Author: CryptooTimes
Gnosis GNO +19.97% DAO is discussing a proposal for a large-scale buyback of its native token.This proposal was put forward by Thanefield Capital — a crypto fund with a vested interest in the Gnosis (GNO) token. It is requesting that the DAO deploys $30 million from its treasury over a six-month period, claiming it will realign the market value of GNO with its intrinsic book value.Thanefield Capital asserted that the current market capitalization of GNO, based on its circulating supply, is undervalued. It contrasted this with Gnosis DAO’s assets, which include $630 million in non-GNO liquid assets and $100 million…
The value of ethereum (ETH), the second-largest cryptocurrency by market capitalization, has increased nearly 18% against the U.S. dollar due to speculation that the U.S. Securities and Exchange Commission (SEC) might approve some spot ether exchange-traded funds (ETFs). Market Buzz Lifts Ethereum to $3,691 On Monday, ethereum (ETH) reached an intraday peak of $3,691 per […] Source link
Filmmaker Richard Whittaker — and his Mom — examine the collapse of crypto exchange FTX in a micro-budget doco now screening on Amazon Prime. Source link
Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering. Source link
BounceBit has announced its roadmap to democratize high-yield opportunities in Bitcoin investing by merging centralized and decentralized finance. BounceBit, a new Bitcoin restaking startup backed by Binance, has unveiled its roadmap for 2024, outlining key aspects the project is planning to implement this year. In a Medium blog post on May 20, BounceBit announced its intention to combine the structure and liquidity of centralized exchanges like Coinbase while building decentralized infrastructure for Bitcoin “as an asset, without altering its core technology.” The startup explicitly stated it will not launch a sidechain or layer-2 solution, saying “recent trends, like runes and…
Ethereum price soared to a 2-month high at $3,700 today as analysts significantly boosted their expectation that a spot ETH ETF could be approved. Source link
Financial advisors seeking to navigate the crypto custody landscape must understand the full spectrum of crypto custody options, balancing innovation with risk management to optimize client portfolios. Source link
Dragonfly Capital’s Haseeb Qureshi raised concerns about theories of recent listings on Binance, hinting at complexities behind market fluctuations. The drop in prices of tokens listed on Binance over the past six months might not be the result of venture capital dumping, but rather a more nuanced interplay of market dynamics, suggests Dragonfly Capital managing partner Haseeb Qureshi. In an X article published on May 19, Qureshi raised concerns over data published by @tradetheflow_, who found that recent Binance listings, dubbed “high FDV, low float” tokens, have experienced significant declines despite initial optimism. Looking at all the new listing of…
If a 19b-4 spot Ether ETF filing be approved, analysts anticipate the SEC won’t immediately sign off on the S-1, which is required for the products to launch. Source link
Bitcoin (BTC) is adding to gains alongside ETH’s advance, now higher by more than 5% and just shy of the $70,000 mark. Also on the move is the Grayscale Ethereum Trust (ETHE), a closed-end fund that Grayscale has proposed converting into a spot ETF. It’s recently been trading at more than a 20% discount to net asset value as investors bet against SEC approval, but is now higher by more than 23% on Monday. Source link
