Posts published on June 13, 2024 go to media archive 3/4
Study: Ordinals and Runes Reach $1 Billion Market Cap
In a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by…
Can Bitcoin Be A Productive Asset?
Bitcoin is undergoing a fascinating evolution, with various perspectives on its nature. Some view it as a currency for everyday transactions, others as a modern equivalent of gold for storing value, and yet others as a decentralized global platform…
UNI In Trouble? Key Indicators Cites Potential Drop Amid Market Downturn
Uniswap (UNI), a prominent decentralized exchange token, is bracing for further declines as the broader cryptocurrency market experiences a significant downturn. Recent market trends indicate a continuation of bearish momentum, which has impacted…
$1M bet ChatGPT won’t lead to AGI, Apple’s intelligent AI use, AI millionaires surge: AI Eye
$1M prize to debunk hype over AGI, Apple Intelligence is modest but clever, Google is still stuck on that stupid ‘pizza glue’ answer. AI Eye.
Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler
U.S. Securities and Exchange Commission Chair Gary Gensler said that the final approvals for exchange-traded funds (ETFs) trading Ethereum's ether {{ETH}} should be finished this summer, he told senators in a budget hearing on Thursday.
Swiss Regulator Shutters Crypto-Linked FlowBank, Begins Bankruptcy Process
FINMA announced Thursday that FlowBank’s minimum capital requirements were found to have been “significantly and seriously breached.”
Protocol Village: McLaren Data Tracker on Minima Blockchain Could Prevent Race Car Cheating
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 13-19.
Early Buyers of Andrew Tate’s DADDY Meme Coin Apparently Sitting on $45M in Unrealized Value
There is no evidence to show Tate sold tokens from his doxxed wallets, but some supposed “insider” buying activity before the token’s promotion on X shows too much of the token in too little hands.
Hong Kong Spot ETFs Secure $1.96B in Bitcoin, $26M in Ether
Since the spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong began trading on April 30, they have accumulated $1.96 billion in bitcoin and $26.74 million in ethereum. Hong Kong’s Spot Bitcoin and Ether ETFs See Modest Growth…
White House Expected to Nominate CFTC Commissioners to FDIC, Treasury Roles: Reports
The White House is expected to nominate Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation Chair media outlets have reported.
In Defense of Fundamental Analysis Amid Memecoin Mania
Engaging in memecoin markets without thorough analysis and a clear understanding of the risks involved is effectively gambling, not investing, says Jupiter Zheng, partner at HashKey Capital.
Crypto Markets Have Seen $12B of Net Inflows This Year, JPMorgan Says
Most of the $16 billion inflow into spot bitcoin ETFs since their launch likely came from existing digital wallets on exchanges, the report said.
Bitcoin is the only decentralized currency, Tether CEO says
The CEO of the company behind the world’s largest stablecoin, Tether (USDT), believes that Bitcoin is the only unstoppable cryptocurrency.
Solana On-Chain Indicators Suggests A Return Of Bullish Sentiment, Is It Time To Buy SOL?
Certain on-chain indicators paint a bullish picture for Solana (SOL), suggesting this may be an excellent time to purchase the crypto token. This aligns with Solana’s price movement on the chart, with technical analysts predicting that an upward…
Tokenizing music catalogs: The next frontier for Web3 and music industry
At the Proof of Talk 2024 conference in Paris, Serio Mottola, CEO of Music Protocol, advocated for integrating blockchain technology into the already established billion-dollar music industry.
Bitcoin price tracks $68K as 'chicken' crypto market shrugs off US PPI
Bitcoin and altcoins are unmoved by a significant inflation slowdown, as shown in the latest U.S. macro data.
Blockchains Are Revolutionizing Public Goods Funding
Rewriting how capital flows through society is arguably the biggest unlock in crypto. As blockchains compete for market share, we’re begging to see rapid experimentation with novel forms of funding that grow ecosystems, says Sophia Dew.
US Bitcoin miners silent in face of Kerrisdale ‘snake oil’ claims
U.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the industry.
Terraform Labs ends operations, Terra community takes over
Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community.
Hidden Road partners with Bitfinex after Bybit KYC issues
After halting support for BybBit’s crypto services in May 2024, Citadel-backed Hidden Road inked a new crypto partnership with Bitfinex exchange.
BNB Chain to support early projects with new incubation alliance
The announcement comes amid a recent surge in BNB’s price, reaching a new all-time high of $717.48 on June 6.
Consensys Helps Decentralize Hollywood With Film.io and VillageDAO Partnership
Film.io is the first partner to join VillageDAO, a smart contract framework and service provider for Web3 communities.
NEAR Foundation Forms Nuffle Labs With $13M in Funding
The spinout is aimed at advancing NEAR's modularity and bringing more decentralized development to the ecosystem.
Zero-knowledge Manta Network launches $50M ecosystem fund
Early-stage projects building on Manta Network can receive up to $50,000 in grants.
Digital ID Startup Spins off From Polygon Labs, Aims to Mitigate AI-Generated Misinformation Risks
Privado ID, previously known as Polygon ID, has announced its spin-off from Polygon Labs on June 13, 2024. The move aims to meet the global demand for digital identity and reputation solutions that work with both onchain and online data. Privado…
Dogecoin Under Pressure And ‘Going To Zero’, Analyst Says – Here’s Why
European Commission selects Iota Web3 ID for blockchain sandbox
The European Commission’s selection of Iota’s Web3 ID solution highlights the solution’s potential to revolutionize KYC processes using distributed ledger technology and tokenization on a mass scale.
Terraform Labs to Dissolve After SEC Settlement, CEO Announces
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC…