9 May 2024
SEC delays crypto wallet provider Exodus' NYSE American listing amid ongoing scrutiny
The U.S. SEC has delayed the NYSE American listing of crypto wallet provider Exodus, citing ongoing review processes. This unexpected move by the SEC has postponed the planned listing, impacting Exodus's market entry strategy. Read more
Core Scientific reports $210.7 million in Q1 net income, 2,825 BTC production
Core Scientific announced a substantial $210.7 million net income for Q1 2024, marking a significant turnaround from last year's losses. The company also reported producing 2,825 bitcoins during the quarter. Read more
Polkadot rolls out asynchronous backing to boost network efficiency and transaction speed
Polkadot has introduced asynchronous backing to improve transaction speeds and network efficiency, marking a significant technological advancement for the blockchain. Read more
Crypto Monthly Trading Volume Drops for First Time in Seven Months to $6.58T
The total monthly trading volume of cryptocurrencies has decreased to $6.58 trillion, marking the first decline in seven months. The downturn is highlighted by a nearly 15% drop in Bitcoin's value in April, ending its prolonged period of gains. Read more
Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
The crypto markets are facing increased pressure due to upcoming unlocks of $2 billion worth of altcoin tokens and the distribution of $11 billion in Bitcoin, potentially impacting market stability. Read more
Robinhood's Q1 Crypto Trading Volume Surged 224% as SEC Action Looms
Robinhood's crypto trading volume has seen a significant increase of 224% in the first quarter, despite looming regulatory actions by the SEC, highlighting the platform's growing influence in the crypto market. Read more
Crypto Is an Election Issue This Year. Is That a Good Thing?
Summary: A new survey reveals that one-in-five voters consider cryptocurrency a key issue in the upcoming U.S. elections, underscoring its increasing importance in political discourse. Read more
Solana drops 5% on new FTX plan, quick rebound to wipe $125M shorts
Solana's price fell by 5% due to concerns over an FTX sell-off but is expected to rebound quickly, potentially liquidating about $125 million in short positions. Read more
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