Author: e_cash_top
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There’s a DElephant in the room and DePIN can usher it out of the door
[ad_1] The following is a guest post from Venket Naga, CEO at Serenity Shield. Would you give a stranger the keys to your house, permitting them to do whatever they wanted with the goods inside?If you did, and that stranger went and crafted some fake replicas of your personalized jewelry to sell at auction, lent…
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The blockchain antihero or just a cheap casino?
[ad_1] The following is a guest post from Ashton Wolfe, the managing partner at MohrWolfe. In the whirlwind world of crypto, Solana often becomes the center of debate. Renowned for its unparalleled speed and affordability, as well as an ever-expanding ecosystem, it’s a favorite among retail enthusiasts and degenerates. Yet, it’s not without its controversies—network…
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Farallon Capital discloses $85 million in GBTC, Cetera discloses $22 million in GBTC
[ad_1] Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management have reported multi-million dollar investments in spot Bitcoin ETFs in the first quarter. Farallon Capital, a San Francisco-based hedge fund manager, disclosed an $85.2 million investment in Grayscale’s GBTC on May 24. Based on Fintel data, the company is among the 10 firms with…
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Coinbase claims SEC is trying to ‘side-step’ Howey test in latest appeal attempt
[ad_1] Coinbase believes the SEC is trying to “side-step” the Howey test by avoiding the question of whether a digital asset transaction carrying no post-sale obligations can be an investment contract. The exchange made the claim in a motion for an interlocutory appeal filed with the US District Court for the Southern District of New…
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Spot ETH ETFs could see 25% of the demand of BTC counterpart – Bloomberg analysts
[ad_1] Bloomberg ETF analyst James Seyffart believes that spot Ethereum ETFs could see 20% to 25% of the demand experienced by spot Bitcoin ETFs. Seyffart expressed his stance in an interview hosted by Bitwise, adding that his fellow Bloomberg ETF analyst, Eric Balchunas, believes the new funds will see 15% to 20% of the demand.…
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Ethereum Foundation considering formal conflict of interest policy after community backlash
[ad_1] Ethereum Foundation (EF) is considering implementing a formal conflict of interest policy following backlash over two prominent developers joining EigenLayer as advisors. Executive director Aya Miyaguchi addressed the issue in a social media post, emphasizing the importance of maintaining credible neutrality within the organization. She said the foundation shares the community’s concerns and is…
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Bitcoin miner Marathon partners with Kenya to capitalize on excess energy
[ad_1] Marathon Digital Holdings has partnered with Kenya to monetize underutilized energy. Marathon chairman and CEO Fred Thiel signed the agreement with Kenya’s Prime Cabinet Secretary, Hon. Musalia Mudavadi, E.G.H, on May 24. Thiel said the deal will involve Kenya and Marathon “jointly developing technology projects.” Thiel described a partial focus on digital assets, stating…
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Nigerian High Court delays Binance executive trial over health concerns
[ad_1] A Nigerian High Court has adjourned the money laundering trial against Binance and its executive Tigran Gambaryan to June 20 because of the executive’s health concerns, according to a May 23 statement from the Economic and Financial Crimes Commission (EFCC). The EFCC reported that the defense counsel, led by Mark Mordi, informed the court…
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Crypto exchanges Gate.io, OKX retreat from Hong Kong licensing efforts
[ad_1] Two prominent global exchanges’ subsidiaries — Gate.io and OKX — have withdrawn their applications for an operational license in Hong Kong in the last two days. This decision reflects a broader trend, as eight firms—including exchanges backed by Binance and HTX—have also abandoned their licensing efforts in the city-state, according to a notice on…
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JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains
[ad_1] JPMorgan predicts that the newly approved spot Ethereum exchange-traded funds (ETFs) will likely begin trading before the November US presidential elections, citing crypto’s increasing political significance. This outlook follows the US Securities and Exchange Commission’s (SEC) unexpected approval of eight spot Ethereum ETFs on May 23, marking a notable shift from the previous skepticism…