Under Gary Gensler’s leadership at the SEC, Bitcoin ETFs have achieved unprecedented levels. This development seems to be prompting diversification within the cryptocurrency market, with various competitors to Solana showing promise for substantial growth in 2024. This highlights the evolving dynamics within the digital asset landscape. The BlastUP presale surpasses the $1 million mark, signaling…

summary Vitalik Buterin, co-founder of Ethereum, has presented a plan aimed at safeguarding the platform against potential threats posed by quantum computing. The strategy involves implementing a hard fork and integrating quantum-resistant cryptographic techniques to bolster Ethereum’s security measures. Buterin underscores the susceptibility of Ethereum’s cryptographic framework to quantum computing, underscoring the necessity for heightened…

in brief BlackRock’s Bitcoin ETF, IBIT, achieves a milestone in the United States by surpassing $10 billion in assets under management (AUM) at a rate faster than any other ETF. The remarkable surge in Bitcoin prices has been a key driver behind the rapid expansion of IBIT, drawing interest from both institutional and retail investors….

Following the successful introduction of Bitcoin spot ETFs in the United States, financial institutions in Hong Kong are priming themselves to capitalize on the burgeoning demand for cryptocurrency investment offerings. Although Hong Kong initiated the application process for Bitcoin spot ETFs in December of the previous year, no such products have yet surfaced in the…

Amidst unparalleled market turbulence and a notable decrease in reserves, BA Labs has put forth a proposal for an emergency rate adjustment in the MakerDAO community forum. With a focus on tackling the pressing issues stemming from the current market environment, BA Labs, a prominent member of the MakerDAO Stability Advisory Council, has presented a…

In a concerning development, UK-based cryptocurrency firm Copper Technologies is reported to have transferred digital assets exceeding $4.2 million to a wallet linked to a sanctioned Russian arms dealer. According to The Guardian, these transfers were made to Jonatan Zimenkov, a 29-year-old Russian national, in May 2021. However, it wasn’t until February 2023 that Zimenkov…

A group of investors aiming to initiate legal action against cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and other executives have been granted a renewed opportunity to pursue their case. The Second Circuit Court of Appeals recently overturned a previous ruling by a lower court that had dismissed the lawsuit. This reversal permits the…

in brief Attorney Bill Morgan has identified key factors that could drive XRP to exceed its record high of $3.4 within the current year. A pivotal moment for XRP took place in July 2023 when Judge Analisa Torres ruled affirmatively on XRP’s non-security status, providing vital legal clarity for the cryptocurrency. The prolonged legal dispute…

in brief Shytoshi Kusama, the lead developer of Shiba Inu, has actively championed the campaign for listing the BONE token on Binance. Kusama rallied the Shiba Inu Army to vote for BONE’s inclusion on Binance through a post on X, emphasizing the importance of collective action. The voting campaign is hosted on the Binance Futures…

quick take Decentralized finance (DeFi) market achieves a milestone with total value locked (TVL) reaching $100 billion amidst a surge driven by Bitcoin. Memecoin frenzy spreads throughout the cryptocurrency market. The cryptocurrency industry has experienced a notable shift due to the recent surge in Bitcoin demand, particularly affecting the sentiment surrounding decentralized finance (DeFi) protocols….