Ark Invest, 21Shares drop staking from spot Ethereum ETF proposal

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 —... Read more »

Genesis Digital Assets to Launch Flare Gas Powered Bitcoin Mining Site in Argentina

Genesis Digital Assets, a leading digital miner, has partnered with YPF Luz, an Argentine power company, to receive power from a flare gas installation to operate a bitcoin mining site in Argentina.... Read more »

Kraken spotlights SEC inability to identify ‘investments contract’ in digital assets

Kraken has refuted the Securities and Exchange Commission’s (SEC) claims that its platform listed securities, pointing out that the financial regulator’s arguments attempt to restructure the US financial system beyond its regulatory... Read more »

House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to Veto

The U.S. House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission’s SAB 121 regulations on digital assets. The resolution seeks to reduce regulatory... Read more »

Pyth Network, Aevo, Memecoin, and Starknet set for over $2 billion token unlock this month

Share this article Several crypto projects are poised for significant token releases in May, with Aevo, Pyth Network, Memecoin, and Starknet at the forefront. Data from Token Unlocks indicates that these projects... Read more »

Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s

The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the... Read more »

Robinhood CEO says SEC unwilling to facilitate crypto industry despite ‘good faith’

Robinhood CEO Vlad Tenev voiced strong concerns about the limitations regarding the accessibility of crypto for Americans and criticized the SEC for its “regulation by enforcement” approach toward the industry. Tenev made... Read more »

Binance fires investigator for exposing market manipulation with DWF Labs — WSJ

Share this article Binance has reportedly fired a member of its market-surveillance team who uncovered evidence of market manipulation by DWF Labs, one of the exchange’s high-profile clients. According to a Wall... Read more »

Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities

Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions... Read more »

Core Scientific reports $210.7 million in Q1 net income, 2,825 BTC production

Core Scientific reported a $210.7 million net income for the first quarter on May 8. The change represents an increase of $211.1 million from the first quarter of 2023, when the company... Read more »
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