The US Securities and Exchange Commission (SEC) has taken a firm stance against Coinbase’s motion to compel additional discovery in their ongoing legal dispute. The SEC argues that Coinbase’s requests for documents are irrelevant and overly burdensome. In their filing on Aug. 5, the SEC stated that the documents sought by Coinbase are not essential
Bitcoin exchange-traded funds (ETFs) in the United States experienced a significant increase in daily trading volume on August 5, surpassing $5 billion. This surge in volume, the first since mid-April, was largely driven by BlackRock’s IBIT ETF, which accounted for nearly $3 billion in trades. Fidelity’s FBTC and Grayscale’s GBTC also saw high trading volumes,
Binance CEO Richard Teng recently shared that the exchange experienced record inflows and one of its highest trading volumes for the year. In a statement, Teng mentioned that amidst the macroeconomic climate and a market downturn, Binance recorded a net inflow of $1.2 billion in just 24 hours. This data was sourced from DefiLlama’s CEX
The recent volatility in the cryptocurrency market has once again brought into focus the unpredictable nature of digital assets. With the total crypto market capitalization surpassing $2 trillion, only to plummet by $500 billion in less than a week, investors have been left reeling from the rapid ups and downs. The figures paint a picture
Supervillain Wanted is a new game that has caught the attention of both the gaming and blockchain communities due to its unique play-to-earn approach. The game, developed by Supervillain Labs, aims to combine elements from both Web 2 and Web 3 gaming realms to create an immersive experience for players. One of the key features
Cardano’s performance in July stood out amidst the overall crypto market downturn. The Cardano foundation reported a notable increase in on-chain activity, showcasing the network’s resilience and growing user engagement. Despite the broader market setbacks, Cardano continues to sustain and build momentum. The data provided by the foundation revealed that Cardano saw a modest yet
Cardano’s journey towards decentralization and innovation is divided into distinct phases known as “eras.” Each era is named after influential poets, mathematicians, or computer scientists and brings in new features through hard forks. From Byron to Shelley, Goguen to Basho, and now Voltaire, Cardano has been steadily progressing towards a fully decentralized blockchain ecosystem. The
In the past 24 hours, the cryptocurrency market has experienced a drastic sell-off, with both Bitcoin and Ethereum plummeting over 20% in value. This significant drop has caused widespread panic and uncertainty among investors, leading to a ripple effect throughout the digital asset industry. At the center of this chaos is Justin Sun, the founder
Unstoppable Domains and Amazon Web Services (AWS) recently held a global virtual hackathon that attracted an impressive 1,162 participants from all over the world. The event, hosted on Devpost.com, brought together developers to explore the possibilities of combining AWS’s cloud computing capabilities with Unstoppable Domains’ blockchain-based digital identity solutions. During the hackathon, participants were tasked
Following a significant market crash that caused Ethereum to tumble 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a positive day of inflows. On August 5th, the total inflow for the nine newly launched spot ETH ETFs was $49 million, marking its second-highest inflow day since their introduction. This surge suggests that
