The Hong Kong Securities and Futures Commission (SFC) has reminded cryptocurrency trading platforms that they will need to obtain a license to operate in Hong Kong before the end of the grace period on June 1. Regulators enforce compliance, saying it is a criminal offense to operate without a license. Investors are advised to only trade (…)
Author: Crypto Flexs
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Gemini Earn users will receive three times the value of their assets locked in loan products following the FTX and Genesis fiasco. On Wednesday, cryptocurrency exchange Gemini announced plans to repay $2.18 billion worth of cryptocurrencies to creditors. In-kind redemptions represent a 232% recovery for Earn users who were previously insolvent. Genesis, a subsidiary of Gemini’s lending partner Digital Currency Group (DCG), was caught up in FTX’s 2022 collapse. The turbulence effectively blocked withdrawals of more than $940 million residing on Earn products used by more than 230,000 users. Gemini co-founders Cameron and Tyler Winklevoss have accused Genesis, DCG and…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportFinancial giant BlackRock late Wednesday amended its filing with the SEC for its proposed spot Ethereum exchange-traded fund (ETF). iShares Ethereum Trust’s May 29 update is the first visible sign toward the market availability of an ETH-backed ETF following last week’s bombshell approval of a new financial instrument.“This is almost certainly the participation we were looking for,” Bloomberg ETF analyst James Seyffart said on Twitter. “The issuer and SEC are…
Posted 1 minute ago In ~ BlackRock has filed an amended registration statement for its proposed Ethereum fund, marking the company’s latest move to list and trade the product. The world’s largest asset manager submitted a revised S-1. registration statement Almost a week after the U.S. Securities and Exchange Commission announced Approved 19b-4 is the format for eight Ethereum ETFs, including the iShares Ethereum Trust proposed by BlackRock. Issuers must ensure that the S-1 Statement is effective before commencing trading. In the revised form, BlackRock disclosed information about its seed capital investors. “On May 21, 2024, Seed Capital Investor, an…
The new Iggy Azalea memecoin, Mother Iggy (MOTHER), saw “huge insider activity,” with one insider selling about 10% of the coin’s total supply on May 29, according to blockchain analytics platform Bubblemaps. Insiders who own accounts starting with ‘JEET’ are known to have purchased over 109 million coins through over-the-counter transactions, most of which were later dumped on the market. According to Solscan data, JEET received MOTHER 127.5 million from its distributor accounts. They then sent these funds to several other wallets, with at least one of the wallets selling 20 million MOTHER to the Raydium liquidity pool through multiple…
The Bobby Politifi Meme token, which trades on Uniswap under the name BOBBY, had a high-profile relaunch at Consensus 2024 this morning. The event, currently being held in Austin, Texas, marked a new phase for the token, which has matured from a simple meme coin into an influential movement supporting Robert F. Kennedy Jr.’s vision for the future of cryptocurrency. A relaunch event on May 29 showcased the token’s conversion and broader mission. “$Bobby is more than just a token. “It is a movement that reflects the ideals of independence against a captured, secretive and centralized government,” the press release…
The Sui Basecamp 2024 event held in April gave attendees a glimpse into the future of digital asset engagement by introducing Nami Bags, a promotional digital giveaway designed to showcase the potential of Sui technology. According to The Sui Blog, these digital gift bags filled with NFTs and coupons were a hit with attendees and demonstrated how blockchain technology can improve audience engagement at live events. Nami Baek: A hit at Sui Base Camp Each attendee at Sui Basecamp received a Nami Bag by creating a new wallet via zkLogin or linking an existing wallet…
Stablecoin market capitalization has reached its highest level since April 2022, following eight consecutive months of growth, according to a new report from CCData.The cryptocurrency analysis platform reported on May 29 that the stablecoin market capitalization reached $161 billion, up 0.63% from the beginning of the month. However, stablecoin market dominance fell slightly from 7% in March to 6.07%.“This decline highlights the recovery in prices of leading crypto assets and reflects improved market sentiment following the unexpected approval of a spot Ethereum ETF in the United States.”Stablecoin and CBDC monthly performance. Source: CCDataAmong the top 10 stablecoins, Athena USDe’s market…
Share this article The Wall Street Journal (WSJ) reported that Donald Trump is considering Elon Musk as a policy advisor if he wins the U.S. presidential election this year. This means Musk can be an advisor on economic and border security issues, as the tech giant has the potential to exert “official voice and influence” in these areas.According to the Journal, Musk has been actively participating in an influencer campaign to dissuade prominent American business leaders from supporting incumbent Democratic President Joe Biden.In particular, Musk and Trump are two figures who are at odds when it comes to cryptocurrency, but…
“The fact that $58 billion has flowed into ETFs is a strong signal that the market is looking for regulation of traditional structures,” Martin said. “So, I hope the U.S. Securities and Exchange Commission (SEC) will look at the inflows and say, ‘This makes sense,’ given that Bitcoin ETFs have been incredibly successful.”