The US Securities and Exchange Commission has approved 8 Ethereum spot ETFs.

On May 23, 2024, the US Securities and Exchange Commission (SEC) officially approved Ethereum spot ETFs.

The regulator approved 8 Forms 19b-4 filed by issuers. These include forms from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton. S-1 registration statements should now become effective. Typically, these forms undergo numerous amendments before final approval. This means the market may have to wait longer before Ethereum ETF trading begins.

 

Pepe Coin reached a new high despite a massive liquidation.

According to the latest data from CoinMarketCap, Pepe Coin's market capitalization has soared to $6.16 billion, surpassing Internet Computer Protocol to occupy the 20th position on May 23.

 

As mentioned above, despite significant selling pressure due to massive liquidations, the token reached a new ATH. This has further fueled market optimism towards Memcoin, which is why investors continue to actively monitor it for future gains.

Yesterday, the price of PEPE increased by 7.32% in the last 24 hours and stands at $0.00001438. Although PEPE started the day on a bearish note, trading in the red, the token's price soon rose to unprecedented levels.
 

MetaMask plans to add support for Bitcoin.

Coindesk, citing its own sources, reported that the MetaMask cryptocurrency wallet, associated with the Ethereum ecosystem, will begin to support operations with the first cryptocurrency in June. According to Coindesk sources, it is not yet known what strategy the developers will choose - direct support for the Bitcoin blockchain or create their own version of a synthetic (wrapped) Bitcoin, similar to Wrapped Bitcoin (WBTC). It is also unknown whether MetaMask will support the Ordinals or Runes protocols (analogs of NFTs for Bitcoin). Initially, the set of Bitcoin-related functions will be limited, but will gradually be expanded.

 

Donald Trump has fulfilled his promise to accept donations in cryptocurrency.

Donald Trump's presidential campaign has begun accepting donations in Bitcoin, Ethereum, Solana, and other digital currencies.

About two weeks ago, during an event to promote his Mugshot Edition NFT collection, the Republican candidate pledged support for the industry, contrasting it with the policies of incumbent President Joe Biden's administration. 

Trump also announced the opening of an account to accept donations in digital assets.

Amid the presidential campaign, criticism of the current government for its position on cryptocurrencies is growing. Cardano co-founder Charles Hoskinson said Biden wants to “kill the industry.”

ConsenSys CEO Joseph Lubin believes that the President-backed SEC led by Gary Gensler is deliberately hindering innovation in the United States, threatening the future of the country's financial system.

 

Ethereum's market capitalization has surpassed Mastercard and risen to 26th place in the world.

According to Odaily, Ethereum's market capitalization has grown to $443.8 billion, surpassing Mastercard's $427.3 billion and rising to 26th position in the global asset rankings. This significant increase in Ethereum's market value highlights the growing influence and acceptance of digital currencies in the global financial market.

 

Gala Games lost more than $200 million as a result of the exploit.

An unknown person issued and withdrew 5 billion GALA tokens of the Gala Games Web3 gaming platform worth about $210 million, according to Etherscan data.

The attacker was able to sell 600 million GALA through the decentralized exchange Uniswap. Against this background, the price of the asset fell by about 20% in less than an hour - from around $0.048 to $0.038 (CoinGecko). 

The hacker who hacked Gala Games returned ~5913 ETH to the project (approximately $22.1 million at the time of the transaction), which he gained from the sale of the stolen 600 million GALA.

The team converted the cryptocurrency back into native tokens.
 

The trader earned more than $2 million in less than 24 hours using the 1DOL token.

A user with the address sundayfunday.sol earned about $2.26 million from the new 1DOL token. Lookonchain analysts drew attention to this.

The trader spent 13 SOL ($2275) to buy 242 million 1DOL. After 8 hours, they were valued at $2.26 million. According to analysts, the token increased in price by 993 times.

Prior to this, the same address became the largest participant in the BOME presale. The user spent 421 SOL ($72,000) and received 1.43 billion BOME (about $40 million at the peak).

He sold 530 million BOME for 38,305 SOL ($7.66 million). Currently, the investor holds 894 million BOME worth about $10.5 million, remaining the largest HODLer of the token.

Earlier, another trader earned $46 million on PEPE as the meme coin reached its all-time high. He invested $3,000 in the asset about a year ago. During this time, the value of the meme token increased 15,718 times.

 

Mastercard has included 5 startups in its blockchain program.

Mastercard has announced the addition of five innovative startups to its blockchain and digital assets program.

Selected startups will collaborate with Mastercard to build and enhance blockchain applications, pushing the boundaries of digital payments.

The initiative underscores Mastercard's commitment to using blockchain technology for secure and efficient transactions. The selected startups will work on various projects such as asset tokenization, decentralized finance (DeFi) and digital identity verification. Mastercard will provide them with extensive resources, including access to its global network, expert mentorship and technology infrastructure.

 

Alex Labs froze $3.9 million in funds sent to CEX after the hack.

According to a post by Bitcoin Layer 2 development team Alex Labs, they have successfully frozen over $3.9 million worth of cryptocurrency that was stolen from the BNB Smart Chain bridge. According to the report, the attacker sent the stolen tokens to several different centralized exchanges (CEX), which allowed the funds to be frozen when the exchanges cooperated.

 

The Notcoin cryptocurrency has achieved outstanding success on Telegram.

According to Odaily, Telegram founder Du Rowe announced that Notcoin, a mini-program on Telegram, has reached 35 million active users in just a few months. The Notcoin cryptocurrency was minted on the TON blockchain and was listed on all major cryptocurrency exchanges yesterday. Notcoin users who originally played the game for fun can now exchange in-game currency for real money.