More than $473 million worth of cryptocurrency has been lost to hacks and rug pulls in 2024, according to a report by security researcher Immunefi Source
Crypto Hacks, Rug Pulls Led to $473M Worth of Losses in 2024: Immunefi
Category: ICO
Ether (ETH) Put-Call Ratio Hits One-Year High as Price Rally Stalls
The bullish interpretation of the rising ratio is consistent with positive call-put skews across time frames. As of writing, the seven-day skew stood at 2% while the 30-, 60-, 90- and 180-day skews returned a value of over 5%, according to Amberdata. That’s a sign of the relative richness of calls or bullish bets. Source
First Mover Americas: Crypto in the Red Ahead of Friday's U.S. Inflation Data
The latest price moves in bitcoin (BTC) and crypto markets in context for May 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Singapore’s Largest Bank DBS Holds Nearly $650M in Ether (ETH): Nansen
Ether is the native token of Ethereum, the world’s leading distributed computing platform for creating smart contracts and decentralized applications. Over the years, Ethereum has become a go-to technology for investment banks to tokenize capital markets. Source
Chiliz's CHZ Token Pre-UEFA Euro Price Surge Revives FIFA Memories
CHZ has surged over 20% in seven days, the third-biggest gain among the top 100 cryptocurrencies by market value. Source
BlackRock Amends Ethereum ETF Application; Bloomberg’s Balchunas Sees ETF Going Live By June
A ‘Seed Capital Investor’ has purchased 400,000 shares of the proposed filing, BlackRock revealed in its document. Source
U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year
McHenry, who has been wrangling the crypto legislation in the House, argued that the outcome is assured by the massive level of bipartisan backing last week for his Financial Innovation and Technology for the 21st Century Act (FIT21) – with more than a third of House Democrats showing up to vote yes, despite pushback from the White House. He said the momentum will carry into the next congressional session in 2025, if it has to, and will lift the market-structure bill and the long-awaited legislation to regulate stablecoin issuers. Source
U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says
FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency, not banning mixers, said Brian Nelson, U.S. Treasury undersecretary. Source
Crypto Is a Core American Issue: Consensys’ Joe Lubin Says
“What we’re trying to achieve is the freedom to innovate,” Lubin said on stage. “We have been doing our best to thread the needle between offering access to applications and needing to be a regulated financial institution. We’re pretty sure we got it right and continue to get it right,” which is why the SEC’s recent, call it interest, in Ethereum is so worrying. Source
NYSE Would Consider Crypto Trading If Regulatory Picture Were Clearer, President Lynn Martin Says at Consensus 2024
“The fact that you’ve seen $58 billion or so come to the ETFs has been a strong sign that the market is looking for regulation in traditional structures,” Martin said. “So, hopefully, the [U.S. Securities and Exchange Commission] saw the inflows and said, ‘Hey, this makes a lot of sense,’ considering bitcoin ETFs have been a tremendous success.” Source