Morgan Stanley discloses $188M in BlackRock Bitcoin ETF holdings
The investment firm disclosed to the SEC that it held more than 5.5 million shares of the iShares Bitcoin Trust in the second quarter of 2024.
The investment firm disclosed to the SEC that it held more than 5.5 million shares of the iShares Bitcoin Trust in the second quarter of 2024.
I was excited about the possibilities that cryptocurrencies promised a few years ago. Bitcoin was neat, but it wasn't until the programability of Ethereum was introduced that I really got excited. Initially, it looked like a way to cut out so many middlemen. Makers, builders, innovators, creators, servers, fairly well all workers would have a…
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According to a 2024 OnePoll survey of 2,000 adults, 52% of respondents said they were unaware of what blockchain gaming was.
Essential has successfully secured $11 million in Series A funding. The round was led by Archetype, with contributions from IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM, and Propeller Heads, and others. This funding will accelerate the development of Essential’s blockchain, which aims to revolutionize web3 by […]
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In a recent report, Coinshares and author Max Shannon examine the potential impact of the 2024 U.S. presidential election on bitcoin, with a focus on the policies and positions of former President Donald Trump and current Vice President Kamala Harris. Coinshares’ analysis suggests that the outcome could significantly influence the regulatory landscape for digital assets. […]
Fantom’s migration to Sonic is now underway, putting the platform under the spotlight which caused FTM, the native token of Fantom, to jump. According to CoinGecko, FTM gained more than 17% since last week, representing the hype their network migration caused within the community. Related Reading: Celestia (TIA) Gains 14% Following Network Upgrade Announcement The new Sonic Labs is poised to continue Fantom’s legacy as four core proposals are now underway for the eventual release of the Sonic mainnet. If passed, the proposals will provide users and developers with a smooth transition to the Sonic network once D-day arrives. Core Proposals Promise Smooth Transition To Sonic According to the Sonic Labs X account, four proposals will affect the user experience during the switch to the Sonic network. The most notable is the proposed one-to-one ratio between FTM and $S, the native token of the new network. The new token will act like the old FTM token, with 3,175,000,000 $S tokens on Genesis Day. With @MessariCrypto‘s Q2 2024 report, we looked back at the latest quarter in the world of #Sonic, including 4 governance proposals: 💵 190.5M $S Airdrop 🚀 $FTM to $S Compatibility 💰 Ongoing Funding 👥 Validators/Builders Let’s explore the report 👇 pic.twitter.com/Sypi35TTF4 — Sonic Labs (prev. Fantom) (@0xSonicLabs) August 13, 2024 As a general “thank you” gesture to Opera users, the platform will allocate over 190,500,000 $S tokens to airdrop. The airdrop also has safeguards to protect the market from a sudden influx $S tokens. It will have a burn mechanism that penalizes users who choose to claim their airdrop position on day 1, burning almost 100% to 88.9% of the tokens vested for the user. This gives users time to contribute to the overall on-chain activity while providing a guaranteed long-term gain. The new users are also eligible to receive the airdrop once the network is released. 4️⃣ Validators/Builders This proposal approved: ✅ Validator rewards migrated from Opera to #Sonic 🚀 Apps in GasM can earn up to 90% of gas with a new burn model 💰 Ecosystem Vault funds allocated to @SonicCouncil 🔒 14-day staking lock-up period 🔗 https://t.co/KCAtB2rm7t — Sonic Labs (prev. Fantom) (@0xSonicLabs) August 13, 2024 Funding for the new network is also secured as they allocate 47,625,000 $S tokens for running Sonic Spark and Sonic University, providing developers the know-how to build on the platform. To ensure zero wastage of the funds, Sonic will burn the remaining funds if not used within a specified time frame. For example, if only half of the whopping 47,625,000 $S tokens were used, the other half would be burned to protect the integrity of the network while ensuring the funds are not wasted. Validator rewards will also be migrated from Opera to Sonic to promote the use of the network while protecting $S from too much inflation in the first four years. FTM Price To Stabilize On This Level Ahead Of Sonic Network Launch As of press time, the token is struggling to flip the $0.3689 ceiling to support which is crucial for the bulls in the long term. Related Reading: AVAX Set For ATH? Analysts Predict Explosive Rise To $285 Although the token is seemingly slowing down, the market’s general positivity will pick up in the coming days, pushing bears off of the FTM market. This will open the opportunity to retake $0.3689 in the short term while providing the bears a solid support level to take $0.4855 in the long term. Featured image from Zipmex, chart from TradingView
I've been doing some research lately on crypto tax strategies, how to manage taxes through different entities, etc., and it sparked some thought. With the recent decision around the XRP lawsuit and how it isn't a security, why are crypto trades being taxed as if it were stock/security? There is barely any regulation around the…
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It took some doing, but I got Coinbase to admit that if they stop supporting Coinbase Wallet, everybody who has staked their Eth there loses it. Trust Wallet seems to be the same way, and even MEW doesn't seem to provide any reassurance that I can unstake & access my Eth in the event MEW…
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