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Bitcoin Miners Capitulating
Bitcoin bottom may be near as miner capitulation levels mirror those seen after FTX collapse in late 2022, according to CryptoQuant. The market is under pressure due to Mt. Gox creditor liquidations, with Bitcoin prices expected to rebound from August onwards. Historical data shows that July is typically a month of recovery for Bitcoin, with average gains of 7.42% in the month following a June decline. Is Bitcoin Nearing Its…
Consensys acquires Wallet Guard to enhance MetaMask security Entire Wallet Guard team joins Consensys within the MetaMask Product Safety Team Wallet Guard’s capabilities to be integrated to prevent hacks and scams before they occur Consensys’s commitment to safeguarding users against ever-evolving threats in the web3 ecosystem Consensys’s ongoing acquisitions consolidate its position in the web3 and blockchain industry Ethe…
The launch of Ethereum spot ETFs has been postponed until mid-July due to the SEC requesting resubmissions of key documents. Analysts had originally predicted that Ethereum ETFs would be approved by July 2, but the SEC’s decision has pushed the timeline back. The delay has sparked discussions about the potential impact on Ethereum’s market and investor sentiment. In a surprising turn of events, the highly anticipated launch of Et…
VanEck files for a Solana ETF, sparking an 8% increase in SOL’s price. Solana’s market capitalization stands at $69 billion, making it a significant player in the crypto space. The filing comes amid growing interest in crypto ETFs, following the approval of spot Bitcoin ETFs earlier this year. VanEck’s Bold Move: A Solana ETF In a significant move that has sent ripples through the crypto market, VanEck, a leading asset man…
SEC against Consensys
The SEC has sued Consensys, alleging that its MetaMask wallet and staking services are unregistered securities. The lawsuit claims that Consensys collected over $250 million in fees from these activities. The announcement led to significant drops in the value of Lido DAO (LDO) and Rocket Pool (RPL) tokens. Consensys plans to challenge the SEC’s regulatory overreach, emphasizing the case’s importance for the web3 industry. The o…
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