Author: Crypto News

Last updated: May 8, 2024 00:51 EDT | 1 min read The world’s largest cryptocurrency asset manager Grayscale Investments withdrew its application for an Ether futures exchange-traded fund (ETF) just three weeks before the US Securities and Exchange Commission (SEC) was set to rule on several spot ETH ETFs.The notice of withdrawal for the Grayscale Ethereum Futures Trust was filed on May 7th, leaving analysts scrambling to understand the sudden shift. The application, filed in September 2023, proposed an ETF that would track Ether futures contracts on the Chicago Mercantile Exchange (CME). If approved, it would have been listed on…

Last updated: May 8, 2024 00:43 EDT | 2 min read A new reorganization plan filed Tuesday night proposes that nearly all FTX account holders will be repaid in full for their claims. They may even receive additional cash on top of that amount.This unexpected windfall is possible because FTX said it recovered billions more dollars than initially anticipated to cover customer losses from its Nov. 2022 collapse.FTX revealed it amassed roughly $15b, primarily from selling venture capital investments made by the exchange and its affiliate Alameda Research. This amount is enough to fully repay nearly all creditors with claims…

Last updated: May 7, 2024 23:36 EDT | 1 min read Crypto market maker Wintermute is providing liquidity and supporting the newly launched Hong Kong spot Bitcoin and Ethereum exchange-traded funds (ETFs).In an announcement shared with CryptoNews, London-based Wintermute said it is providing liquidity to two Hong Kong licensed digital asset platforms; OSL Digital Securities and HashKey HK Exchange. Wintermute said both OSL Digital Securities and HashKey will be acting as sub-custodians and virtual asset trading platforms helping with the launch and operation of the Hong Kong-listed ETFs.“ETFs play a key role in bringing the next wave of investors into the…

Last updated: May 7, 2024 23:00 EDT | 1 min read Four suspected South Korean OTC crypto “thieves” have pleaded guilty to stealing around $735,000 from a crypto buyer in a “bogus” USDT deal.Five men appeared at the Incheon District Court on May 7, all accused of crypto-related theft and fraud, Maeil Kyungjae and Kyeonggi Ilbo reported.One suspect pleaded not guilty. But lawyers for the remaining four accepted the prosecution’s charges.South Korean OTC Crypto ‘Thieves’ Trial BeginsThe alleged incident took place in the Songnim District of Eastern Incheon at around 4 pm on February 19 this year.Prosecutors think one of…

Last updated: May 7, 2024 20:55 EDT | 1 min read The Starknet Foundation announced on May 7 a new $5 million seed grant program to support emerging projects on the network, boosting blockchain innovation.The new Seed Grants Programme will support at least 200 promising teams with $25,000 in USD Coin to give the “final push” to help projects launch on Starknet.The Starknet Grant DetailsAccording to a Starknet Foundation report, the grant targets Starknet-related projects that have already developed a minimum viable product (MVP) or proof-of-concept.  Introducing the Starknet Seed Grant Program! 🌱 The Seed Grant Program is a new…

Last updated: May 7, 2024 20:38 EDT | 4 min read Traders turn to tools such as DEXScreener as they hunt for top crypto gainers today in the on-chain markets / Source: Cryptonews On a mostly bearish day in the cryptocurrency market on Tuesday, Render (RNDR), Kaspa (KAS) and Tron (TRX) are top crypto gainers today and some of the only coins trading in the green over the past 24 hours.Each of these altcoins was last up between 1.5-5% in the past 24 hours.Bitcoin (BTC), meanwhile, dropped 1.2% on Tuesday to the low $62,000s, after finding resistance once again at…

Last updated: May 7, 2024 19:07 EDT | 2 min read The Solana (SOL) price is pulling lower on Tuesday, dipping back to $150 having pushed nearly as high as $160 earlier in the day, though traders continue to predict big near-term upside for the token.Solana succumbed to sell pressure on Tuesday after challenging the $160-163 support-turned-resistance zone, where the 50DMA also resides.For now, the Solana price remains locked within a $120-160 range. Source: TradingViewSOL is still up more than 25% versus last week’s lows. Last week’s weaker-than-expected US jobs data helped boost sentiment on rising confidence for Fed rate…

Last updated: May 7, 2024 18:02 EDT | 2 min read The German state-owned bank Kreditanstalt für Wiederaufbau (KfW) announced on May 6 that it will launch its first blockchain-based digital bonds. The move signifies a major step towards adopting blockchain technology within traditional financial institutions in Germany.The KfW bank official press release stated that the forthcoming blockchain-based digital bond would be issued as crypto security, adhering to the German Electronic Securities Act (eWpG).A blockchain-based digital bond is a type of security issued and managed using blockchain technology. The blockchain allows the bond’s details and ownership to be recorded securely…

Last updated: May 7, 2024 16:44 EDT | 2 min read One in five voters in key states believe that cryptocurrencies are a critical issue in the 2024 US elections amidst Donald Trump and Joe Biden’s race for the presidency, according to Digital Currency Group (DCG) Tuesday report.“Crypto Attitudes in Swing States” report, released in collaboration with global consulting firm The Harris Poll, revealed that digital assets could play a major role in this year’s elections.Crypto Is A Large Issue In Upcoming US Elections, Digital Currency Group SaysAccording to the data, an estimated 20% of all voters in swing states…

Last updated: May 7, 2024 16:29 EDT | 1 min read Crypto Experts Bulk Up on New Web3 Utility Coin – Next Big Bitcoin Challenger? / Source: Cryptonews Crypto experts are bulking up on what could be crypto’s best new web3 utility coin. ICO Mega Dice (DICE) is a passive income gem, a fast-growing crypto casino platform combining GambleFi and GameFi.Mega Dice is one of web3’s fastest-growing crypto casinos, with over 50,000 players and 10,000 monthly active users.Across three seasons, Mega Dice will airdrop $2.25 million worth of tokens.As users scramble to qualify for the airdrop, crypto investors are pouring…