 |
| Here are the latest highlights from the cryptocurrency world to kickstart your day |
Cryptocurrency Morning Update: Nigeria Denies $10 Billion Fine, Floki Surges, ETH-ETF Speculation, SEC Critique, and Ethereum Layer 2 Funding
Nigeria Denies Binance Fine:
Nigeria has officially refuted claims suggesting a hefty $10 billion fine imposed on Binance, as affirmed by the president's adviser, emphasizing that no such punitive measures have been determined.
Floki's Soaring Surge:
Floki, the digital token associated with the popular meme-inspired cryptocurrency movement, has witnessed a remarkable 100% surge in its price following the successful approval of a burning proposal, reflecting investor enthusiasm and market momentum.
Speculation on Spot ETH-ETF:
Jake Chervinsky, the Director of Legal Affairs at Variant, has expressed skepticism regarding the potential approval of a spot Ethereum Exchange-Traded Fund (ETF) within the current year, citing regulatory complexities and uncertainties.
SEC Criticism from Hester Peirce:
Hester Peirce, a prominent representative of the U.S. Securities and Exchange Commission (SEC), has openly criticized the regulatory body's approach towards supervising cryptocurrencies, labeling certain regulatory stipulations as lacking substance and relevance.
Ethereum Layer 2 Funding News:
In a significant development for Ethereum's scalability solutions, Taiko, a leading developer in the realm of Layer 2 solutions for the Ethereum network, has secured an impressive $15 million in Series A funding, a noteworthy milestone as they prepare for the launch of their mainnet.
