ARK 21Shares Bitcoin ETF to split stock for retail investors
The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split later this month as the fund’s issuer, 21Shares, says it is looking to boost its appeal to retail investors. The stock split is slated for June 16 and is designed to “make shares more accessible to a broader base of investors and enhance…
Read MoreCZ Calls for Dark Pool Perp DEX to Shield Traders from Front-Running in DeFi
Binance founder Changpeng Zhao, better known as CZ, has floated the idea of a decentralized exchange (DEX) where order books and user positions are hidden to mitigate front-running and liquidation risks. The call comes amid renewed attention to Maximal Extractable Value (MEV), the practice of manipulating transaction ordering for profit. The Dark Pool Argument In…
Read MoreSEC faces criticism over crypto staking shift
The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services. On May 29, the SEC’s Division of Corporation Finance issued new guidance on crypto staking services, claiming that certain offerings may not constitute securities and effectively exempting proof-of-stake blockchains from registration…
Read MoreRipple Price at Pivotal Juncture: Dump Below $2 or Surge to $4.5 Next for XRP?
TL;DR Ripple’s cross-border token has struggled in the past week, alongside most of the market, and has dropped below a crucial support line, which has now turned into resistance. Analysts outlined a couple of different scenarios for the asset, which envision a price drop below $2 or a surge to $4.5. Is XRP Actually Heading…
Read MoreBinance co-founder CZ proposes dark pool DEXs to tackle manipulation
Binance co-founder Changpeng “CZ” Zhao proposed creating a dark pool perpetual swap decentralized exchange (DEX) to prevent market manipulation. In a June 1 X post, Zhao said that he has “always been puzzled with the fact that everyone can see your orders in real-time on a DEX.” “The problem is worse on a perp DEX…
Read MoreMeta to make AI-powered mixed-reality headsets for US military
The US military could soon get artificial intelligence-powered virtual (VR) and augmented reality (AR) gear made by Meta, after the social media giant joined forces with defence contractor Anduril to develop the devices. The headsets will use Anduril’s AI-powered command and control system, the Lattice platform, to integrate data from thousands of sources and provide…
Read MoreMajority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report
Over the last year, meme coins have garnered significant attention in the space, attracting high trading volumes and generating returns of several thousand percent in a matter of hours in some cases, despite being highly controversial. These often-viral assets are doing more than just making headlines. Meme Coins Spark Broader Crypto Participation According to the…
Read MoreStrategy's Michael Saylor signals impending Bitcoin purchase
Strategy co-founder Michael Saylor posted the Bitcoin (BTC) chart signaling an impending BTC acquisition by the company, marking week eight of consecutive purchases by the company during this latest buying stint. “Orange is my preferred color,” Saylor wrote to his 4.4 million followers on X — a number that has been steadily growing over the…
Read MoreTron (TRX) Price Recovery Backed by Sharp Drop in VaR and Beta
Tron TRX has maintained strong stability during a period of widespread market turbulence. The tenth-largest cryptocurrency has consistently traded above $0.26 for over two weeks and has managed to retain this level even as global trade tensions rise. This growth amid broader market volatility is supported by a marked decline in key risk metrics. TRX…
Read MoreRipple Price Analysis: Bearish Signs Flash as XRP Prepares for Further Downtrend
Ripple faced a sharp rejection at the upper boundary of its descending wedge, triggering a significant decline. Adding to the bearish outlook, the asset has slipped beneath both the 100-day and 200-day moving averages, an important technical breakdown that raises the probability of an extended correction. XRP Analysis The Daily Chart XRP’s recent attempt to…
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