United States President Joe Biden said he vetoed the resolution because “he will not support measures that jeopardize the well-being of consumers and investors.” United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121. The controversial decision was immediately…
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The Turbo memecoin surged by over 2,000% in the last three months, sending its market capitalization above $600 million. A memecoin created using the popular OpenAI chatbot ChatGPT with an initial budget of $69 reached a valuation of $638 million over a year after it was first deployed. On May 28, prices for the memecoin…
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Bitcoin bulls have strong incentives to push the BTC price above $70,000 on May 31, but the clock is ticking. Bitcoin investors are typically bullish, and despite multiple failed attempts to sustain prices above $71,000, derivatives betting on $80,000 and $90,000 continue to proliferate. This behavior is driven by expectations of high-volatility events such as…
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Solana’s price has jumped by over 4.80% in the last 24 hours to reach an intra-day high of around $173 on May 29. After its latest climb, the cryptocurrency is looking to post 35-40% returns by the end of the month, its best since December 2023. SOL/USD four-hour price chart. Source: TradingView The uptick in SOL’s value…
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Football icon Cristiano Ronaldo is rolling out a new NFT collection with Binance commemorating different stages of his illustrious career. Cristiano Ronaldo will continue his Web3 foray by launching a new nonfungible token (NFT) collection with Binance commemorating his path from humble beginnings to football stardom. The collection, dubbed “Forever Worldwide: The Road to Saudi…
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Crypto scammers are desperately trying to hit it off with Canadians on dating apps and websites this summer. However, many hopeless romantics are paying a hefty price in the process. The Canadian Anti-Fraud Centre (CAFC) noticed an increase in two particular types of crypto scams targeting Canadian citizens — pig butchering, or romance scams, and…
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Ronin network, an Ethereum sidechain that hosts Axie Infinity and other games, is experiencing a resurgence with about 1.4 million daily active users. That puts it in second place across all blockchains, just behind Tron’s 2.2 million daily active users, according to Token Terminal. But the Ronin network only generated the 13th highest fee revenue…
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Argentina wants to learn from El Salvador’s experience of Bitcoin adoption and other cryptocurrency activities. The government of Argentina is working with El Salvador to learn from its experience of Bitcoin adoption and other cryptocurrency activities. Argentina’s securities regulator, the National Securities Commission (CNV), held a meeting with El Salvador’s National Commission of Digital Assets (CNAD)…
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Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive their S-1 SEC registration. In a second landmark decision this year, the United States Securities and Exchange Commission has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the country. The SEC approved…
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The upcoming 21,000 contract expiry is dwarfed by the significantly larger $4.3 billion options expiry on May 31, according to Deribit. Approximately $2.7 billion in Bitcoin and Ether options are set to expire on May 24, providing valuable insights into the crypto market sentiment. According to a post by Greeks.live on X, 21,000 Bitcoin options are…
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