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Gate.io and OKX Withdraw Hong Kong License Applications Amid Regulatory Shifts
May 24, 2024
Two prominent global exchanges’ subsidiaries— Gate.io and OKX—have withdrawn their applications for an operational license in Hong Kong in the last two days. This decision is part of a broader …
Read morePolkadot Community Approves Continuous Funding for Ecosystem Innovators
May 24, 2024
The Polkadot community has unanimously approved the Optimistic Project Funding proposal, with backing from over 55 million DOT tokens. This initiative aims to attract top developers by providing continuous and …
Read moreSOL and XRP Emerging as Potential ETF Candidates, Says Standard Chartered
May 24, 2024
Standard Chartered posits that Solana (SOL) and Ripple’s XRP could be the next contenders for ETF approval, following the recent green light for Bitcoin and Ethereum ETFs in the U.S. …
Read moreBitcoin Volatility Prompts Massive Sell-Off Among Short-Term Holders
May 24, 2024
Market ImpactBitcoin experienced significant market fluctuations, causing short-term holders to offload their assets at a loss. On May 23, the digital currency's value dipped to around $66,300. This downturn was …
Read moreNigerian High Court Delays Binance Executive Trial Due to Health Concerns
May 24, 2024
A Nigerian High Court has postponed the money laundering trial involving Binance and its executive, Tigran Gambaryan, to June 20 because of Gambaryan's health issues. The Economic and Financial Crimes …
Read moreSEC Approves Ethereum ETFs Amid Market Volatility
May 24, 2024
The U.S. Securities and Exchange Commission (SEC) has given the green light to Ethereum exchange-traded funds (ETFs) via delegated authority, marking a landmark decision that could influence broader cryptocurrency adoption. …
Read moreIn Memoriam: Kabosu, The Original Doge Who Inspired Dogecoin, Passes Away
May 24, 2024
Kabosu, the Shiba Inu who inspired the creation of Dogecoin, has passed away. Kabosu's owner shared the news, reflecting on the impact the beloved dog had on the meme community. …
Read moreU.S. House Passes Bill Banning Federal Reserve From Issuing CBDC
May 24, 2024
The U.S. House of Representatives has approved a bill that aims to prevent the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). This legislation, which received divisive partisan …
Read moreSupreme Court Ruling on Coinbase's Dogecoin Sweepstakes Arbitration Dispute
May 24, 2024
The US Supreme Court denied Coinbase’s motion to compel arbitration related to its Dogecoin (DOGE) sweepstakes on May 23.The judge ruled that “a court, not an arbitrator,” must decide whether …
Read moreMarket Shake-Up: Bitcoin Drops and Ethereum Shows Resilience
May 23, 2024
Market UpdateThe financial markets witnessed a dramatic shift as the S&P; Global US Composite PMI Flash surged to 54.4 in May, according to Trading Economics. This uptick drove expectations for …
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