The recently launched Spot Bitcoin ETFs in the United States have experienced a robust start, achieving significant trading volumes in their first week. According to James Seyffart, Bloomberg’s ETF strategist, all spot Bitcoin ETFs collectively surpassed $10 billion in trading volumes within the initial three days of their launch. The impressive performance indicates strong market […]

Blockchain interoperability protocol Socket reported a security breach on Tuesday that resulted in over $3.3 million in losses. The incident impacted wallets that had granted infinite approvals to Socket contracts. It was attributed to a vulnerability in user input validation. The exploit was linked to a specific route in the system that had been added […]

Pro-XRP lawyer John Deaton, representing over 5,000 Coinbase customers, applauds as the leading crypto exchange Coinbase gears up to challenge the SEC in a federal courtroom. Notably, the high-stakes legal face-off revolves around allegations of trading unregistered securities, potentially reshaping the crypto industry’s dynamic with regulatory authorities. Meanwhile, with Coinbase aiming to dismiss the SEC’s […]

While the Bitcoin price has been consolidating largely post the ETF approval, Ethereum has been making strong moves upside, thereby closing the gap with BTC. At press time, the Ethereum price is trading 1.44% up at a price of $2,564 with a market cap of $308 billion. The Ethereum Price Dominance According to insights provided […]

The Bitcoin ETF market is about to get more diverse as ProShares has made a series of new filings. Bloomberg’s ETF analyst Henry Jim shares that five new Bitcoin ETFs are in the pipeline, offering both leveraged and inverse options based on the daily performance of the Bloomberg Galaxy Bitcoin Index. ProShares Bitcoin ETFs will cater to […]

In a temporary relief to businesses dealing with crypto, the U.S. Treasury Department and the Internal Revenue Service (IRS) have announced a delay in the enforcement of new reporting requirements for digital asset transactions. This postponement comes as the agencies work on implementing regulations following changes introduced by the Infrastructure Investment and Jobs Act. Temporary pause to earlier guideline […]

The U.S. Securities and Exchange Commission’s (SEC) case against Terraform Labs and its co-founder, Do Kwon, has been postponed, Reuters reported on Tuesday. The news comes days after a federal judge refused multiple motions to reconsider earlier orders. The delay of the civil trial will allow the authorities to extradite Kwon from Montenegro. The trial […]

Zhaojun He, the co-founder and CEO of Multichain, a cross-chain bridging protocol, has recently shown signs of activity on Telegram. This development comes after a prolonged period of inactivity following his detention by Chinese authorities in May 2023. As of January 16, 2024, Zhaojun’s Telegram profile indicated he was “last seen recently,” a change from […]

Vanguard’s decision to not allow the trade of Bitcoin ETFs on its platform had kept the entire crypto community on its toes. However, Bloomberg analyst believes that the current backlash won’t make any difference in the company’s inflow of funds. Vanguard marks heavy fund inflows According to Bloomberg analyst Eric Balchunas, Vanguard ETFs have bought […]

Bitcoin addresses that have been dormant since 2019 are now making their comebacks with gigantic transactions spotted on-chain. Bitcoin Addresses Awakening and the Odd Trend The Bitcoin addresses that sprung to life were spotted by crypto intelligence and analytics provider Arkham Intelligence and per the data, a total of $2 billion has been moved with […]