bitcoin
* Bitcoin falls below $67,000, down 3.5% in 24 hours. * Ethereum drops over 4% to $3,540, CD20 falls 3.4%. * GameStop shares drop 12%, meme tokens follow suit. * Cardano network to become fully decentralized in June. * ADA token falls 3.4%, in line with CD20. * Investors trade more
bankruptcy
* FTX debtors seek authorization for second phase of investigation into US exchange collapse. * Focus on Sullivan & Cromwell's representation, claims against former shareholders, and balance sheet discrepancies. * Investigation expected to take 10 weeks and cost $3 million. * Previous report alleged FTX misconduct, including using customer funds to cover
The Big Talk
Often treated with disdain, memecoins have nonetheless been an unavoidable trend in the crypto ecosystem for some months now. Some very serious asset managers, such as Franklin Templeton or VanEck, have even ventured to publish a note on the subject for their investors. Not really based on solid fundamentals, apart
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The Big Analysis
I would be lying if I said I had taken the memecoin phenomenon seriously from the start. Like many, I initially observed it with a certain amount of disdain, as if this trend wasn't noble enough to appear alongside Bitcoin and Ethereum, whose mission serves grand monetary and
bitcoin
* Analysts predict increased market volatility due to upcoming macroeconomic events. * Crypto market downturn after strong U.S. jobs data impacts meme stocks and alternative tokens. * Bitcoin and ether stable over the weekend with low trading volumes post-leverage flush. * Market volatility expected to return with CPI release, FOMC meeting, and
assets
* South Korea's FSC issues guidelines on NFTs as virtual assets * NFTs mass-produced, divisible, and usable for payments considered virtual assets * NFTs with little value treated differently, classified as general NFTs * NFT collections with high quantities could be used for payments * NFTs may be treated as securities if
bitcoin
* Bitcoin led with $1.97B inflows, Ether saw $70M inflows. * Crypto products had $2B inflows, extending 5-week run to $4.3B. * ETH products expected to see continued inflows, potential rally. * SEC approved key filings for ETH ETFs, milestone for crypto. * Traders expect ETH to reach $10,000 in 2024.
base
* Base surpasses Optimism in TVL, becoming largest Layer 2 network in Superchain. * Base's TVL hits $8.05B, surpassing OP Mainnet, with $2.14B bridged value. * Base is second-largest Ethereum scaler, trailing Arbitrum One's $18.27B TVL. * Base leads in transactions per second at 30.36,
banking
* Keyrock appoints TradFi veterans as CCO and COO. * Valdes-Rodriguez from Abra, Adiliberti from Amber Group. * Focus on bridging gap between crypto and TradFi. * B2C2 hires ex-Goldman Sachs pro for EMEA sales. * State Street seeks digital assets-focused execs. * State Street job postings indicate focus on blockchain tech. Summary
binance
* Binance celebrates 200 million global users, aiming for 1 billion. * Self-reported figures show rapid user growth, from 130M in 2022 to 200M in 2024. * Binance on track to reach 300 million users by 2026. * Accounts for 36% of global cryptocurrency user base. * Reached $100 billion in user assets under
ethereum
* Ethereum daily active users grew from 250,000 in Q1 2020 to 2.25 million in Q1 2024. * Layer-2 networks like Optimism and Base contribute to Ethereum's scaling. * VanEck predicts Ethereum to reach $22,000 by 2030 due to high revenue per user. * Taiko network spends $900,
acquisition
* Robinhood to acquire Bitstamp for $200 million in cash. * Deal expected to close in first half of 2025. - * Bitstamp brings institutional and retail customers to Robinhood. * Acquisition aims to expand Robinhood's global reach in crypto. * Robinhood faces SEC scrutiny but sees crypto as growth driver. * Kraken considers pre-