Aptos hits all-time high in user transactions
The layer-1 blockchain platform Aptos, developed by former Facebook employees, has achieved a new milestone in blockchain transactions. It surpassed Solana by recording 115. 4 million transactions in a single day on May 25, compared to Solana’s 31.7 million.
The surge in transaction volume set a new benchmark and surpassed the previous L1 record of…
https://cryptoinsight.ae/aptos-hits-all-time-high-in-user-transactions/
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The layer-1 blockchain platform Aptos, developed by former Facebook employees, has achieved a new milestone in blockchain transactions. It surpassed Solana by recording 115. 4 million transactions in a single day on May 25, compared to Solana’s 31.7 million.
The surge in transaction volume set a new benchmark and surpassed the previous L1 record of…
https://cryptoinsight.ae/aptos-hits-all-time-high-in-user-transactions/
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Normie memecoin team mulls hacker demands after token falls 99%
The team behind Base memecoin Normie (NORMIE) says it is negotiating with its hacker to return 90% of funds stolen due to a smart contract vulnerability — leading to a $41.7 million plunge in the token’s market cap in less than three hours.
Blockchain analytics firm Lookonchain was one of the first to spot the…
https://cryptoinsight.ae/normie-memecoin-team-mulls-hacker-demands-after-token-falls-99/
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The team behind Base memecoin Normie (NORMIE) says it is negotiating with its hacker to return 90% of funds stolen due to a smart contract vulnerability — leading to a $41.7 million plunge in the token’s market cap in less than three hours.
Blockchain analytics firm Lookonchain was one of the first to spot the…
https://cryptoinsight.ae/normie-memecoin-team-mulls-hacker-demands-after-token-falls-99/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.69 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $67,830.27 (-1.0%)
Ethereum ~ $3,853.86 (-1.3%)
Solana ~ $166.70 (1.0%)
Polkadot ~ $7.40 (-0.1%)
Flow ~ $0.9315 (1.1%)
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Day started from:
The global cryptocurrency market cap today is $2.69 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $67,830.27 (-1.0%)
Ethereum ~ $3,853.86 (-1.3%)
Solana ~ $166.70 (1.0%)
Polkadot ~ $7.40 (-0.1%)
Flow ~ $0.9315 (1.1%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin exchange-traded products now hold over 1 million BTC
Bitcoin exchange-traded products — investment vehicles that track the price or provide exposure to BTC — have surpassed 1 million in Bitcoin holdings globally.
Since spot Bitcoin ETFs first launched in the United States in mid-January, the 11 ETFs have sucked up 855,619 Bitcoin, accumulating an average of 6,200 BTC per day.
According to data…
https://cryptoinsight.ae/bitcoin-exchange-traded-products-now-hold-over-1-million-btc/
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Bitcoin exchange-traded products — investment vehicles that track the price or provide exposure to BTC — have surpassed 1 million in Bitcoin holdings globally.
Since spot Bitcoin ETFs first launched in the United States in mid-January, the 11 ETFs have sucked up 855,619 Bitcoin, accumulating an average of 6,200 BTC per day.
According to data…
https://cryptoinsight.ae/bitcoin-exchange-traded-products-now-hold-over-1-million-btc/
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Bitcoin dips 2% as Mt. Gox wallets move over $7B to unknown wallet
Bitcoin dipped 2% on May 28 after wallets labeled as belonging to the collapsed crypto exchange Mt. Gox moved 107,547 BTC worth nearly $7.3 billion to an unknown wallet — with more transactions coming in by the hour.
The move is ahead of the defunct crypto exchange’s plan to return BTC holdings to creditors before…
https://cryptoinsight.ae/bitcoin-dips-2-as-mt-gox-wallets-move-over-7b-to-unknown-wallet/
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Bitcoin dipped 2% on May 28 after wallets labeled as belonging to the collapsed crypto exchange Mt. Gox moved 107,547 BTC worth nearly $7.3 billion to an unknown wallet — with more transactions coming in by the hour.
The move is ahead of the defunct crypto exchange’s plan to return BTC holdings to creditors before…
https://cryptoinsight.ae/bitcoin-dips-2-as-mt-gox-wallets-move-over-7b-to-unknown-wallet/
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EU Commission urged to prepare for blockchain and AI integration
The European Union (EU) has been advised to brace for the convergence of blockchain technology and artificial intelligence (AI).
The European Blockchain Observatory and Forum (EUBOF) — an initiative of the European Commission — monitored and analyzed blockchain developments across Europe and published a concluding report on May 24.
The report, authored by the EUBOF…
https://cryptoinsight.ae/eu-commission-urged-to-prepare-for-blockchain-and-ai-integration/
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The European Union (EU) has been advised to brace for the convergence of blockchain technology and artificial intelligence (AI).
The European Blockchain Observatory and Forum (EUBOF) — an initiative of the European Commission — monitored and analyzed blockchain developments across Europe and published a concluding report on May 24.
The report, authored by the EUBOF…
https://cryptoinsight.ae/eu-commission-urged-to-prepare-for-blockchain-and-ai-integration/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.72 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $68,574.86 (1.1%)
Ethereum ~ $3,864.77 (0.2%)
Solana ~ $172.56 (3.5%)
Polkadot ~ $7.52 (1.8%)
Flow ~ $0.9513 (2.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.72 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $68,574.86 (1.1%)
Ethereum ~ $3,864.77 (0.2%)
Solana ~ $172.56 (3.5%)
Polkadot ~ $7.52 (1.8%)
Flow ~ $0.9513 (2.3%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum ETFs to be Web3 growth ‘call option’ — Crypto analyst
Ether may have an easy-to-explain selling point after all — an option for investors to bet on the future growth of Web3 — after recent doubts about defining Ether neatly to sell the idea of spot Ether exchange-traded funds (ETFs), according to a crypto analyst.
“ETH is a tech play on the growth of Web3.…
https://cryptoinsight.ae/ethereum-etfs-to-be-web3-growth-call-option-crypto-analyst/
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Ether may have an easy-to-explain selling point after all — an option for investors to bet on the future growth of Web3 — after recent doubts about defining Ether neatly to sell the idea of spot Ether exchange-traded funds (ETFs), according to a crypto analyst.
“ETH is a tech play on the growth of Web3.…
https://cryptoinsight.ae/ethereum-etfs-to-be-web3-growth-call-option-crypto-analyst/
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BlackRock adds own Bitcoin ETF to income and bond funds
BlackRock’s income and bond-focused funds have bought shares of the asset manager’s own spot Bitcoin exchange-traded fund (ETF) in the first quarter, regulatory filings show.
BlackRock’s Strategic Income Opportunities Fund (BSIIX) snapped up $3.56 million worth of the iShares Bitcoin Trust (IBIT) while its Strategic Global Bond Fund (MAWIX) made a $485,000 purchase, according to…
https://cryptoinsight.ae/blackrock-adds-own-bitcoin-etf-to-income-and-bond-funds/
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BlackRock’s income and bond-focused funds have bought shares of the asset manager’s own spot Bitcoin exchange-traded fund (ETF) in the first quarter, regulatory filings show.
BlackRock’s Strategic Income Opportunities Fund (BSIIX) snapped up $3.56 million worth of the iShares Bitcoin Trust (IBIT) while its Strategic Global Bond Fund (MAWIX) made a $485,000 purchase, according to…
https://cryptoinsight.ae/blackrock-adds-own-bitcoin-etf-to-income-and-bond-funds/
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Tensions in DeFi industry exposed by LayerZero’s anti-Sybil strategy
LayerZero, a cross-chain interoperability protocol, is gearing up for its first token airdrop, but its strategy against token farmers is causing division.
The main concern surrounds LayzerZero’s “anti-Sybil strategy.”
Sybil activity occurs when a group or individual creates multiple wallets to interact with a protocol in the hopes of qualifying for its airdrop multiple times.…
https://cryptoinsight.ae/tensions-in-defi-industry-exposed-by-layerzeros-anti-sybil-strategy/
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LayerZero, a cross-chain interoperability protocol, is gearing up for its first token airdrop, but its strategy against token farmers is causing division.
The main concern surrounds LayzerZero’s “anti-Sybil strategy.”
Sybil activity occurs when a group or individual creates multiple wallets to interact with a protocol in the hopes of qualifying for its airdrop multiple times.…
https://cryptoinsight.ae/tensions-in-defi-industry-exposed-by-layerzeros-anti-sybil-strategy/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $67,946.11 (-0.9%)
Ethereum ~ $3,768.35 (-2.5%)
Solana ~ $167.83 (-2.8%)
Polkadot ~ $7.12 (-5.4%)
Flow ~ $0.9095 (-4.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $67,946.11 (-0.9%)
Ethereum ~ $3,768.35 (-2.5%)
Solana ~ $167.83 (-2.8%)
Polkadot ~ $7.12 (-5.4%)
Flow ~ $0.9095 (-4.4%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum ETFs — 3 pitches that could hook Wall Street
Ethereum, the world’s second-largest blockchain network, is expected to be the focus of the next spot crypto exchange-traded fund, but it might have a sales pitch problem.
While Ethereum has been described as “the internet of money,” a “world computer,” and “digital oil” in the past — some worry that Ethereum doesn’t have an elevator…
https://cryptoinsight.ae/ethereum-etfs-3-pitches-that-could-hook-wall-street/
Website | Twitter | LinkedIn | Telegram
Ethereum, the world’s second-largest blockchain network, is expected to be the focus of the next spot crypto exchange-traded fund, but it might have a sales pitch problem.
While Ethereum has been described as “the internet of money,” a “world computer,” and “digital oil” in the past — some worry that Ethereum doesn’t have an elevator…
https://cryptoinsight.ae/ethereum-etfs-3-pitches-that-could-hook-wall-street/
Website | Twitter | LinkedIn | Telegram
PayPal’s new stablecoin on Solana will offer ‘confidential transfers’
PayPal’s PYUSD stablecoin, which was recently deployed on Solana, will offer “confidential transfers” as an additional feature.
On May 29, payments platform PayPal announced that it had deployed its dollar-pegged stablecoin on Solana, having only previously been available on Ethereum.
One notable extension initialized for PYUSD is “confidential transfers,” which will allow merchants to “provide…
https://cryptoinsight.ae/paypals-new-stablecoin-on-solana-will-offer-confidential-transfers/
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PayPal’s PYUSD stablecoin, which was recently deployed on Solana, will offer “confidential transfers” as an additional feature.
On May 29, payments platform PayPal announced that it had deployed its dollar-pegged stablecoin on Solana, having only previously been available on Ethereum.
One notable extension initialized for PYUSD is “confidential transfers,” which will allow merchants to “provide…
https://cryptoinsight.ae/paypals-new-stablecoin-on-solana-will-offer-confidential-transfers/
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Vitalik Buterin: L2s are ‘cultural extensions’ of Ethereum
Ethereum layer-2s aren’t just about scaling — they’re also a rallying point for “subcultures” that grow the Ethereum ecosystem more than the single chain could do alone, says Vitalik Buterin, one of the creators of Ethereum.
In a May 29 blog post on Buterin’s self-hosted blog, the Ethereum co-founder examined the benefits of layer-2 blockchains…
https://cryptoinsight.ae/vitalik-buterin-l2s-are-cultural-extensions-of-ethereum/
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Ethereum layer-2s aren’t just about scaling — they’re also a rallying point for “subcultures” that grow the Ethereum ecosystem more than the single chain could do alone, says Vitalik Buterin, one of the creators of Ethereum.
In a May 29 blog post on Buterin’s self-hosted blog, the Ethereum co-founder examined the benefits of layer-2 blockchains…
https://cryptoinsight.ae/vitalik-buterin-l2s-are-cultural-extensions-of-ethereum/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $68,323.18 (0.7%)
Ethereum ~ $3,744.13 (-0.6%)
Solana ~ $166.12 (-1.0%)
Polkadot ~ $6.98 (-1.4%)
Flow ~ $0.8885 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $68,323.18 (0.7%)
Ethereum ~ $3,744.13 (-0.6%)
Solana ~ $166.12 (-1.0%)
Polkadot ~ $6.98 (-1.4%)
Flow ~ $0.8885 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
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McHenry urges Senate to pass FIT21 crypto bill before election
Outgoing United States Republican lawmaker Patrick McHenry has pressured the Senate to pass a key crypto-regulating bill before the November presidential election.
The Financial Innovation and Technology for the 21st Century Act (FIT21) passed the House on May 22 with 71 Democrats and 208 Republicans in favor.
“This should be a wake-up call for the…
https://cryptoinsight.ae/mchenry-urges-senate-to-pass-fit21-crypto-bill-before-election/
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Outgoing United States Republican lawmaker Patrick McHenry has pressured the Senate to pass a key crypto-regulating bill before the November presidential election.
The Financial Innovation and Technology for the 21st Century Act (FIT21) passed the House on May 22 with 71 Democrats and 208 Republicans in favor.
“This should be a wake-up call for the…
https://cryptoinsight.ae/mchenry-urges-senate-to-pass-fit21-crypto-bill-before-election/
Website | Twitter | LinkedIn | Telegram
Tornado Cash sentence ‘radically unfair and unreasonable’ — Nym CEO
Harry Halpin, the CEO of Nym, a privacy-focused project, recently shared his thoughts on the sentence handed down to Tornado Cash developer Alexey Pertsev.
During an interview with Cointelegraph’s Jonathan DeYoung at Consensus 2024, Halpin characterized the sentence as “radically unfair and unreasonable” and provided these analogies:
“The punishment is not proportional either. Years in…
https://cryptoinsight.ae/tornado-cash-sentence-radically-unfair-and-unreasonable-nym-ceo/
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Harry Halpin, the CEO of Nym, a privacy-focused project, recently shared his thoughts on the sentence handed down to Tornado Cash developer Alexey Pertsev.
During an interview with Cointelegraph’s Jonathan DeYoung at Consensus 2024, Halpin characterized the sentence as “radically unfair and unreasonable” and provided these analogies:
“The punishment is not proportional either. Years in…
https://cryptoinsight.ae/tornado-cash-sentence-radically-unfair-and-unreasonable-nym-ceo/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $67,610.64 (-1.1%)
Ethereum ~ $3,784.10 (1.0%)
Solana ~ $166.92 (0.4%)
Polkadot ~ $7.03 (0.7%)
Flow ~ $0.8715 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $67,610.64 (-1.1%)
Ethereum ~ $3,784.10 (1.0%)
Solana ~ $166.92 (0.4%)
Polkadot ~ $7.03 (0.7%)
Flow ~ $0.8715 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Spot Ethereum ETF ‘fee war’ begins as Franklin Templeton discloses fees
American multinational investment firm Franklin Templeton has filed an amended S-1 application for its proposed spot Ether exchange-traded fund (ETF) product, and is the first among the applicants to disclose fees to investors.
“The fees of the Sponsor accrues daily at an annualized rate equal to 0.19% of the net asset value of the Fund,”…
https://cryptoinsight.ae/spot-ethereum-etf-fee-war-begins-as-franklin-templeton-discloses-fees/
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American multinational investment firm Franklin Templeton has filed an amended S-1 application for its proposed spot Ether exchange-traded fund (ETF) product, and is the first among the applicants to disclose fees to investors.
“The fees of the Sponsor accrues daily at an annualized rate equal to 0.19% of the net asset value of the Fund,”…
https://cryptoinsight.ae/spot-ethereum-etf-fee-war-begins-as-franklin-templeton-discloses-fees/
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EOS Network approves new tokenomics, promises ‘new era’
The EOS ecosystem has reached a consensus to approve a new tokenomics model, promising a “new era” for EOS tokenholders and developers.
According to an announcement on May 31, EOS will transition from an inflationary token supply with a maximum of 10 billion EOS tokens to a fixed supply of 2.1 billion tokens. According to…
https://cryptoinsight.ae/eos-network-approves-new-tokenomics-promises-new-era/
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The EOS ecosystem has reached a consensus to approve a new tokenomics model, promising a “new era” for EOS tokenholders and developers.
According to an announcement on May 31, EOS will transition from an inflationary token supply with a maximum of 10 billion EOS tokens to a fixed supply of 2.1 billion tokens. According to…
https://cryptoinsight.ae/eos-network-approves-new-tokenomics-promises-new-era/
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