Crypto Publisher

📣 DWF Labs denies report that it did $300 million of wash trading on Binance last year Crypto trading and market-making firm DWF Labs denied reports that it engaged in $300 million of wash trading on Binance in 2023. "It has come to our attention that a recent article contains many allegations that we believe to be unfounded and that do not accurately represent our ethical business practices," DWF Labs said in its Telegram channel. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🪙 Ethereum Proposal by Vitalik Buterin Introduces Advanced Account Abstraction Features According to the Github summary, EIP 7702 emerges as a pivotal alternative to the existing EIP-3074, addressing key vulnerabilities by avoiding the use of soon-to-be obsolete opcodes and preventing ecosystem fragmentation. Designed to be forward-compatible with potential quantum computational advancements, it focuses on integrating seamlessly with EIP 4337, which is critical as quantum computing continues to evolve. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🪙 NYSE Arca withdraws Grayscale’s futures ETH ETF 19-b4 filing The US SEC reported a critical Grayscale withdrawal on May 7 that could have broad implications for spot Ethereum ETFs. Specifically, NYSE Arca withdrew a 19-b4 filing containing a proposed rule change through which it intended to list and trade shares of Grayscale’s Ethereum Futures Trust ETF. NYSE Arca withdrew the proposal on May 3, days before the SEC notice. The regulator would have been required to decide on the proposed rule change by May 30. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

💰 Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments Susquehanna International Group disclosed $1.3 billion of investments in spot Bitcoin ETFs in a May 7 13F filing. The company reported holding 17.3 million shares of Grayscale’s GBTC across three separate investments for a combined investment of $1.1 billion. Susquehanna additionally purchased 1.3 million shares of Fidelity’s FBTC worth $83.7 million, 583,049 shares of BlackRock’s IBIT worth $23.6 million, 560,832 shares of Bitwise’s BITB worth $21.7 million, and 508,824 shares of Ark 21Shares’s ARKB worth $36.1 million. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🇰🇷 South Korea’s winning party moves toward 💰 bitcoin ETF promise: report South Korea’s left-wing Democratic Party plans to request financial regulators to review the currently banned spot bitcoin exchange-traded funds, according to a South Korean news report. This signifies the party’s next step in its initiative to make spot bitcoin funds locally accessible. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🇺🇸 SEC delays making a decision on the proposed Invesco Galaxy spot 🪙 Ethereum ETF The U.S. Securities and Exchange Commission is delaying making a decision on next steps for the Invesco Galaxy Ethereum exchange-traded fund. "The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the agency said. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

💰 Crypto has been 'validated significantly’ with spot bitcoin ETF approval, says Pantera Capital exec This year's approval of spot bitcoin exchange-traded funds in the U.S. has provided substantial validation for the crypto industry, according to Pantera Capital general partner Franklin Bi, as the crypto venture capital firm is raising a new mega $1.25 billion fund. While Bi declined to comment specifically on Pantera's new fund, he told The Block in an interview that this is an opportune time for venture firms, in general, to raise new capital and position themselves to support emerging startups. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

📊 Crypto companies raise $2.5bn in first quarter Crypto companies raised almost $2.5 billion in venture capital investment in the first quarter of this year, representing a 29% increase in dollar value and a 68% higher deal count on a quarter-on-quarter basis, according to a research report compiled by Galaxy Digital. “After 3 consecutive quarters of declining deal count and capital invested, both rose in Q1,” according to the report, which also noted that alongside the big increase in deal count, which rose to 603, the amount of capital invested gained a comparatively modest 29%. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🆘 Cryptocurrency investor loses $70 million in six hours: Address poisoning attack A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth of Wrapped Bitcoin (WBTC). The incident, which unfolded over the course of around six hours, has sent shockwaves through the cryptocurrency community. According to a post by Lookonchain on the X, the unfortunate investor created a new address, “0xd9..,” and transferred a small amount of Ethereum (ETH), approximately 0.05 ETH, to this newly generated destination. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

📊 Crypto firms raised $2.5 billion in Q1, representing 29% quarterly increase Galaxy reported an assortment of VC investment data, including nearly $2.5 billion invested in the first quarter, on May 3. Crypto firms attracted funding across 603 deals during the period, representing 29% growth in dollar value and 68% growth in deal count quarter-over-quarter. The growth represents the first increase by both measures in three quarters, though Galaxy emphasized that future quarters will show whether the trend can continue. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus