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2024-05-10

Popular crypto exchanges(2023 Update) 2024-05-10
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Source: Getty ImagesEthereum (ETH) futures exchange-traded funds (ETFs) is likely to rollout next week, ahead of the potential US Government shutdown, Bloomberg analysts note.James Seyffart, Bloomberg intelligence analyst noted that the US Securities and Exchange Commission (SEC) would “let a bunch Ethereum futures ETFs go next week potentially.”Seyffart, along with fellow analyst Eric Balchunas reported that the Ethereum Futures ETFs have a 90% chance of launching in October 2023.“While spot remains in limbo, Ether futures ETFs highly likely (90% odds) to start rolling out in early Oct.”The analysts predicted that Valkyrie Bitcoin futures ETF (BTF) would become the “first to hold Ethereum exposure on October 3 after a strategy change.” This would be followed by other straight Ether futures ETF applicants, Balchunas added noting that it is “gonna be a wild race.”Further, they said that the first ETF to solely offer Ethereum futures would come from Volatility Shares. “Its application is expected to go effective on Oct. 11, allowing an Oct. 12 launch.”However, not all Ethereum futures ETFs that are proposed would be launched, they confirmed. Along with Valkyrie and Volatility Shares, 15 Ethereum ETF proposals have come from nine issuers.These include Ethereum ETF applications from firms including VanEck, ProShares, Grayscale, Bitwise, Direxion, and Roundhill.Likely Before the US Govt. ShutdownIn an update on Sept. 28, Balchunas wrote that the US SEC wanted to accelerate the launch of Ether futures ETFs, before the government shutdown.“They [SEC] want it off their plate before shutdown,” he noted, as once the shutdown kicks off, the majority of the SEC staff would become unavailable.The US government will shutdown at 12:01 a.m. ET on October 1, if Congress fails to pass 12 different spending bills to fund agencies across the government, a possibility that looks increasingly likely.Further, the analyst wrote that the regulator has asked various filers to update their documents by Friday afternoon, “so they can go effective Monday and trade Tuesday,” next week.Vitalik Deposits 400 ETH to Coinbase, Total 2421 ETH Sent to Multiple CEXs in 10 Days Is Cloud Mining Profitable? Crypto Exchange Liquidity & Solutions ProviderBankman-Fried never ended up winding down Alameda Research because it owed $14 billion to FTX, Wang testified. When Wang told Bankman-Fried that Alameda was borrowing too much to be shut down, Wang testified that Bankman-Fried simply replied, "Acknowledged." Bigger Than Pepe and Shiba Inu, Wall Street Memes Price Pumps 56%, Trading Volume Beats Other Top Meme Coins

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Regulation of crypto in the U.S., including multiple lawsuits brought by the Securities and Exchange Commission, is an attempt to ‘slow-roll or kill our industry,’ Lubin said. Image: Chip Somodevilla/Getty Images Wyatt reflects on the success of games he describes as “pay-to-win” in traditional gaming, such as Diablo Immortals and a variety of mobile card games. “Crypto attracts those categories, but I don’t like that. I don’t think that’s where the interest is best fit.” How to Mine Ethereum: Step By Step ProcessU.S. economy and stocks Chainlink accumulation appears to be occurring as long-term holders and institutional wallets have withdrawn many coins from the Binance exchange.

Zurich-based Web3 venture accelerator firm Blockraise will support Scotland-based project Scotcoin in its development. BeInCrypto recently reported that Judge Kaplan had requested Wang to speak more slowly during a testimony hearing last week. Order Book Explained - Coinbase Pro, Blockchain & Binance - YouTubeCrypto Fest 2023 Sparks Global Conversations on Blockchain and Cryptocurrency Image Source: PixabayCrypto billionaires have been hit hard by the Securities and Exchange Commission's crackdown on Binance and Coinbase, incurring huge losses so far this week.Binance CEO Changpeng Zhao, known as CZ, has seen his net worth shrink by $1.4 billion to $26 billion, while Coinbase CEO Brian Armstrong has seen his net worth drop by $361 million to $2.2 billion, according to the Bloomberg Billionaires Index. This marks a reversal in fortune for crypto’s wealthiest founders, who saw their combined net worth increase by $15.4 billion in 2023 from the comeback in the price of Bitcoin and other digital assets.Specifically, Zhao's fortune was up by a staggering 117% before this week’s decline, while Armstrong’s was up by 61%. By comparison, the other billionaires on Bloomberg’s wealth index were up a combined 9%.Bitcoin's partial comeback this year was largely due to the expectations that the decreasing inflation as well as the US banking crisis that erupted in March would lead the Federal Reserve to hit a pause on rate increases.That is because lower interest rates can stimulate economic growth and may lead investors to seek higher returns from riskier assets such as cryptocurrencies and stocks.However, this may not matter if US regulators make it harder for the industry to operate or make it difficult for Americans to trade.SEC Files Charges Against Both Binance and CoinbaseThe SEC has sued both Binance, the world's largest cryptocurrency exchange, and Coinbase, the largest US-based cryptocurrency, over the past two days. The commission filed 13 charges against Binance and its US affiliates, ranging from allegedly operating as an unregistered exchange to offering unregistered securities. The regulator also levied similar charges against Coinbase, claiming that it operated as an exchange, broker, or clearing agency without the required registrations. The lawsuit against Coinbase came after the SEC sent a “Wells notice” to the company in March, threatening the crypto exchange with legal actions regarding some of its listed digital assets, its staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. In response to the complaint, Senator Cynthia Lummis lashed out at the SEC, claiming the agency not only failed to provide a path for crypto exchanges to register but also failed to provide legal guidance on what constitutes a security. "The SEC's continued reliance on regulation by enforcement continues to harm consumers," she said, recommending that the agency instead create a "robust legal framework that exchanges can comply with."Meanwhile, in an interview with CNBC Squawk Box shortly after the agency announced charges against Coinbase, SEC Chair Gary Gensler said crypto firms need to be compliant with securities laws. "I think the crypto industry more broadly if it's gonna have any success going forward has to come into compliance with basic public policies about disclosure, about avoiding conflicts, about properly segregating customer funds, and guarding against fraud manipulation."Coinbase Receives Cease and Desist Notices from 11 US States

Bitcoin is the largest, longest-running, decentralized, and most secure digital currency of all time, but it is far from the first such attempt. We as a community would do well to remember that bitcoin stands on the shoulders of previous projects, spanning across decades of work. Satoshi built upon the technical underpinnings of said projects, their successes and failures, and each unique cultural ethos. A bond refers to the amount of money a sequencer must post on Ethereum in order to participate in network activities. If fraud is proven, the sequencer’s bond will be slashed and redistributed to verifiers. How to Earn Interest on Binance-Ultimate GuideBy May, BRC-20 tokens, mostly memecoins, that had been developed on Bitcoin exceeded a collective market value of $900 million. The next leg of DeFi users

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