Biden Vetoes SEC’s SAB 121 Repeal
President Joe Biden of the United States has rejected a resolution aimed at overturning the SEC’s Staff Accounting Bulletin (SAB) No. 121.
CARV brings on Animoca Brands as strategic investor and node operator
SANTA CLARA, California, 31st May 2024, Chainwire
Immunefi: Hacks-related Crypto Losses Fall 12%
A recent report from blockchain security firm Immunefi revealed a 12% decrease in losses from fraud and hacks in the crypto industry compared to the previous year.
BlackRock Amends its S-1 Registration Statement
BlackRock submitted an updated registration statement for its proposed Ethereum fund, highlighting the ongoing efforts of financial firms to offer and trade similar products.
CFTC Commissioner: FIT21’s Implementation Will Be Slow
The implementation of the Financial Innovation and Technology for the 21st Century Act (FIT21) is expected to be a lengthy process, potentially taking several months or even years for coordination between regulators in the United States prior to the enforcement of the rules.
Sui and Atoma Bring the Power of AI to dApp Builders
Grand Cayman, Cayman Islands, 30th May 2024, Chainwire
Israel Starts a CBDC Experiment for Payments
Israel is looking to accelerate the development of its national digital currency, the digital shekel, through a collaboration with various service providers.
Gemini Distributes $2.18B to Earn Users
Crypto Exchange Gemini has initiated the reimbursement process for users of its defunct lending program, Earn.
Hashdex Drops its Spot Ether ETF Application
Investment manager Hashdex has withdrawn its application for a proposed spot Ether exchange-traded fund (ETF).
Native Stablecoins Swell on Sui as Agora Adds AUSD Stablecoin to Network
Austin, Texas, 29th May 2024, Chainwire
Inflows into Crypto-based Products Reach $1B
In the May 18 to May 24 period, cryptocurrency investment products experienced a significant inflow of $1.05 billion, marking the third consecutive week of positive trend, as reported by CoinShares.
Viral Meme Coin, Memeinator, Lists On Exchanges After Raising $7.7M
London, United Kingdom, 29th May 2024, Chainwire
Bernstein: The Crypto ETF Market Will Grow to $450 Billion
Bernstein forecasts that the total value of exchange-traded funds based on Bitcoin and Ethereum will reach $450 billion within the next two years.
BlackRock Funds Buy Shares of its Bitcoin ETF
In the first quarter of this year, BlackRock’s income and bond-focused funds purchased shares of the company’s own Bitcoin exchange-traded fund (ETF), according to regulatory filings.
ORACLE MEME Coin Presale Achieves $208,000 Milestone in Minutes
Lisbon, Portugal, 28th May 2024, Chainwire
