Ethereum ETF launch date depends on issuers, not SEC: Gensler
The approval of United States spot Ether exchange-traded funds (ETF) will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler.
Gensler’s comments appear to put the onus for approvals on issuers and indicate the SEC will not drag the process out as some feared.
On…
https://cryptoinsight.ae/ethereum-etf-launch-date-depends-on-issuers-not-sec-gensler/
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The approval of United States spot Ether exchange-traded funds (ETF) will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler.
Gensler’s comments appear to put the onus for approvals on issuers and indicate the SEC will not drag the process out as some feared.
On…
https://cryptoinsight.ae/ethereum-etf-launch-date-depends-on-issuers-not-sec-gensler/
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Unstoppable Domains to apply for ‘.blockchain’ domain registration
Unstoppable Domains and Blockchain.com have partnered to launch and commercialize a “.blockchain” domain name system (DNS)-enabled Web3 domain.
According to the announcement shared with Cointelegraph, the duo teamed up to register the .blockchain Web3 domain with the Internet Corporation for Assigned Names and Numbers (ICANN), the world’s authority on IP addresses and domain names.
“The…
https://cryptoinsight.ae/unstoppable-domains-to-apply-for-blockchain-domain-registration/
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Unstoppable Domains and Blockchain.com have partnered to launch and commercialize a “.blockchain” domain name system (DNS)-enabled Web3 domain.
According to the announcement shared with Cointelegraph, the duo teamed up to register the .blockchain Web3 domain with the Internet Corporation for Assigned Names and Numbers (ICANN), the world’s authority on IP addresses and domain names.
“The…
https://cryptoinsight.ae/unstoppable-domains-to-apply-for-blockchain-domain-registration/
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What is market depth in crypto?
Market depth in cryptocurrency trading, explained
In cryptocurrency trading, market depth describes the market’s capacity to withstand significant orders without appreciably impacting price.
It is a liquidity metric that shows how many buy and sell orders there are for a given cryptocurrency at different price points. So, how is market depth displayed? A depth chart…
https://cryptoinsight.ae/what-is-market-depth-in-crypto/
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Market depth in cryptocurrency trading, explained
In cryptocurrency trading, market depth describes the market’s capacity to withstand significant orders without appreciably impacting price.
It is a liquidity metric that shows how many buy and sell orders there are for a given cryptocurrency at different price points. So, how is market depth displayed? A depth chart…
https://cryptoinsight.ae/what-is-market-depth-in-crypto/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.69 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $69,296.96 (-2.7%)
Ethereum ~ $3,680.42 (-3.5%)
Solana ~ $162.27 (-5.6%)
Polkadot ~ $6.61 (-7.8%)
Flow ~ $0.8461 (-7.9%)
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Day started from:
The global cryptocurrency market cap today is $2.69 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $69,296.96 (-2.7%)
Ethereum ~ $3,680.42 (-3.5%)
Solana ~ $162.27 (-5.6%)
Polkadot ~ $6.61 (-7.8%)
Flow ~ $0.8461 (-7.9%)
Follow and subscribe - @GulfCryptoInsight
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Impact of shifting SEC policy on ETH ‘yet to be seen’ — Consensys SC
The political landscape might influence how the United States Securities and Exchange Commission (SEC) handles crypto-related policies in the lead-up to the 2024 election, according to Consensys’ senior counsel.
Speaking to Cointelegraph at the Consensus conference in Austin on May 29, Consensys senior counsel and director of global regulatory matters Bill Hughes said it was…
https://cryptoinsight.ae/impact-of-shifting-sec-policy-on-eth-yet-to-be-seen-consensys-sc/
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The political landscape might influence how the United States Securities and Exchange Commission (SEC) handles crypto-related policies in the lead-up to the 2024 election, according to Consensys’ senior counsel.
Speaking to Cointelegraph at the Consensus conference in Austin on May 29, Consensys senior counsel and director of global regulatory matters Bill Hughes said it was…
https://cryptoinsight.ae/impact-of-shifting-sec-policy-on-eth-yet-to-be-seen-consensys-sc/
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Zilliqa 2.0 upgrade enhances speed and cross-chain compatibility
Blockchain network Zilliqa has officially released the white paper and roadmap for its highly anticipated version 2.0 upgrade, which will deploy on the mainnet later in 2024.
According to the network, the new version promises to improve the platform, making it faster, more efficient and capable of working with other blockchain networks.
New features in…
https://cryptoinsight.ae/zilliqa-2-0-upgrade-enhances-speed-and-cross-chain-compatibility/
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Blockchain network Zilliqa has officially released the white paper and roadmap for its highly anticipated version 2.0 upgrade, which will deploy on the mainnet later in 2024.
According to the network, the new version promises to improve the platform, making it faster, more efficient and capable of working with other blockchain networks.
New features in…
https://cryptoinsight.ae/zilliqa-2-0-upgrade-enhances-speed-and-cross-chain-compatibility/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $69,357.56 (0.0%)
Ethereum ~ $3,687.94 (0.1%)
Solana ~ $159.25 (-2.0%)
Polkadot ~ $6.43 (-2.8%)
Flow ~ $0.8041 (-5.1%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $69,357.56 (0.0%)
Ethereum ~ $3,687.94 (0.1%)
Solana ~ $159.25 (-2.0%)
Polkadot ~ $6.43 (-2.8%)
Flow ~ $0.8041 (-5.1%)
Follow and subscribe - @GulfCryptoInsight
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Friend.tech’s plan to develop own blockchain leaves users confused
Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “Why?”
“No hate, just a genuine question, What is the value proposition of a social-focused chain?” crypto trader Dr. Jojipup asked…
https://cryptoinsight.ae/friend-techs-plan-to-develop-own-blockchain-leaves-users-confused/
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Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “Why?”
“No hate, just a genuine question, What is the value proposition of a social-focused chain?” crypto trader Dr. Jojipup asked…
https://cryptoinsight.ae/friend-techs-plan-to-develop-own-blockchain-leaves-users-confused/
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ZkSync’s Gemholic project suspected $3.5M rug pull
The cryptocurrency community is concerned following a suspected rug-pull incident involving the Gemholic project and the zkSync network.
Several users affected by the alleged Gemholic scam have taken to X to raise awareness. NSerec, the founder of Zkmarkets, confirmed that Gemholic stole $3.5 million.
In the X post, NSerec claimed that Gemholic had deceived its…
https://cryptoinsight.ae/zksyncs-gemholic-project-suspected-3-5m-rug-pull/
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The cryptocurrency community is concerned following a suspected rug-pull incident involving the Gemholic project and the zkSync network.
Several users affected by the alleged Gemholic scam have taken to X to raise awareness. NSerec, the founder of Zkmarkets, confirmed that Gemholic stole $3.5 million.
In the X post, NSerec claimed that Gemholic had deceived its…
https://cryptoinsight.ae/zksyncs-gemholic-project-suspected-3-5m-rug-pull/
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Binance reaches 200M users with $100B in assets under custody
Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users.
To the best of our knowledge, no other exchange can boast near as many users. However, it bears mention that these figures are self-reported.
In true celebratory fashion, Binance marked the occasion across…
https://cryptoinsight.ae/binance-reaches-200m-users-with-100b-in-assets-under-custody/
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Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users.
To the best of our knowledge, no other exchange can boast near as many users. However, it bears mention that these figures are self-reported.
In true celebratory fashion, Binance marked the occasion across…
https://cryptoinsight.ae/binance-reaches-200m-users-with-100b-in-assets-under-custody/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $69,548.77 (0.2%)
Ethereum ~ $3,681.15 (0.2%)
Solana ~ $159.84 (0.4%)
Polkadot ~ $6.45 (0.2%)
Flow ~ $0.7943 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $69,548.77 (0.2%)
Ethereum ~ $3,681.15 (0.2%)
Solana ~ $159.84 (0.4%)
Polkadot ~ $6.45 (0.2%)
Flow ~ $0.7943 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
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Base TVL surges to $8B just days after overtaking OP Mainnet
Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet.
L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92…
https://cryptoinsight.ae/base-tvl-surges-to-8b-just-days-after-overtaking-op-mainnet/
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Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet.
L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92…
https://cryptoinsight.ae/base-tvl-surges-to-8b-just-days-after-overtaking-op-mainnet/
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Ethereum leaders are stuck in a ‘massive contradiction’ — Wintermute CEO
Ethereum leaders must choose between supporting a capitalist or socialist economic system, but they can’t do both, according to digital assets market maker Wintermute CEO Evgeny Gaevoy.
“You are either building capitalism or planned socialism. I’m sorry, you really can’t have both,” Gaevoy declared in a June 6 post on X, following both Ethereum co-founder…
https://cryptoinsight.ae/ethereum-leaders-are-stuck-in-a-massive-contradiction-wintermute-ceo/
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Ethereum leaders must choose between supporting a capitalist or socialist economic system, but they can’t do both, according to digital assets market maker Wintermute CEO Evgeny Gaevoy.
“You are either building capitalism or planned socialism. I’m sorry, you really can’t have both,” Gaevoy declared in a June 6 post on X, following both Ethereum co-founder…
https://cryptoinsight.ae/ethereum-leaders-are-stuck-in-a-massive-contradiction-wintermute-ceo/
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Arbitrum to distribute $215M in ARB tokens for gaming innovation
The Arbitrum Foundation, the team responsible for the Ethereum rollup-based layer-2 network Arbitrum, has committed substantial resources to developing the gaming industry within its ecosystem.
The proposal sets aside 225 million Arbitrum (ARB) tokens valued at approximately $215 million to be distributed over three years through the newly established Gaming Catalyst Program (GCP).
The program…
https://cryptoinsight.ae/arbitrum-to-distribute-215m-in-arb-tokens-for-gaming-innovation/
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The Arbitrum Foundation, the team responsible for the Ethereum rollup-based layer-2 network Arbitrum, has committed substantial resources to developing the gaming industry within its ecosystem.
The proposal sets aside 225 million Arbitrum (ARB) tokens valued at approximately $215 million to be distributed over three years through the newly established Gaming Catalyst Program (GCP).
The program…
https://cryptoinsight.ae/arbitrum-to-distribute-215m-in-arb-tokens-for-gaming-innovation/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.6 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $67,846.77 (-2.5%)
Ethereum ~ $3,563.03 (-3.3%)
Solana ~ $154.35 (-3.4%)
Polkadot ~ $6.41 (-0.6%)
Flow ~ $0.7688 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.6 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $67,846.77 (-2.5%)
Ethereum ~ $3,563.03 (-3.3%)
Solana ~ $154.35 (-3.4%)
Polkadot ~ $6.41 (-0.6%)
Flow ~ $0.7688 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
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Optimism reaches ‘Stage 1’ decentralization, implementing fault proofs
Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs. According to the team, Optimism has now reached “Stage 1” of decentralization, referring to a list of milestones articulated by Ethereum co-founder Vitalik Buterin.
At least four other OP Stack networks will implement the fault proofs “soon,”…
https://cryptoinsight.ae/optimism-reaches-stage-1-decentralization-implementing-fault-proofs/
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Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs. According to the team, Optimism has now reached “Stage 1” of decentralization, referring to a list of milestones articulated by Ethereum co-founder Vitalik Buterin.
At least four other OP Stack networks will implement the fault proofs “soon,”…
https://cryptoinsight.ae/optimism-reaches-stage-1-decentralization-implementing-fault-proofs/
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Bitcoin is no ‘silver bullet’ for money’s ethical problems
Fiat money and cryptocurrencies share similar use cases but both come with drawbacks that critics claim make them unethical to use.
Common arguments for Bitcoin being unethical include its impact on the environment through high electricity costs from mining, along with potential use by criminal elements, and the lack of regulation and user protections.
Conversely,…
https://cryptoinsight.ae/bitcoin-is-no-silver-bullet-for-moneys-ethical-problems/
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Fiat money and cryptocurrencies share similar use cases but both come with drawbacks that critics claim make them unethical to use.
Common arguments for Bitcoin being unethical include its impact on the environment through high electricity costs from mining, along with potential use by criminal elements, and the lack of regulation and user protections.
Conversely,…
https://cryptoinsight.ae/bitcoin-is-no-silver-bullet-for-moneys-ethical-problems/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.57 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $67,313.20 (-0.9%)
Ethereum ~ $3,511.78 (-1.5%)
Solana ~ $150.52 (-2.5%)
Polkadot ~ $6.40 (-0.5%)
Flow ~ $0.7579 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.57 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $67,313.20 (-0.9%)
Ethereum ~ $3,511.78 (-1.5%)
Solana ~ $150.52 (-2.5%)
Polkadot ~ $6.40 (-0.5%)
Flow ~ $0.7579 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
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Polygon launches $720M Community Treasury for blockchain grants
Polygon has launched a $720 million Community Treasury dedicated to supporting blockchain projects over the next 10 years.
The initiative promises to support developers within the Polygon and Ethereum ecosystems.
The $720 billion fund will allocate an initial 35 million Polygon tokens (worth roughly $25 million) for the Community Grants Program (CGP) first season.
The…
https://cryptoinsight.ae/polygon-launches-720m-community-treasury-for-blockchain-grants/
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Polygon has launched a $720 million Community Treasury dedicated to supporting blockchain projects over the next 10 years.
The initiative promises to support developers within the Polygon and Ethereum ecosystems.
The $720 billion fund will allocate an initial 35 million Polygon tokens (worth roughly $25 million) for the Community Grants Program (CGP) first season.
The…
https://cryptoinsight.ae/polygon-launches-720m-community-treasury-for-blockchain-grants/
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ZkSync says 695K wallets eligible for next week’s ZK token airdrop
Ethereum zero-knowledge (ZK) layer-2 scaler zkSync has launched its self-titled token, zkSync (ZK), and plans to airdrop nearly 3.68 billion of them “next week.”
The project said on June 11 that starting next week, it will airdrop 17.5% of the token’s total supply of 21 billion to the 695,232 eligible wallets — with the rest…
https://cryptoinsight.ae/zksync-says-695k-wallets-eligible-for-next-weeks-zk-token-airdrop/
Website | Twitter | LinkedIn | Telegram
Ethereum zero-knowledge (ZK) layer-2 scaler zkSync has launched its self-titled token, zkSync (ZK), and plans to airdrop nearly 3.68 billion of them “next week.”
The project said on June 11 that starting next week, it will airdrop 17.5% of the token’s total supply of 21 billion to the 695,232 eligible wallets — with the rest…
https://cryptoinsight.ae/zksync-says-695k-wallets-eligible-for-next-weeks-zk-token-airdrop/
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