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Judge Criticizes SEC Approval of Coinbase IPO in Pre-Motion Conference


Southern District of New York judge Katherine P. Failla called to attention the U.S. Securities and Exchange Commission’s (SEC) approval of Coinbase’s Initial Public Offering (IPO), hinting that the agency could have been more thorough. Failla expressed skepticism about the SEC’s...

Weekly NFT Sales Fall 4.33%, Bitcoin Burials NFT Fetches $1.68 Million


In the world of non-fungible tokens (NFTs), the sales figures have undergone a minor setback this past week, dipping 4.33% from the previous week, pulling in a total of $148.55 million. With Ethereum standing as an exception, four of the top five blockchains known for NFT sales have witnessed...

Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring


Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...

Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months


Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms. Data reveals that Lido Finance dominates...

The Flash Movie Trainwreck Reaches A New Low With NFTs


The Flash has been a disaster for DC and Warner Bros. The Ezra Miller-led superhero film is securing a record as one of the biggest box office flops in the business. There are a lot of factors that led us to that point, but Warner Bros. attempts to get any money out of the film before the...

The Fall of Multichain: A Tale of Unexpected Turbulence and Security Breaches


In an unforeseen chain of events that unfolded between May and July 2023, the CEO of Multichain, Zhaojun, was apprehended by Chinese authorities, destabilizing the blockchain project. The situation escalated when user assets began to be transferred to unknown addresses. From Seizure to Shutdown:...

XRP Falls Short of $1, But This Coin Can Hit $5, Raises $14.5 Million


Judge Analisa Torres issued a verdict on Thursday saying that US fintech company Ripple Labs did not break federal securities law via its sales of XRP on public exchanges, a huge victory for the firm that sent the price of XRP shooting higher. XRP/USD was last trading at its highest levels since...

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