The US Congress passed a stopgap funding measure on October 1, preventing a government shutdown. The Republican Party, which holds a majority in the US House of Representatives, was divided on the issue. After weeks of infighting, Speaker Kevin McCarthy announced the stopgap proposal and the bill passed the House with a bipartisan vote. The […]
The trial of Sam Bankman-Fried, the founder of crypto exchange FTX, is set to begin this week. Caroline Ellison, his former girlfriend and head of Alameda Research, is expected to testify against him. SBF is accused of attempting to pay Donald Trump to not run for reelection in 2020. Ellison has pleaded guilty to seven […]
U.S. Grayscale has announced that it will eliminate the discount in its Ethereum Trust if it converts it into a spot ETF. This move is expected to provide investors with more access to the Ethereum market, as well as greater liquidity and transparency.The Ethereum Trust is a publicly traded investment vehicle that allows investors to […]
Matrixport, a trailblazer in the field of tokenized T-bills, is leading the way in introducing on-chain T-bills that offer investors a risk-free rate surpassing that of traditional fiat-backed stablecoins. Through its real-world asset tokenization brand, Matrixdock, the company is mainstreaming stablecoins in the crypto sphere. The game-changer lies in how on-chain T-bills and asset tokenization […]
A new report from Binance Research has revealed that oracle-related exploits have caused nearly a billion dollars worth of losses over the past three years. Oracles are used to connect blockchains to external data, allowing smart contracts to execute tasks based on real-world events or conditions. This is especially important for decentralized finance (DeFi) protocols, […]
Shiba Inu (SHIB) has seen a 5 percent price increase in the last week, with a strong response to the Shibarium launch. The Shiba Inu ecosystem has seen a notable increase in its token-burning program, with over 2.3 billion SHIB tokens burned last month. The SHIB price surge comes following the strong response to Shibarium […]
Grayscale, the world’s largest crypto asset manager, has filed with the SEC to convert its Grayscale Ethereum Trust (ETHE) into an Ethereum exchange-traded fund (ETF). The filing was submitted by the New York Stock Exchange (NYSE) on behalf of Grayscale. This move follows the SEC’s approval of multiple Ethereum futures ETF products last week.ETHE is […]
Crypto investment products have seen their first inflows since mid-August, with $21 million flowing into these products in the past week. Bitcoin (BTC) and Solana’s (SOL) investment products contributed significantly to the recorded inflow, with BTC products seeing the most inflows with $20 million and SOL recording inflows of $5 million. Ethereum (ETH) maintained its […]
Chainlink (LINK) has recently announced a partnership with Australia and New Zealand Banking Group (ANZ). ANZ has $670 billion in assets and was one of the participants of the recent case study involving Oracle’s new Cross-Chain Interoperability Protocol (CCIP) technology. This technology was used to complete transactions in tokenized assets using A$DC stablecoin and CCIP.Chainlink […]
Ripple’s native cryptocurrency XRP has seen a 4.40 percent increase in the last week, trading above $0.52. Ripple’s Chief Legal Officer, Stuart Alderoty, shared banners on social media suggesting the US Supreme Court’s intention to curb the power of federal agencies. XRP’s price action currently places it above the 200-day EMA while below the 50-day […]
