Two NFT artists have filed a lawsuit against the U.S. Securities and Exchange Commission, seeking the court’s answer to whether non-fungible tokens fall under the agency’s jurisdiction.The lawsuit was filed by law professor Brian Frye and “Song a Day Mann” songwriter Jonathan Mann. complain The lawsuit was filed Monday in the U.S. District Court for the Eastern District of Louisiana against the SEC and its five commissioners.Frye and Mann’s attorneys accused the SEC of “engaging in a campaign to assert jurisdiction over digital art sales,” citing two recent cases where the agency has focused on NFTs. Both are working on…
Author: Crypto Flexs
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Main Content Compound DAO approved Proposal 289, granting 499,000 COMP tokens to a single user. This proposal raises concerns about the potential for Compound’s governance to be controlled by a single entity. Share this article Composite governance approved Proposal 289 It consists of creating a revenue vault by providing 499,000 COMP tokens to a user named Humpy on July 28th. At the price on the day of approval, this is worth over $25 million. However, users in the community have highlighted this proposal as an attack on Compound’s governance, which could lead to it being held hostage by this whale.Humpy…
The number of PEPE long-term holders has increased. For PEPE to target $0.000017, it must first break above $0.000014. Pepe Bulls beat bears last week as memecoin prices surged. But things have gotten even better over the past 24 hours as bullish momentum has grown. Meanwhile, recent analysis has revealed a bullish pattern on the Mimecoin price chart, which could see PEPE reach new all-time highs soon. PEPE bull is here According to CoinMarketCapLast week, Mimecoin’s value rose by 2%, but in the last 24 hours alone, the price of Mimecoin has risen by around 5%. At the time of…
Rebecca Moen July 30, 2024 01:26 The Sui community, led by Suiet and the Sui Foundation, has launched Sui Guardians to prevent fraud and enhance user security. The Sui community has taken proactive steps to strengthen security and protect users by launching the Sui Guardians initiative. According to The Sui Blog, the new program aims to combat fraud and phishing attacks within the Sui ecosystem. Sui Guardians to the Rescue The Sui Foundation has highlighted the important contributions of the Sui community, particularly on the platform Suiet, in developing and maintaining Sui Guardians. This…
According to analysts, the Bitcoin (BTC) market has reached an “inflection point” following the historic Bitcoin 2024 conference, where BTC futures open interest went out of range.“We have finally broken out of this range,” independent analyst Hoss declared, referring to Bitcoin futures open interest.Open Interest (OI) refers to the total number of BTC-related derivatives contracts currently open across all exchanges.A rise in this indicator suggests that investors are opening new positions in the derivatives market. Typically, the total leverage of the market increases as new contracts are created, so an increase in OI can lead to higher volatility in the…
The popular meme coin Dogwifhat (WIF) has been in the spotlight recently for its market performance. It lost about 5% in value last week, but has maintained a 22% gain in the past month. Dogwifhat currently has a market share of 0.10% and a market cap of $2.47 billion, and is valued at $2.50. References Bullish indicators start to appear Crypto analyst Crypto Scient’s recent comments on the potential price trajectory of WIF are somewhat bullish. Dogwifhat has shown a noticeable positive signal in the market structure, the analyst argues. By establishing it as a new support zone, the coin…
Solana’s SOL (SOL) coin price is expected to end July with a 30% monthly return and is likely to challenge its yearly high of $210 in the coming weeks.SOL/USD daily chart. Source: Trading ViewWhile most of the community attributes SOL’s success to Solana’s memecoin frenzy, the network’s robust liquid staking ecosystem is emerging as a compelling on-chain narrative. Let’s take a look at how this current trend is developing on the Solana network.Liquid Staking Tokens Are Leading Solana DeFiCointelegraph recently highlighted that Solana’s total value locked (TVL) has increased by 10% to $5.42 billion, resulting in increased trading volume and…
Stablecoin • July 29, 2024 5:17 PM EDT Posted 1 minute earlier In ~ PayPal located in Solana korean: +0.15% The stablecoin was launched a few months ago and its token supply already appears to be bridging the gap with the PYUSD token on the Ethereum network.According to the Dune analytics dashboard cited by the Solana Foundation, the Solana-based PYUSD stablecoin currently has a supply of approximately $240 million since its launch in May. According to The Block Data Dashboard, the Ethereum-based PYUSD token has a supply of approximately $348 million.PYUSD on Ethereum was launched about a year ago.“This rapid…
Jessie A Ellis 26 Jul 2024 03:57 OpenAI has launched SearchGPT, a new AI search prototype that provides fast, accurate answers with clear and relevant sources. OpenAI has unveiled SearchGPT, a prototype designed to enhance AI-based search capabilities. According to OpenAI, the new feature aims to provide users with fast, accurate answers, along with clear and relevant sources. Key features of SearchGPT SearchGPT streamlines the search process by incorporating advanced AI algorithms. It is designed to provide quick responses that are not only timely but also backed by reliable sources. This allows users to…
Musk comments on the surge in deepfake scams. Deepfake videos using Musk’s likeness are scamming investors. Musk has been investing in Dogecoin for years. As one of the most influential figures involved in cryptocurrencies, investors often jump on anything Elon Musk says. The problem is that sometimes what they see isn’t really Musk. In a recent interview, Musk addressed the growing problem of deepfake scams using his image to promote various cryptocurrency projects. The comments come after Musk has been promoting his favorite cryptocurrency, Dogecoin, for years. Musk Comments on AI Deepfakes of Himself AI deepfakes are becoming a bigger…