Author: CryptooTimes
LUKSO is revolutionizing the way we interact with digital and physical assets by focusing on user experience and the creation of strong peer-to-peer economies. Through its core principles of tokenization, virtualization, and identification, LUKSO aims to unleash the economic value of community interactions and creative economies. Their blockchain platform enables brands and creators to form meaningful relationships with their audiences, rewarding individuals for their engagement and interactions. Furthermore, by bridging the gap between physical and digital experiences, LUKSO fosters a more immersive and economically beneficial environment for users. The importance of LUKSO lies in its ability to redefine asset management…
Cryptocurrency exchange Bitget has appointed former TV host Gracy Chen as its new chief executive, succeeding Sandra Lou. Bitget‘s veteran Sandra Lou is leaving the cryptocurrency exchange Bitget she led since the firm’s establishment in 2018. In a blog post on May 21, Bitget said that Gracy Chen will now serve as the company’s new chief executive, succeeding Sandra Lou, who will be leaving the platform “to pursue her own business goals.” “I’m thrilled to continue to be part of shaping this industry that is on the edge of innovation, empowering the future of digital finance.” Gracy Chen Chen joined…
Ether’s price surge is driven by rising chances of U.S. approval for a spot Ethereum ETF and a DOJ indictment reducing the likelihood of ETH being classified as a security. Source link
“It’s more transparent. It’s fair. It’s natively on-chain. It’s, to be blunt, better for privacy,” said Garcia Martinez, CEO of Spindl, whose core service is attribution. “We’re not using weird, sketchy Web2 data,” such as consumers’ browsing history or their personal information, to target campaigns – just on-chain transactions, which are already public. Source link
On May 21, 2024, the Avalanche (AVAX) coin saw a 12% jump, hitting $41.02, according to CoinMarketCap. This uptick came after Avalanche announced the successful tokenization of the Wine Capital Fund by Oasis Pro, now listed on ATS via the Avalanche C-Chain. While the current price is far from its peak of $146.22 in 2021, it still marks a significant achievement. In March 2024, AVAX surged by 34% within a week. As of May 21, 2024, AVAX held the 11th spot among top cryptocurrencies, with a market cap exceeding $15.56 billion. What’s next for Avalanche? Will the cryptocurrency keep rising…
Many market analysts recently changed their stance after the SEC unexpectedly requested that aspiring Ether exchange-traded fund exchanges update their 19b-4 filings before a deadline this week. Source link
In previous filings, the firm said it intended to “stake a portion of the trust’s assets” to “one or more” infrastructure providers. However, it clearly stated in Tuesday’s update that it would “not stake the ether” stored with the custodian. Source link
Analysts at crypto trading firm QCP Capital say the unexpected approval of spot Ethereum ETFs could propel ETH price to $5,000 “later in the year.” The price of Ethereum‘s ETH native cryptocurrency might target the $4,000 mark as a “natural short-term target” should the U.S. Securities and Exchange Commission (SEC) approve spot Ethereum exchange-traded funds (ETFs). Ethereum price in USD | Source: TradingView In an analytical update on May 21, analysts at the Singapore-based trading firm stated that the second-largest cryptocurrency by market value could eventually hit $5,000 later this year if the SEC surprises the market with its approval.…
The transfer occurred after Ether’s price rose over 20% during the past day, boosted by a potential U-turn by the United States SEC. Source link
ETH has been buoyed by favorable regulatory developments that seem to indicate increasing chances of spot ether ETFs being approved by the SEC after the regulator asked exchanges to update 19b-4 filings, which propose rule changes. As a result, the ether implied volatility curve, which shows market expectations of future volatility across different strike prices and expirations, flattened as 25-delta risk reversals hit year-to-date highs above 18%, and traders heavily bought $4,000 calls for 24 May and 31 May, Presto Research analysts wrote. A Polymarket contract asking if an ether ETF would be approved by May 31 jumped from 10…
