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 […]
ETH Price Could Hit $4,500 Before ETF Approval – Arthur Cheong
According to Arthur Cheong, Ether could rally another 15% and hit $4,500 before the first official ETF starts trading on the market. Before the official confirmation of the first spot Ether exchange-traded funds (ETFs), the price of Ether could reach $4,500, according to Arthur Cheong, founder and CEO of crypto-focused investment firm DeFiance Capital. X […]
Musk’s xAI Secures $6B in Series B Funding
xAI, the artificial intelligence venture of Elon Musk, has gained series B funding for $6 billion and could rival top competitors like ChatGPT by the end of 2024. Investors such as Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding participated in the […]
Argentina Draws Insight from El Salvador’s Bitcoin Adoption
The government of Argentina collaborates with El Salvador to gain insights from its experience adopting Bitcoin and other cryptocurrency-related activities. CNV announced that the National Securities Commission (CNV), the securities regulator of Argentina, and the National Commission of Digital Assets (CNAD), the regulator of El Salvador, met to discuss the adoption and regulation of cryptocurrencies […]
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 […]