Scott Cook

Ethereum was previously poised to surpass the milestone of $4,000. However, that was when the market was coming fresh from the Spot Bitcoin ETF announcements. Sentiments have transitioned since then, and the market is volatile. Not that volatility ever left the space, but it did show signs of settlement. Nevertheless, ETH’s most recent speculation has been revised with the best estimate of $3,400 in the short term or probably by the end of this month.

The Chief Executive Officer of Helius, Mert Mumtaz, has announced plans to launch the next mainnet version of Solana. It has been titled v1.18 and is all set to launch on May 27, 2024. The date is said to be tentative, contingent on how things work out until the very end. The goal of launching Solana’s next mainnet version is to address congestion concerns. For some time, it has affected the network’s efficiency and performance.

Find answer to what is Bitcoin and how to use this decentralized token. Bitcoin basics explained in detail before you step into the cryptocurrency world.

The United States Securities and Exchange Commission (SEC) has opted to defer its decision on Ethereum exchange-traded fund (ETF) proposals submitted by investment firms Grayscale and Franklin Templeton. The SEC’s decision marks a significant development in the quest to bring cryptocurrency-based ETFs to market and underscores the regulatory complexities surrounding digital assets within the traditional financial framework.

Bitcoin has a historical trend of seeing a surge in value after the Halving event. Similarly, analysts highlight that Dogecoin has a historical trend of tremendous gains in May. Meaning, the listed value could jump significantly in the next month, provided all factors align and the trend once again responds this year. An average gain during May has been 85%, with a maximum of 535%.

The management board of XTB proposes to allocate 75% of profit for dividends, translating to $195 million in total.

Binance, a prime cryptocurrency exchange, has taken $1.17 billion worth of coins from circulation, amounting to 1.3% of the contained asset. For Binance, this is part of getting over its 27th quarterly BNB token burn exercise.

Consensys has sued the Securities and Exchange Commission in support of the Ethereum framework. The company wants to make sure that Ethereum remains a vital and dynamic blockchain platform. They believe Ethereum is the foundation for advanced Web3 innovations, state-of-the art technologies, and out-of-the-box products.

The Federal Bureau of Investigation has advised U.S. citizens to utilize only cryptocurrency money services that adhere to current KYC and AML regulations. The American investigation agency has unambiguously conducted law enforcement actions against unlicensed crypto money services in accordance with federal law. Anybody using unlicensed crypto services will have to face legal consequences if the money includes illegal funds.

A person familiar with the development has said that Solana tokens were auctioned off by the administrators running the indebtedness of the FTX crypto exchange. It has been estimated that 2000 Solana tokens were sold this week, a person who preferred to be anonymous said. He disclosed this on the condition of anonymity since sales information is not yet public.