Ethereum
Munchables Hacker Returns Stolen $62.8M in Ethereum
In a dramatic turn of events, the Munchables developer responsible for siphoning $62.8 million worth of Ethereum from the Ethereum-based nonfungible token (NFT) game has opted to return the stolen funds. The saga began on March 26, at approximately 9:30 pm UTC, when Munchables reported a hack drained over 17,400 ETH from its GameFi app. […]
US Lawmakers Demand SEC Clarify Position On Ethereum in Prometheum Case
In a letter sent on March 26, the chairmen of the US House Financial Services Committee and the House Agriculture Committee asked Securities and Exchange Commission (SEC) chair Gary Gensler to clarify its position on crypto firm Prometheum’s plans to offer institutional custody services for Ethereum (ETH). They requested Gensler because of potential regulatory disparities […]
Polygon zkEVM Experiences Downtime Amid Blockchain Sequencer Problems
Ethereum layer-2 scaling solution Polygon has announced that its zero-knowledge Ethereum Virtual Machine (zkEVM) is currently experiencing downtime due to an issue with its blockchain sequencer. In a post on X, Polygon assured its two million followers that the problem is confined to zkEVM alone. “This only impacts Polygon zkEVM (the only rollup) and does […]
SEC Delays Grayscale Ethereum Futures Trust ETF Decision Again
In a recent development, the Securities and Exchange Commission (SEC) has once again delayed its decision regarding the proposed Grayscale Ethereum Futures Trust exchange-traded fund (ETF), as detailed in a recent filing. In the filing published on March 22, the SEC announced an extension of the deadline from March 31 to May 30 to determine whether […]
BlackRock Deposits $100M USDC, Gains Memecoins & NFTs
In a surprising turn, asset management giant BlackRock has emerged as a notable player in cryptocurrency and nonfungible tokens (NFTs), acquiring a substantial portfolio worth at least $40,000 in memecoins and NFTs. The revelation came to light after vigilant observers tracked transactions to one of BlackRock’s wallets associated with a new tokenization fund. Data shows a […]
SEC’s Ethereum ETF Approval Delay Adds to Uncertainty
The US Securities and Exchange Commission (SEC) has postponed its decision on the Ethereum spot exchange-traded funds (ETFs) proposed by Hashdex and Ark 21Shares. In a notice filed on Tuesday, March 19, the new deadlines for deciding on the Hashdex and Ark 21Shares Ethereum spot ETFs are May 30, 2024, and May 24, 2024, respectively. […]
Bitcoin Price Slumps To $64K, Liquidations Tops $659M
The price of Bitcoin (BTC) faced a deep correction from its all-time highs during early-day trading on Tuesday. At the time of writing, the largest cryptocurrency by market cap was trading at $63,100, down nearly 7.51% over the past 24 hours. The price drop sparked massive liquidations of leveraged crypto positions worth over $659 million […]
Ethereum ETF Amendment: Grayscale Awaits Imminent Approval
Grayscale’s Chief Legal Officer, Craig Salm, has announced that the company has submitted a revised Form 19b-4 for its Ethereum Trust to the U.S. Securities and Exchange Commission (SEC). Salm considers the move a crucial step in Grayscale’s effort to upgrade ETHE to start trading on the New York Stock Exchange (NYSE) Arca. In his […]
Bitcoin Falls Below $68K, Leads to $811M in Crypto Liquidations
Bitcoin (BTC) fell below the $68,000 mark in early-day trading on Friday after hitting a new high above $73,000 the previous day. At the time of writing, Bitcoin was trading at $67,141, nearly 8% down in the last 24 hours. The price correction triggered massive liquidations of positions worth more than $811 million in the […]