org-partners-okx-institutional-staking-services
Month: June 2024
SEC may receive ‘only a fraction’ of Terraform’s settlement
The U.S. SEC still has to queue up behind secured creditors to receive a payment from Terraform Labs’ multibillion-dollar settlement, if any. Source: https://cointelegraph.com/news/sec-fraction-terraform-settlement
Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $57 per petahash. Mining Centralization Grows as Bitcoin Hashrate and Revenues Shift As of June […] Source: https://news.bitcoin.com/competitive-pressure-builds-for-bitcoin-miners-as-hashprice-swings/
Web3 Sports Fantasy Game Maincard.io Now Live on TON
Irvine, US, June 13th, 2024, GamingWire Maincard.io, the leading Web3 sports fantasy card game, proudly announces its launch on the mainnet of TON blockchain. This milestone marks a significant leap forward in revolutionizing the sports betting industry with blockchain technology, providing a seamless and engaging gaming experience for millions of Telegram users worldwide. Innovating Fantasy Sports Games on TON Blockchain…
Terraform Labs to Dissolve After $4.5 Billion SEC Settlement Over LUNA, UST
Terraform Labs CEO Chris Amani disclosed Wednesday that the firm behind the $40 billion collapse of LUNA and UST in 2022 is dissolving following a $4.5 billion settlement agreement with the U.S. Securities and Exchange Commission. “[Terraform Labs] always intended to dissolve at some point, and that point is now,” Amani wrote on Twitter (aka X) “We will be winding…
Ethereum ETFs Likely to Launch This Summer, Says SEC’s Gensler
The S-1 registration forms for several spot Ethereum ETF applicants will likely be approved this summer, according to Securities and Exchange Commission (SEC) chairman Gary Gensler. This comes after the agency approved 19b-4 applications from stock exchanges in late May to list such products. All that’s needed now is the regulatory nod on the applications from individual issuers, after which…
SEC chair sees spot Ether ETF S-1 approvals sometime in summer 2024
Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date. Source: https://cointelegraph.com/news/sec-chair-spot-ether-etf-s1-approvals-summer
FOMO HOUR 137 – CRYPTO DIPS FURTHER
Crypto falls after slightly hawkish Fed speech. BTC whales buy $1.4bn in 24hrs. Miners continue to be large sellers of BTC. BTC ETFs see $100m inflows. MicroStrategy to raise $500m to buy BTC. Egorov CRV debt positions begin to liquidate . Circle to support SOL for wallets. 4% of Turkey GDP used to buy stablecoins. QuantMatter say $11m stolen from…
GameStop Stock Rises Amid Speculation Over Whether Roaring Kitty Sold
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports A significant uptick in trading activity for certain short-dated GameStop options contracts on Wednesday has led market analysts to speculate that famed trader Keith Gill, also…
How Many Bitcoin Billionaires Are There?
In brief The meteoric growth of Bitcoin and the crypto industry as a whole has seen several early adopters attain billionaire status. Following Bitcoin’s late 2020 price surge, the Winklevoss twins have reportedly rejoined the list of known Bitcoin billionaires. By some estimates, Bitcoin creator Satoshi Nakamoto may eclipse them all, with a whopping $40 billion fortune. We do the…