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Lightspeed Newsletter: Solana’s failing transaction problem
Lightspeed Newsletter: Solana’s failing transaction problem

More than half of Solana transactions are still being dropped

Blockworks·2024/05/22 22:55
White House opposes FIT21 but says it's 'eager to work with Congress' on balanced framework for digital assets
White House opposes FIT21 but says it's 'eager to work with Congress' on balanced framework for digital assets

A new statement from the Biden administration declares the president’s stance on FIT21. Though the Biden administration opposes FIT21, it’s open to working with regulators on creating a balanced digital asset regulatory framework. FIT21 is set to be voted on in the U.S. House of Representatives later today.

The Block·2024/05/22 16:34
Nasdaq files updated 19b-4 form for BlackRock's spot Ethereum ETF
Nasdaq files updated 19b-4 form for BlackRock's spot Ethereum ETF

Nasdaq filed the amended form for the world’s largest asset manager on Wednesday. Exchange CboeBZX filed revamped 19b-4 forms later on Tuesday for five spot ETF proposals.

The Block·2024/05/22 14:46
Bitwise Submits Revised Form 19b-4
Bitwise Submits Revised Form 19b-4

PANews·2024/05/22 14:40
Ethereum futures ETF daily trading volume hits all-time high as spot approval anticipation grows
Ethereum futures ETF daily trading volume hits all-time high as spot approval anticipation grows

Daily trading volume for Ethereum futures ETFs has hit a fresh all-time high amid growing spot approval anticipation.Ethereum futures ETFs generated $47.75 million in trading volume on Tuesday — 40% more than the $34.18 million peak set on March 5.

The Block·2024/05/22 13:58
Flash
08:59
Circle has minted an additional $500 million USDC on Solana in the last half hour
BlockBeats News, June 8th, according to Whale monitoring, Circle issued another 250 million USDC on Solana today at 16:53 (UTC+8). Within approximately half an hour, it has issued a total of 500 million USDC on Solana.
08:28
Institution: Tech Stock Plunge Not an AI Logic Reassessment, Key is to Watch Giant Capex Slowdown
BlockBeats News, June 8th. The Asian market on Monday continued last week's brutal sell-off, with the South Korean KOSPI index plummeting over 8%, led by the semiconductor sector. Mark Vale, Investment Director at Lucerne Asset Management, stated, "This wave of movement appears to be more of a unwind of positions and momentum strategies, rather than a reassessment of the long-term artificial intelligence story. South Korean tech stocks have long been among the best-performing stocks globally. With a highly concentrated market positioning, these stocks naturally became a source of liquidity when interest rate expectations shifted after last week's non-farm payroll report. The key question now is whether the AI spending of mega-cap companies will slow down. At this stage, we have not seen evidence of this."
08:26
Micron Technology Rises Over 7% in Pre-Market Trading
On June 8, Micron Technology rose over 7% in pre-market trading, following news that the company is set to be included in the SP 500 index.
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