In what could mark a significant advancement for the cryptocurrency industry, the US Securities and Exchange Commission (SEC) has issued new guidance regarding liquid staking activities. This development follows a concerted effort by industry leaders, including Jito Labs, Bitwise Asset Management, Multicoin Capital, VanEck, and the Solana Institute, who recently urged the SEC to allow…
One of the leading decentralized exchanges received words of encouragement from a prominent figure in the crypto space. Even though the projectâs results are significant, it canât seem to return to its prior feats, and there are growing concerns about governance. More Room to Grow Matt Hougan, Chief Investment Officer at Bitwise, the largest provider of…
Social media rumors of a Japanese XRP ETF have taken the crypto community by storm after a new report from SBI Holdings. Citing regulatory progress, the firm sketched out theoretical plans for new crypto ETFs. However, the firm isnât going to make an official move until the legal situation improves. Nonetheless, SBI Holdings has a…
Ethenaâs ENA token has shed 3% in the past 24 hours, mirroring the broader crypto marketâs decline as bearish sentiment gains momentum. The drop comes just a few days after the token posted strong gains, with traders now gearing for a potential reversal that could erase all of its recent rally. ENA Slumps as Sellers…
Pi (PI) has experienced one of the most dramatic drops among cryptos valued at over $1 billion as its year-to-date losses climbed to 80% recently. Combined with a strong decline in trading volumes, this favors a bearish Pi Coin price prediction. PI is, by far, the worst-performing asset of the top 40 cryptos in the…
United States Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw is pushing back on the Division of Corporation Financeâs recent liquid staking statement in an August 5 statement of her own. Some Things Are Better Left Unsaid, Caroline Crenshaw Says According to Crenshawâs Tuesday statement, the federal regulator slammed the divisionâs statement, alleging that certain…
United States President Donald Trumpâs Working Group on Digital Asset Markets recently released its long-awaited crypto report. The document, which was made publicly available on July 30, outlines policy recommendations for regulating crypto in the U.S. The report includes recommendations on crypto market structure, jurisdictional oversight, banking regulations, promoting U.S. dollar hegemony through stablecoins, and…
On-chain data shows Dogecoin whales have expanded their holdings recently, a sign that big-money investors are buying the dip. Dogecoin Whales Have Increased Holdings By 1 Billion DOGE In a new post on X, analyst Ali Martinez has talked about the latest trend in the Supply Distribution of the Dogecoin whales. The âSupply Distributionâ here…
Shares of Galaxy Digital faced a significant decline on Tuesday following the release of disappointing quarterly earnings and revenue figures. The crypto-investment and data-center company reported earnings per share of $0.8 for the second quarter, falling short of Wall Streetâs consensus estimate of $0.18. Galaxy Digital Shares Plunge 10% Revenue for the period totaled $9.1…
Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as âETH extractive.â In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1. Thorn added that most L2s are controlled by single…