Uniswap DEX Captures 37% of Ethereum L2 Volume
Uniswap, the most widely used Layer 2 decentralized exchanges (DEXs) built on Ethereum, now accounts for approximately 37% of the total trading volume on L2. This represents a remarkable increase…
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SEC, Gary Gensler Viewed Ethereum as a Security for Over a Year, New Filings Reveal
While Bitcoin has been recognized as a commodity, the same cannot be said for Ethereum’s status, which has been more ambiguous due to its initial coin offering (ICO) in 2014.…
HK vs. US: China AMC Leads but Can’t Lift Hong Kong Spot Bitcoin ETFs to US Levels
Hong Kong’s debut of six spot bitcoin and ethereum exchange-traded funds (ETFs) garnered HK$87.5 million ($11 million) on their first day, April 30. However, these ETFs underperformed compared to their…
Bitcoin, Ethereum Investment Products See Outflows, Altcoins Defy Bearish Trend
Outflows in digital asset investment products continued for the third week in a row. The latest weekly outflow of $435 million marked the highest outflow since March. According to the…
Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations
The announcement of Eigenlayer’s airdrop, featuring non-transferable tokens and aggressive geo-restrictions, has sparked outrage among users who felt the allocated amount was minimal and the documentation confusing. Despite adding over…
China Asset Management Exec Anticipates Hong Kong Spot Bitcoin ETFs to ‘Exceed’ US Debut
With the debut of spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong trading on Tuesday, market observers are speculating about the potential demand for these ETFs in the…
SEC Launched Formal Investigation Into Ethereum’s Security Status Over a Year Ago, New Court Filing Shows
A new court filing claims that the U.S. Securities and Exchange Commission (SEC), led by Chair Gary Gensler, initiated a formal investigation into ethereum’s potential classification as a security more…
GBTC Reserves Dip Below 300,000 BTC Amidst 3 Weeks of Crypto Fund Outflows
Grayscale’s Bitcoin Trust (GBTC) has witnessed a significant reduction in assets under management, with the trust’s holdings now falling below the 300,000 BTC mark, a key milestone. Additionally, the latest…
SEC considers Ethereum unregistered security for at least a year: FOX Business
New insights into the SEC's investigation into Ethereum's status as a security and Consensys' legal challenge to the agency's claims. The post SEC considers Ethereum unregistered security for at least…
Ethereum spot ETF approval in May unlikely, says Justin Sun
TRON's Justin Sun shares his skepticism about the May approval of a spot Ethereum ETF, highlighting the crypto industry's regulatory challenges. The post Ethereum spot ETF approval in May unlikely,…
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