Solana Co-Founder Challenges Layer 2s—Are They Even Needed?
The co-founder of a popular cryptocurrency took a swipe at Layer-2 cryptos, claiming that these rollups are only redundant and make blockchain scaling more complicated. Anatoly Yakovenko, co-founder of the Solana network, argued that Layer-1 solutions are sufficient without Layer-2 tokens which do not offer genuine, long-term benefits. Layer-2...
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GameStop Q4 Earnings: Revenue Miss, EPS Beat, Shares Surge As Board Approves Bitcoin As Treasury Reserve Asset
GameStop Corp (NYSE:GME) reported fourth-quarter financial results after the market close on Tuesday. Here’s a rundown of the report. Q4 Earnings: GameStop reported fourth-quarter revenue of $1.283 billion, missing the consensus estimate of $1.48 billion. The video game retailer reported fourth-quarter adjusted earnings of 30 cents per share, beating analyst estimates...
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Securitize COO Sonnenshein on crypto’s new era: ‘lawsuits dropped, SEC listening’
The U.S. crypto industry has undergone a significant turning point with help from the White House, according to Securitize Chief Operating Officer Michael Sonnenshein. Speaking during an interview on Bloomberg TV, the former Grayscale CEO discussed the obvious change in…...
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Bitcoin, Ethereum, XRP, Trade Flat While Dogecoin Moves Up
Cryptocurrency markets are trading relatively flat on Tuesday as GameStop announced the acquisition of Bitcoin for its treasury. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $88,471.10 +0.03% Ethereum (CRYPTO: ETH) $2,079.34 -0.6% Solana (CRYPTO: SOL) $145.94 +2% XRP (CRYPTO: XRP) $2.46 -0.3% Dogecoin (CRYPTO: DOGE) $0.1910 +1.6% Shiba Inu...
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Here’s Why The Dogecoin Price Surged Over 10%
The Dogecoin price has surged over 10% in the last seven days, providing a bullish outlook for the foremost meme coin. This development has occurred due to several factors, including Donald Trump’s decision to ease off on certain tariffs. Why The Dogecoin Price Surged Over 10% CoinMarketCap data shows...
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Binance Suspends Employee for Insider Trading and Front-Running Allegations
Binance has suspended a staff member accused of using insider information from a previous role at BNB Chain to front-run a token launch. The action follows an internal investigation launched on March 23 after a complaint was filed with the exchange’s internal audit team. The Investigation The suspect, who...
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GameStop to Add Bitcoin to Balance Sheet
GameStop (GME) has added its name to the quickly-growing roster of publicly-traded companies adopting a bitcoin treasury strategy. Alongside its fourth quarter earnings report, the company said its board unanimously approved adding bitcoin as a treasury reserve asset. CEO Ryan Cohen in early February got tongues wagging when he...
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Ripple to Get $75M of Court-Ordered Fine Back From SEC, Drops Cross-Appeal
The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seems to finally be near an end, with Ripple emerging victorious. The SEC will return the lion’s share of the $125 million-court ordered fine paid by Ripple last year, according to a Tuesday X...
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Cboe files application to list Fidelity’s spot Solana ETF
Chicago Board Options Exchange (Cboe) filed on March 25 to trade a spot Solana (SOL) exchange-traded fund (ETF) issued by Fidelity through the registration of a 19b-4 form. The move comes four days after Fidelity registered a Solana fund in Delaware. As of Dec. 31, Fidelity registered $5.9 trillion...
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SEC Drops Investigation into Web3 Gaming Firm Immutable
The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Web3 gaming platform Immutable and will not file enforcement charges, according to a Tuesday announcement from the company. Immutable, an Australian company, disclosed that it had received a Wells notice — essentially an official heads-up from the...
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