SBF in Oklahoma Prison Despite Judge’s request
According to inmate records maintained by the Federal Bureau of Prisons as of May 23, Sam Bankman-Fried (SBF) is currently a detainee at the Federal Transfer Center located in Oklahoma City. As per the Office of the Inspector General for the U.S. Department of Justice, the facility temporarily houses detainees pending systemic transfers. Authorities may […]
United States SEC Approves Spot Ether ETFs
The United States Securities and Exchange Commission (SEC) has approved the spot Ether exchange-traded funds (ETFs) for trading on several exchanges. The SEC approved the 19b-4 filings of VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise on May 23. The approvals granted permission for the listing and trading spot Ether ETFs […]
Fantom Launches Sonic Foundation to Oversee Sonic Chain
The Fantom Foundation declared the formation of the Sonic Foundation to facilitate the introduction and overseeing of its forthcoming Sonic chain. On the blockchain network’s blog on May 23, Fantom Foundation CEO Michael Kong announced the establishment of the new foundation. Kong composed: “Our team is steadfast in exploring how the Sonic chain can impact […]
VC Investors Raise $125M for AI Music Platform Suno
Venture capital investors recently raised $125M for Suno, an artificial intelligence (AI) music creation platform. Suno declared on May 21 that it has secured $125 million in funding from investors with the purported objective of democratizing beat-making. The organization disclosed that the allocation of the funds would be towards the advancement of products and the […]
Hong Kong SFC Considers Ether Staking for ETF Issuers
The Securities and Futures Commission of Hong Kong is considering including an Ether staking option for spot ETH exchange-traded funds (ETFs) issuers. Bloomberg reports that the Hong Kong financial regulator is contemplating whether or not ETH ETF issuers within the country should be permitted to stake Ether for passive income. Over three months after the […]