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SEC delays making a decision on the proposed Invesco Galaxy spot Ethereum ETF
SEC delays making a decision on the proposed Invesco Galaxy spot Ethereum ETF

The SEC set its next deadline to July 5, 2024 to approve or disapprove of the proposed spot ether ETF. Optimism for the SEC approving such a product has dwindled over the past few months

The Block·2024/05/06 22:04
Bitcoin miners are starting to feel the pinch
Bitcoin miners are starting to feel the pinch

The 7-day moving average of Bitcoin’s hash rate has dropped slightly since the halving, to just over 600 EH/s, but is still historically high. This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/05/06 20:46
SEC issues Robinhood Crypto with Wells Notice, citing alleged securities violations
SEC issues Robinhood Crypto with Wells Notice, citing alleged securities violations

Robinhood Markets said that the SEC has issued its crypto unit with a Wells Notice. The SEC told the company that it is anticipating filing an enforcement action over alleged securities violations.

The Block·2024/05/06 14:31
Flash
  • 17:51
    Next week, a large amount of tokens such as ONDO, CHEEL, CONX and others will be unlocked
    On January 13, Token Unlocks data showed that ONDO, CHEEL, and CONX tokens will see large unlockings next week, with:Cheelee (CHEEL) will unlock about 20.81 million tokens worth about $169 million on Jan. 13 at 8 a.m. Singapore time;Polyhedra Network (ZKJ) will unlock approximately 17.22 million tokens at 8:00 a.m. Singapore time on Jan. 13, representing 28.52 percent of current circulation and worth approximately $33.2 million;World Mobile Token (WMTX) will unlock approximately 16.04 million tokens valued at approximately $6.4 million on January 13 at 8 a.m. Singapore time;CYBER (CYBER) will unlock approximately 886,000 tokens at 10 p.m. Singapore time on Jan. 13, representing 3.81 percent of current circulation and worth approximately $2.7 million;Covalent X Token (CXT) will unlock approximately 26.9 million tokens at 8:00 a.m. Singapore time on January 13, at a ratio of 2.99% to current circulating volume, valued at approximately $2.5 million;Moonwell (WELL) will unlock approximately 38.54 million tokens at 8:00 a.m. Singapore time on Jan. 13, representing a ratio of 1.23% to current circulating volume and a value of approximately $1.8 million;Biconomy (BICO) will unlock approximately 7.5 million tokens at 8:00 a.m. Singapore time on Jan. 14, representing a ratio of 0.82% to current circulating volume and a value of approximately $2.1 million;Connex (CONX) will unlock approximately 4.33 million tokens at 8:00 a.m. Singapore time on Jan. 15, representing a ratio of 376.3 percent to current circulation and a value of approximately $85.8 million;Starknet (STRK) will unlock approximately 64 million tokens at 8:00 a.m. Singapore time on Jan. 15, representing a ratio of 2.65% to current circulating volume and a value of approximately $27.6 million;Sei (SEI) will unlock approximately 55.56 million tokens at 8 p.m. Singapore time on Jan. 15, representing a ratio of 1.32% to current circulation and a value of approximately $21.5 million;Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 p.m. Singapore time on Jan. 15, representing a ratio of 0.42% to current circulation and valued at approximately $11.8 million;Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 a.m. Singapore time on January 15, at a ratio of 0.61% to current circulating volume, valued at approximately $4.1 million;Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 p.m. Singapore time on Jan. 16, representing a ratio of 2.20 percent to current liquidity and a value of approximately $67.8 million;ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:30 p.m. Singapore time on Jan. 17, representing a ratio of 2.16 percent to current circulating volume and a value of approximately $17.3 million;Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8:00 a.m. Singapore time on Jan. 17, representing a ratio of 1.42% to current circulating volume and a value of approximately $9.6 million;Fusionist (ACE) will unlock approximately 1.8 million tokens at 8:00 a.m. Singapore time on January 17, at a ratio of 3.95% to current circulation, valued at approximately $3.3 million;OmniFlix Network (FLIX) will unlock approximately 15.31 million tokens at 8:00 a.m. Singapore time on January 17, at a ratio of 3.66% to current circulating volume, valued at approximately $1.5 million;UXLINK (UXLINK) will unlock approximately 26.56 million tokens at 8:00 a.m. Singapore time on January 18, at a ratio of 15.63% to current circulating volume, valued at approximately $33.2 million;Ondo (ONDO) will unlock approximately 1.94 billion tokens at 8:00 a.m. Singapore time on January 18, at a ratio of 134.21% to current circulation, valued at approximately $2.41 billion; QuantixAI (QAI) will unlock approximately 232,000 tokens at 8:00 a.m. Singapore time on Jan. 18, representing a ratio of 4.79% to current circulating volume and a value of approximately $19.6 million;Cloud (CLOUD) will unlock approximately 48.92 million tokens at 11 p.m. Singapore time on Jan. 18, representing a ratio of 27.18 percent to current circulating volume and a value of approximately $8.5 million;Hatom (HTM) will unlock approximately 2.55 million tokens at 8:00 a.m. Singapore time on January 18, at a ratio of 5.70% to current circulation, valued at approximately $2.5 million;Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 a.m. Singapore time on January 19, at a ratio of 1.89% to current circulation, valued at approximately $1.5 million.
  • 17:23
    FDIC Acting Chairman: The 'debanking' behavior towards the crypto industry is unacceptable
    According to CryptoSlate, the acting chairman of the Federal Deposit Insurance Corporation (FDIC), Travis Hill, recently admitted in a speech that the agency has "de-banked" cryptocurrency companies. He pointed out that some crypto-related businesses have lost banking services without any explanation, calling this practice "unacceptable". Travis Hill further stated: "The FDIC's long-term goal is to reduce the number of people without bank accounts. It is unacceptable to deprive law-abiding customers of their bank accounts." He also emphasized that the FDIC must ensure that no staff member should pressure banks into abandoning lawful customers. In addition, he criticized the FDIC's current attitude towards cryptocurrencies, believing that the agency is overly cautious and stifling innovation.
  • 17:10
    Data: A certain address has withdrawn 59,473 ETH from CEX and transferred it to a newly created wallet
    According to Whale Alert monitoring, a certain address has withdrawn 59,473 ETH ($194,806,773) from CEX and then transferred it to a newly created wallet.
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