Author: CryptooTimes
The likelihood of President Joe Biden withdrawing from the upcoming U.S. presidential election has reached 35%, according to decentralized prediction market platform Polymarket. After Biden’s lackluster debate performance against former President Donald Trump on Thursday, July 27, there has been a notable surge in activity on the Polymarket prediction platform. Gamblers are particularly keen on whether Biden will drop out of the presidential race, wagering more than $7.1 million on “yes.” The debate, which the BBC critiqued for being dull and unclear, has intensified doubts about Biden’s ability to serve another term, casting his performance as a liability within the…
Bitcoin miners have earned less than 2 Bitcoin combined from Runes transactions over the last six straight days — an enormous drop from its record 884 Bitcoin on April 24.
“We asked the SEC for documents about closed investigations to shed light on how the SEC views its newfound, sweeping (and unlawful) authority,” Coinbase Chief Legal Officer Paul Grewal said in a post on X (formerly Twitter). “One of those investigations, which only recently closed, focused on ETH, which the SEC publicly announced is not a security in 2018. And the other investigations have been closed for years. But the SEC stonewalled our requests.”
The blockchain space saw a big week of venture capital (VC) activity, with 23 startups securing over $154 million in funding. According to data from Crypto Fundraiser, the amount of money that flooded the crypto space exceeded last week’s total by almost $91 million. VC firms also funded 10 more projects this week than last week. Crypto fundraising, June 23 – 29, 2024 | Source: Crypto Fundraising Here’s a breakdown of the top deals: Conduit, $37 million Conduit led the pack. The crypto infrastructure dominated with a $37 million series A round. Paradigm and Haun Ventures co-led the effort. Robot Ventures,…
VanEck seeks approval for Solana ETF, ETH supply rises 73 days in a row, and Satoshi-era wallet moves Bitcoin.
So-called 19b-4 documents are filed by exchanges (e.g., the New York Stock Exchange or NASDAQ) to inform the SEC of a proposed rule change. These filings are required to list a new type of ETF. Issuers were asked to amend their 19b-4s around May 20, during which most of the issuers removed provisions for staking. The SEC approved amended versions of these from eight issuers – VanEck, 21Shares, Grayscale, Fidelity, Invesco, iShares, Franklin and Bitwise – soon afterward, on May 23. (Later, ProShares also threw their hat into the ring.) While this means that the SEC will likely approve spot…
From the beginning of July, crypto exchanges and stablecoin issuers will operate in the EU according to the rules provided for by the MiCA law. The entry into force of the Markets in Crypto-Assets (MiCA) law on June 30 means significant changes for the cryptocurrency industry in the EU. One of MiCA’s key provisions is regulating stablecoins, as well as rules for a wide range of crypto assets and exchange platforms. What MiCA says MiCA is a regulatory framework that clarifies and uniformly regulates the cryptocurrency market. It defines digital asset classification and specifies laws and areas of responsibility for…
Meme coins have stolen the spotlight this Bitcoin halving cycle, and they’ve offered unparalleled opportunity to at least some participants.
In 1987, I sat outside the Medco Center in Springfield, Kentucky, with my grandfather, Bob Burns, a blind ex-industrial laundry worker from Boston. At 80, Bob spent many of his final days at Medco Center, seated in a folding chair and following the sun like a human sundial. One day, he showed me a remarkable watch that, with the press of a button, would speak the current time – a fascinating device for a seven-year-old. This moment marked the beginning of my curiosity of how technology could change everyday life, and the start of my journey in what is now…
U.S. spot Bitcoin (BTC) ETFs have seen a positive shift, registering four consecutive days of net inflows amounting to $137.2 million. The turnaround started on June 25, following a tough week of consistent net outflows across nearly all funds. Bitcoin spot ETF flows June 25-28 | Source: Farside Investors On that day, per data from Farside Investors, spot Bitcoin ETFs in the U.S. recorded $31 million in net inflows, with Fidelity’s FBTC leading the charge with $48.8 million in inflows, followed by the Bitwise Bitcoin ETF (BITB) with $15.2 million. The VanEck Bitcoin Trust (HODL) also reported $3.5 million in…
