One wallet has upgrade permissions for 12 Ethereum scaling networks, but Conduit founder Andrew Huang says it can’t transact without three signatures which would take a trio of physical attacks.
Read more on Cointelegraph
- Crunch
- Global
On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It’s just been returned.
Read more on Cointelegraph
Five U.S. asset managers bidding for an Ether ETF have amended their 19b-4 filings with the SEC.
Read more on Cointelegraph
Facing several criminal cases, the presumptive Republican Party nominee for U.S. President is expected to face off against President Joe Biden in November 2024.
Read more on Cointelegraph
Former President Donald J. Trump’s website says that the presidential candidate now supports crypto donations.
According to his campaign website, users can donate fiat or, selecting more options, donate crypto. His campaign supports donations made via Coinbase Wallet and MetaMask, and the donations are made to joint fundraising committees organized by the Trump campaign and the Republican National Committee (RNCH).
“Demonstrating President Trump’s success as a champion of American freedom and innovation, we proudly offer you a chance to contribute to the campaign with cryptocurrency,” the site said.
Read more: Trump cites merchandise sales in apparent bitcoin U-turn
The site…
Read more on Blockworks
The market enthusiasm remains excessive, though with skepticism even from Bloomberg’s Senior ETF Analyst that has estimated the size of investments that the incoming Ethereum (ETH) ETFs would attract. Recent forecasts indicate a 75% likelihood that the U.S. Security and Exchange Commission (SEC) will greenlight these ETFs, driving ETH prices over the $3,700 mark in a not-so-long 20% spike. According to market data, this has pushed 90% of ETH holders into the green.
On the more sanguine side, optimistic market analysts see massive inflows on the way for ETH ETFs—potentially mirroring the success of the $13 billion of assets in Bitcoin ETFs. Balchunas, on the other hand, sees the also-ran potential of Ethereum ETFs, wherein he thinks they may attract just 10–15% of the assets in Bitcoin ETFs.
As for regulatory updates, Fidelity filed an updated version of its withdrawn proposal for an ETH ETF and entirely removed any staking content at a time when the SEC seems to be ramping up overall oversight into crypto staking. This further conforms to general regulatory uncertainty that acts as a driver to the crypto market and reinforces cautious views by some experts.
The company called for supporting U.S. lawmakers in favor of the Financial Innovation and Technology for the 21st Century Act, hinting the bill could nullify the SEC’s case.
Read more on Cointelegraph
As the industry tries to make sense of the evolving bullish signals around possible spot ether ETF approvals, there’s no shame in needing a quick refresher.
The Securities and Exchange Commission is expected to rule on such products by Thursday. With me so far?
Amended filings indicate that prospective ether ETF issuers would not stake the ETH they hold — a fund feature that segment observers long predicted the SEC to oppose.
The SEC has declined to comment.
Analysts expect the SEC to decide on so-called 19b-4s — proposed rule changes filed by exchanges on behalf of the issuers — before weighing in on S-1 registration statements for each of the planned funds. There could…
Read more on Blockworks
This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.
Bitcoin allows for the permanent inscribing of data onto the public record. Still, whistleblowing on the blockchain remains a terrible idea.
Leaking information is risky business. If you’ve obtained sensitive information — particularly if you’re not supposed to be in possession of said information in the first place — you can’t just send out an email or post it to your Twitter feed. If you did, before you knew it, you’d be tracked, identified, and thrown in jail, while the data you obtained would quickly be deleted.
By inscribing information…
Read more on BitcoinMagazine
Over the past 24 hours, XRP’s XRP/USD price rose 3.39% to $0.54. This continues its positive trend over the past week where it has experienced a 8.0% gain, moving from $0.50 to its current price. As it stands right now, the coin’s all-time high is $3.40.
The chart below compares the price movement and volatility for XRP over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has increased 103.0% over the past week. while the…
Read more on Benzinga