Ethereum Gas Fees Hit 1-Year High Amid Memecoin Renaissance
Summary: Etherscan data showed the average cost of Ethereum transactions rose as high as $15 on May 4, a 1-year high. Gas fees on L2 networks also skyrocketed, particularly on…
Voyager Digital Plans To Start Repaying Creditors In The Coming Weeks
Voyager Digital may start distributing its remaining assets to creditors in the next few weeks. The announcement was made by Voyager’s Official Committee of Unsecured Creditors. The direct distribution plan…
FTX Gets Bankruptcy Court’s Approval To Sell LedgerX For $50 Million
The Bankruptcy Court of Delaware has authorized bankrupt crypto exchange FTX to sell its LedgerX. The derivatives trading platform is set to be sold to M7 Holdings LLC for $50…
$WSB Gains 155% After WallStreetBets Insider Returns Rugged Funds
A WallStreetBets’ insider who rugged WSB Coin has returned the funds he took from the project. $WSB lost more than 90% earlier today after insiders dumped more than half a…
SEC Ordered To Reply Coinbase Petition Over Clearer Crypto Rules In 10 Days
Summary: The U.S. Securities and Exchange Commission was ordered to respond to a complaint from crypto exchange Coinbase within the next 10 days, a court ruled on Wednesday. Coinbase filed…
Coinbase Shutters Bitcoin Backed Loans Starting May 10
Summary: Coinbase users will no longer be able to borrow up to $1 million using Bitcoin as collateral. The crypto exchange plans to shut down its Borrow program starting May…
crvUSD Stablecoin From Curve Finance Launched On Ethereum
Summary: Smart contracts for Curve Finance’s crvUSD stablecoin went live on Ethereum’s mainnet, the team shared via a Twitter update on May 3. “This is not finalized yet because UI…
Former OpenSea Executive Convicted In Insider Trading Case
OpenSea’s former product manager Nate Chastain has been convicted of wire fraud and money laundering. A federal jury in New York found Chastain guilty of using insider information to trade…
Binance’s Changpeng Zhao Says Banking Support Is Important For Crypto
Changpeng Zhao recently stated that believes that support from banks is the biggest challenge for crypto. The Binance Chief believes that traditional finance systems are important for furthering crypto adoption.…
BUSD Transactions Sink To 2021-Low
Summary: The number of wallets sending and receiving BUSD transfers slumped to a new two-year low on May 2, data from Glassnode showed. Declining trading activity comes after U.S. regulators…
Celsius Founder Alex Mashinsky Dismisses “Baseless” Allegations By NY AG
Celsius founder Alex Mashinsky has filed a motion to dismiss the complaint filed by the Attorney General of New York. The lawsuit accused Mashinsky of misleading and defrauding the investors…
Regulation and Beyond: Key Takeaways from Consensus 2023
Team EEA, in the guise of Executive Director Dan Burnett, Director of Technical Programs Chaals Nevile, and Director of Sales James Harsh, was on the ground at this year’s edition…
Pricey Ethereum Gas Fees Galvanizes Activity On EVM-Chains
Summary: Daily unique addresses on Ethereum Virtual Machine-compatible chains set a new all-time high of 6.77 million last week. Experts and on-chain say expensive gas fees pushed more users to…
Major Crypto Exchanges Push Back SUI Perp Listing, L1 Mainnet And Spot Trading Go Live
The core SUI team asked Binance, ByBit, KuCoin, OKX, and other crypto exchanges not to list perpetual trading contracts for the token that was issued today. At least four major…
Gemini’s Offshore Crypto Derivatives Exchange Goes Live In 30 Countries
Gemini has launched its offshore crypto derivatives trading platform in thirty countries. The Gemini Foundation is now offering BTC perpetual contracts to customers in qualified jurisdictions. The new exchange is…