Crypto

Standard Chartered reaffirmed its projection that Ethereum (ETH) will reach $8,000 by the end of the year, following heightened anticipation of ETF approvals. StanChart’s head of crypto research, Geoffrey Kendrick, said in a note shared with CryptoSlate that recent developments reflect heightened investor optimism and increased market activity. Kendrick’s statement comes after Bloomberg analyst Eric …

StanChart reaffirms Ethereum’s potential to hit $8000 following ETF approval Read More »

Former President Donald Trump has begun accepting crypto donations for his re-election campaign, making him the first US Presidential candidate to adopt digital assets for funding. According to a May 21 statement: “This addition to President Trump’s already groundbreaking digital fundraising operation marks the first time a major party Presidential nominee has embraced cryptocurrency for …

Trump campaign leans in on crypto with new donation page amid shifting political landscape Read More »

Uniswap Labs has issued a defiant response to the SEC’s Wells notice, asserting the agency’s attempts to regulate DeFi are misguided and legally unsound. The company said in a May 20 blog post that it is confident it will come out victorious if forced into litigation by the SEC. Uniswap Labs said: “We’re confident that …

Uniswap Labs slams SEC’s misguided attempts to regulate DeFi Read More »

OP3N has announced the launch of the first-ever Web3 Content Creator House in Portugal in collaboration with Avalanche and AvaxDAO. The OP3N House Lisbon, powered by Avalanche, will operate from May 28 to June 2 during NFC Lisbon. This initiative marks a cultural milestone in Web3 content creation, aiming to foster collaboration among leading Web3 …

OP3N to trial first Twitch style Web3 creator house in Lisbon powered by Avalanche Read More »

Gala Games said it responded swiftly to the significant security breach on May 20 that resulted in the unauthorized sale of $21 million worth of GALA tokens and the “effective burn” of an additional 4.4 billion tokens. The exploit has highlighted vulnerabilities within the project’s internal controls, prompting immediate action from the company. The response …

Gala Games says it resolved exploit within 45 minutes, identified culprit Read More »

Bloomberg Senior ETF Analyst Eric Balchunas tempered the excitement over spot Ethereum exchange-traded funds (ETFs), suggesting they may attract only a fraction of the investments seen in Bitcoin ETFs. On May 20, reports indicated a 75% chance that the US Securities and Exchange Commission (SEC) would approve an ETH ETF, starkly contrasting the previous pessimism …

Ethereum ETFs may capture only 15% of Bitcoin ETF assets, says Bloomberg analyst Read More »

Stablecoin issuer Tether minted $1 billion USDT tokens on the Ethereum blockchain, capitalizing on a market upswing driven by hopes that the US Securities and Exchange Commission (SEC) might approve a spot ETH ETF for trading this week. Whale Alert first reported the minting, which was later confirmed by Tether CEO Paolo Ardoino, who wrote: “PSA: 1B USDt inventory replenish …

Tether mints $1 billion USDT on Ethereum amid ETF anticipation Read More »

GAM3S.GG, formerly Polkastarter Gaming, has unveiled it will launch a Web3 cloud gaming platform in partnership with Aethir amid an ambitious roadmap for 2024, emphasizing significant advancements in web3 gaming. The roadmap highlights several key initiatives to enhance user experience and drive the adoption of web3 gaming. In the second quarter of 2024, GAM3S.GG will …

Decentralized Web3 cloud gaming platform coming this summer in partnership with Aethir Read More »

Quick Take Ethereum, the second-largest digital asset by market capitalization, witnessed a remarkable price surge on May 20, fueled by Bloomberg analysts’ revised odds of a potential Ethereum Exchange-Traded Fund (ETF) approval. The analysts now estimate a 75% chance of the ETF receiving the green light, driving Ethereum’s price up by approximately 18% – the …

Potential ETF approval fuels 18% Ethereum surge, highest since 2021 Read More »

Vitalik Buterin, co-founder of Ethereum, has voiced his concerns regarding the rapid development of superintelligent AI and the concentration of power within the AI industry. In a recent statement, Buterin emphasized the risks associated with superintelligent AI and cautioned against rushing into its development. He specifically opposed allocating $7 trillion for server farms, referencing Sam …

Vitalik Buterin says Sam Altman should not get $7 trillion funding for AI semiconductor super farm Read More »