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2024-05-02 09:03:09 Aave Labs debuts V4 roadmap in series of governance proposal

Aave Labs unveiled a trio of governance proposals on Wednesday to guide its development of Aave V4. The Aave V4 roadmap, which is in the advanced research stage, proposes several improvements to Aave’s lending platform, such as improved support for its native GHO stablecoin and lower transaction fees, the protocol said Wednesday in a post on its governance forum.

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2024-05-01 22:09:58 Tether sees record net profit of over $4.5 billion in first quarter of 2024

Tether's attestation for the first quarter of 2024 revealed the firm made a net profit of $4.52 billion, saw its highest-ever percentage ownership of Treasury bills and had total net equity exceeding $11.3 billion. On Tuesday, Tether Holdings Limited released its assurance opinion for the first quarter of 2024, which detailed $1 billion in profit from the group's entities in charge of issuing stablecoins and managing their respective reserves.

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2024-05-01 08:54:58 Bitcoin retraces back to critical monthly all-time high support level from 2021

Bitcoin will close April down this evening following a drawdown of roughly 15% since the start of the month. The close of the monthly candle will mark the end of seven successive green candles and the end of a record-making streak. Bitcoin opened the month with a new all-time high for a monthly candle close at around $71,200. The previous high was around $60,500, set in 2021 when Bitcoin traded again as of press time.

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2024-04-30 21:34:58 Hong Kong’s Bitcoin and Ethereum ETFs launch with lower than expected trading volumes

Hong Kong’s debut of Bitcoin and Ethereum exchange-traded funds (ETFs) commenced with modest trading volumes, tallying up to 87.58 million HKD, equivalent to $11.19 million, based on Hong Kong Stock Exchange data. This trading volume falls significantly short of the issuers’ initial expectations, which anticipated volumes surpassing $100 million. Moreover, the trading volume pales compared to the US debut, where the 11-listed spot Bitcoin ETF products saw $4.6 billion in trading volume.

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2024-04-30 07:56:45 SEC suspected Ethereum was a security since 2018, new Consensys documents reveal

The Gary Gensler-led Securities and Exchange Commission (SEC) began investigating Ethereum’s security status last year, according to an April 29 court filing by Consensys. The filing disclosed that Gurbir Grewal, the Director of the Division of Enforcement, sanctioned the Formal Order of Investigation concerning ‘Ethereum 2.0’ in March 2023. This Formal Order conferred broader authority upon SEC staff to investigate and subpoena individuals and entities involved in ETH transactions.

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2024-04-29 20:32:11 Bitcoin 'hash price' slides to all-time low following fourth halving event

Bitcoin's so-called hash price has dropped to fresh all-time lows following Bitcoin’s fourth halving on April 20, despite a brief jump in revenue attributed to the hype surrounding Runes etching and hash rate remaining at comparatively high levels. Hash price is a term coined by Bitcoin mining services firm Luxor, referring to the expected value of 1 PH/s or 1 TH/s of hashing power per day. The metric quantifies how much a miner can expect to earn from a specific quantity of hash rate.

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2024-04-29 06:36:13 Italy’s Securities Regulator Blocks Illegal Crypto Trading Platforms

Italy’s securities regulator, Consob, reinforced its measures to safeguard Italian investors by expanding its list of banned websites engaging in illegal trading activities. In its latest move, Consob has targeted several FX platforms for illegally promoting trading products within the country. Notable additions to the blacklist include domains such as Luno Invest, Vantage Global Limited, and Capital4it Ltd.

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2024-04-28 07:02:22 Internet Computer founder says crypto has 'snake-oil’ problem

Dfinity Foundation's Dominic Williams doesn't pull any punches when asked to give his thoughts on the world of crypto and blockchain, an area he's been working in for roughly a decade. "It's gotten to a place where people actually invest in snake oil. Like, 'who's got the best snake oil, I'm going to invest in that because their marketing is better,'" Williams recently told The Block. "Today there's a lot of confusion and people are just buying into these narratives.

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2024-04-27 21:54:58 Binance’s defense against SEC could be aided by Mango Markets case

Binance could strengthen its defense against the US Securities and Exchange Commission (SEC) by drawing on an unrelated case. On April 26, Binance and related parties filed a government document from an unrelated case against Mango Markets exploiter Abraham Eisenberg, who was convicted by a jury on April 18. Binance’s defense team drew attention to a specific paragraph in which the US government expressed its position on whether a particular stablecoin, USDC, is a security.

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2024-04-27 07:54:58 Bitcoin halving was 'not priced in' despite recent correction, analyst says

The bitcoin halving that occurred this past Saturday has not yet resulted in the expected price increase stemming from the subsequent supply crunch. Instead, the world's largest digital asset by market cap has fallen by over 7% in the past seven days, according to The Block's Price Page. The core U.S. Personal Consumption Expenditures (PCE) Price Index, which excludes volatile food and energy prices, held steady at 2.8% on an annual basis, surpassing analysts' estimate of also 2.6%.

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