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Ethereum’s supply turns deflationary amid a decrease in validator participation and declining NFT and defi transactions. The recent dynamics of Ethereum’s blockchain network signal a significant shift towards deflation, according to data from Glassnode. This is driven by a combination of reduced validator participation and increased network activity. A notable increase
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Grayscale officials had previously met with the US SEC representatives to the division of trading and markets to discuss the proposed rule to list and trade GBTC under NYSE Arca. After the United States Department of Treasury purged Binance Holdings Ltd’s operations in the country, the pathway for spot Bitcoin exchange-traded
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Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs, according to press releases shared Tuesday. Source
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Yearn.Finance's governance token (YFI) plummeted over 43% in just five hours on Nov. 18 after rallying almost 170% early in the month, stirring fears about a possible exit scam. During the dramatic drop in value, over $300 million was wiped out in market capitalization from November's gains, according to data from
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The internal discord at OpenAI appears to be escalating, with the removal of Sam Altman announced by the company, citing a lack of confidence. Shortly after, OpenAI co-founder and president Greg Brockman revealed his exit from the organization.Brockman announced his resignation on X (formerly Twitter), citing recent developments and expressing pride
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The approved plan allows Celsius to distribute approximately $2 billion worth of Bitcoin (BTC) and Ethereum (ETH) and some shares of the new company to users who were unable to withdraw their funds The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of
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Celsius Network is revamping into a Bitcoin mining company, promising customer repayments and an exit from bankruptcy. Cryptocurrency lending platform Celsius Network has secured court approval to transition into a Bitcoin mining company owned by its creditors. This development is part of a comprehensive strategy to compensate account holders whose funds
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The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo.Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on Nov. 9
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Bitcoin has been on a winning streak for the better part of October and the multiple surges since then have pushed the
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