Those filings, called Form 19b-4, are filed to inform the SEC about a proposed rule change and are among the documents that need the agencyâs greenlight before spot ethereum ETFs can become effective.Â
#The previous week saw a generally upbeat trend for ETFs in the US, recording a net inflow of 1,318 BTC. Meanwhile, in Asia, Hong Kong funds have maintained stability since their late April launch, collectively holding 4,257 BTC, showing a minor increase from the previous week's 4,218 BTC.
đ Exciting News! Inference Labs has raised $2.3 million in pre-seed funding to bring revolutionary changes to AI with Proof-of-Inference, starting with liquid restaking & $TAO #bittensor #DecentralizedAI #ETHETFS #CryptoWatchMay2024
$Introducing GRVT Airdrop, Gravity is a revolutionary self-custodial crypto hybrid exchange. Imagine the seamless user interface of Robinhood, but with the added benefits of decentralization and self-custodial funds, akin to Uniswapâs model.Â
We listed Renzo airdrop on our website almost a month ago. Those you participated in the airdrop program can now enjoy massive airdrop rewards upto $10,000. Renzo will soon start trading on #binance
Thank you to all the participants and followers. Keep an eye on the website for more such airdrops.
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It's important to understand that a Bitcoin price increase post-halving is not guaranteed. Given the highly anticipated nature of these events, if a price surge were a certainty, rational investors would likely buy in advance, driving up the price before the halving occurs.
This brings into question frameworks like the Stock-to-Flow model. While it creates visually appealing charts by correlating scarcity with price increases, the model overlooks the fact that this scarcity is not only predictable but also widely known in advance.
This is corroborated by looking at other cryptocurrencies with #similar halving mechanisms, such as Litecoin, which has not consistently seen price appreciation post-halving. This suggests that while scarcity does sometimes influence price, other factors also play a role.
Intent execution network dappOS has secured $15.3 million in Series A funding, led by Polychain, valuing the company at $300 million. Previously, dappOS was part of Binance Incubation Program Season 5 in December 2022 and received seed investment from Binance Labs, Sequoia China, and other investors in July 2023.
Are regulatory changes in Europe reminiscent of a 1984-style scenario, or are they simply standard developments? Could the EU be inclined to fully adopt cryptocurrencies?
U.S. Government Charges KuCoin with AML ViolationsÂ
One of the worldâs top cryptocurrency exchanges faces new criminal charges from the U.S. government.Â
On Tuesday, U.S. federal prosecutors in Manhattan formally charged KuCoin and its two founders (both Chinese nationals) with violating U.S. anti-money laundering (AML) laws. Prosecutors allege that KuCoin operated in the U.S. without proper registrations, failed to maintain appropriate KYC and AML programs, and lied to investigators about its U.S. operations.Â
1. **Promotional Tool**: Airdrops are often used as a marketing tactic by blockchain projects to increase awareness, attract new users, and stimulate adoption of their token or platform.
2. **Distribution Method**: Airdrops involve the free distribution of tokens or coins to individuals who meet certain criteria, such as holding a specific cryptocurrency in a compatible wallet or participating in specific activities like social media engagements.
3. **Types of Airdrops**: There are different types of airdrops, including standard airdrops where tokens are distributed for free, bounty airdrops where users perform tasks in exchange for tokens, and hard fork airdrops where holders of a specific cryptocurrency receive tokens from a new blockchain fork.
4. **Purpose**: Airdrops can serve various purposes, such as rewarding early adopters, building a community around a project, incentivizing certain behaviors (e.g., staking or liquidity provision), or redistributing tokens to increase decentralization.
5. **Regulatory Considerations**: While airdrops are generally seen as a way to distribute tokens fairly and transparently, there can be regulatory implications depending on the jurisdiction and the nature of the tokens distributed. Projects and participants should be mindful of compliance requirements, especially regarding securities laws and tax obligations.
Kudos to the Ethereum community for the recent Dencun upgrade, featuring Proto-Danksharding. Following the update, gas costs for posting Chainlink oracle reports on L2 rollups like Arbitrum, Base, and Optimism plummeted by as much as 99%.