Six companies updated their spot Ethereum ETF S-1 registration statements on May 31, with 21 Shares notably dropping Ark Invest from its filing. The relevant filing renames the “Ark 21Shares Ethereum ETF” to the “21Shares Core Ethereum ETF.” It also removes all mention of Ark Invest from its text, whereas previous submissions described Ark Invest
The post 21Shares drops Ark from ETH ETF as remaining applicants meet SEC deadline appeared first on CryptoSlate.

Onchain Highlights DEFINITION: Total transaction fess are the total amount of fees paid to miners. Issued (minted) coins are not included. Bitcoin’s total transaction fees surged notably earlier in 2024. Following the halving event in April, fees have seen a marked increase, momentarily reaching record highs. This rise is largely attributed to the introduction of
The post Surging Bitcoin fees post-halving highlight new revenue dynamics for miners appeared first on CryptoSlate.

US President Joe Biden has vetoed congressional resolution H.J. Res.109, which seeks to repeal the US Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No.121, a controversial guidance measure that is widely viewed as anti-crypto. Interestingly, Biden’s action comes amidst rumors that the incumbent government was posturing to gain the favor of crypto voters

Dogecoin was one of the best-performing assets in the crypto market in the past month, outshining blue-chip cryptocurrencies like Bitcoin. According to data from CoinGecko, the meme coin’s price rose by more than 26%, while BTC increased in value by approximately 19% in May. However, the latest on-chain data shows that investors have still not

Hong Kong, a financial hub with a burgeoning interest in cryptocurrency, is undergoing a regulatory shakeup. The Securities and Futures Commission (SFC) has flexed its muscles, forcing unlicensed crypto businesses to exit the market and tightening the grip on those seeking licenses. Related Reading: Changing Of The Guard? NYSE President Acknowledges Bitcoin’s Staying Power Unlicensed

Bitcoin sharks and whales are relentless in accumulating the flagship crypto despite its unimpressive price action. These categories of investors are seen to have increased their Bitcoin positions in the last five months. This is undoubtedly bullish for the Bitcoin ecosystem and could soon have an effect on Bitcoin’s price.  Related Reading: Elon Musk Shuts

In a landmark case highlighting the perils of unchecked cryptocurrency investments, Rashawn Russell, a former investment banker, has been sentenced to 41 months in federal prison. The Eastern New York District Court handed down the sentence after Russell pleaded guilty to wire fraud and identity theft, marking a significant crackdown on digital asset fraud. Related

A new crypto report has disclosed that the number of people who own digital assets has surpassed 6.8%. This surge in adoption comes ahead of the highly anticipated crypto bull run, with many seeing cryptocurrencies as a valuable form of investment.  Crypto Adoption Skyrocket In 2024 On May 24, digital asset service provider Triple A

The Shiba Inu (SHIB) ecosystem had an event-filled week with several developments surrounding the meme coin. These developments again highlighted the mixed sentiment towards Shiba Inu (SHIB), with the crypto token running the risk of declining further from its current price level.  Shibarium Sees Spike In Total Value Locked Data from DeFiLlama shows that the

Hong Kong, a financial hub with a burgeoning interest in cryptocurrency, is undergoing a regulatory shakeup. The Securities and Futures Commission (SFC) has flexed its muscles, forcing unlicensed crypto businesses to exit the market and tightening the grip on those seeking licenses. Related Reading: Changing Of The Guard? NYSE President Acknowledges Bitcoin’s Staying Power Unlicensed