According to #CoinDesk , #Aptos Labs has provided a $50,000 donation to Lorenzo Alvisi, a computer science professor at Cornell University who specializes in blockchain and #Web3 technologies. Research on secure, decentralized logs to scale #blockchain performance methods.

🚨🚨Ether Tumbles 6% as ETH ETF Hopes Dim Amid Regulatory Probe Reports‼️‼️

Ether $ETH tumbled as much as 6% Wednesday as hopes dimmed for regulatory approval of a spot-based exchange-traded fund #EthereumETF in the U.S.

The second-largest crypto asset by market capitalization sank to $3,200. Bitcoin $BTC the largest, dropped to around $62,000 after bouncing to near $64,000 earlier. The broad-market #CoinDesk 20 Index (CD20) fell 3%.

Ether's slide occurred after CoinDesk reported that network development organization #Ethereum(ETH) Foundation was under investigation by a "state authority." Shortly after, Fortune reported that the U.S. Securities and Exchange Commission (SEC) is waging a campaign to classify the Ethereum blockchain's native token as a security and started probing after Ethereum moved to a proof-of-stake network....

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#Write2Erarn #HotTrends

⚡Singapore-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC.

The crypto trader will also lay off 40% of its workforce as it feels the squeeze of the bear market.

Source: #CoinDesk

📢Crypto companies in France would have to seek authorization from regulators to operate if they are not already registered with the country’s financial regulator by Jan. 1, 2024, under plans adopted by lawmakers at the National Assembly on Tuesday.

Source: #CoinDesk

A #CoinDesk analysis shows crypto startups only raised $548 million last month.

The #FTX failure’s full impact on industry fundraising likely remains to be seen.

#crypto2023 #Binance #AltaafTheBinancia

#CZ : Binance won't buy #CoinDesk due to inadequate geographic coverage.
#BNB #Binance #czbinance

📢The Central Bank of #Turkey (CBRT) has conducted the first tests of its Turkish digital lira.

The monetary authority said it will conduct further trials in the first quarter.

Source: #CoinDesk

#Big

El Salvador is sitting on $12.6 million in unrealized profits on its bitcoin (BTC) investment after being in the red for two years, according to data from Nayibtracker. El Salvador holds a total of 2,798 bitcoin ($131.3 million). #CoinDesk

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📰🇺🇸 #NYSE and #CoinDesk Partner on #Bitcoin Options:

• The New York Stock Exchange is teaming up with CoinDesk to develop cash-settled options contracts based on the CoinDesk Bitcoin Price Index ( #XBX ).

$XRP spikes as #Grayscale Launches #XRP Trust in the U.S. - via #CoinDesk

Volatility Shares' leveraged Ether ETF will begin trading on June 4.

Volatility Shares 2x Ether ETF (ETHU) will be the first leveraged Ether (#ETH ) ETF available in the United States. The company announced in a statement on its website that trading will begin on June 4.

The launch will come approximately a year after the Volatility Shares 2x Bitcoin fund launched in June 2023.
Speaking to #CoinDesk , Volatility Shares Chief Investment Officer Stuart Barton said the company's success in gaining approval for its leveraged #Ether ETF could help pave the way for final approval for spot Ether #ETFs . Although the #SEC approved regulatory filings related to spot funds last week, it has not yet made a statement regarding the launch.
$BTC $ETH

☝🏻💵 Ethereum Could Run to $10,000 or
Higher This Year☝🏻💵💵

According to CoinDesk Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming

Ethereum (ETH) has been "largely overshadowed" by bitcoin (BTC) for the past several months, but the laggard could more than double in price in 2024, according to Juan Leon, crypto research analyst at asset manager Bitwise.

"[Ether] could very well go above $8,000, $10,000 this year, maybe even higher," said Leon in an interview with CoinDesk market daily.

$ETH #TrendingTopic #write2earn #CoinDesk #BinanceNews