“Established memes are generally high beta for the native token of the chain they’re on, and Mog has established itself as a winner on Ethereum while still trading at a fraction of the next biggest meme (Pepe),” Viro, a Mog core team member, said in an interview over Telegram. Source
Late Monday, Bloomberg’s ETF analysts increased the probability of the U.S. Securities and Exchange Commission (SEC) green lighting the spot ETH ETFs to 75% from 25%. Meanwhile, CoinDesk reported that the SEC had asked exchanges looking to list and trade potential spot ether ETFs to update 19b-4 filings on an accelerated basis, a sign of the regulator attempting to fast-track the process. Source
As a result of this significant development, the ether implied volatility curve, which shows market expectations of future volatility across different strike prices and expirations, flattened as 25-delta risk reversals hit YTD highs above 18%, and traders heavily bought $4000 calls for 24 May 2024 and 31 May, Presto Research analysts wrote in a note shared with CoinDesk. Source
“This historic settlement is a major step toward ensuring the victims who invested in Genesis have a semblance of justice,” Attorney General Letitia James said in a statement. “Once again, we see the real-world consequences and detrimental losses that can happen because of a lack of oversight and regulation within the cryptocurrency industry.” Source
Ranking members strongly oppose this bill as written, an email obtained by Politico reads, but will stop short of putting it to a whipped vote Source
U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl. Source
Gaming Token Gala Drops Amid Suspect $200M Transfer Source
That doesn’t mean the ETFs will be authorized, though. Would-be issuers also need their S-1 applications approved before the products could begin trading. SEC could take an indefinite amount of time to approve the S-1 documents, one person familiar with the matter said, as it isn’t tied to a deadline. Source
For blockchain developers, it’s red meat. For others, it may sound unfamiliar. For everyone, including those somewhere in between, the three days are packed with opportunities to learn about the hottest crypto tech on Bitcoin, Ethereum, Solana, Cosmos and XRP Ledger – from the world’s top experts. Source
COPA, which is backed by Jack Dorsey and Coinbase, among others, put the question directly when it filed suit in 2021. Then, over several weeks in a U.K. court, the group was able to systematically prove to the court that Wright had been forging documents, spewing lies and filing costly and wasteful lawsuits for years. Source