bullish
* Bitcoin likely to be the only crypto asset approved for spot ETFs in the US. * MicroStrategy founder Michael Saylor shifts stance on crypto post Ethereum ETF approval. * MicroStrategy buys more Bitcoin, pushing total stash to $13.5 billion. * Bitwise CIO Matt Hougan sees bullish prospects for crypto industry in Washington.
crypto
* Over $3 billion worth of Ether removed from exchanges post approval of Ether ETFs. * 797,000 Ether withdrawn from exchanges between May 23 and June 2. * Lower exchange reserves indicate potential upcoming supply squeeze. * Percentage of circulating Ether on exchanges at lowest level in years (10.6%). * Ether ETFs expected
crypto
* 2,738 crypto mining units seized in Paraguay for power theft. * ANDE used AI to detect illegal operation worth $146,000/month. * Bill in Paraguay's senate to ban crypto mining due to power theft. * Paraguay lacks legal base for crypto operations despite abundant power supply. * Previous attempts to
alliance
* Starfox introduced to Gunnar Lovelace by girlfriend, part of UNFK art/protest project. * Dustin Lee promotes Web3 marketplace DeStore at Consensus, uses NFT-focused RMRK protocol. * Clemente Varas and Easy Eats create crypto content for Bodoggos Entertainment, making crypto fun. * Generative Goods creates unique physical items with digital counterparts, aiming to
crypto
* SEC's Hester Peirce proposed US-UK digital securities sandbox for crypto firms. * Firms can test technologies like DLT under regulatory oversight for two years. * Peirce aims to allow innovation without immediate full compliance with regulations. * Proposed micro-innovation sandbox would have monetary ceilings and anti-fraud provisions. * Firms could seek no-action
crypto
* Novogratz identifies as a "radical centrist" in politics, supporting both Democrats and Republicans. * Crypto has become a bipartisan issue, influencing recent legislative and regulatory advancements. * Political landscape shifting towards positive regulation and consumer protections for crypto. * Increased campaign funding for crypto-focused Super PACs influencing elections. * Expectations of traditional
blast
Fantasy Top, a fantasy football-esque Ethereum NFT game, has gained significant attention since its launch on the Blast network. The game allows players to create lineups of Twitter influencers and earn rewards based on their social engagement. In just one week, Fantasy Top has become the fifth most profitable crypto
biden
A battle is brewing between the crypto industry and the Biden administration over a non-binding resolution passed in the U.S. House. The resolution demanded that the Securities and Exchange Commission (SEC) retract a staff bulletin on digital asset custody accounting, with the aim of promoting innovation in the digital
assets
Troy Paredes, a former commissioner at the SEC, believes that the regulator may be overstepping its boundaries when it comes to classifying digital assets as securities. Speaking at a conference, Paredes stated that the SEC has taken a broad view of what constitutes a security under the Howey test. He
bankruptcy
Former pro footballer Tom Brady was roasted by comedians and former teammates during a Netflix-streamed event. One of the most viral moments was when comedian Kevin Hart joked about Brady's role in promoting the bankrupt crypto exchange FTX. Hart quipped about why the event wasn't held
crypto
Revolut, a global fintech company and neobank, has launched a new crypto trading platform called Revolut X. The platform aims to compete with major cryptocurrency exchanges by offering easy access and minimal fees. It allows users to convert fiat currencies to crypto and vice versa, with fixed fees of 0%
approval
Crypto wallet developer Exodus Movement has received approval to list its common stock, with ticker EXOD, on the NYSE American. Trading will begin on May 9. The move is expected to increase the company's presence within the investor community and enhance liquidity. Previously listed on the OTCQX market,