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Crypto firm Prometheum gained an edge under Gary Gensler’s SEC. Suddenly its future appears less certain
For years, the crypto industry has complained about the Securities and Exchange Commission’s hard-line stance, and its refusal to develop rules that account for blockchain’s distinct technology. One firm, though, claimed the SEC’s current crypto rules are just fine. This stance has paid off as the firm, Prometheum, won a first-of-its-kind license for crypto-based securities and—despite being virtually unknown in the crypto world—landed a prestigious slot in 2023 to testify about digital assets before Congress. But now Prometheum has a problem. The election of pro-crypto Donald Trump has led SEC Chair Gary Gensler to announce he will quit his position...
Binance’s Half-Year Report 2024: Details
Binance is celebrating its seven-year anniversary this month, hosting events, rewards, and merchandise giveaways for its users. CEO Richard Teng expressed his optimism for the future. Renowned crypto exchange platform Binance has released its half-year report for 2024, revealing insights into the state of the market. It noted a 37.3% growth in total crypto market capitalization year-to-date, bringing it to approximately $2.27 trillion. A strong first quarter, which saw over 60% increase in market cap, was the primary reason for this growth. However, the second quarter faced challenges, with the market reversing some of its gains and falling by 14.3%....
Solana Dominating Ethereum: SOL Analyst Now Targets $1,000
Following Bitcoin and other altcoins like Ethereum, Solana is edging higher, clawing its way back after sharp losses in June. Even though the buyers are yet to reclaim the $155 support level, the expansion over the last few days has seen the coin add 25% after plunging in early July. Is SOL Preparing For $1,000? These encouraging gains over the last few days have seen traders project major gains in the coming days and weeks . Taking to X, one analyst said the coin would easily be more than 6X from spot rates, rallying to as high as $1,000 in...