Year: 2023

SUMMARY Goldman Sachs’ Head of Digital Assets, Mathew McDermott, anticipates that the approval of spot bitcoin and ether exchange-traded funds (ETFs) will stimulate increased institutional interest in the cryptocurrency market. According to McDermott, this approval would enhance market liquidity by introducing institutional products that don’t require direct handling of the underlying assets. He envisions a…

SUMMARY Trezor, the crypto hardware manufacturer, has expanded its support to include Solana (SOL) and Solana Program Library (SPL) tokens, responding to the rising interest and price surge of Solana. The company announced the integration on its social media platform X, emphasizing compatibility with its hardware wallets Model T and Safe 3. The Trezor Safe…

SUMMARY In a recent blog post, Grayscale highlighted the relevance of crypto to Americans, particularly in light of voter concerns about financial stability and inflation. According to a survey by The Harris Poll for Grayscale Investments, 73 percent of voters believe that U.S. presidential candidates should be well-informed about innovative technologies, including crypto. The survey,…

The cryptocurrency market is currently undergoing an exciting phase known as ‘altseason’. In this period, altcoins often outperform Bitcoin, reflecting a shift in investor sentiment and changes in market dynamics. Investors are diversifying their portfolios, exploring the growth potential of tokens beyond the dominant cryptocurrency. Notably, leading altcoins such as Solana (SOL), Polygon (MATIC), Optimism…

Bitcoin network transaction fees are once again on the rise following an extended period of dormancy. The current minimum transaction fee, as reported by Mempool, has surpassed 600 satoshis per virtual byte (sat/vB), equating to approximately $37. This surge in fees has led to the rejection of over 347,000 transactions. Furthermore, Mempool usage has not…

Title: “Dogecoin Eyes $0.2 Target as Profitable Addresses Hit 2-Year High – Analyzing DOGE’s Current Momentum” In recent days, Dogecoin (DOGE) has seen a modest surge, aligning with Bitcoin’s movement toward the $43K milestone. The increased buying interest during the current dip hints at a potential breakout for the meme coin. This positive momentum is…

REVISED VERSION Key Announcement: Changes in Polygon Labs’ Framework Strategy Polygon Labs is discontinuing contributions to its Edge framework, formerly known as Supernets, and shifting its focus towards the Chain Development Kit (CDK), a toolkit gaining adoption across various projects. Initially introduced as an open-source tool under the Apache License 2.0, Edge enabled the creation…

Mysten Labs has unveiled a revolutionary method enabling individuals to send and receive cryptocurrency via email, even if the recipient lacks a digital wallet. Founded by five former Facebook engineers two years ago, Mysten Labs aimed to complete projects initiated during their tenure at the social media giant. One of these projects focused on simplifying…

In a recent CNBC interview, Securities and Exchange Commission (SEC) Chair Gary Gensler discussed the agency’s reconsideration of spot bitcoin exchange-traded fund (ETF) applications, emphasizing the influence of recent court rulings. Historically, the SEC has consistently rejected applications for spot bitcoin funds. However, a pivotal moment occurred when a panel of judges, responding to a…

SUMMARY Bitcoin saw a nearly 3% rise on Wednesday as the Federal Reserve maintained interest rates within the anticipated range of 5.25%-5.50%. Concurrently, major stock indices posted gains in early afternoon trading following the Fed’s announcement. The Federal Open Market Committee adhered to analysts’ expectations, keeping the benchmark federal funds rate unchanged for the fourth…