Key points: Bitcoin NFTs have surpassed $4 billion in all-time sales volume, ranking fourth behind Ethereum, Solana, and Ronin. In May 2024, Bitcoin NFTs led the market with $171 million in sales, despite a broader market slump. Ordinals, a protocol for numbering and inscribing data on Bitcoin’s smallest units (satoshis), has fueled the rise of…
TLDR The SEC is closing its Salt Lake City regional office, which will reduce the number of its regional branches from 11 to 10. The decision follows a notable decrease in the office’s workforce, including individuals who departed due to reported involvement in the unsuccessful litigation against DEBT Box. Two SEC lawyers, Michael Welsh and…
TLDR U.S. spot Bitcoin ETFs experienced their second highest daily net inflows on June 4, amounting to $886.75 million. Fidelity’s FBTC led the inflows with $379 million, followed by BlackRock’s IBIT with $274 million and Ark Invest and 21Shares’ ARKB with $139 million. This marks sixteen consecutive days of net inflows for U.S. Bitcoin ETFs,…
The memecoin FLOKI recently crossed 417,400 holders on the BNB Chain, making it the biggest memecoin on that blockchain by market capitalization and number of holders. Recently, the Floki developers launched a new Telegram-based trading bot that allows holders to trade any token on the BNB Chain network, charging a 1% fee, with 50% of…
TLDR Coinbase’s Ethereum Layer 2 network, Base, generated over $6 million in on-chain profits in May, outperforming competitors like Blast and Optimism. Base’s total value locked (TVL) has seen significant growth, nearly sextupling from $1.3 billion to $7.6 billion in the last three months, driven by the implementation of EIP-4844 and proto-danksharding via the Dencun…
Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil lawsuit since the alleged fraud was uncovered nine months ago. The plaintiffs allege unauthorized transfers of their funds shortly…
TLDR Fhenix, an Ethereum Layer 2 network focused on data confidentiality, has raised $15 million in a Series A funding round led by Hack VC, bringing its total funding to $22 million. Fhenix has launched its open testnet called Helium, allowing developers to deploy “confidential” smart contracts on the Fhenix Layer 2 network for the…
According to the Bangkok Post, the Thai Securities and Exchange Commission (SEC) has given approval to One Asset Management, a local firm, to introduce Thailand’s first Bitcoin exchange-traded fund (ETF). This ETF is exclusively available to wealthy and institutional investors and follows a policy of investing in 11 prominent global funds. A Diversified Approach The…
TLDR Raspberry Pi has partnered with Hailo to create a $70 AI Kit add-on for the Raspberry Pi 5 microcomputer. The AI Kit includes a Hailo-8L AI accelerator module capable of 13 trillion operations per second (TOPS), outperforming some laptop AI chips. The AI Kit integrates with the Raspberry Pi’s camera software stack and can…
Strategic advancements are crucial in the swiftly transforming realm of cryptocurrency. Ripple’s collaboration with Evmos and Peersyst seeks to enhance blockchain interoperability, while the fluctuating prices of Arweave underscore market instability. However, BlockDAG has managed to distinguish itself by unveiling the beta version of its X1 mobile miner app during a captivating keynote, alongside a…