Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout

The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent Thursday, blockchain surveillance and safety squads from Peckshield and Cyvers reported the […]

BlackRock CEO’s ETF comments boosts Ethereum (ETH) and Algotech (ALGT)

BlackRock CEO Larry Fink believes a spot Ethereum ETF is possible even if SEC designates ETH a security. Markets are upbeat amid this outlook despite current weakness. Meanwhile, investors eyeing new gems have identified new token Algotech (ALGT). BlackRock CEO Larry Fink has noted his bullish stance on Bitcoin, with the global asset management behemoth […]

CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern District of New York, accuses Kucoin of multiple regulatory breaches involving these digital assets. Kucoin’s Legal Battles Shine a Bright […]

Valkyrie co-founder says spot Ethereum ETF approval unlikely in May

Valkyrie co-founder and CIO Steven McClurg says a spot Ethereum ETF approval is unlikely in May. He says its likely a Litecoin or XRP spot ETF is approved before that of ETH. Steven McClurg, the co-founder and CIO of asset management firm Valkyrie, believes the US Securities and Exchange Commission (SEC) will not approve a […]

Whales gobbled up $94M of ETH as price sank to $1.6k

Ethereum whales used last week’s dip in prices to quickly accumulate thousands of ETH. Data shows 4 whale addresses bought $94M of ETH as Ether price fell to lows of $1,540. Ethereum price falling to under $1,600 last week provided an opportunity not to miss for four whales, blockchain sleuth Lookonchain has revealed. Ethereum whales […]

Volatility Shares aims to list its Ether Futures ETF on October 12

Volatility Shares plans to have its Ether Futures ETF (ETHU) open to investors on October 12.  The company listed its 2x Bitcoin-linked ETF (BITX) in July. While all eyes remain on the US Securities and Exchange Commission (SEC) with regard to the several spot Bitcoin ETF applications before it, market experts say the first Ethereum futures […]

Binance introduces zero-fee trading for BTC/FDUSD and ETH/FDUSD

Binance has added zero-fee trading for BTC/FDUSD and ETH/FDUSD pairs. Trading for the two pairs opens at 08:00 UTC on August 4, 2023. Binance has announced trading support for the First Digital USD (FUSD) stablecoin against both Bitcoin (BTC) and Ethereum (ETH). The exchange, the world’s largest by trading volume, will also provide zero-fee spot […]