Author: e_cash_top

[ad_1] Ethereum co-founder Vitalik Buterin donated 30 ETH, approximately $113,000, to support the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm. Etherscan data shows that Buterin donated to the “Free Pertsev and Storm” defense fund on the decentralized fundraising platform Juicebox early today, May 30. The fund had raised 591 ETH worth…

[ad_1] The latest data from Farside reveals slowing inflows into Bitcoin (BTC) exchange-traded funds (ETFs), totaling $28.3 million on May 29. Six of the 11 ETF issuers experienced positive inflows, with BlackRock’s IBIT leading the pack. BlackRock IBIT saw a $24.6 million inflow, bringing its total net inflow to $16.5 billion. Fidelity’s FBTC followed with…

[ad_1] ARK Invest CEO and CIO Cathie Wood asserted on May 29 that the US SEC greenlit spot Ethereum ETFs for political reasons. At Coindesk’s Consensus 2024, Wood identified two developments that arguably influenced the SEC’s changing sentiment. First, she said the House’s recent passing of FIT21 defined crypto as an election issue. Secondly, she…

[ad_1] Senator Cynthia Lummis recently said the crypto market will play a significant role in the US economy unless the opportunity is squandered. Lummis, a vocal advocate for pro-crypto legislation, believes that recent victories in Congress signal a promising future for the sector. In recent years, pro-crypto lawmakers like Lummis have worked tirelessly to educate…

[ad_1] BlackRock amended the S-1 registration statement for its spot Ethereum ETF in a May 29 filing, marking a step toward approval. The filing builds on BlackRock’s original registration statement, which was initially filed in November 2023. Bloomberg ETF analyst James Seyffart called the filing a step toward launch after the SEC approved 19b-4 listing…

[ad_1] Onchain Highlights DEFINITION: Number of Addresses with a Non-Zero Balance by Glassnode is the number of unique addresses holding a positive (non-zero) amount of coins. The number of addresses with a non-zero balance provides insights into the market forces and user adoption. The data from Glassnode shows a notable increase in addresses holding Bitcoin, surpassing…

[ad_1] Deutsche Bank AG has announced its strategic push into blockchain technology as a potential remedy for the margin compression challenges facing the financial services industry, Bloomberg News reported on May 29. The German banking giant is participating in Singapore’s Project Guardian, an initiative led by the Monetary Authority of Singapore, which aims to harness…

[ad_1] Mastercard launched Mastercard Crypto Credential on May 29, enabling users to send and receive crypto using simplified aliases instead of complex blockchain addresses, according to a press release. Mastercard Crypto Credential verifies interactions among consumers and businesses on blockchain networks, ensuring users meet verification standards and confirming the recipient’s wallet supports the transferred asset.…

[ad_1] Quick Take The Hash Ribbon chart by Glassnode is a market indicator that identifies potential bottoms in Bitcoin’s price by analyzing miners’ behavior. Specifically, it suggests that Bitcoin reaches a bottom when miners capitulate, meaning mining becomes unprofitable relative to the costs. The key signal from the Hash Ribbon occurs when the 30-day moving…

[ad_1] Crypto exchange Gemini said users of its now-defunct Earn product received $2.18 billion of their digital assets, according to a May 29 statement. These distributions amount to 97% of the total digital assets owed to Earn users, marking a significant recovery since the collapse of crypto lender Genesis, which halted withdrawals in November 2022.…