News - Page 22

Yuga Labs, the heart of the Yuga community, organizes ApeFest to foster a sense of togetherness among its members. However, recent events have overshadowed the positive experience of ApeFest attendees.

When it comes to the pricing of an ETF, market expectations play a crucial role. In the case of a new ETF that is yet to be approved, the pricing may not be fully reflected in the market. This is because potential buyers of the ETF may not be aware of its impending launch or may not expect it to be approved in the near future.

A widely followed crypto strategist believes that Dogecoin (DOGE) is preparing for a significant upward movement. The pseudonymous analyst, Kaleo, predicts that DOGE will follow the footsteps of other altcoins that have recently experienced substantial gains.

In a recent floor statement, Representative Emmer proposed an amendment that aims to limit the Securities and Exchange Commission (SEC) from using funds for enforcement activities related to digital asset transactions. The amendment states that the SEC should only have jurisdiction over this asset class once Congress passes legislation granting them authority. Emmer expressed concerns about the effectiveness and competence of SEC Chair Gensler and believes that this measure will keep him in check. The purpose of the amendment is to provide the digital asset industry with an opportunity to grow and develop within the United States.

A new crypto bill has been introduced in the U.S. House of Representatives. However, neither of the bill's authors holds prominent positions on committees or is part of the House leadership. This raises questions about the bill's chances of success.

SEC Chair Gary Gensler recently addressed the topic of Grayscale's application and other related matters. When asked about the agency's next steps, Gensler stated that he would not provide an answer at this time. The SEC is currently awaiting recommendations from its staff before taking any action. In the meantime, Gensler released a video highlighting the important work being done by the agency's corporation-finance arm. This work is focused on addressing the challenges posed by rapidly evolving technology and business models, which will play a crucial role in the evaluation of Grayscale's application.

The Santa Claus rally, a phenomenon observed in the stock market, could potentially have a positive impact on Bitcoin prices. According to Matrixport, a leading cryptocurrency financial services provider, there is a possibility of a rally in Bitcoin prices in the near future.

A temperature check poll on the proposal started on November 3rd and will end on November 10th. The purpose of this poll is to gather feedback and determine whether the proposal should be taken to an official Arbitrum DAO vote.

The Securities and Exchange Commission (SEC) has rejected Binance and Binance.US's motion to dismiss the lawsuit filed against them earlier this summer. The SEC argues that the motion is based on distorted and tortured interpretations of federal law and precedents. In June, the SEC sued Binance, along with Coinbase, alleging that both companies offered unregistered securities to the public. The lawsuit against Binance also includes additional allegations.

Cardano (ADA) has emerged as the top blockchain in terms of development activity, according to analytics platform Santiment. Over a 30-day period, Cardano recorded 502.57 GitHub commits, surpassing other major cryptocurrencies. Polkadot (DOT) and Kusama (KSM) secured the second and third positions with 484.23 GitHub commits each. Hedera (HBAR) and Aptos (APT) followed closely behind with 353.67 and 338.77 GitHub commits, respectively. The mobile browser and messenger Status (SNT) and the blockchain oracle Chainlink (LINK) also made it to the top rankings with 335.87 and 330.63 GitHub commits. Ethereum, a leading cryptocurrency, secured the ninth spot with 287.67 GitHub commits. The derivatives trading-focused network Vega Protocol (VEGA) rounded off the list with 285.57 GitHub commits. Santiment's advanced methodology ensures that only significant GitHub commits are considered, excluding routine updates. The high development activity indicates the confidence of developers in the success of these projects and reduces the possibility of fraudulent schemes. Investors should conduct thorough research before engaging in high-risk investments.

The Securities and Exchange Commission (SEC) is currently reviewing nine Bitcoin exchange-traded fund (ETF) applications. Three other applicants, Hashdex, Franklin, and Global X, may have their own comment periods. However, if the SEC is willing to disregard those applications for now, they could issue approvals for the first nine filings.

Bitget, a leading cryptocurrency exchange and Web 3.0 company, has formed an educational partnership with the University College London's (UCL) Blockchain Society and FinTech Society. This collaboration aims to provide students with a comprehensive understanding of blockchain technology and trading through Bitget Academy's resources.

The Aragon Association (AA), the organization behind Aragon (ANT), a decentralized governance platform on the Ethereum (ETH) blockchain, has announced its dissolution. As part of this process, the AA will deploy 86,343 ETH, equivalent to approximately $163 million, to offer Ethereum redemptions for ANT holders.

The Commodity Futures Trading Commission (CFTC) has reported a significant increase in complaints about crypto assets in 2023. According to the regulatory agency, these complaints accounted for nearly half of its enforcement actions.

A closely followed crypto strategist believes that two altcoins may be gearing up for breakouts as digital asset markets continue to show strength.

Blockchain projects are increasingly exploring modular solutions to handle various tasks, such as data availability. Celestia, Avail, and Near Foundation are three notable projects in this space.