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Web3 Markets in Infancy, Viewed as ‘Lottery’ by Investors, Says Finance Veteran

Web3 markets remain in their early stages, with many participants viewing them as a “lottery,” according to Artur Guliński, co-founder of Orbitt. This trend is particularly evident in blockchain ecosystems…

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Experts: Defi Thrives Where Banks Falter, Fragmentation a Hurdle

The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers…

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Crypto Teams May Exit Space Due to Ethereum Security Classification, Amina Bank Report Suggests

The classification of ethereum as a security poses not only risks to the entire crypto market, but it could also likely lead to many crypto teams exiting the space. This…

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Study: Q1 Spot-Traded Volumes of Top 10 Exchanges Nearly Double to $4.29 Trillion

In the first quarter of 2024, spot trading volumes of the top ten centralized exchanges (cex) topped $4.29 trillion, a 95.3% increase from the previous quarter. Despite facing legal challenges…

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Grayscale Investments Submits Revised Application for Spot Ethereum ETF

Grayscale Investments’ Chief Legal Officer announced that the firm has submitted a revised Form 19b-4 for spot Ether exchange-traded funds. The officer, Craig Salm, stated that investors are seeking access…

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Crypto Industry Players in Hong Kong Call for Swift Approval of Bitcoin ETFs

Authorities in Hong Kong have been urged to approve spot bitcoin exchange-traded funds in order to cement the region’s position as the financial hub of Asia. Industry participants believe that…

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Wyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs

The Wyoming governor, Mark Gordon, recently signed into law a bill that establishes a legal framework for regulating decentralized autonomous organizations under existing financial laws. The enactment of this law…

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