Pump.fun’s $1.9 million attacker claims exploit was about sending a message Daily Market Watch Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. So far this cycle, meme tokens have played an outsized role compared to previous cycles. They have not only provided some of the best returns, but have [...]
Raising the Stakes – The UK’s Incoming Rules for DeFi & Staking Regulation Update Over recent months Economic Secretary to the Treasury Bim Afolami has continued to champion the UK’s commitment to building staking regulation. But what is staking and why has it come to the forefront now?
Crypto’s fight for legitimacy reaches US president Daily Market Watch A bill to strike down the Securities and Exchange Commission's staff accounting bulletin "SAB 121" has become the first-ever crypto bill to reach the US President.
The story behind Bitcoin Pizza Day: celebrating a milestone in cryptocurrency history May 20, 2024 Bitcoin, the world's first decentralised cryptocurrency, has made headlines for its dramatic price swings and potential to revolutionise the financial world. However, not many are familiar with one of its most celebrated days: Bitcoin Pizza Day.
Futures exchange behemoth, CME Group, rumoured to be starting their own spot Bitcoin exchange May 17, 2024 When crypto natives think of spot exchanges, Binance, Coinbase and Uniswap are the main ones that come to mind. However, they may now have a major competitor entering the market. This player is a Wall Street-native, and also happens to be the largest futures exchange in the world.
Wisconsin’s Investment Board becomes first state pension fund to invest in Bitcoin spot ETFs May 16, 2024 During previous cycles, the anticipation of institutional involvement in crypto was a driving force for demand. “The institutions are coming" was a common claim on Crypto Twitter, often repeated after rumours of a large financial firm entering the market echoed through Telegram chats and Discord servers.
Crypto market sentiment declines as Bitcoin continues to consolidate May 14, 2024 It has been two months since Bitcoin’s latest all-time high. After rising over 370% in 16 months, Bitcoin is taking a well-deserved breather. Before this period of consolidation, discussions suggested that this cycle might be "left-truncated" and could end much earlier than previous ones. The idea particularly gained traction as Bitcoin surpassed its previous all-time highs before the halving. Now, it seems the excitement of the previous run has faded with market sentiment also declining.
Grayscale’s GBTC distorts the ETF picture March 26, 2024 One of the primary drivers of crypto’s appreciation are easing monetary conditions. Last cycle, Covid-19 fiscal and monetary policy measures kicked off the bull market. Lower interest rates, furlough and stimulus checks, meant individuals had more time, and money, on their hands. Many chose to delve into financial markets with their additional resources. This was a perfect storm for the crypto market - growing nearly 28 times within 20 months. Is the perfect storm this time not going to include a world-halting pandemic and simply be crypto ETF adoption?
E.T.? March 25, 2024 The surge of institutional interest in digital assets and blockchain technology over recent months shocked many after last year’s crypto meltdowns. But the U.S. Securities and Exchange Commission's (SEC) January approval of bitcoin exchange traded products (ETPs), the FCA’s recent update and approval of cryptoasset-backed Exchange Traded Notes (cETNs) for professional investors, BlackRock's bitcoin exchange traded fund (ETF) hitting the $10 billion mark faster than any other in history, and now their SEC filing last week for the USD Institutional Digital Liquidity Fund to invest in tokenised assets, all mark a milestone in the evolution and wider adoption of Web3 technology across financial services.
SEC probes if Ethereum is security as ‘final battle’ looms March 25, 2024 In reference to computer games, there is a concept of the 'final boss' in crypto folklore. For crypto, the 'final boss' is the government. The SEC's decision to issue subpoenas to crypto companies are an attempt by the agency to classify Ethereum as a security and therefore put it under its jurisdiction. SEC Head Gary Gensler may well see this as the final chance to keep the 'genie' of decentralised finance in the bottle by severely increasing the regulatory risk for crypto projects.