Solana restarted after seven-hour outage caused by surge of transactions
Link - https://www.theblockcrypto.com/linked/144639/solana-restarted-after-seven-hour-outage-caused-by-surge-of-transactions
Link - https://www.theblockcrypto.com/linked/144639/solana-restarted-after-seven-hour-outage-caused-by-surge-of-transactions
The Block
Solana restarted after seven-hour outage caused by surge of transactions
Engineers were still investigating why the network was unable to recover from the crush of transactions that caused the outage, a Twitter post said.
The United States turns its attention to stablecoin regulation
Link - https://cointelegraph.com/news/the-united-states-turns-its-attention-to-stablecoin-regulation
Link - https://cointelegraph.com/news/the-united-states-turns-its-attention-to-stablecoin-regulation
Cointelegraph
The United States turns its attention to stablecoin regulation
The Stablecoin TRUST Act aims to bring stablecoins into the traditional U.S. financial system, which might give them the ability to tap larger amounts of liquidity in transacting.
Binance Will Support the Nervos Network (CKB) Upgrade & Hard Fork
https://www.binance.com/en/support/announcement/689979a5ba7a451e92192d103d2d4820
https://www.binance.com/en/support/announcement/689979a5ba7a451e92192d103d2d4820
Binance
Binance Will Support the Nervos Network (CKB) Upgrade & Hard Fork | Binance Support
Fellow Binancians, Binance will support the Nervos Network (CKB) upgrade and hard fork. The Nervos Network (CKB) upgrade and hard fork will take place at the Nervos Network block height of 5,414 ,...
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
Biggest FUD now creating markets to dump hard... 😐😐
Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about its ultimate destination on a day that has seen Bitcoin’s price tumble more than 11%.
Link - https://cointelegraph.com/news/42-5k-btc-reportedly-moved-from-luna-foundation-guard-wallet-as-ust-peg-crumbles
Biggest FUD now creating markets to dump hard... 😐😐
Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about its ultimate destination on a day that has seen Bitcoin’s price tumble more than 11%.
Link - https://cointelegraph.com/news/42-5k-btc-reportedly-moved-from-luna-foundation-guard-wallet-as-ust-peg-crumbles
Cointelegraph
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
Terra's UST stablecoin lost its peg to the U.S. dollar this week, falling to a low of 0.9428, according to CoinMarketCap.
Binance Will Support the Helium (HNT) Network Upgrade
https://www.binance.com/en/support/announcement/3f08396fa4314b138f4fa3a88486f9df
https://www.binance.com/en/support/announcement/3f08396fa4314b138f4fa3a88486f9df
Binance
Binance Will Support the Helium (HNT) Network Upgrade | Binance Support
Fellow Binancians, Binance will support the Helium (HNT) network upgrade. The Helium (HNT) network upgrade will take place approximately at 2022-05-11 00:00 (UTC). Deposits and withdrawals of HNT w...
Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors
❇️ Grayscale met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF, CNBC has learned.
❇️ Turning the Grayscale Bitcoin Trust into a NYSE-traded ETF would broaden access to bitcoin and enhance protections while unlocking up to $8 billion in value for investors, according to a 24-page presentation obtained by CNBC.
❇️ “The SEC is discriminating against issuers by approving bitcoin futures ETFs and denying bitcoin spot ETFs,” according to the investment firm.
❇️❇️ The deadline for the SEC to approve or reject Grayscale’s application is July 6.
Link - https://www.cnbc.com/2022/05/11/grayscale-tells-sec-that-turning-biggest-bitcoin-fund-into-etf-will-unlock-8-billion-for-investors.html
❇️ Grayscale met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF, CNBC has learned.
❇️ Turning the Grayscale Bitcoin Trust into a NYSE-traded ETF would broaden access to bitcoin and enhance protections while unlocking up to $8 billion in value for investors, according to a 24-page presentation obtained by CNBC.
❇️ “The SEC is discriminating against issuers by approving bitcoin futures ETFs and denying bitcoin spot ETFs,” according to the investment firm.
❇️❇️ The deadline for the SEC to approve or reject Grayscale’s application is July 6.
Link - https://www.cnbc.com/2022/05/11/grayscale-tells-sec-that-turning-biggest-bitcoin-fund-into-etf-will-unlock-8-billion-for-investors.html
CNBC
Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors
A spot-based bitcoin ETF has eluded the industry for over five years. With an SEC deadline coming up, will Grayscale finally break through?