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John E. Deaton has commended Coinbase’s filing in case with the SEC. Deaton praised other lawyers he met on Twitter, including Ripple’s legal team and Paul Grewal. Coinbase filed a “motion for judgment on the pleadings” under Rule 12c. Foremost crypto lawyer, John E. Deaton, has praised the filing by Coinbase’s lawyers in the ongoing case between the crypto exchange and the Securities and Exchange Commission (SEC). Deaton commended their efforts while acknowledging other legal experts he met on Twitter, including Ripple’s legal team and Paul Grewal. The other day I said I’ve met great lawyers on @Twitter and in crypto. @s_alderoty and the @Ripple Defense team have been outstanding. @iampaulgrewal and his @coinbase legal squad are also incredible. The Coinbase filings are a legal work of art. Crypto will win the long game. https://t.co/2pIsgnobgT — John E Deaton (@JohnEDeaton1) June 30, 2023 In their opening, Coinbase’s lawyers informed Judge Failla that ...

Join Our Telegram channel to stay up to date on breaking news coverage Melania Trump, the former first lady of the United States and wife to former President Donald Trump, has finally landed in the nascent non-fungible token space. The former first lady has launched a new NFT collection to celebrate Independence Day inspired by U.S. landmarks. Melania Trump Drops An NFT Collection In a June 29 blog post, Melania Trump confirmed launching a new non-fungible token collection on the Solana network. The new NFT collection Features a limited edition of 1,776 NFTs, “the year of independence.”Mrs. Trump’s NFT collection comprised images from across the United States. The 1776 Collection Six Limited Edition Collectables Available Exclusively at https://t.co/kAenWUwxQ1#USAmemorabilia #NFTs#The1776Collection #IndependenceDay pic.twitter.com/euYySvvRcD — USAmemorabilia (@USAmemorabilia) June 29, 2023 The new NFT collection will include the Statue of Liberty,...

MicroStrategy, the business intelligence firm known for its strategic investments in bitcoin (BTC), continues to make waves in the market. Recently, the company made headlines again by acquiring an additional 12,333 BTC, further bolstering its already impressive holdings.  Recently reported by crypto.news, this move raises the question: is MicroStrategy reaping the rewards and making a profit from its bitcoin investment ? You might also like: Largest ETF manager in Hong Kong analyzes crypto possibilities To shed light on this matter, JA Maartun, a community manager and verified author at CryptoQuant, provided clear insights into MicroStrategy’s current bitcoin holdings. CryptoQuant highlighted the report in a recent tweet. Is $MSTR making a profit from their Bitcoins? What are the total $BTC amount, costs, and the current value of #Bitcoin held by MicroStrategy? @JA_Maartun created a dashboard to track the stats. Thread https://t.co/XfuPZUr581 — CryptoQuant....

$FUMO experienced an impressive start to its life cycle, as CoinMarketCap reports a market cap exceeding $13.3 million.  Experts are expressing optimism regarding the growth potential of Alien Milady Fumo. The $FUMO token value is believed to double by the end of 2023, making it an attractive investment opportunity for traders and investors seeking significant returns. Upon its launch on its website at 6 p.m. EST on June 22, 2023, the $FUMO token experienced exceptional demand. In just under three hours, the value of the token skyrocketed to over $60,000, surpassing both the prices of the Unisocks token and Bitcoin. This surge has captured the attention of investors and traders alike. What is Alien Milady Fumo ($FUMO) Alien Milady Fumo ($FUMO) is a brand-new meme token launched by the Remilia Corporation, a digital art collective renowned for its innovative NFT projects centered around the Milady brand. FUMO utilizes blockchain technology to establish a network among all user...

Despite the previous year of implosions and the cluster of hacks and scam schemes dominant within the crypto space, a recent survey reveals that 20% of French residents are likely to invest in crypto currencies. The survey was part of a broader study by Ethereum-based software technology company ConsenSys. The recently-released study, dubbed “Global Survey on Crypto and Web3,” highlights data from YouGov and provides updated insights on global crypto reception. The France-specific study surveyed over 1,000 French residents between the ages of 18 and 65 from April 26 to May 10. The study reveals that one out of five respondents announced plans to invest in cryptocurrencies. This translates to 20% of the participants. You might also like: France seeks way for fast-track crypto licenses as EU approves MiCA With such an encouraging number of participants considering crypto currency investments, this suggests a growing interest and potential for increased adoption o...

More than $125 million worth of ARB tokens had been handed out to Arbitrum’s ecosystem DAOs in April. The initial expectation was that DAOs would distribute ARB tokens to wider community members, Steven Goldfeder, CEO at Offchain Labs, told Blockworks in an earlier interview.  Now, two months following the airdrop , venture capital firm Castle Capital has taken a look at where these ARB tokens have been allocated in a detailed research report.  The report shows that GMX, Uniswap, SushiSwap and Curve — some of the largest ARB token holders —  have not used their tokens or made any significant plans with the tokens.  In fact, more than 80% of the airdrop ped tokens to DAOs have not been used, Castle Capital noted in a tweet.  But not all ARB tokens are sitting stale. “12.9 million tokens have been used either through redistribution to respective communities, runway extension, elsewhere in DeFi, for incentives, or to create POL,” Castle Capital tweeted. Projects such as native as...

In a recent Twitter post, Benjamin Cowen compared ADA’s performance in the current bear market to the previous one. A notable trend of diminishing losses as a function of time was evident. At press time, ADA was trading at $0.282 following a price drop of more than 2%. Yesterday, the CEO and founder of ITC Crypto, Benjamin Cowen, pointed out in a tweet that Cardano (ADA) is performing better in the current bear market than in the previous cycle between 2018 and 2020. This could suggest that ADA investors will be less impacted in the current bear market than the previous bearish cycle. ADA market cycle peak ROI (Source: Twitter) In his post, the CEO included a snapshot of ADA’s ROI. The blue line in the graphic depicted the bear market from January 2018 to March 2020, while the orange line represented the current bear market that started in September 2021. A notable trend of diminishing losses as a function of time was evident in the orange line. T...

As the price wobbles at $1,865 and traders usher in the European session, Ethereum price is facing two conflicting scenarios. advertisement Reclaiming resistance above $1,900 could clear the path to $2,000. On the flip side, losing support at the 100-day Exponential Moving Average (EMA), which is grounded at $1,800, might leave ETH vulnerable to declines targeting lower likes such as $1,730 and $1,600. Ethereum Staking Accelerates Post-Shapella Upgrade According to blockchain research platform Messari, Ethereum staking has been improving since the Shapella upgrade, which occurred in April. Before this network update that allowed investors to freely stake and unstake Ether, “staking growth was slow and perceived as riskier.” However, market conditions changed and improved drastically following the implementation of the Shapella upgrade. Users now have the freedom to “comfortably stake and unstake ETH,” thus accelerating the rate of stakin...

Lookonchain reported this morning that a whale transferred more than 700 million JASMY to Gate.io. At press time, JASMY was trading at $0.0004454 following a 0.49% price rise. JASMY’s price could fall in the next few days as a bearish pattern has formed on its daily chart. The on-chain analytics form, Lookonchain, revealed in a tweet earlier today that a whale has transferred millions of Jasmy Coin (JASMY) to an exchange. According to the post, a whale who calls himself “Jasmy Deployer” deposited more than 700 million JASMY, worth around $3.43 million, to Gate.io just a few hours ago. This particular whale is a big player in the crypto space as it held almost 5% of JASMY at the start of June. As such, any move made by the whale may be reflected in the price of the altcoin. There could be a price drop in the near future for JASMY as the whale may look to offload some of its holdings. If this transfer is related to market making, however, then the possible ...

Join Our Telegram channel to stay up to date on breaking news coverage The integration of blockchain technology and artificial intelligence (AI) has witnessed a significant breakthrough with the linkage of Hedera‘s native cryptocurrency (HBAR) and ChatGPT. This integration leverages the decentralized Features of blockchain networks, facilitating ChatGPT to securely interact with the Hedera network, and utilize its components such as Hedera Consensus Service, Smart Contract Service, and Hedera Token Service. Ed Marquez, a developer, shared instructions for crafting the plugin via Twitter, emphasizing on the Hedera accounts’ token balances. As stated by Marquez, a network explorer can be used by users to view account balances, or they can programmatically obtain them through the mirror node Rest application programming interface (API) that the plugin employs. The data returned regarding HBAR is provided in tinybars (tℏ), with one ℏ being equivalent to 100,000,000 tℏ. ...

Resurfaced video from BlackRock CEO ignites discussions in the crypto community. In the tape, the CEO said its website hits 3k for monetary policy and 600k for Bitcoin. Experts express optimism about the potential implications of BlackRock in BTC. A resurfaced tape from two years ago featuring Larry Fink, the CEO of BlackRock, has sparked discussions within the crypto community, shedding light on the asset management giant’s interest in Bitcoin. The Twitter post quoting the BlackRock CEO showcases his acknowledgment of Bitcoin’s increasing attention and allure among the masses. Fink revealed that while its website received 3,000 hits for monetary policy, it garnered a staggering 600,000 hits for Bitcoin. Entrepreneur Alex Kruger quoted-tweeted the CEO’s video, commenting “May not be going to zero after all.” May not be going to zero after all https://t.co/UvdDCpJV2M — Alex Krüger (@krugermacro) June 25, 2023 Further input from enthusi...

Bankrupt crypto lender BlockFi expects to grant customer withdraw als this summer upon the successful completion of essential testing to verify accurate account balances. In an email sent on Monday, customer s were informed that BlockFi received court approval on May 17 to update user interfaces. This is a necessary step to make it easier for clients to withdraw their funds, the firm added. The digital assets contained within the custodial omnibus wallets, as of the platform pause, do not belong to BlockFi, Judge Michael Kaplan said in the May court order. “BlockFi needs to build new product functionality and make changes to the platform in order to process these withdrawals,” the lender said, according to screenshots of the email posted to Twitter. “We anticipate that this work and the necessary testing will be completed by this summer. At that time, we will be in a position to begin making distributions to clients.” Blockworks has reached out to BlockFi for comment on the ti...

The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application. The bid for the first Bitcoin (BTC) spot exchange -traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application, with both former applicants and new players seeking permission from the U.S. Securities and Exchange Commission (SEC) to list a crypto ETF. Although it’s unclear whether the SEC will finally allow a Bitcoin ETF, BlackRock’s initiative appears to have “breathed new life into the race” amid the ongoing crackdown on the crypto industry. Other headline news includes Wall Street titans backing a newly launched crypto exchange despite the current regulatory landscape. The newcomer is EDX Markets, supported by names such as Citadel Securities, Fidelity Investments and Charles Schwab — among others. Meanwhile, crypto pioneers keep fighting for survival. On June 17, a U.S. judge approved an a...