JPMorgan Doubts SEC Approval of XRP, SOL, SHIB ETFs
JPMorgan doubts the SEC will approve XRP, SOL, and SHIB ETFs due to its strong view of most cryptocurrencies as securities. JPMorgan is cautious about the likelihood that the US SEC will approve comparable exchange-traded funds (ETFs) for Solana (SOL), XRP, and Shiba Inu (SHIB) amid recent positive developments in the space of crypto ETFs, […]
Ethereum Re-staking Exploit Victim Gets Funds Back
On May 26, an unlucky victim lost 1,807 liquid staked Ethers valued at $6.91 million. The hacker has returned a substantial portion of the stolen funds. Yu Xian, co-founder of blockchain analytics firm SlowMist, wrote, “Yesterday, the old phishing group Inferno Drainer used the permit offline authorization signature to phish away nearly US$7 million in […]
Taiko Thanks Vitalik Buterin, Ethereum Mainnet Layer 2 Launch
Taiko thanks Vitalik Buterin as it launches on Ethereum mainnet, emphasizing the project’s focus on scalability, security, and community engagement. Officially launching on the Ethereum mainnet, Taiko, a prospective Ethereum Layer 2 protocol, has expressed appreciation to Vitalik Buterin, the founder of Ethereum. Ethereum co-founder Vitalik Buterin’s proposal for the inaugural transaction further emphasized the launch, […]
MEV Deemed “Illegal” Market Abuse Under EU MiCA Regulation
The European Union (EU) has purportedly identified Maximum Extractable Value (MEV) as illegal market abuse under MiCA regulations. Under the Markets in Crypto Assets (MiCA) regulation, the European Union (EU) has identified Maximum Extractable Value (MEV) as an explicit illustration of an illicit market manipulation tactic. ESMA Protests MEV Market Abuse The European Securities and […]
Normie Exploit Leads to Over $1M Loss for Memecoin Trader
Due to the Normie smart contract exploit, a memecoin trader has suffered a financial loss exceeding $1 million in digital assets. According to a May 26 X post by Lookonchain, the memecoin merchant spent over $1.16 million to acquire 11.23 million Normie (NORMIE) memecoins, but his initial investment dropped by over 99% to $150. “He spent $1.16M […]