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πŸ¦ŽπŸš€ Smooth Touchdown on Shanghai ✈️

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Landed in Shanghai!


Yesterday, Ethereum's Shanghai upgrade was successfully implemented, enabling the withdrawal of staked ETH and finalizing the long-awaited transition to proof of stake,


This marks a major milestone for the second-largest cryptocurrency, unlocking $34.5 billion worth of staked ETH for withdrawals.


While it is a significant event for the network, it had minimal impact on the token price; ETH's price was remarkably stable through the upgrade increasing barely by about 0.21% minutes after the launch.


In today's news, Paxos exits from Canada, FTX lawyers said "dumpster fire is out" and Line Friends collabs with Beanz as first iteration of partnership.


Read on!

 24h Hot Searches Worldwide 

  • Arbitrum                             (+12.5%)

  • Beldex                                  (+0.7%)

  • A Hunters Dream              (+40.2%)

  • Dynex                                  (+25.2%)

  • XEN Crypto                         (+14.2%)

  • Silo Finance                          (+4.8%)

  • yearn.finance                       (+0.0%)

Crypto Buyers Don't Just Want Profits?

Sure, making money is important to crypto buyers. But apparently, other reasons are important too.


Out of 10 people who buy crypto, at least 6 also do it because of the crypto's utility, technology and ability to disrupt the establishment.


Read more: https://gcko.io/upq4y7u


What is $QTUM and how does it work?


Let's dive deeper to understand Qtum's energy-efficient PoS consensus mechanism, its key features, and latest development.

Paxos Bids Canada Farewell


Blockchain financial services firm Paxos has announced that the company will be withdrawing from the Canadian market, effective June 2.


Although users are urged to withdraw their balances, the firm has assured that customer funds would remain safe and accessible even after June 2; just that new trades would not be executable moving forward.


The announcement comes after increasing regulatory scrutiny on cryptocurrency companies in recent months by the Canadian Securities Administrators (CSA).


Cointelegraph


Dumpster Fire Is Out


Months after the collapse of FTX, lead bankruptcy attorney Andy Dietderich, a partner at New York law firm Sullivan & Cromwell, has assured both the U.S. bankruptcy court and creditors that "t​​he situation has been stabilized and the dumpster fire is out."


The bankruptcy team who took over the defunct exchange has been hard at work to build balance sheets from scratch and track down assets for customer recovery.


Dietderich said that the company plans to file a preliminary plan of reorganization in July and expects to set a customer bar date by the end of September.


CoinDesk

Ready to step up your trading game?  Watch this video and learn to utilize bullish and bearish flag patterns in technical analysis! 

Line Friends Collabs With Chiru


Chiru Labs, the team behind blue-chip Ethereum NFT project Azuki, has announced its partnership with popular media company Line Friends' parent company, IPX.


The first collaboration will feature Line Friends character-themed outfits with Chiru Labs' Beanz NFT collection, a spin-off project from Azuki.


The partnership plans future collaborations through their respective properties, exploring avenues such as potential content, merchandise, and events.


Decrypt

Love Web3 games? In this exclusive from Footprint Analytics, discover how non-genuine players can disrupt a game's balance and their in-game behavior.


Read more at: https://gcko.io/aq69l2v

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