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Crypto Briefing - Bitcoin, Ethereum and the future of finance

  • Gala Games hit by $200 million in possible inside job

    Gala Games hit by $200 million in possible inside job

    A hacker exploited Gala Games' smart contract, minting 5 billion tokens worth $200 million, with part converted to Ethereum.

    Ecosystem

  • Chad Bitcoin punches above $70K

    Bitcoin punches above $70K, on brink of second breakout in months

    Bitcoin surpasses $70,000, reaching its highest level since April, driven by renewed market momentum and investor interest.

    Bitcoin

  • Ethereum ETF approval odds surge to 75%, ETH price jumps 8%

    Ethereum ETF approval odds surge to 75%, ETH price jumps 8%

    Analysts raise Ethereum ETF approval chances to 75%, sparking an 8% ETH price surge and a wave of short position liquidations.

    Ethereum

  • Token Terminal and Messari release research reports on TRON network for Q1 of 2024

    Token Terminal and Messari release research reports on TRON network for Q1 of 2024

    Gain insights into TRON’s advancements in Q1/2024 from Token Terminal and Messari, including growth in DeFi and stablecoin sectors.

  • Grayscale new CEO leadership transition

    Grayscale appoints Goldman Sachs exec as new CEO

    Grayscale names Goldman’s Peter Mintzberg as new CEO, replacing Michael Sonnenshein.

    Business

  • Genesis settles for $2 billion in New York AG crypto case

    Genesis settles for $2 billion in New York AG crypto case

    NY Attorney General Letitia James secures a $2 billion settlement with Genesis to repay investors and establish a Victims’ Fund.

    Regulation

  • Meme coin trading volume skyrocket despite market turbulence

    Meme coin trading volume skyrockets despite market turbulence

    Meme coins are outperforming in the market with robust trade volumes and returns, despite a general downturn in crypto assets in the past few days.

    Meme Coins

  • Bullish signal: nearly 28,000 BTC left centralized exchanges in 7 days

    Bullish signal: nearly 28,000 BTC left centralized exchanges in 7 days

    Investors withdrew 27,975.21 BTC from exchanges, signaling confidence in Bitcoin's future as market recovery prompts bullish behavior.

    Bitcoin

  • Ethereum funds face $23 million in outflows amid ETF uncertainty

    Ethereum funds face $23 million in outflows amid ETF uncertainty

    Ethereum funds record $23M in outflows as investor sentiment shifts with US ETF approval looking increasingly uncertain.

    Markets

  • Polimec Brings Decentralized Fundraising to Polkadot

    Polimec Brings Decentralized Fundraising to Polkadot

    Zug, Switzerland, May 20th, 2024, Chainwire Decentralized funding protocol Polimec has launched with the goal of kickstarting a new era of community-funded Polkadot projects.

    Press Release

  • Binance Researchers in a laboratory, studying market trends.

    Binance Research estimates token unlocks to reach $155 billion by 2030

    The trend of launching crypto tokens with low floats and high fully diluted valuations (FDVs) poses significant challenges for sustainable growth, driven by VC funding and upbeat market sentiment.

    Markets

  • Golden gavel symbolizing Genesis payout.

    Genesis wins court nod to return $3 billion to creditors

    Court approves Genesis Global's plan to distribute $3 billion to creditors, rejecting Digital Currency Group's objections.

    Regulation

  • Fund managers predict SEC rejection of Ethereum ETFs next week

    Fund managers predict SEC rejection of Ethereum ETFs next week

    The SEC is set to decide on Van Eck's Ethereum ETF by May 23, with market expectations leaning towards rejection amid regulatory uncertainty.

    Ethereum

  • Crypto Pioneer Netki Powers Seamless KYC and Compliance Solutions Across the Sui Ecosystem

    Crypto Pioneer Netki Powers Seamless KYC and Compliance Solutions Across the Sui Ecosystem

    Grand Cayman, Cayman Islands, May 16th, 2024, Chainwire With the launch of Netki’s DeFi Sentinel on Sui, protocol developers can opt to screen transactions before finalization on the blockchain, easing a significant compliance burden Today, Netki, a digital identity verification leader, announced the launch of their pioneering compliance oracle – DeFi Sentinel – on Sui,

    Press Release

  • Golden RoaringKitty symbolizing market impact.

    Meme coin supercycle or liquidity crisis? Expert discusses RoaringKitty’s return

    Keith Gill's return as RoaringKitty leads to a GameStop stock jump and potential meme coin supercycle, with crypto market liquidity remaining strong.

    Meme Coins

  • Base records 212% increase in perpetual trading volumes

    Base records 212% increase in perpetual trading volumes

    Base blockchain's trading volumes soar with JOJO DEX, capturing a significant share and showcasing user engagement in the ecosystem.

    Ecosystem

  • Move-based blockchains growth relies on EVM compatibility: Movement Labs co-founder

    Move-based blockchains growth relies on EVM compatibility: Movement Labs co-founder

    EVM compatibility is driving the rapid growth of Move-based blockchains like Sui and Aptos, as explained by Movement Labs' co-founder.

    Ecosystem

  • MakerDAO stablecoins NewStable and PureDAI floating above blockchain network.

    MakerDAO founder introduces new stablecoins: NewStable and PureDAI

    MakerDAO founder Rune Christensen unveils NewStable and PureDAI to replace DAI, which has a $5.4 billion market cap.

    DeFi