The price of LDO jumped briefly after an updated spot Ether ETF application from Fidelity which proposed to stake “a portion” of the fund’s ETH to generate additional income.
Tom Mitchelhill
Tom Mitchelhill is a reporter covering crypto and fintech for Cointelegraph’s Asia-Pacific newsdesk. His beats include DeFi, policy, law, and exchanges. He was formerly the lead reporter at startup Web3 outlet The Chainsaw and was featured in The Age and The Sydney Morning Herald. His majors are in philosophy, economics and international relations from the University of Wollongong.
Fidelity amends spot Ethereum ETF proposal to include staking Memecoin presales hit ‘peak degeneracy’ with over $100M raised in 3 days Solana memecoin projects have raised more than $100 million by way of a controversial fundraising model known as “presales” in the last three days.
Solana activity flips Ethereum amid memecoin craze, even as txs fail Degens were piling into Solana-based memecoins such as Book of Meme and SNAP as the network struggled to keep up with the surge of activity.
Bitdeer is among the most ‘cost-effective’ Bitcoin miners — Benchmark Benchmark analyst Mark Palmer initiated coverage of Bitdeer on Thursday, giving the miner a buy rating and setting a price target of $13.
Coinbase fires back at senators asking SEC to halt crypto ETF approvals Coinbase chief legal officer Paul Grewal says there’s direct evidence that Ether’s futures and spot markets are just as correlated as Bitcoin, suggesting the senator’s letter is misguided.
Senators pressure SEC’s Gensler not to approve any more crypto ETFs Two Democratic senators argue that any further approvals would expose investors to risks including “fraud and manipulation.”
Dogwifhat hits record high following $700K Vegas Sphere fundraise Memecoin degens have raised over $700,000 to put an image of the viral Solana memecoin Dogwifhat on the Las Vegas Sphere.
Ethereum stans are putting the Bee Movie on blobs for as little as $5 A developer uploaded the entire Bee Movie script to the Ethereum network to show off reduced data costs brought about by Ethereum’s Dencun upgrade.
Core Scientific shares fall 4% after Q4 2023 results report revenue drop The Bitcoin miner posted decreased YOY revenues for 2023 but said narrowing losses and increased investments in infrastructure are strong points heading into the Bitcoin halving.
Grayscale’s spot Bitcoin ETF market share falls to 50% Grayscale’s slice of the Bitcoin ETF pie has fallen below 50% for the first time since it was converted alongside the launch of nine new ETFs in January.
Bitcoin surges after crypto ETPs notch record $2.7B weekly inflows The price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto funds.
SEC radio silence on Ethereum ETF ‘not a good sign’ — Bloomberg analyst Senior Bloomberg ETF analyst Eric Balchunas says the chances of an ETH ETF approval grow slimmer every day the SEC maintains its radio silence with prospective fund issuers.
Large corporations, major wirehouses gearing up to buy Bitcoin: Bitwise Institutions representing “trillions of dollars” in assets are expected to buy into spot Bitcoin ETFs by June this year, says Bitwise’s Matt Hougan.
A ‘simple’ hard fork could subvert a quantum attack on Ethereum: Vitalik Buterin The technology required to make Ethereum immune from a quantum attack could be developed starting “tomorrow,” said Buterin.
Traders are now gambling on ‘poorly drawn’ celebrity memecoins One memecoin investor says an initial investment of $260 ballooned into $423,000 in just three days by purchasing a token called Jeo Boden, a humorous depiction of U.S. President Joe Biden.
‘Only a few’ Ethereum L2s will survive the next 5 years: Manta co-founder Manta’s Kenny Li argues that only blockchains with a “modular” approach stand a chance of survival, but critics say the whole debate is just a marketing stunt.
SEC claims Binance.US ‘unwilling’ to give info, requests court intervenes Binance.US isn’t answering important questions, the SEC claims, but the crypto exchange says further requests exceeded the regulator’s bounds.
Cats vs. dogs: Animal memecoins surge triple, quadruple digits over past month Dog, cat and frog-themed memecoins have been battling it out in the charts, though dog-themed tokens are still edging out others as the most widely traded.
SEC pushes back BlackRock, Fidelity spot Ethereum ETF proposals The SEC has again delayed its decision on spot Ethereum ETF applications from BlackRock and Fidelity as analysts continue to tip May as the month to watch.
Physicist explains how his ‘Power Law’ model got to $10M Bitcoin by 2045 The price of Bitcoin could increase by 6300% in the next 15 years, according to Giovanni Santostasi’s power law model.
Solana needs Firedancer, ‘ChatGPT moment’ to rival ETH, proponents say Solana might have a shot at flipping Ethereum, but only if it can overcome a series of obstacles.
US lawmakers advance resolution to get banks in on crypto custody The House Financial Services Committee has voted to advance a resolution that could overturn the controversial Staff Accounting Bulletin No. 121.
Former Blockchain Global director restricted from leaving Australia Liang “Allan” Guo was one of three directors of a company that operated the ACX Exchange, which collapsed in 2021 and has been the subject of a federal regulator probe since last month.
Solana rockets 13% to new yearly high, led by WIF memecoin frenzy The price of Solana’s SOL surged to reach a new 2024 high, while traders are doubling down on the Solana-based memecoin Dogwifhat.
5 big misconceptions about AI creating mass unemployment A global job takeover won’t be as slow and controlled as many think, but in the end, maybe it’s not such a bad thing, according to ‘Surviving AI’ author Callum Chace.
DeFi risk manager Gauntlet partners with Morpho days after dumping Aave The DeFi risk management firm made the jump to Morpho less than a week after parting ways with rival lending protocol Aave.
MicroStrategy a ‘timely play’ on Bitcoin halving, $990 target price: Benchmark MicroStrategy’s Bitcoin holdings have passed $11 billion, and its shares could gain from increased institutional BTC demand and the cryptocurrency’s halving, says Benchmark.
Bitcoin short sellers are out $161M as Bitcoin surprises with 11% rally Bitcoin’s massive surge upward saw more than $268 million in shorts liquidated throughout the wider crypto market.
Blast TVL crosses $2B as it targets mainnet launch on Feb. 29 More than $2.1 billion has been locked on the Blast protocol as users eagerly await an airdrop slated for May.
Ben ‘BitBoy’ Armstrong fight causes wild swings in memecoin prices BitBoy’s opponent, “More Light,” told Cointelegraph after the fight he didn’t expect Armstrong to be so “amped up” during their match.