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Grayscale's leading crypto investment lawyer, Donald Verrilli, has argued that leveraged cryptocurrency ETFs are "an investment product even riskier". Grayscale Lawyer Criticizes SEC Over Leveraged Bitcoin ETF Grayscale's top crypto investment firm lawyer has criticized the U.S. Securities and Exchange Commission (SEC) for
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The price of GBTC stock is recovering significantly, benefiting from news of BlackRock's Bitcoin ETF filing, helping to narrow the gap between stock price and BTC to its lowest since May 2022. Grayscale's GBTC Stock Narrows Spread with Bitcoin to Lowest Since May 2022 According to
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A total of $117 million worth of funds has been detected moving out of Multichain to a suspicious wallet, following a withdrawal of $130 million on July 7. Multichain Continues to Witness Unusual Outflow of Funds Over the past 12 hours, the cross-chain project Multichain has observed a significant outflow
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Algofi, the leading DeFi project on Algorand, which accounts for 55% of the total value locked (TVL) on the network, has announced its closure due to declining activity. Algofi Ceases Operations According to an announcement posted on 10/07, Algofi, the largest DeFi protocol on the layer-1 blockchain Algorand, declared
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Blockchain infrastructure development company ConsenSys is set to launch the alpha version of its layer-2 solution, Linea, on the Ethereum mainnet. Linea Layer-2 Mainnet Deployment Linea, a zkEVM layer-2 solution developed by ConsenSys—the team behind MetaMask—has now been deployed on Ethereum and is preparing to open for global
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This investment revelation marks a stark reversal from Robert F. Kennedy Jr.'s previous statement of not being a Bitcoin investor back in May. According to CNBC, Robert F. Kennedy Jr. now holds between $100,001 and $250,000 worth of Bitcoin as of the end of June this
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Binance platform is reported to be holding 90% of the total supply of TrueUSD following a substantial transfer activity amounting to approximately $2 billion to this centralized exchange (CEX). The current market capitalization of TrueUSD stands around $3 billion. Data from DefiLlama indicates that $2.7 billion is currently stored
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Uniswap Foundation has recently shared the latest details in its roadmap to launch the V4 version of its decentralized exchange (DEX). Launching Uniswap V4 Erin Koen, a representative of Uniswap Foundation, emphasized that the project aims to deploy V4 within this year. With the anticipated successful upgrade of Ethereum'
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Another DeFi project has chosen a "centralized" approach in its legal and operational structure. The latest name to take this route is Abracadabra, the developer behind the stablecoin MIM and the token SPELL. Abracadabra's Centralization Move In a forum post, the project has called on Abracadabra
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Decentralized exchange (DEX) PancakeSwap has officially integrated with the Polygon zkEVM blockchain, marking its fourth integration after BNB Chain, Ethereum, and Aptos. PancakeSwap Launches on Polygon zkEVM According to an announcement made on the evening of 29/06, PancakeSwap has been deployed on Polygon zkEVM. This integration is part of
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Decentralized exchange (DEX) dYdX has set the date for launching the public testnet for its Cosmos-based blockchain, the dYdX Chain, on July 6, 2023. According to the announcement, the decentralized exchange dYdX will launch its public testnet before midnight (00:00 AM) on July 6, 2023 (Vietnam time). We are
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According to the latest report from the Bank for International Settlements (BIS), products from decentralized finance (DeFi) protocols could potentially support the multi-trillion-dollar foreign exchange market in the future. Research units from BIS, Banque de France, the Monetary Authority of Singapore, and the Swiss National Bank are exploring how blockchain
