Bitcoin whales, investors holding more than 1,000 BTC in their balances, have been on a relentless buying spree despite the recent market dip towards $60,000. According to Thomas Fahrer, co-founder of Bitcoin-based company Apollo, these large investors have been accumulating BTC at an alarming rate, with their daily spending reaching billions of dollars. Fahrer’s report
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Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), recently voiced his strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. Despite the widespread praise the bill has received for bringing regulatory clarity to the crypto industry, Gensler argues that it would actually weaken current consumer protections
Uniswap Labs, the creator of a major decentralized trading platform, is currently in a legal battle with the US Securities and Exchange Commission (SEC). The SEC has issued a Wells Notice to Uniswap Labs, indicating its intention to take legal action against the company for allegedly operating as an unregistered exchange and broker-dealer. In response,
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Institutional investors are showing a renewed interest in Bitcoin, with investment funds related to the cryptocurrency experiencing a significant increase in inflows. CoinShares’ latest weekly report reveals that Bitcoin investment products attracted a net inflow of $942 million. This surge in investment is seen as a positive sign, indicating a bullish sentiment among institutional investors.
Uniswap Labs recently issued a bold response to the SEC’s Wells notice, taking a strong stance against the agency’s attempts to regulate DeFi. In a blog post on May 20, the company expressed confidence in its position and readiness to defend itself in court if necessary. It believes that the SEC’s efforts to expand its
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In the midst of the presidential election, the popularity of Donald Trump tokens in DEX markets is on the rise. One particular token, ‘Super Trump’, a new Solana meme coin, has captured the attention of investors with a significant surge in value. While Super Trump has gained momentum and climbed to the top of the
Recently, Gala Games, a well-known blockchain gaming platform, experienced a significant security breach that resulted in the unauthorized sale of 600 million GALA tokens, valued at $23 million. This breach has once again brought the issue of security in the crypto space to the forefront, highlighting the importance of robust internal controls in preventing such
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