Author: e_cash_top

[ad_1] Tokyo stock exchange-listed Metaplanet declared Bitcoin as its strategic reserve asset due to the current economic uncertainty pervading the Japanese economy, according to a May 13 statement. The firm said: “Metaplanet has adopted Bitcoin as its strategic treasury reserve asset. This move is a direct response to sustained economic pressures in Japan, notably high…

[ad_1] Quick Take CryptoSlate recently reported that Ethereum had entered an inflationary state due to the Dencun upgrade, which has reduced the burn rate and diminished gas fees. This development comes as an increasing number of transactions are being settled on Ethereum Layer 2s. Before the Bitcoin halving and throughout much of 2024, Ethereum witnessed…

[ad_1] The sun can produce massive flares of particles and radiation that can have a significant impact on Earth. Scientists have studied these flares for 150 years, focusing on what’s considered the largest such event of all time: the Carrington Event of 1859, named after British astronomer Richard Carrington. The sun erupted and pumped enough…

[ad_1] House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May. The proposed legislation — dubbed the Financial Innovation and Technology for the 21st Century (FIT21) Act — aims to provide…

[ad_1] Ark Invest and 21 Shares dropped staking plans in their updated spot Ethereum ETF proposal on May 10. The firms’ previous Feb. 7 filing added a clause detailing that the sponsor — 21 Shares — intended to stake a portion of the fund’s assets through third-party providers. 21 Shares expected to receive ETH as…

[ad_1] The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria. The move aims to bolster the country’s economic stability while enhancing its status within the African crypto sector. The recommendation comes…

[ad_1] JP Morgan and Wells Fargo are the latest major global banks to disclose exposure to Bitcoin via some of the spot BTC exchange-traded funds launched in January. The two lenders filed their 13F disclosures on May 10, revealing a modest investment in the Bitcoin ETFs. JP Morgan disclosed $731,246 of spot Bitcoin ETF investments…

[ad_1] Coinbase’s non-profit organization called “Stand for Crypto” has launched a political action committee (PAC) aimed at shaping crypto regulation through the 2024 electoral process. Stand With Crypto announced the launch on social media on May 10 and said the PAC will enable its approximately 450,000 members to financially support US Senate and House candidates…

[ad_1] The average transaction fee on Ethereum has reached record lows as more activity moves to the Layer-2 (L2) networks on the chain. According to Ultrasound.money data, the average gas has dropped to 4.81 Gwei — the lowest level since the network completed the Merge event in 2022. Market observers attributed this decline to increasing…

[ad_1] Quick Take US ETFs According to the latest Farside data, US Bitcoin exchange-traded funds (ETFs) experienced outflows on May 9, totaling $11.3 million. Notably, the Grayscale Bitcoin Trust (GBTC) witnessed a $43.4 million redemption, marking its largest single-day outflow since May 2. GBTC has now recorded a total of $17.5 billion in outflows. Six…