The Democrats’ crypto dam finally broke. Now what?
It began slowly with a few stubborn Democrats in Congress who refused to hew to the partisan line set down by party leaders. That drip-drip of resistance became a trickle…
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Finance News
SEC completes abrupt U-turn to approve Ethereum ETFs in ‘politically driven’ move
The Securities and Exchange Commission has green-lighted the listing of eight spot Ether exchange-traded fund on U.S. stock exchanges, approving the asset manager’s 19b-4 form on Thursday afternoon. “It’s one…
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Ethereum’s powerful new ‘EigenLayer’ promises a wave of innovation. But is it a threat to the blockchain?
Ethereum has spent the current bull market living in the shadow of Bitcoin, but two recent developments could thrust the world’s second-biggest blockchain back into the spotlight. The first is…
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Sam Bankman-Fried and his crew overpaid for real estate, Bahamas listings show
The luxury real estate market in the Bahamas is booming as prices rose 15% last year, more than any other tropical destination. But even in this market, the swank pads…
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Trump and the Libertarian case for crypto
There’s nothing surprising about a presidential nominee addressing a party convention ahead of an election—unless, that is, the party is not the one they’re leading. That’s why it was curious…
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Bankman-Fried lieutenant Ryan Salame gets 7.5 years in prison for role in FTX debacle
The former chief executive of FTX’s Bahamas subsidiary has ben ordered to spend 7 1/2 years in prison, the first of Sam Bankman-Fried’s close associates to be sentenced in the…
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Floki, Dogwifhat, and Pepe lead memecoin rally alongside Ethereum ETF approvals
So-called memecoins have been rallying over the past week—and among the five cryptocurrencies to gain the most are four Solana-based tokens. Floki leads the way (up 35%), followed by dogwifhat…
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Former FTX executive Ryan Salame is not pleased with his prison sentence
The first of Sam Bankman-Fried’s inner circle just received their punishment. On Tuesday, at the same Manhattan courthouse that saw the FTX founder undergo a brutal month of reckoning, a…
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Crypto industry has its swagger back—for better and worse
Good morning from Austin, where thousands of crypto devotees have braved storms and blazing heat to attend Consensus. The industry’s biggest and longest-running conference, which can at times take on…
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Coinbase and Haun Ventures invest $11 million in Neynar, a toolbox for Web3 social networks
A company that provides tools for developers to build decentralized social networks announced its Series A funding on Thursday. Haun Ventures led the $11 million raise for Neynar, with participation…
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