Top crypto firms in the US are reportedly sending delegations to the Republican National Convention in Milwaukee this week. Politico reports that officials from Coinbase, Ripple and the venture capital giant Andreessen Horowitz plan to attend the event to promote a pro-crypto legislative and regulatory agenda. The same companies also reportedly plan to send representatives …
Monthly archives: July 2024
Bitcoin’s rally rekindles the derivatives market
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Grayscale launches decentralized AI fund amid AI crypto market growth
Crypto asset manager Grayscale is launching a new fund centered on decentralized artificial intelligence projects, according to a July 17 statement. The Grayscale Decentralized AI Fund LLC fund aims to give investors access to the growing AI sector within the crypto ecosystem. The fund will rebalance quarterly and include various AI crypto protocols, including Bittensor, …
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Hong Kong eyes stablecoin licensing regime to bolster crypto stability
Hong Kong’s financial regulators said they have concluded a consultation period over a licensing program initiative for fiat-referenced stablecoin (FRS) providers. The consultation, which ended in February, received 108 submissions from various stakeholders, including market participants, industry associations, and professional organizations. The Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) announced this …
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Binance executive Gambaryan faces 8 months in Nigeria custody with latest trial delay
Binance executive Tigran Gambaryan will remain detained in Nigeria until at least October, as the Federal High Court has adjourned his money laundering trial. On July 16, Justice Emeka Nwite postponed the trial to Oct. 11 because a court-ordered medical report for Gambaryan was missing. This latest delay means Gambaryan will have been in Nigerian …
Staking and in-kind redemptions for crypto ETFs can be reconsidered says SEC Commissioner
SEC Commissioner Hester Peirce’s recent comments to Coinage Media have reignited discussions about the potential inclusion of staking and in-kind creation/redemption features in crypto ETFs. Peirce emphasized that these elements, which were excluded from initial ETF offerings, could be revisited in the future. Peirce stated, “I think certainly something like staking or any feature of …
Bitwise predicts Ethereum ETFs will trigger 50% surge to new all-time high over $5k
Bitwise CIO Matt Hougan predicts that the upcoming spot Ethereum ETFs will drive the digital asset’s value to new all-time highs, surpassing $5,000. In a June 16 note to investors, Hougan wrote: “By year-end, I’m confident the new highs will be in. And if flows are stronger than many market commentators expect, the price could …
Short-term holders recover gains as 87% of Bitcoin’s supply now in profit
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Plonky3, the Polygon Zero-Knowledge Proving System, Is Production Ready
Polygon Labs has announced that its next-generation zero-knowledge (ZK) proving system, Polygon Plonky3, is now production-ready. This open-source system, licensed under MIT/Apache, empowers developers to build bespoke proving systems for ZKVM or ZK EVM chains, tailored to various use cases. Unlike its predecessor, Plonky2, which was optimized for hardware and recursion, Plonky3 offers greater flexibility …
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OTC Crypto Spot Transaction Volume Surges 95% in H1 2024, Driven by Institutional Interest
The over-the-counter (OTC) institutional cryptocurrency market saw a dramatic increase in spot transaction volume in the first half of 2024. A recent report by Finery Markets reveals a 95% year-over-year growth, highlighting a significant rise in institutional engagement. Institutional Interest Drives Massive Growth in Crypto’s Over-the-Counter Industry The Finery Markets team analyzed data from two …
Worldcoin Pumps 40% in a Day – Is $5 Incoming?
Worldcoin (WLD) is on a tear, with the coin’s price shooting up over 40% in the past day. This comes after the development team announced they’re locking up investors’ and team members’ coins for much longer than planned. Now, the big question on everyone’s mind is: Can WLD continue rising to the $5 level? Worldcoin …
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Ethereum’s Year-End Price Forecasted by 9 Distinct AI Chatbots: $3,800 to $6,000
During the past year, our newsdesk has explored using generative artificial intelligence (AI) chatbots to predict bitcoin prices and further extended this approach to forecasting the price of an ounce of fine gold. As part of this experiment, this week we used ethereum (ETH), the second largest cryptocurrency by market capitalization, to query several AI …
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Financial Expert’s Contrarian View: Lower Oil Prices, Weaker US Dollar Under Trump
Michael Kao, a financial analyst and commentator renowned for his accurate predictions on oil and the U.S. dollar, offers a contrarian perspective on former President Donald Trump’s potential impact on these markets. Kao argues that Trump’s policies will be deflationary for oil and subsequently weaken the U.S. dollar. Market Analyst Michael Kao Predicts Trump’s Influence …
Issuance of TRON-Based USDT Exceeds $60 Billion
In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single stablecoin valued at more than $60 billion. This development underscores the growing influence and adoption …
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HTX Unveils June Performance Report: Achievements Across Diverse Sectors, Highlighting a Forward-Thinking Approach
PRESS RELEASE. Recently, HTX released their June performance report, sharing their key achievements and milestones with users. June was a month of breakthroughs and harvests. The report updates both new and existing users on HTX’s significant progress across various fronts, including operational data, ranking by external institutions, new asset listings, updates from HTX Ventures (the …