Gala Games, a blockchain gaming platform, has regained around $22 million in Ether following a recent security breach where an attacker minted $200 million worth of GALA tokens and managed to sell a portion of them. The swift response and involvement of law enforcement agencies facilitated the return of the stolen funds. Rapid Response and Recovery Efforts Utilizing GalaChain’s blocklist protocol feature, Gala Games effectively froze 4.4 billion GALA out of the 5 billion minted within a mere 45 minutes after the incident occurred. This proactive measure helped mitigate the impact of the attac ..read more

Grayscale Investments has announced a significant change to its spot Ethereum ETF proposal, removing the staking component. This decision aligns with recent industry trends and follows proactive feedback from the U.S. Securities and Exchange Commission (SEC), leading to amended filings. Grayscale Eliminates Staking from Ethereum ETF Plan In a recently amended preliminary proxy statement for the Grayscale Ethereum Trust, the firm detailed its decision to withdraw the staking proposal from its spot Ethereum ETF plan. Originally, Grayscale had intended to offer staking for investors through the ..read more

Trump’s campaign has announced it will accept crypto donations for the 2024 presidential election. This decision positions Trump as a pioneering figure in integrating digital assets into political fundraising. Supporters can contribute using various cryptocurrencies, including Bitcoin ($BTC), Ethereum ($ETH), Dogecoin ($DOGE), Ripple ($XRP), Cardano ($ADA), Shiba Inu ($SHIB), Solana ($SOL), and the USD Coin ($USDC) stablecoin. The campaign has facilitated these donations through popular wallets like Coinbase Wallet and MetaMask, expanding its reach to tech-savvy voters. Building a “Crypto Arm ..read more

In the latest episode of Crypto Banter, the spotlight was on the evolving landscape of altcoin investments, particularly the problematic influence of venture capital (VC) on new token launches. The discussion underscored how VCs often inflate crypto valuations, making new tokens less appealing to retail investors. The video also highlighted promising altcoins that could outperform the market, especially if the anticipated Ethereum ETF is denied. The Problem with VC-Backed Tokens Crypto Banter criticized venture capitalists for driving up token valuations before they even hit the market. Histo ..read more

The cryptocurrency market is buzzing with excitement following the approval of Ethereum’s first spot ETF, which has catalyzed significant gains across various digital assets. Notably, Bitcoin has also experienced a substantial uptick, hitting $71.4K for the first time in six weeks. According to Santiment data, this surge, although impressive, is part of a larger trend that could see Bitcoin reaching unprecedented heights in the near future. Bitcoin Price to Hit $84K? Crypto analysts from Crypto Banter have recently highlighted Bitcoin’s strong upward potential, predicting that it could soar t ..read more

In a bid to streamline tax reporting in the burgeoning cryptocurrency sector, Hong Kong has introduced a new software solution called FinTax. This innovative platform, designed by a former Bitmain director and his team, aims to ease the complexities of tax calculations for crypto assets. The Need for FinTax in a Growing Crypto Market With the recent approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong, the demand for efficient tax solutions has surged. The crypto industry in the region is witnessing significant interest, necessitating clarity and efficiency in tax r ..read more

An unfortunate investor recently became the victim of a sophisticated phishing attack, losing a staggering sum of over $101,000 across various cryptocurrencies on different blockchain networks. This incident sheds light on the evolving tactics employed by malicious actors to exploit unsuspecting users in the crypto space. #PeckShieldAlert #Phishing An address (0xA71d…4541) fell victim to a phishing attack by #Fake_Phishing187019, resulting in a loss of ~$101K worth of cryptos, including 237.8K $OSAK, 287.1K $CAW, 213 $HIGH, & 426 $USDT on #Ethereum, 3K $kUSDC on #BNBChain, and ~0.5 $PEND ..read more

As gold and silver soar to record levels amidst geopolitical tensions and market uncertainty, attention turns to Bitcoin as a potential contender in the commodities rally. Gold’s Meteoric Rise Driven by Global Factors Gold prices surged to unprecedented levels, hitting $2,450 per ounce on Monday. This surge is fueled by geopolitical tensions, anticipation of a dovish Federal Reserve stance, and sustained demand from central banks. Silver’s Bullish Momentum and Future Outlook Silver broke through an 11-year high, surpassing $30 per ounce, buoyed by its safe-haven status, weakening US dollar, a ..read more

The U.S. Securities and Exchange Commission (SEC) is nearing its final decision on a series of spot Ethereum exchange-traded fund (ETF) applications. The outcome, expected this week, could significantly influence Ethereum’s market dynamics. Key Deadlines for Ethereum ETFs The SEC’s decision on VanEck’s spot Ethereum ETF application is due by Wednesday, May 23. This ruling will be closely followed by the deadline for the Ark 21Shares spot ETH ETF application on Thursday, May 24. These pivotal dates are anticipated to set the precedent for other issuers awaiting verdicts from the US regulator ..read more

Binance has partnered with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to unravel a significant cryptocurrency-assisted money laundering operation. This collaborative effort marks a critical development in the fight against financial crimes involving digital assets. Collaborative Efforts to Combat Financial Crime The investigation, involving nearly NT$200 million (around $6 million), highlights Binance’s active role in leveraging its Financial Crimes Compliance (FCC) Department’s expertise to aid in apprehending the culprits. According to a pre ..read more