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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Over $280 million in short liquidations as ether rallies on renewed ETF optimism
Over $280 million in short liquidations as ether rallies on renewed ETF optimism

Volatility in the crypto market has caused over $280 million in short liquidations over the past 24 hours.Ether positions saw almost $98 million in liquidated shorts after ETH surged over 22% in a day.

The Block·2024/05/21 14:37
Do potential spot Ethereum ETF approvals signal a shift in US crypto policy?
Do potential spot Ethereum ETF approvals signal a shift in US crypto policy?

Analysts dramatically raised the odds of spot Ethereum ETF approvals yesterday amid signs of a 180 from the Securities and Exchange Commission.Last week’s Senate vote to overturn the SEC’s Staff Accounting Bulletin 121 could be behind a potential emerging alliance between Wall Street, crypto and Washington.

The Block·2024/05/21 14:01
Ether futures open interest hits record $14 billion on centralized exchanges
Ether futures open interest hits record $14 billion on centralized exchanges

Open interest for ether futures on centralized exchanges has reached a new high — hitting $14 billion.The rise in open interest coincides with an 18% increase in the price of ether to $3650 in the last 24 hours.

The Block·2024/05/21 13:22
The Week Onchain Newsletter:A Macro Reset
The Week Onchain Newsletter:A Macro Reset

Glassnode insights·2024/05/21 12:43
Flash
  • 00:57
    A trader sold 565,000 VIRTUAL coins half an hour ago, worth 1.73 million US dollars
    According to Onchain Lens monitoring, about half an hour ago, a trader sold 565,000 VIRTUAL tokens at an average price of $3.07 USD each, in exchange for 1.73 million USDC. This trader received these VIRTUAL tokens from the Distributor wallet a year ago.
  • 00:54
    Canary Capital submits revised S-1 document for Litecoin ETF
    Bloomberg ETF analyst James Seyffart posted on the X platform that Canary Capital's Litecoin ETF has submitted a revised S-1 document, which may indicate that the SEC is paying attention to this application, but it has not yet submitted a 19b-4 document, which is a key step in initiating approval/rejection procedures. Previously, Bloomberg ETF analyst Eric Balchunas said he heard that the S-1 application form for the Litecoin ETF had received a response from the SEC.
  • 00:51
    Vitalik comments on Soneium blacklisting some Meme coins: This is a chain rule set by enterprise-level L2
    Vitalik commented on his social platform about the incident of Soneium blacklisting some Meme coins, stating that Soneium's situation vividly demonstrates the benefits of launching Ethereum L2 for businesses and users. Companies can make very detailed choices about how much control to retain and give to users. But whatever rules they choose, those are the rules. Everything is on-chain, transparent, and can be audited by a third party. Developers can also create a system that lets users know they can send transactions on L2 when needed, but there's a big obstacle - sorters can limit but not censor. This is essentially what Sony did. It's all free market at work. As an ecosystem, it needs to ensure: A large amount of financial activity takes place in a completely open environment;There are enough tools available for users to understand the properties of their on-chain environment. Previously reported news caused controversy as Sony Layer2 project Soneium blacklisted some Meme coins suspected of infringing intellectual property rights on its mainnet launch day. This resulted in some tokens being restricted from trading and unsupported by official block explorers.
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