Author: News Room

A new Solana (SOL)-based memecoin has soared to more than a $620 million market cap shortly after launching and securing listings on multiple crypto exchanges. Slerf (SLERF), a new sloth-themed memecoin, is now trading on at least four crypto exchanges as of Monday. MEXC added Slerf to its “assessment zone,” which is reserved for low-cap digital assets prone to volatility. Poloniex, Bitget and Bybit also said they are listing Slerf for trading. Amid the token launch and exchange listing news, Slerf soared to a high of $1.25 on Monday, and the project’s market cap shot up to $622 million. SLERF…

Firms in Hong Kong reportedly hope to leapfrog US companies and get a leg up on the market by rolling out Ethereum (ETH) exchange-traded funds (ETF) first. The Hong Kong news outlet Sing Tao Daily, citing “industry insiders,” reports that spot ETH ETFs are under “intensive preparation” in the jurisdiction. Livio Weng, the chief operating officer of the digital asset financial services firm HashKey Group, also tells Sing Tao Daily that the Ethereum spot ETF is currently the most anticipated product by global crypto investors. Hong Kong’s Securities and Futures Commission (SFC) published spot crypto ETF requirements in December. The…

Chief executive of analytics platform CryptoQuant believes the bull market is far from over despite Bitcoin’s (BTC) latest dip after hitting new all-time highs this month. Ki Young Ju tells his 339,800 followers on the social media platform X that Bitcoin has yet to reach a cycle top, but is undergoing a short-term correction after soaring to a new high of nearly $74,000 on March 14th. He also warns that the correction may continue to be as low as $51,000 based on historic corrections in prior bull market cycles. “Bitcoin is still in the middle of the bull cycle. 1.…

Former Goldman Sachs executive Raoul Pal says the strength of the crypto market’s bull run could depend on one key factor. In a new interview with Pomp Investments founder Anthony Pompliano, Pal says the crypto market could soar this cycle with an increase in real-world blockchain use cases. He also says that re-engagement by past digital asset holders could also boost crypto’s bullishness. “Thinking about the crowd that got financialized in 2020, mainly the millennial crowd, there are 110 million Coinbase accounts. And when I checked six months ago, only nine million were active. So speaking to the guys at…

In a recent shift of perspective, Bloomberg analysts have significantly lowered the forecast for the approval of a spot Ethereum exchange-traded fund (ETF) by May — setting the probability at a mere 35%.According to Eric Balchunas, the odds are down sharply from previous estimates, which ranged between 60% and 70%.The revision reflects growing skepticism about the regulatory green light for Ethereum ETFs, contrasting the previously more optimistic stance.No sign of activityThe caution among analysts follows recent discussions between Coinbase, Grayscale, and the SEC regarding the potential conversion of Grayscale’s Ethereum Trust into an ETF. While such meetings might usually indicate…

Kyle Davies, the co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), says he is not sorry that his company collapsed in 2022 and lost billions of investors’ funds in the process. Davies expressed his lack of remorse during an interview with Laura Shin on a March 19 episode of the Unchained Podcast, stating that he intends to avoid jail time in any way possible. Kyle Davies is Not Sorry Recall that Three Arrows collapsed in mid-2022 amid the crypto market downturn due to heavy losses incurred from its positions. After a British Virgin Islands court ordered the…

Gold bug Peter Schiff keeps riling up Bitcoiners amid the ongoing price crash. This time, the controversial market commentator took another jab at struggling Bitcoin ETF offerings, arguing that their buyers have to “watch helplessly” without being able to exit the market. Trapped in the middle of a crash Unlike the Bitcoin market, which operates globally 24/7, the liquidity of Bitcoin ETF is limited only to US market hours. Now that the market has crashed overnight, ETF buyers have no option to sell, and they have to wait until the market reopens in the morning. As reported by U.Today, the…

In an exciting development for Bitcoin enthusiasts and DeFi users alike, the Bifrost Foundation has announced a strategic collaboration with the Stacks Foundation. This partnership aims to enhance the utility and interoperability of Bitcoin-based assets and protocols, setting a new standard in the DeFi landscape. One of the most notable outcomes of this collaboration is the introduction of BTCfi, a service designed to empower Bitcoin holders with minimized risk opportunities for earning additional Bitcoin. In conjunction with the upcoming release of sBTC, a non-custodial, programmable Bitcoin-backed asset, BTCfi will support sBTC as collateral, echoing the functionalities of WBTC and BTCB.…

Known for adorable memes, its own cutesy language, and massive monuments to beloved pets, the multi-billion dollar ecosystem of Shiba Inu-themed meme coins is generally a place of cuddly cohabitation. But recent tensions between users in the Solana ecosystem—home to the exploding Dogwifhat (WIF) meme coin—and owners of the real-life South Korean dog who inspired the token may have created some trouble in pet paradise. On Thursday, a South Korean Instagram user announced that the Shiba Inu featured in the “Dogwifhat” meme, named Achi, was in fact their pet—and that to celebrate the dog, they planned to auction an NFT…

In a landmark development, Stake DAO has unveiled its collaboration with Chainlink, integrating the Chainlink Cross-Chain Interoperability Protocol (CCIP) to facilitate seamless cross-chain transfers of the Stake DAO Token (SDT). This integration marks a significant milestone, extending across key blockchains such as Arbitrum, BNB Chain, and Ethereum mainnets. By leveraging CCIP’s Simplified Token Transfer capabilities, Stake DAO is setting a new standard in interoperability, ensuring secure and efficient transactions within its ecosystem. Enhancing Security and Accessibility with CCIP Stake DAO’s choice of CCIP underscores a commitment to unparalleled security and reliability in cross-chain operations. Chainlink’s stellar reputation for maintaining robust…