Hong Kong’s approval of Spot Ethereum ETF could pave the way for more Layer 1 tokens being accepted as ETFs. OKX’s Hong Kong branch OKLINK pointed out that Hong Kong’s attractiveness may have increased among crypto projects. Coinbase’s … [Continue reading]
Vitalik Buterin welcomes opposing views on MEV being an attack on Ethereum
Ethereum team lead Péter believes MEV is an attack on Ether and the Foundation has glorified it rather than addressing the issue. Co-founder Vitalik Buterin commented on the issue and welcomed opposing stances in the project. Ether is … [Continue reading]
Bankrupt lender Genesi Global could return $3 billion in cash and crypto to creditors per court ruling
In a May 17 ruling, the presiding Judge approved Genesis’ Chapter 11 repayment plan. Genesis Global will return $3 billion in cash and crypto to its creditors. Distribution of funds to creditors will take precedence over parent company … [Continue reading]
ONDO rallies 7% as exchange supply declines and social rises
ONDO added 7% to its value on Saturday amidst rising mentions on social media from market participants. The DeFi token’s exchange supply hit its lowest level in 2024. On Friday, a whale withdrew nearly $6 million in Ether to buy ONDO, … [Continue reading]
PYTH, AVAX, PIXEL among $1.35 billion worth of token unlocks next week
Pyth, Avalanche, Pixels, and Space ID networks have massive token unlock events on the calendar next week. PYTH ecosystem will hold largest unlock, where 2.13 billion PYTH tokens worth $906.09 million will flood markets on Monday. Depending on market … [Continue reading]
Spot Bitcoin ETFs gain momentum as investment firms disclose holdings
Point72, JP Morgan, Millennium Management, and others have disclosed their exposure to spot Bitcoin ETFs. Inflows from company investments have reached a total of $1.3 billion in the last two weeks. Bitcoin ETFs put together strong inflows in May to … [Continue reading]
Ethereum bulls show confidence following Vitalik Buterin’s response and Coinbase spot ETH ETF prediction
Coinbase analysts expressed confidence that spot ETH ETFs would be approved. Vitalik Buterin has responded to criticisms labeled at Ethereum developers, stating how they have been addressing some of the concerns of community members. Ethereum … [Continue reading]
Canadian Dollar stuck near familiar levels on tepid Friday
Canadian Dollar taking a breather amidst easy Friday markets. Canada is set for a long weekend and will return on Tuesday with CPI inflation. Fedspeak to dominate as investors await signs of Fed rate cuts. The Canadian Dollar (CAD) is trading softly … [Continue reading]
Fed’s Waller does not comment on policy or economic outlook
Federal Reserve (Fed) Governor Christopher Waller delivered a prepared speech at the International Organization for Standardization Technical Committee 68 Financial Services 44th Plenary Meeting on Friday but refrained from commenting on the … [Continue reading]
Pound Sterling comes down from 1.2700 as US Dollar bounces back
The Pound Sterling falls from 1.2700 as the focus shifts to UK inflation data. Investors expect that the BoE could start reducing interest rates in the June or August meeting. Fed’s hawkish stance on interest rates boosts US Dollar’s … [Continue reading]