In Brief The US House passes FIT21 bill, setting crypto regulatory framework. The vote saw bipartisan support, with 279 for and 136 against. Next, the bill moves to the Senate, facing an uncertain future. On Wednesday, the crypto industry achieved a historic milestone as the US House of Representatives passed the Financial Innovation and Technology…
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In Brief Analysts raise spot Ethereum ETF approval odds to 75%. SEC’s move to update filings ignites industry anticipation. ETH price jumps 19.98% following the analysts’ prediction. Analysts have increased their odds of spot Ethereum exchange-traded fund (ETF) approval. This shift in sentiment comes amid renewed optimism about regulatory approval from the US Securities and…
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A dogwifhat wallet is essential for securely, conveniently, and successfully managing your WIF. To assist you in selecting the best dogwifhat wallet for your needs, this guide examines the best storage options that are available in 2024. Methodology What is dogwifhat (WIF)? Dogwifhat (WIF) is one of the popular altcoins that led the Solana meme coin charge in the first quarter…
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In Brief On May 20, a hacker exploited Gala Games’ smart contract, minting 5 billion GALA tokens. The hacker sold 592 million GALA for 5,952 ETH, valued at approximately $21.8 million. Gala Games quickly blacklisted the hacker’s address and is collaborating with authorities. Gala Games, a Web3 gaming project, faced a significant security breach on May 20.…
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In Brief Floki Inu proposes to burn 15.2 billion tokens. It aims to improve project management and token value. The proposal influenced the FLOKI token price. The Floki Inu community proposed to burn 15,246,000,000 FLOKI, which are currently worth $2.8 million. The community explained that these actions intend to remove the tokens from blacklisted wallets.…
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In Brief JPMorgan reveals substantial Bitcoin ETF holdings, highlighting significant involvement in crypto. The bank’s investments include shares in various Bitcoin ETFs, totaling over $805,954 in value. Disclosure underscores strategic approach amid growing institutional interest in digital assets. JPMorgan Chase & Co., the largest bank in the United States, has revealed its substantial Bitcoin exchange-traded…
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In Brief SWIB’s $99 million investment in BlackRock’s iShares Bitcoin Trust. This strategic purchase reflects growing institutional investments. JPMorgan and Wells Fargo have also disclosed substantial holdings. The State of Wisconsin Investment Board (SWIB) has made a significant move in the cryptocurrency market by purchasing $99 million worth of BlackRock’s Bitcoin ETFs, iShares Bitcoin Trust…
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In Brief US CPI data could influence crypto markets. SEC may delay Ethereum ETF approval. Congress to vote on crypto regulation soon. This week is key for the crypto market, as several pieces of news will show the industry players’ direction. From inflation data to legislation would affect the crypto industry, and even updates on spot Ethereum…
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In Brief VanEck launches MEMECOIN index tracking top meme coins. MEMECOIN index outperforms with over 195% annual gain. VanEck’s move aligns with the broader trends in the market. VanEck, a New York-based asset management giant, has launched a new financial index. Dubbed the MarketVector Meme Coin Index (MEMECOIN), this index tracks the largest meme coins.…
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In Brief Analysts foresee significant Bitcoin growth as its bull market begins. Confidence stems from strong fundamentals and historical data indicating immense potential. Accumulation by whales and market sentiment point to a bullish trend ahead, despite current consolidation. As the cryptocurrency landscape evolves, a chorus of expert analysts sings the same tune: the Bitcoin bull…
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