The Gary Gensler-led Securities and Exchange Commission (SEC) began investigating Ethereum’s security status last year, according to an April 29 court filing by Consensys. The filing disclosed that Gurbir Grewal, the Director of the Division of Enforcement, sanctioned the Formal Order of Investigation concerning ‘Ethereum 2.0’ in March 2023. This Formal Order conferred broader authority […] The post SEC suspected Ethereum was a security since 2018, new Consensys documents reveal appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Quick Take In the week preceding the much-anticipated Bitcoin halving on April 20, transaction fees for Bitcoin exceeded those of Ethereum; this trend persisted until April 27, according to Glassnode data. CryptoSlate meticulously tracked fee trends across both blockchains before, during, and after the halving. Data unveiled a notable but temporary spike in Bitcoin fees, […] The post Ethereum transaction fees overtake Bitcoin as Runes speculation subsides appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Tether, the largest company in the digital asset industry, has announced a strategic investment of $200 million into Blackrock Neurotech, a leading pioneer in Brain-Computer-Interface (BCI) technology. This significant move marks the unveiling of Tether’s new venture division, Tether Evo, which CEO Paolo Ardoino describes as “the ultimate pillar of its long-term vision and strategy.” […] The post Tether invests $200 million to reach ‘ultimate’ goal of putting computers in people’s brain appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Polkadot-related Peaq, a layer-1 blockchain network tailored for Decentralized Physical Infrastructure (DePIN) and Real-World Assets (RWAs), saw adoption from two major DePIN projects, MapMetrics and Natix Network, last week. MapMetrics migration On April 25, Web3 drive-to-earn platform MapMetrics revealed that it was migrating from the Solana blockchain to Peaq to enjoy the several features accessible […] The post Polkadot parachain Peaq receives major migrations from decentralized mapping projects appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Quick Take The Japanese yen’s freefall against the US dollar has reached alarming levels, prompting intervention by Japanese authorities in the foreign exchange market. According to the Wall Street Journal, officials confirmed their actions to support the yen’s value on Monday morning. The yen’s weakness has been relentless, with the USD/JPY pair surging past the […] The post Yen’s freefall prompts Japanese intervention as USD/JPY hits 34-year high appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Inflows into the Newborn Nine ETFs fell by more than 50% during the past week to $126 million from $254 million, according to CoinShares weekly report. Per the report, these reduced inflows contributed to the third consecutive week’s outflow of $435 million—the largest outflow since March—that major crypto-related investment products recorded during the week. Grayscale […] The post Grayscale’s outflows slow as investor interest in altcoins like Solana, Polkadot rises appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Australia is poised to join the global trend of countries, including the US and Hong Kong, allowing their citizens to invest in Bitcoin exchange-traded funds (ETFs). ASX to approve Bitcoin ETFs Earlier today, Bloomberg reported that the Australian Securities Exchange (ASX) could approve its inaugural batch of spot Bitcoin ETF before the end of the […] The post VanEck lead charge as Australia prepares for Bitcoin ETF launch appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Maksim Balashevich, CEO of crypto analytics firm Santiment, believes Bitcoin’s market conditions post-halving suggest a period of ongoing redistribution followed by a potential resumption of the bull trend. In a recent report, Balashevich and his team analyzed on-chain data to uncover nuanced behavioral patterns among market participants. “The present and the future,” Balashevich stated in […] The post Bitcoin market poised for potential bull trend resumption amid ongoing redistribution phases appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

Tron blockchain founder Justin Sun says the US Securities and Exchange Commission (SEC) would not approve an Ethereum exchange-traded fund (ETF) in May. In an April 28 post on X (formerly Twitter), Sun noted that the crypto industry still needs to prepare for a long-term education with regulators, especially in helping them understand how the […] The post Justin Sun predicts SEC rejection of Ethereum ETF in May, citing need for crypto education appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

The following is a guest post by Nikita Ovchinnik, the Co-founder at Barter DeFi. DeFi may be “in the crosshairs” of the SEC, as Forbes magazine recently stated after the SEC action against Uniswap. Still, the matter raises valid concerns that DeFi simply must address for the sake of its future. According to Uniswap, the […] The post SEC vs DeFi: The Battle Royale — what lies ahead amid regulatory clash and hack mayhem? appeared first on CryptoSlate. Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More