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Kerrisdale Capital shorts Riot stock amid complaints about miner’s safety hazards, China imports

Kerrisdale Capital sent a complaint about crypto miner Riot Platforms to Texas officials over concerns related to safety hazards and equipment imported from China The company made the complaint in a on June 5 letter addressed to Navarro County Texas Judge H.M. Davenport Jr. and four commissioners. Kerrisdale cited a former operations specialist at Riot’s […]

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Solana Won’t Kill Ethereum, The “ETH Elite” Will

Evgeny Gaevoy, CEO of crypto market maker Wintermute, has recently voiced concerns about Ethereum’s (ETH) leadership. According to Gaevoy, Ethereum’s potential downfall will not be due to technical shortcomings compared to competitors like Solana but from contradictions within its leadership. Wintermute CEO Highlights Leadership Paradox in Ethereum Gaevoy criticizes Ethereum’s leadership, particularly the network’s co-founder […]

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Bitcoin ETFs Thrive Despite Hedge Funds’ Growing Short Bets

Hedge funds are ramping up their short positions against Bitcoin on the Chicago Mercantile Exchange (CME), even as spot Bitcoin exchange-traded funds (ETFs) enjoy a 19-day streak of inflows. According to Zerohedge, the Commodities Futures Trading Commission (CFTC) Commitments of Traders (COT) report revealed a significant increase and a new record high in Bitcoin hedge […]

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Real-World Asset Tokenization Tops Crypto Sector Performance

Real-world asset (RWA) tokenization has become the top-performing crypto sector, outperforming major sectors like Ethereum (ETH) and Bitcoin (BTC). Significant developments, including high-profile asset tokenizations and positive regulatory discussions, drive this surge. It also highlights the sector’s growing potential and importance in the financial industry. High-Profile Use Cases and Regulations Boost the RWA Tokenization Sector […]

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Roadstead Presents NFT Rentals for Horror Movie ‘Chime’

Kiyoshi Kurosawa, known for his mind-bending films like ‘Cure’ and ‘Pulse’, has released his latest horror movie edition ‘Chime’, which incorporates an intriguing NFT element. Acclaimed as a standout horror experience, Chime presents a distinct challenge in the movie arena—it’s currently only available for rent through a Japanese digital video trading platform called Roadstead.io, which […]

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Gemholic Vanishes After Withdrawing $3.5 Million in Locked ETH

The crypto community is raising alarms over a potential $3.5 million rug pull by Gemholic, a project on zkSync. On June 7, multiple transactions drained the project’s smart contract funds. Concerned members on social media platform X (formerly Twitter) highlighted that Gemholic’s online presence has vanished. The project’s X handle and Telegram channel have been […]

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Tune.FM and Jam Galaxy Enhances Music Creation and Monetization

Tune.FM, a decentralized music streaming platform and NFT marketplace, has announced a partnership with Jam Galaxy, a web3 music studio and collaborative audio protocol, to integrate advanced tools for music creation, artist monetization, and fan engagement on Tune.FM’s platform. Jam Galaxy supports real-time, low-latency collaboration through its DePIN infrastructure and provides AI tools for music […]

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BlackRock Deepens BTC Bet As Spot Bitcoin ETF AUM Barrels Past $21 Billion

American multinational investment company, BlackRock has surpassed Grayscale in total Assets Under Management (AUM) for Spot Bitcoin Exchange Traded Funds (ETFs). This milestone signifies BlackRock’s growing prominence in the ETF sector, highlighting the company’s confidence in crypto-based investments.   BlackRock Spot Bitcoin ETF Surpasses $21 Billion  BlackRock’s iShares Bitcoin Trust (IBIT) has exceeded $21.4 billion in […]