Author: Alyz Garsia

Stephen Richardson, Managing Director of Financial Markets & Head of APAC at Fireblocks, predicts that the Ethereum ETF can only grab 10-20% of the funds inflow that Bitcoin ETF did on the first day of its launch. Bloomberg analysts also said that Ethereum ETF cannot beat the first-day funds inflow of Bitcoin ETF. Fireblocks executives warn traders because Ether’s uses are harder to value. On Jan 11, spot Bitcoin ETF traded for the first day and gained a massive inflow of $655.2 million, far above the industry’s expectations. While Bitcoin has a reliable store of value, it’s harder to measure…

The BONK price recently dropped, which made investors less confident. This drop is shown in the Open Interest (OI) for the asset. OI went down from $24 million to $16 million, but it’s now at $17.27 million after a slight recovery. Even though long contracts are favored by a positive funding rate, the big drop in OI indicates that investors might be feeling bearish. If this lack of confidence continues, it could lead to more price drops. At the time of writing, BONK price is at $0.00003347. Technical indicators suggest there are certain levels where the price might find strong…

The SEC is trying to protect the economy, but Roger Bayston observes a change in their attitude. Franklin Templeton’s head of digital assets, Roger Byaston, says that financial innovators are being patient with the SEC and that fair. At the Consensus event, Byatson said to Cointelegraph’s Turner Wright: “The SEC, like a lot of regulatory bodies, likes to rely on legal precedents. […] Those precedents are being set in courts of law oftentimes, so this is just the process we’re engaged in.” Bayston believes that the agency is protecting the economy, and their attitude is not tolerable despite common doubts…

Rep. Patrick McHenry states that the U.S. supports the crypto-regulating FIT21 bill and wants the Senate to pass that bill. Rep. Patric McHenry, a US Republican lawmaker, exerts pressure on the Senate to pass the crypto regulating bill before November’s presidential election. Finally, on May 22, the Financial Innovation and Technology for the 21st Century Act (FIT21) got approval from the Senate with the support of 208 Republicans and 71 Democrats. “This should be a wake-up call for the Senate that they need to get on with this,” Bloomberg’s balance of power was being informed by the House Financial Services…

The new staking API at P2P.org allows users to stake Ethereum and then restake it on EigenLayer directly through their platform. An Ethereum blockchain validator platform, P2P.org, announced the launch of a new restaking API on May 27. This will increase rewards on decentralized platforms like Eigenlayer. P2P.org, an Ethereum blockchain validator that offers noncustodial staking tools, is improving staking rewards with new API integration. “Intermediaries are continually seeking ways to add value for their clients and differentiate their services in a crowded market,” P2P.org CEO Alex Esin said. “With our new Restaking API, we are providing a powerful tool…

Decentralized blockchain and AI networks are a new trend, and they are also a growing trend in smart contract enhancement. According to EUBOF, emerging DeFi protocols are also receiving more attention. It has been suggested that the European Union (EU) prepare for the combination of blockchain technology with artificial intelligence (AI). The European Commission launched the European Blockchain Observatory and Forum (EUBOF). EUBOF tracked and examined blockchain advancements throughout Europe. On May 24, they released a conclusion report. The author of the study is the Directorate-General for Communications Networks, Content and Technology. It emphasized how well blockchain can work with…

Based on a state appeals court’s ruling on Wednesday Florida regulators behaved inappropriately by blocking Binance. As a result of this ruling Binance can now carry on with operations in Florida. The First District Court of Appeals rendered a unanimous ruling on May 22. They overturned the Florida financial regulator’s emergency suspension order. The court determined that the regulators’ attempt to defend prohibiting Binance from conducting business was insufficient. At press time, Binance.US has not responded to Cryptonews’ request for comment. Florida Halts Binance.US over AML Concerns Florida launched legal action against Bnance.US in November, issuing an emergency directive. Following…

On Wednesday this week, while talking about Crypto X, Brian Kelly suggested during his debate that after Bitcoin and Ethereum, SOL can be the next to get a spot Exchange Traded Funds in the United States. On May 22, during a CNBC talk show on fast money, Kelly concluded his prediction about Solana. This happened just a day before when the SEC was about to decide on spot Ethereum Exchange Traded Funds (ETFs). “The trade now is, who’s next,” Kelly stated, who is also a founder of BKCM Digital Asset Fund. You’ve got to think about Solana as probably the…

Farcaster, a blockchain-based social media platform, made a price surge of 17% in the Degen token by raising $150 million and injecting it into its community token. Venture firm Paradigm led the Series A round, with Andreessen Horowitz, Haun, USV, Variant, and Standard Crypto also participating.  “support our work on Farcaster for many years.” said Dan Romero, founder of Farcaster, in a social media post on May 21. A Coinbase executive, Romero, first predicted the fundraising of Warpcast, but he did not share any details at that time. A report shared by Bloomberg in March stated that the funding round…

The Office of the Privacy Commissioner for Personal Data (PCPD) of Hong Kong suspended Worldcoin‘s operations. The Hong Kong authorities alleged that Worldcoin kept face and iris images for up to 10 years just for AI model training was not justified. Hong Kong‘s PCPD conducts its research and finds out that the Worldcoin operations in the country are violating the Personal Data (Privacy) Ordinance (PDPO). The Privacy Commissioner Ada Chung Lai-ling released a notice on May 22, to stop Worldcoin‘s all operations in the country. He finds out that Worldcoin is collecting iris and facial images of the public using…