Solana DEX Jupiter Reveals System Upgrades, Price Recovery?
Solana DEX Jupiter’s founder recently took to X to highlight important development updates to the platform’s main system. Will JUP price recover? Solana DEX Jupiter founder ‘meow’ recently took to X, revealing fundamental engineering changes to the DEX’s basic infrastructure. Today, May 8, the founder of Jupiter announced in a post that the Jupiter community […]
Legal Experts Review SEC’s Final Reply in Remedies Phase
Prominent crypto lawyers reviewed the SEC’s redacted remedies brief filing and discussed the potential consequences, casting doubt on the SEC’s allegations. The discourse surrounding the lawsuit between Ripple and SEC has gained momentum following the SEC’s submission to the court of its redacted remedies reply brief and supporting briefs. Specifically, James K. Filan, a prominent […]
Bitcoin-Based Apps Drive Miners’ Income
The increase in transaction fee revenue for Bitcoin miners can be attributed to new token protocols such as Ordinals and Runes. The fourth Bitcoin halving event has resulted in a 50% reduction in miners’ earnings. However, the increase in decentralized application (dApp) activity on the Bitcoin blockchain has sufficiently alleviated the financial burden on miners. […]
SEC Postpones Invesco Galaxy Ethereum ETF Decision until July
The SEC has postponed its ruling on the Invesco Galaxy spot Ethereum ETF until July 2024, extending the review of cryptocurrency products. The Securities and Exchange Commission (SEC) has announced yet another delay in the decision-making process for the Invesco Galaxy Ethereum ETF. The SEC currently intends to issue its decisions by July 5, 2024. […]
Bitcoin ETF Inflows Strong As Wall Street Hopes of Fed Rate Cuts
Bitcoin ETF inflows continue as Wall Street rises on hopes of Fed rate cuts and a ceasefire in the Hamas-Israel war. The week begins on a high note for Bitcoin investors, with US Bitcoin ETFs seeing net outflows of $217 million on Monday, May 6. However, this occurred as the leading three Wall Street indices […]