🗞 CryptoNews of the Day 🗞
SEC: Ripple is “Well-Positioned To Pay a Significant Civil Penalty” of $1.95B: In a recent filing with the U.S. District Court for the Southern District of New York, the United States Securities and Exchange Commission (SEC) revealed its proposal for fines.
👉Details: https://coinmarketcap.com/academy/article/sec-ripple-is-well-positioned-to-pay-a-significant-civil-penalty-of-dollar195b
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Coinbase Will Store More Corporate and Customer USDC Accounts on Layer-2 Base: Max Branzburg, the Vice President of Coinbase, has announced plans for Coinbase to migrate a greater number of customer and corporate accounts holding the USD Coin (USDC) stablecoin.
👉Details: https://coinmarketcap.com/academy/article/coinbase-will-store-more-corporate-and-customer-usdc-accounts-on-layer-2-base
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SWIFT Successfully Conducts Second CBDC Sandbox Connector Test: SWIFT, the Society for Worldwide Interbank Financial Telecommunication, has unveiled the findings from the second phase of its sandbox testing for the central bank digital currency (CBDC).
👉Details: https://coinmarketcap.com/academy/article/swift-successfully-conducts-second-cbdc-sandbox-connector-test
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Grayscale Remains Positive on Spot Ether ETF Approval in May Despite Lack of SEC Engagement: Grayscale, a prominent cryptocurrency asset management firm, remains optimistic about the approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in May.
👉Details: https://coinmarketcap.com/academy/article/grayscale-remains-positive-on-spot-ether-etf-approval-in-may-despite-lack-of-sec-engagement
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Coinbase’s COIN Reaches November 2021 Highs as BTC Reclaims $70K Level: Coinbase, the leading US-based cryptocurrency exchange, is experiencing a surge in its stock price as Bitcoin and the overall crypto market is rallying.
👉Details: https://coinmarketcap.com/academy/article/coinbases-coin-reaches-november-2021-highs-as-btc-reclaims-dollar70k-level
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Base Network’s Total Value Locked Doubles to $2B, Driven by Memecoin Speculation: The Ethereum layer-2 network, Base, has experienced a significant surge in total value locked (TVL), doubling its TVL in less than a month to reach $2.13 billion.
👉Details: https://coinmarketcap.com/academy/article/base-networks-total-value-locked-doubles-to-dollar2b-driven-by-memecoin-speculation
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Layer-2 Blast’s DeFi Farming Game Crypto Valleys Surge in Popularity: Blast, an Ethereum layer-2 blockchain, is witnessing a surge in gaming activity, particularly from a game called Crypto Valleys.
👉Details: https://coinmarketcap.com/academy/article/layer-2-blasts-defi-farming-game-crypto-valleys-surge-in-popularity
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Coinbase Derivatives Plans To Launch Futures Trading for Dogecoin in Letter to CFTC: Coinbase Derivatives, a popular cryptocurrency exchange, announced its plans to introduce futures trading for Dogecoin, Litecoin and Bitcoin Cash on April 1.
👉Details: https://coinmarketcap.com/academy/article/coinbase-derivatives-plans-to-launch-futures-trading-for-dogecoin-in-letter-to-cftc
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Sweden's Central Bank Releases Final Report on e-Krona CBDC Pilot: Sweden's central bank, the Riksbank, has concluded its digital krona pilot project and released its final report, which primarily focuses on the offline functionality and user experience.
👉Details: https://coinmarketcap.com/academy/article/swedens-central-bank-releases-final-report-on-e-krona-cbdc-pilot
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Bitcoin Price Bounces After Federal Reserve Maintained Current Interest Rates: Bitcoin's price experienced a bounce after days of downtrend, following the U.S. Federal Reserve's decision to maintain interest rates at their current level.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-price-bounces-after-federal-reserve-maintained-current-interest-rates
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SEC Delays ARK 21Shares, Hashdex Ether ETF Decision, Bloomberg Analysts Believe Approval in May Unlikely: The United States Securities and Exchange Commission (SEC) has decided to delay its ruling on the proposed spot Ether exchange-traded funds (ETFs) by Hashdex and ARK 21Shares.
👉Details: https://coinmarketcap.com/academy/article/sec-delays-ark-21shares-hashdex-ether-etf-decision-bloomberg-analysts-believe-approval-in-may-unlikely
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Immutable, Polygon Partners With VC King River Capital To Launch $100M Gaming Fund: Immutable, Polygon Labs, and VC firm King River Capital have joined forces to launch a $100 million blockchain gaming investment fund called the Inevitable Games Fund.
👉Details: https://coinmarketcap.com/academy/article/immutable-polygon-partners-with-vc-king-river-capital-to-launch-dollar100m-gaming-fund
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SEC Sanctioned for Misconduct in Debt Box Crypto Case: A United States district court has imposed sanctions on the Securities and Exchange Commission (SEC) for engaging in misconduct in a lawsuit against Debt Box.
👉Details: https://coinmarketcap.com/academy/article/sec-sanctioned-for-misconduct-in-debt-box-crypto-case
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Solana Memecoin Slerf Accidentally Burns $10M of Presale Funds: A new Solana-based memecoin, Slerf, has lost $10 million after the project's developer accidentally burned a major portion of the token supply.
👉Details: https://coinmarketcap.com/academy/article/solana-memecoin-slerf-accidentally-burns-dollar10m-of-presale-funds
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Standard Chartered: ETH Could Hit $14,000 if ETF Gets Approval: Standard Chartered has predicted that Ethereum (ETH) could reach $8,000 by the end of this year and $14,000 by 2025.
👉Details: https://coinmarketcap.com/academy/article/standard-chartered-eth-could-hit-dollar14000-if-etf-gets-approval
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Blast-based Crypto Game Munchables Exploited for $63M: Munchables, a nonfungible token (NFT) game built on the Ethereum layer-2 blockchain Blast, has fallen victim to a significant exploit, resulting in a loss of $62 million.
👉Details: https://coinmarketcap.com/academy/article/blast-based-crypto-game-munchables-exploited-for-dollar63m
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London Stock Exchange Will Launch Crypto ETNs Tracking BTC and ETH on May 28: The London Stock Exchange (LSE) has announced its plans to launch exchange-traded notes (ETNs) for Bitcoin (BTC) and Ethereum (ETH) on May 28.
👉Details: https://coinmarketcap.com/academy/article/london-stock-exchange-will-launch-crypto-etns-tracking-btc-and-eth-on-may-28
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GAIMIN launches $GMRX today (26th March) on Bybit, Kucoin and Gateio at 10am UTC! 🚀
Gaimin is a business building web3 infrastructure and solving global compute power issues by empowering gamers to monetize their GPUs with real-world companies.
🗞 CryptoNews of the Day 🗞
Solana and Avalanche Lead Crypto Market Recovery: The crypto markets are showing signs of recovery after a sharp sell-off last week, with Bitcoin (BTC) reclaiming the $70,000 level.
👉Details: https://coinmarketcap.com/academy/article/solana-and-avalanche-lead-crypto-market-recovery
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Floki Inu Releases 2024 Roadmap, Includes Digital Banking Accounts: Floki Inu (FLOKI), a Shiba Inu-themed memecoin, has revealed its roadmap for 2024, outlining various initiatives focused on utility.
👉Details: https://coinmarketcap.com/academy/article/floki-inu-releases-2024-roadmap-includes-digital-banking-accounts
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CryptoQuant: Demand for Bitcoin ETF Could Increase as BTC Price Drops: CryptoQuant CEO Ki Young Ju has made a prediction regarding the spot Bitcoin exchange-traded fund (ETF) market.
👉Details: https://coinmarketcap.com/academy/article/cryptoquant-demand-for-bitcoin-etf-could-increase-as-btc-price-drops
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Polygon zkEVM Layer-2 Suffers Network Outage Due to Layer-1 “Reorg”: Polygon zkEVM, a Layer 2 network built on Ethereum, experienced a significant network outage that lasted over ten hours.
👉Details: https://coinmarketcap.com/academy/article/polygon-zkevm-layer-2-suffers-network-outage-due-to-layer-1-reorg
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Samson Mow: Bitcoin “Likely” To Touch $100K Before Halving: Bitcoin (BTC) has witnessed a significant rally in 2024, starting the year at $42,208 and surging to a new all-time high of $73,737 on March 14.
👉Details: https://coinmarketcap.com/academy/article/samson-mow-bitcoin-likely-to-touch-dollar100k-before-halving
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Memecoins, NFT Sent to BlackRock’s Ethereum Address After Firm Deposits $100M USDC On-chain: Blockchain analysts discovered one of BlackRock’s wallets after a deposit of $100 million in USD Coin (USDC) on the Ethereum blockchain.
👉Details: https://coinmarketcap.com/academy/article/memecoins-nft-sent-to-blackrocks-ethereum-address-after-firm-deposits-dollar100m-usdc-on-chain
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Japanese Game Developer Square Enix Invests in Web3 Games Platform HyperPlay: Square Enix, the renowned Japanese gaming publisher and entertainment company behind popular gaming franchises like Final Fantasy and Kingdom Hearts, has formed a partnership with HyperPlay.
👉Details: https://coinmarketcap.com/academy/article/japanese-game-developer-square-enix-invests-in-web3-games-platform-hyperplay
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ZkSync’s Matter Labs Will Tokenize $50M of Reserves with Sygnum Bank: Swiss-based digital asset bank Sygnum has tokenized $50 million for Matter Labs, the developers behind zkSync, a zero-knowledge layer-2 blockchain on Ethereum.
👉Details: https://coinmarketcap.com/academy/article/zksyncs-matter-labs-will-tokenize-dollar50m-of-reserves-with-sygnum-bank
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BlackRock To Launch Tokenized Asset Fund: The world’s largest asset manager BlackRock has filed with the U.S. Securities and Exchange Commission (SEC) to launch a tokenized asset fund.
👉Details: https://coinmarketcap.com/academy/article/blackrock-to-launch-tokenized-asset-fund
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Bitcoin Ordinals Collection NodeMonkes Briefly Surpasses BAYC in Market Cap: Bitcoin Ordinals project NodeMonkes has briefly flipped the Bored Ape Yacht Club (BAYC) in market capitalization on Monday.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-ordinals-collection-nodemonkes-briefly-surpasses-bayc-in-market-cap
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Fidelity Updates Ethereum ETF Application To Include ETH Staking: Financial services giant Fidelity plans to stake a part of the ETH if its spot Ethereum exchange-traded fund (ETF) application gets approved.
👉Details: https://coinmarketcap.com/academy/article/fidelity-updates-ethereum-etf-application-to-include-eth-staking
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Dubai’s Special Economic Zone DIFC Passes New Digital Assets Law: The Dubai International Financial Centre (DIFC) has announced the passage of a new Digital Assets Law and Security Law, as well as amendments to existing law.
👉Details: https://coinmarketcap.com/academy/article/dubais-special-economic-zone-difc-passes-new-digital-assets-law
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