Polkadot’s treasury holds $245 million, projected to last for about two years at current spending rates.
The blockchain spent $87 million in the first six months of this year, with the majority allocated to marketing activities.
Concerns have been raised about the treasury’s financial stability and the need for stricter budgeting or adjustments to the currency’s inflation rate.
Polkadot’s Treasury Overview
Polkadot’s treasury…
A Nigerian man, known as Lucky, returned $14,000 worth of Solana cryptocurrency after it was mistakenly sent to him instead of the intended $100.
The crypto trader who sent the funds mistakenly asked Lucky to return $12,000 and keep $2,000 as a reward.
Lucky’s honesty and integrity were praised by the crypto community, and he received an additional $5,000 as a gesture of appreciation.
The incident highlights the importance of hone…
Keith Gill, known online as “Roaring Kitty,” has disclosed a 6.6% stake in Chewy, an online pet products retailer. This revelation was made in a Securities and Exchange Commission (SEC) filing. Gill purchased approximately 9 million shares of Chewy, which was valued at about $261 million based on the share price at the time of the filing. This purchase makes him the third-largest shareholder in the company.
https://twitter.com/unusual_whale…
In a significant victory for the web3 sector, a U.S. District Court judge has dismissed the SEC’s claims that secondary sales of Binance Coin (BNB) are securities. The ruling is seen as a critical win for the cryptocurrency industry, which has been grappling with regulatory uncertainty. This decision could set a precedent for how other cryptocurrencies are treated under U.S. securities laws.
The Ruling and Its Implications
Judge Lewis Kap…
Ether ETFs and the Ethereum Market: What to Expect
As we approach the end of June 2024, the cryptocurrency market is abuzz with anticipation. Ethereum (ETH), the world’s second-largest cryptocurrency, is set to make significant strides, particularly with the potential launch of Ether ETFs in the U.S.
The Impact of Spot Ether ETFs
The U.S. Securities and Exchange Commission (SEC) has approved the first Ether ETFs, marking a significant…
