Author: News Room
The potential classification could create a contradiction with the SEC’s prior regulatory approval of Ethereum Futures ETFs. A recent Fortune report raised eyebrows by suggesting the US Securities and Exchange Commission (SEC) is legally pushing to classify Ethereum as a security. Despite no official confirmation from the SEC, the news is big enough to ignite controversy among financial experts and crypto members. According to Fox News journalist Eleanor Terrett, such a classification would directly challenge the Commodity Futures Trading Commission’s (CFTC) stance on Ethereum as a commodity. Bringing this back as we talk about the @SECGov’s potential plans for the…
As the legal saga surrounding Do Kwon, CEO of Terraform Labs, unfolds, his imminent repatriation to South Korea raises questions about the next steps in the investigation. Meanwhile, according to recent reports, he is expected to be extradited to South Korea on March 24. Read the full article here
A total of $4.6 million was lost, according to CertiK. The exploit was related to the smart contract’s mint function. The token has lost more than 99% of its value. A recently issued gaming token on layer-2 network Blast has been exploited with $4.6 million stolen, according to an announcement in the token’s Telegram channel. The project, named Super Sushi Samurai, released its SSS token on March 17 and had planned to introduce the game today. However, an unknown entity exploited a vulnerability in the smart contract’s mint function before selling tokens directly into the SSS liquidity pool. “We have…
Floki ($FLOKI) and TokenFi, a platform within the Floki ecosystem, have been announced as the official cryptocurrency partners for the upcoming WTT Champions Incheon 2024 event in South Korea. This partnership represents a continued push by the Floki project to leverage sporting events for brand awareness. Floki ($FLOKI) began as a meme coin inspired by Elon Musk’s Shiba Inu dog but has rapidly transformed into a versatile ecosystem with a dedicated community. The project uniquely blends meme culture with real-world applications, differentiating itself in the cryptocurrency landscape. Floki’s core focuses include its flagship NFT gaming metaverse, Valhalla, where users can…
Vitalik Buterin, a co-founder of Ethereum, announced the introduction of a new staking concept termed “Rainbow Staking.” This initiative aims to revamp the economic structure of the network by implementing a dual-pronged staking mechanism. The approach distinguishes between heavy and light services, offering a framework that impacts the distribution of rewards. Vitalik Buterin Introduces Ethereum Rainbow Staking Vitalik Buterin explained that Rainbow Staking introduces the two-dimensional Minimum Viable Issuance (2-D MVI). This model aims to optimize reward allocation between heavy services, which demand significant stake backing and play a vital role in network operations, and light services, characterized by their…
As Bitcoin’s network halving event draws near, Glassnode’s latest report sheds light on the evolving trading strategies in the face of significant demand from ETFs, signaling a pivotal shift in the cryptocurrency market. Glassnode Report Unveils Shift in Bitcoin Trading Strategies Ahead of Halving In the countdown to Bitcoin’s much-anticipated halving, the crypto community is […] Read the full article here
Coinbase-backed Base has the highest transaction fees among Ethereum layer-2 networks due to the current wave of attention it enjoys among crypto traders. Gasfees data shows that Base is the priciest layer-2 protocol among scaling solutions that have implemented the Dencun Upgrade’s Blobs feature. The feature significantly reduces transaction fees and enhances throughput for layer-2 networks by allowing for a more efficient and cost-effective way to post rollup data. Indeed, the average transaction fee on Base hovers between $0.0857 and could reach as high as $0.5582 for an average NFT trade on Seaport compared to the average transaction fee on…
Avalanche Foundation, the non-profit organization behind the Avalanche ecosystem, has launched the first phase of a $1 million liquidity mining incentive program dubbed Meme Coin Rush. According to an announcement seen by CryptoPotato, the first phase has been kicked off with participation from liquidity management and decentralized market-making platform SteakHut and decentralized exchange Trader Joe. Avalanche Begins Memecoin Rush Meme Coin Rush was created to help scale liquidity and drive momentum for the community coin ecosystem on Avalanche. Community coins refer to meme coins, non-fungible tokens (NFTs), and similar cryptocurrencies designed by community members for cultural expression and interaction. The…
Old school commodity trader Peter Brandt has made a point of responding to those traders and crypto holders who believe that, at the moment, flagship cryptocurrency Bitcoin is undergoing a big correction after surging to an all-time high of $73,750 last week. Between March 14, when the historic peak was reached, and March 20, the decline constituted 16.64% as Bitcoin landed at $61,520. Still, Brandt tweeted that he does not believe this to be a big correction. “I don’t see a correction,” Peter Brandt says Brandt stated that he has zoomed out to take a more general look at the…
Vertex Protocol introduces Vertex Edge, a groundbreaking cross-chain liquidity layer and orderbook, aimed at transforming decentralized exchange (DEX) trading. This innovative solution accompanies the launch of Vertex’s cross-chain instance, Blitz, on the Ethereum Layer 2 network Blast, marking a significant leap forward in DeFi technology.—Vertex Protocol, known for its low-latency DEX on Arbitrum offering spot, perpetuals, and money markets with self-custody, has positioned itself as a leading DEX since its debut on Arbitrum Mainnet in April 2023. With the introduction of Vertex Edge, the platform takes a giant leap forward in providing seamless liquidity sharing across different EVM-compatible blockchains.Alwin Peng,…