Coinbase recently voiced its objection to the SEC’s $2.6 billion budget request for the 2025 fiscal year. According to a statement provided to CryptoSlate on June 13, a Coinbase representative criticized the allocation of funds, stating that the SEC’s budget would primarily be used for enforcement purposes rather than for creating clear regulations in the
The European Banking Authority (EBA) recently introduced comprehensive guidelines focused on recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) under the Markets in Crypto-Assets (MiCA) regulation. These guidelines are crucial in maintaining compliance with regulatory requirements and ensuring the stability and reliability of the crypto industry in the EU. The guidelines
In a recent hearing before the Senate Committee on Appropriations, CFTC chair Rostin Behnam expressed the agency’s readiness to take on additional responsibilities in the crypto space. Despite concerns about the agency “biting off more than it can chew,” Behnam emphasized that regulating crypto commodities falls within the CFTC’s purview. He highlighted a regulatory gap
The Bitcoin market is witnessing a shift in investor behavior, with new short-term traders flocking to the scene while seasoned holders remain steadfast in their beliefs. The recent Bitfinex Alpha report sheds light on this interesting dichotomy, revealing that a new breed of investors is entering the market in pursuit of quick profits, while long-term
The recent decline in the price of Ethereum (ETH) to around $3,500 has sparked concerns among investors and traders. However, despite the current dip, analysts remain optimistic about the future of the second-largest digital asset in terms of market capitalization. Metrics such as negative exchange netflow and a low Relative Strength Index (RSI) indicate a
In the volatile world of cryptocurrency, Cardano stands out as one of the digital assets that continues to generate bullish expectations from crypto analysts. One such analyst, known as @Av_Sebastian on social media, has recently made waves by predicting that the price of Cardano could reach as high as $2. This optimistic outlook is largely
Parallel, a groundbreaking NFT-based card game powered by Ethereum, made a splash with its recent launch on the Epic Games Store. This strategic move places Parallel in front of a massive audience of over 270 million users, including 75 million monthly active users. The team behind Parallel Studios, consisting of industry veterans from renowned companies
In recent weeks, the native token of Ethena, ENA, has been experiencing significant selling pressure. This has caused the price of ENA to plummet to $0.73, marking its lowest price level since May 20th. The sudden drop in price has resulted in substantial losses for ENA stakers. According to data from Lookonchain, the largest ENA
Terraform Labs, a defunct crypto firm, has finally reached a settlement in its legal battle with the Securities and Exchange Commission (SEC). The SEC alleged that Terraform and its co-founder, Do Kwon, engaged in fraudulent activities related to the defunct Terra blockchain. The settlement requires Terraform to pay a staggering $4.47 billion fine, comprising of
Gamee, a hypercasual gaming ecosystem under Animoca Brands, initially operated its games on the social app Telegram. However, the recent surge in activity within the network can be attributed to several factors. A pivotal moment took place when Polygon was hacked for $15 million in early 2024, prompting the transfer of Gamee’s GMEE token to
