Gala Games exploiter returns $22M from GALA token attack
On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It’s just been returned.
Gala Games has received around $22 million in Ether (ETH) from the person responsible for a May 20 “security incident” where $200 million worth of Gala (GALA) tokens were minted and a small portion sold before the wallet was frozen.
On May 21, the attacker’s wallet sent back 5913.2 ETH worth $22.3 million — close to the market value of the 600 million GALA they sold a day earlier.
Gala said in a May 21 blog post that the ETH’s return came after the team’s “swift, effective response and the involvement of Federal law enforcement agencies.”
VanEck’s Ethereum spot ETF listed on DTCC under ticker $ETHV
VanEck’s Ethereum ETF, ticker ETHV, is now listed on DTCC, with the SEC’s decision on approval pending amid market optimism.
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‘All Bets Are Off’ – Top Analyst Unveils Crypto Market Forecast Amid Increased Odds of Ethereum ETF Approval
A widely followed crypto strategist says that a certain altcoin group will massively benefit from the approval of a spot market Ethereum (ETH) exchange-traded fund (ETF). Pseudonymous analyst DonAlt tells his 554,400 followers on the social media platform X that while an Ethereum ETF might be a bit bearish for Bitcoin (BTC) inflows, it will […]
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Pioneering Blockchain Security: CMO Xavier’s Strategic Leadership at Stake Vault Network
PRESS RELEASE. Stake Vault Network proudly introduces Mr. Xavier, the Chief Marketing Officer (CMO), whose strategic vision and expertise are pivotal in revolutionizing staking and node authentication within the blockchain industry. Mr. Xavier’s leadership is essential to the platform’s mission of enhancing security, efficiency, and scalability. Stake Vault Network at a Glance Stake Vault Network […]‘It’s happening’ — 5 Ethereum ETF bidders amend SEC filings
Five U.S. asset managers bidding for an Ether ETF have amended their 19b-4 filings with the SEC.
Five potential spot Ether (ETH) exchange-traded fund (ETF) issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the Securities and Exchange Commission.
The amended filings came from Fidelity, VanEck, Invesco and Galaxy, Ark 21Shares and Franklin Templeton, several filings show.
All five filings came in a 25-minute period between 9:35 pm and 10:00 pm UTC on May 21, according to Bloomberg ETF analyst James Seyffart.
“It’s happening”: Ethereum ETF approval is imminent as issuers amend 19b-4 filings
Spot Ethereum ETFs in the US near approval, with major issuers filing crucial documents.
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SEC’s Regulatory Overreach Challenged in Court: Motion Filed to Vacate ‘Dealer’ Rule
Crypto Freedom Alliance of Texas and Blockchain Association filed a motion on May 17 to vacate the U.S. Securities and Exchange Commission (SEC)’s new Dealer Rule. The plaintiffs’ counsel argues that the SEC’s expanded definition of “dealer” exceeds its statutory authority under the Securities Exchange Act, particularly affecting the digital asset industry. The brief asserts […]Crypto Exchange Binance Discloses Investment in L2 DEX Protocol Aevo
The venture capital arm of the world’s largest crypto exchange by trading volume is announcing a new investment in a decentralized exchange (DEX) protocol. According to a new press release, Binance Labs has invested in a layer-2 (L2) DEX called Aevo, a rebrand of Ribbon Finance. Aevo bills itself as a high-performance derivatives DEX platform tailored for futures […]
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Donald Trump says his campaign will accept crypto
Facing several criminal cases, the presumptive Republican Party nominee for U.S. President is expected to face off against President Joe Biden in November 2024.
Former United States President Donald Trump, currently facing criminal charges in four jurisdictions in the country, announced his campaign to run for president in 2024 would accept cryptocurrency donations.
In a May 21 notice, the Trump 2024 campaign said it had launched a fundraising page for eligible people to donate in crypto using the Coinbase Commerce product. The website featured logos for Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), XRP, USD Coin (USDC), Solana (SOL) and 0x (ZRX). The announcement cited Senator Elizabeth Warren’s attacks on cryptocurrency, claiming without evidence that she was acting as U.S. President Joe Biden’s “official surrogate” in Congress.
During a May 8 dinner for supporters who purchased a nonfungible token featuring a mugshot at his surrender in a Georgia jail, Trump said he would ensure attendees could make donations to his campaign in crypto. With less than six months until Election Day, Trump is the presumptive Republican Party nominee for U.S. President in 2024. He will likely face off against President Biden, the presumptive Democratic Party nominee.
Arta TechFin, Chainlink expand partnership to tokenize real-world assets
Arta TechFin, a Hong Kong-based asset manager, and Chainlink are exploring solutions to tokenize real-world assets like real estate.
Real-world asset tokenization is reportedly the next big frontier for the blockchain industry, and Chainlink continues to expand global partnerships with an emphasis on real-world asset tokenization and cross-chain transactions.
On May 21, The world’s largest blockchain oracle network announced that it is broadening its partnership with Arta TechFin, a Hong Kong-based asset manager and financial services company, to bring real-world assets on-chain.
Arta Techfin’s CEO, Eddie Lau, said the partnership “aims to satisfy market scarcity for an end-to-end solution that addresses pain points from off-chain primary origination and secondary trading to enhanced product integrity.”
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Trump Campaign Now Accepts Crypto Donations via Coinbase
Former U.S. President and presidential candidate Donald Trump’s campaign now accepts cryptocurrency donations through Coinbase Commerce. The new fundraising page enables federally permissible donors to contribute using any cryptocurrency supported by Coinbase Commerce. President Trump has championed reduced regulations and innovation in financial technology, contrasting with Democrats like Joe Biden and Senator Elizabeth Warren, who […]$300,000 Withdrawal at JPMorgan Chase Instantly Stolen at Bank Branch in Brooklyn: Report
A JPMorgan Chase customer reportedly lost $300,000 at a bank branch in Brooklyn immediately after withdrawing the cash. The 31 year-old customer withdrew the huge sum from a teller and was robbed once he exited the bank’s front door, reports News 12. Although the bank has not released a statement on the assault, it provided […]
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DOJ Captures Alleged ‘Architect’ of Darknet Marketplace Incognito
According to the U.S. Department of Justice (DOJ), the operator of the darknet marketplace Incognito was apprehended at John F. Kennedy Airport on May 18. Law enforcement officials claim Rui-Siang Lin allegedly constructed the DNM and facilitated the sale of over $100 million worth of illegal drugs through the platform. Federal Authorities Nab Alleged Darknet […]Uniswap responds to SEC Wells notice: ‘We are ready to fight’ for DeFi
The company called for supporting U.S. lawmakers in favor of the Financial Innovation and Technology for the 21st Century Act, hinting the bill could nullify the SEC’s case.
Uniswap Labs, the developer behind the decentralized exchange of the same name, has responded to the United States Securities and Exchange Commission (SEC) issuing a Wells notice to the firm, suggesting a potential enforcement action.
In a May 21 blog post, Uniswap claimed the SEC had made “weak” legal arguments in issuing a Wells notice to the exchange and vowed it was “ready to fight” the matter in court if necessary. The company said its lawyers had successfully represented firms, including Grayscale and Ripple, against the financial regulator. Chief Legal Officer Marvin Ammori claimed that the SEC’s case was “weak and wrong” based on treating all tokens as securities under its purview.
“The SEC should not devote its taxpayer-funded resources to bringing a case against us,” said Uniswap. “But we’re prepared to fight.”
Embrace Privacy and Earn up to 150% APY With wZANO-USDT
Bitcoin.com’s decentralized exchange, Verse DEX, has launched the second wZANO-USDT farm, offering an impressive APY of up to 150%. For full details, including instructions, head over here. This initiative is the continuation of the integration of the privacy-focused ZANO token into the broader Bitcoin.com ecosystem, an essential development for crypto enthusiasts valuing both high yields […]Venture Capital Investment Into Crypto Rises to $2,400,000,000 After Years of Decline: Report
Venture capital (VC) investment in crypto firms is reportedly on the rise following a slump of seven consecutive quarters. Citing data from private equity and venture capital deals information provider PitchBook, Reuters reports that VC investment in crypto companies rose by 41% quarter-on-quarter to reach a figure of $2.4 billion in the first three months […]
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Meme supporter? Presidential candidate Kennedy Jr. buys $24,000 in GME stocks
Presidential candidate Kennedy Jr.
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Economist Alex Krüger Says ‘Base Case’ Is Ethereum at New All-Time Highs, Bitcoin Much Higher by Year End
Closely followed trader and economist Alex Krüger believes Ethereum (ETH) is headed to new all-time highs (ATHs) due to one key catalyst. Krüger tells his 175,400 followers on the social media platform X that a possible approval of a spot ETH exchange-traded fund (ETF) as early as this week could send the top altcoin soaring. […]
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Market Analyst Michael Oliver: Gold Is Entering a ‘Generational Event’ Bull Market Trend
Michael Oliver, the proprietor of Momentum Structural Analysis (MSA) – a research firm specializing in detecting momentum-based movements – believes the recent gold bull market rally might differ from the other gold rallies. Oliver stated that due to several factors, not investing in gold could mean missing “what will likely be a generational event.” MSA […]Apeiron embraces competitiveness to drive Web3 gaming growth
Apeiron launches Guild Wars with a $1 million prize to energize the Web3 gaming community and strengthen its competitive edge.
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US lawmaker addresses House before FIT21 vote: Bill ‘will stop another FTX’
Representative Wiley Nickel called on Democrats and Republicans to support the bill to stop the SEC from “turning cryptocurrency regulation into a political football.”
Many lawmakers in the United States House of Representatives are expressing support for a bill clarifying the roles of the country’s financial regulators regarding digital assets as it approaches a floor vote on May 22.
Speaking on the House floor on May 21, North Carolina Representative Wiley Nickel called on lawmakers to support the passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act. The bill would clarify how the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission regulate crypto and, according to Rep. Nickel, “prevent the next FTX” from happening.
“Congress has never voted on a regulatory structure for crypto,” said Rep. Nickel. “In fact, we’re operating on a hundred-year-old securities law.”
New York Man Arrested for Swindling $1,300,000 in Scheme Involving Fictitious Crypto Wallet
A New York man pled guilty to fraud charges last week after using various fake crypto and real estate schemes to swindle investors out of more than $1.3 million. Thomas John Sfraga, who went by the alias “T.J. Stone,” defrauded more than a dozen victims, including friends and neighbors, according to an announcement from the […]
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Democrats To Abruptly Reverse Party Stance on Crypto To Avoid Election Disaster: Mike Novogratz
The CEO of the crypto investment firm Galaxy Digital says Democrats are changing their tune on crypto as the 2024 US Presidential election approaches. In a new interview with CNBC’s Squawk Box, Mike Novogratz says the Biden administration is listening to the markets and shifting its standpoint on crypto. “But assuming, you know, the market is right, […]
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Diamonds Standard Co. uses precious gems to back payment network
Diamond Standard Co. has introduced a blockchain payments system that uses diamonds as backing collateral for transactions.
In an effort to sidestep the regulatory challenges faced by many centralized exchanges and payment services, Diamond Standard Co. has introduced an alternative blockchain payment system called CARATS.
CARATS deviates from traditional centralized exchanges and payment services by using tokenized diamonds, backed by real-world commodities, to facilitate payments, remittances, and wealth transfers between users.
Individuals can purchase full or partial amounts of these tokenized diamonds, trade them, transfer them, cash out for local fiat currencies, or opt to exchange the token for delivery of the physical diamonds.
Uniswap Labs claims SEC will fail, urges agency to drop enforcement action
Uniswap Labs challenges SEC’s enforcement action, arguing the protocol doesn’t meet the SEC’s definition of an exchange.
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SKALE Labs names veteran Andrew Saunders as its new CMO
Andrew Saunders joins SKALE Labs as CMGO, bringing his Web2 and crypto expertise to expand market awareness and user adoption.
The post SKALE Labs names veteran Andrew Saunders as its new CMO appeared first on Crypto Briefing.
Standard Chartered Now Expects SEC to Approve Spot Ethereum ETFs This Week
Standard Chartered Bank has revised its forecast and now expects the U.S. Securities and Exchange Commission (SEC) to approve spot ethereum exchange-traded funds (ETFs) this week, with the bank’s head of digital asset research expressing 80% to 90% confidence. He estimates potential inflows of $15 billion to $45 billion into ether within the first year […]
These 2 Altcoins Are About To MOON (Tik Tok Will USE This Crypto)
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$386,330,000 Liquidated As Ethereum Rips Before Potential ‘Shock’ ETF Decision
Ethereum (ETH) has exploded in price on hopes of an approval from the U.S. Securities and Exchange Commission (SEC) for a spot ETH exchange-traded fund (ETF). Bitcoin rallied alongside ETH, and the sudden move has liquidated nearly $400 million worth of traders positions, according to current data from Coinglass. The odds of an SEC approval […]
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