The Data Act was first proposed in early 2022 and passed by the European parliament on March 14. The European Union (EU) legislators have reached an agreement to move ahead with the controversial Data Act that drew scrutiny from the crypto community earlier. The finalization of the deal was confirmed by EU’s Commissioner for Internal...Continue Reading

Weak derivatives metrics, and declining TVL and DApps use, put Ethereum bears in a better position to keep ETH price below $2,000. The price of Ether (ETH) faced strong resistance at $1,920 after a 17.5% rally between June 15 and June 22. Several factors contributed to the limited upside, including worsening macroeconomic conditions, the regulatory...Continue Reading

The deal includes an investment of $3.5 million, a Sony executive moving to Startale Labs and collaboration on new Web3 tools for mass adoption. Sony continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3.  On June 28, Sony...Continue Reading

Bloomberg’s senior ETF analyst believes BlackRock has an even chance of getting its Bitcoin ETF green-lit, as Grayscale looks more likely to win its case against the SEC. Investment management firm BlackRock has a 50% chance of getting its spot Bitcoin (BTC) Exchange Traded Fund (ETF) approved, says Bloomberg’s senior ETF analyst Eric Balchunas.  Balchunas’...Continue Reading

Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react. Bitcoin (BTC) miners are sending record amounts of BTC to centralized crypto exchanges. In a June 27 tweet, on-chain analytics platform Glassnode reported an all-time high in Bitcoin miner revenue sent to exchanges. Percent of...Continue Reading

Multiple buyers were reportedly eyeing up FTX’s stake in the AI firm that was being sold off to recover funds for creditors. The sale of FTX’s $500 million stake in artificial intelligence startup Anthropic has reportedly been put on hold, adding a potential delay to the bankrupt crypto exchange’s efforts to fill a $2 billion...Continue Reading

The lawsuit claims Daniel Friedberg made a series of payments to whistleblowers to stop them from exposing the “true fraudulent nature” of the exchange. FTX has filed a lawsuit against a former regulatory and compliance executive at the exchange, alleging he made a series of payments in attempts to prevent staff from blowing the whistle...Continue Reading

Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance. Sui Foundation — the team behind the Sui network and its native SUI token — has denied allegations that the firm unlocked SUI staking rewards and “dumped” them on cryptocurrency exchange Binance . The Foundation knocked back the claim in a five-part Twitter thread...Continue Reading

Michael Shaulov believes that while recent Bitcoin ETF filings could see new institutional money flow to Bitcoin, that in itself didn’t drive previous price surges. While an approved BlackRock spot Bitcoin (BTC) exchange-traded fund (ETF) will funnel new institutional money to Bitcoin, it’s going to be the retail investors that ultimately drive any significant price surges,...Continue Reading

Twitter users noticed thousands of Safe deployments to Optimism, leading to speculation that it may be an attack, but the developer of Worldcoin confirmed that this activity was merely an app migration. Worldcoin is the cause of a slew of Safe deployments to the Optimism (OP) network over the past week, according to a June...Continue Reading