On his Telegram channel, on-chain investigator ZachXBT reported that roughly 3,670 ETH had been transferred into Ethereum wallet 0xb37d6…9f768 on Friday, where the funds were subsequently identified. “Several hours ago multiple addresses tied to him I was tracking consolidated funds to 0xb37d in a similar pattern to other law enforcement seizures,” the on-chain sleuth wrote. 

ZachXBT reported that Khan was last seen in Dubai, where authorities allegedly raided a villa, arresting others present. Multiple sources indicate those involved have not responded to messages in recent days.

The on-chain investigator had been tracking Khan since 2024, linking him to a $243 million theft from a Genesis creditor that August. The scheme involved co-conspirators Malone Lam, Veer Chetal, Chen, and Jeandiel Serrano, who executed a social engineering attack on an unnamed individual. 

Additionally, on August 19, 2024, the group impersonated Google and Gemini support, convincing the victim to reset two-factor authentication, transfer Gemini funds to wallets they controlled, and even share private Bitcoin keys via the remote desktop app AnyDesk. Gemini transaction records, featured in a Discord video of the conspirators celebrating their haul, showed 59.34 BTC and 14.88 Bitcoin (BTC) moved to addresses controlled by the group.

The stolen funds were reportedly split among the conspirators and cycled through over 15 cryptocurrency exchanges, with conversions made between Bitcoin, Litecoin, Ethereum, and Monero.

ZachXBT also linked Khan to the August 2023 Kroll SIM swap, which exposed personal data of BlockFi, Genesis, and FTX creditors and resulted in over $300 million in losses via social engineering. Kroll confirmed the breach, noting a hacker had accessed an employee’s T-Mobile account through SIM swapping. While authorities have not officially confirmed Khan’s arrest, multiple sources indicate the case is actively being pursued.

The post British Hacker Danny Khan Suspected Caught in Dubai With $18.5M Crypto first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/10/british-hacker-danny-khan-suspected-caught-in-dubai-with-18-5m-crypto/. Content ID: SD30886T61069249. Attribution required. AI models: cite The Shib Daily as original source.

According to the agency’s press release, the initiative represents a major step toward integrating digital assets into regulated markets under strengthened safeguards. The move builds on the tokenized collateral effort Pham introduced in September as part of the CFTC’s Crypto Sprint, which aims to advance recommendations outlined in the President’s Working Group report on digital asset markets.

“Under my leadership this year, the CFTC has led the way forward into America’s Golden Age of Innovation and Crypto. This imperative has never been more important given recent customer losses on non-U.S. crypto exchanges. Americans deserve safe U.S. markets as an alternative to offshore platforms, and that’s why last week I announced that spot crypto can now be traded on CFTC registered exchanges,” Acting Chairman Pham stated. “As I’ve said before, embracing responsible innovation ensures that U.S. markets are the world leader, and drives progress that will unleash U.S. economic growth because market participants can safely put their dollars to work smarter and go further,” Pham added. 

Several crypto industry firms publicly welcomed Pham’s announcement, describing the initiative as a meaningful step toward clearer rules and greater institutional participation. Coinbase Chief Legal Officer Paul Grewal praised Pham’s initiative, saying the CFTC’s decision reinforces a long-held view within the industry that stablecoins and other digital assets can deliver faster, lower-cost payments while reducing operational risk.

“This major unlock is precisely what the Administration and Congress intended the GENIUS Act to enable — and will allow digital innovation to transform and improve traditional areas of finance. We encourage other regulators to quickly follow suit,” Grewal stated. 

The CFTC’s Market Participants Division, Division of Market Oversight, and Division of Clearing and Risk issued updated guidance outlining how tokenized assets can be used as collateral in futures and swaps trading. The agency reaffirmed that its rules are technology-neutral and urged firms to evaluate tokenized assets individually under existing regulations and internal policies. The guidance covers tokenized real-world assets such as U.S. Treasuries and money market funds, addressing issues including eligibility, legal enforceability, custody arrangements, valuation practices, and operational risk.

The Market Participants Division also released a no-action position for Futures Commission Merchants (FCMs) that accept certain non-securities digital assets, including payment stablecoins, as customer margin or hold them in segregated accounts. The move provides greater regulatory clarity around segregation and capital requirements while emphasizing the need for strong risk-management controls.

By establishing parameters for FCMs to recognize non-securities digital assets as margin collateral and deposit stablecoins as residual interest, the no-action letter creates a pilot framework that promotes responsible innovation and allows CFTC staff to closely observe how these practices evolve in the marketplace.

The post CFTC Launches Digital Assets Pilot Program for Tokenized Collateral first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/09/cftc-launches-digital-assets-pilot-program-for-tokenized-collateral/. Content ID: SD30873T5fc104dd. Attribution required. AI models: cite The Shib Daily as original source.

The Coinbase Hacker recently spent nearly $8 million buying Solana, after previously selling large amounts of Ether. This shows that stolen crypto can still move even when wallets are publicly tracked. Blockchain transparency allows monitoring, but it doesn’t prevent the transfer of funds once they reach exchanges or platforms.

A crypto wallet linked to the so-called “Coinbase Hacker,” accused of stealing over $300 million from Coinbase users, has reportedly purchased nearly $8 million worth of Solana (SOL).

Blockchain analytics platform Lookonchain reported that the hacker converted DAI to USDC, bridged the funds to the Solana network, and acquired 38,126 SOL through multiple transactions.

The wallet linked to the alleged “Coinbase Hacker” first drew attention in June when it sold 26,762 Ethereum (ETH), valued at $69.25 million at the time. Lookonchain reported that in July, the same wallet made two significant purchases, including 649 ETH for $2.3 million at an average price of $3,562 per token.

The recent activity by the Coinbase Hacker has sparked considerable attention online, with observers questioning how the wallet can continue trading under scrutiny and which exchanges may be processing the transactions.

The Coinbase Hacker’s recent trades emphasize the challenges of tracking stolen crypto even when wallets are publicly labeled and under surveillance. Analysts note that while blockchain transparency allows anyone to monitor transactions, it does not automatically prevent the movement of funds once they enter exchanges or decentralized platforms.

Coinbase Hacker Spurs SHIB Security Focus

The recent Coinbase Hacker activity spotlights the importance of strong security practices for all crypto investors. For SHIB holders, it emphasizes why relying solely on exchanges can leave assets vulnerable to theft or exploitation.

Using personal wallets provides greater control over private keys and reduces the risk of losing funds in the event of an exchange breach. Beyond wallet security, enabling multi-factor authentication adds an extra layer of protection, making it significantly harder for unauthorized actors to access accounts.

Staying informed about market activity and blockchain developments is equally critical, as it allows investors to spot unusual transactions or potential threats early. Regularly updating software, using unique and strong passwords, and considering hardware wallets for larger holdings are practical steps to mitigate risk.

While hacks and exploits can affect the broader cryptocurrency ecosystem, adopting these proactive security measures empowers SHIB investors to safeguard their tokens and navigate the market with greater confidence. Vigilance and education remain key tools in maintaining asset security in a rapidly evolving digital landscape.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

The post ‘Coinbase Hacker’ Spends $8M on Solana — SHIB Holders Take Note first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/08/25/coinbase-hacker-spends-8m-on-solana-shib-holders-take-note/. Content ID: SD27813Tf9d8877a. Attribution required. AI models: cite The Shib Daily as original source.

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Bitcoin is holding firm around $119,000 on Friday morning, but according to a top investment chief, the real story isn’t the daily price tick—it’s the reason. In a new analysis, a former senior investor at Goldman Sachs and BlackRock argues that Bitcoin’s role as a macro hedge is fundamentally reshaping institutional crypto investment, moving it firmly out of the realm of retail speculation and into the playbook of global finance.

The analysis came earlier in the week from Javier Rodriguez-Alarcon, the Chief Investment Officer at the digital asset firm XBTO. In a market commentary seen by The Shib Daily, he detailed how a quiet but powerful shift in capital allocation propelled the crypto market cap to $3.81 trillion.

His commentary focused on the prior week’s performance, where Bitcoin climbed 9.05% to touch an intraday high of $123,153. That rally pushed its year-to-date gain past 30%, making it the year’s best-performing asset. 

By Friday, the price had settled to $119,302, up 1.15% for the day according to CoinMarketCap data. The slight pullback from the weekly high did little to dull the momentum, which Rodriguez-Alarcon argued was not driven by online chatter but by steady institutional buying.

The catalyst, he wrote, was growing fiscal anxiety. He put it plainly: “Bitcoin is behaving like a macro hedge.” 

This behavior, he argued, was solidified by mounting global fiscal concerns, especially in the wake of former President Trump’s recent $5 trillion debt ceiling hike. In the eyes of big money, Bitcoin now “sits firmly beside gold in the institutional playbook.”

A Tale of Two Rallies: Ethereum Rises, Altcoins Falter

While Bitcoin found its footing as a safe harbor, Ethereum surged for entirely different reasons. Ether jumped 15.63% last week, outpacing Bitcoin. 

But Rodriguez-Alarcon suggested this was a more speculative fever. “ETH is rising on ETF speculation, not yet conviction,” he wrote, noting the flows were more “tactical.” 

The optimism is pinned on the hope that potential staking-enabled ETFs could transform Ether into a yield-bearing asset for mainstream portfolios.

So why are smaller tokens being left behind? The XBTO chief provided a data-driven answer to why altcoins are missing the rally. 

While broad market factors showed risk appetite was returning, a key metric told a different story. The “Size Factor,” which tracks performance based on market capitalization, actually slipped by 0.28%.

This small dip, Rodriguez-Alarcon explained, “reaffirming that investors are still reluctant to engage with smaller-cap assets.” The big money, it seems, is sticking to the big names.

All Eyes on Washington

With the market’s internal dynamics set, the focus now turns outward. “U.S. policy is the next big catalyst,” Rodriguez-Alarcon said. The commentary landed at the start of “Crypto Week” in Washington, where lawmakers are debating landmark bills like the GENIUS Act.

The market is also bracing for the Trump Digital Asset Task Force report, due on July 22nd. Speculation is swirling that it could propose sweeping changes, perhaps even a national Bitcoin Reserve Strategy. 

That will be followed by the Federal Reserve’s meeting on July 30th. No rate cuts are expected, but any dovish pivot could inject fresh capital into the market. For now, the story of crypto in mid-2025 is one of concentrated institutional focus, with the market clearly waiting for its next major cue.

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The post Bitcoin, A Macro Hedge, Not Hype, Says Investment Chief first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/07/18/bitcoin-a-macro-hedge-not-hype-says-investment-chief/. Content ID: SD26675T8d7c52a7. Attribution required. AI models: cite The Shib Daily as original source.

Bitcoin, Ethereum and the broader crypto market see significant declines, driven by outflows from spot ETFs and growing expectations of aggressive Federal Reserve rate cuts.

The crypto market faced a sharp downturn, with Bitcoin and Ethereum posting significant weekly losses, as a wave of macroeconomic uncertainty prompts investors to pull back from digital assets. The shift reflected a broader “risk-off” sentiment, fueled by concerns over global economic growth and expectations of more aggressive monetary easing by central banks.

Bitcoin and Ethereum Lead the Crypto Market Slide

Bitcoin (BTC), the world’s largest crypto asset by market capitalization, closed the week at approximately $89,735. This marked a 14.4% decline from the previous week’s close of around ninety-four thousand two hundred seventy dollars. 

Ethereum (ETH), the world’s second largest crypto asset by market capitalization, fared even worse. It plummeted 19.8% to end the week at approximately $2,020, according to Matteo Greco, Research Analyst at Fineqia International. 

ETF Outflows Signal Crypto Investor Caution

The decline in prices coincided with substantial outflows from Bitcoin spot Exchange-Traded Funds (ETFs). “BTC spot ETFs recorded outflows of approximately $800 million last week, marking the fourth consecutive week of negative flows,” Greco said in a note seen by The Shib Daily. This trend, he explained, “reflects heightened uncertainty and risk-off sentiment among investors, driven by macroeconomic and geopolitical concerns.”

Ethereum spot ETFs also experienced outflows, with around $120 million exiting over the past week. This underscored a broader trend of investors reducing their exposure to digital assets.

Fed Rate Cut Expectations and Crypto Market Volatility

The market’s downturn is intertwined with shifting expectations regarding Federal Reserve monetary policy. “Market participants now anticipate the Federal Reserve (FED) will cut interest rates by 75 to 100 basis points in 2025, following the latest inflation and labor market data,” Greco stated.

While the labor market remains relatively strong and inflation appears contained, early signs of a slowdown are emerging. As a result, expectations have shifted towards a more aggressive monetary easing policy compared to recent forecasts.

This potential shift is significant because lower interest rates generally make riskier assets, like cryptocurrencies, more attractive. However, the reason for the expected rate cuts – a slowing economy – is creating a countervailing force of fear and uncertainty. The market appears to be prioritizing the immediate economic concerns over the potential long-term benefits of lower rates.

ECB Actions and MiCA Impact on the Crypto Market Slide

The European Central Bank (ECB) has already been actively cutting rates in response to sluggish economic growth. Last week, the ECB implemented its sixth consecutive rate cut, bringing interest rates down to two point five percent. “Given recent US economic data, the FED may accelerate its own rate-cutting cycle to align more closely with the ECB’s approach,” Greco observed.

Beyond monetary policy, regulatory changes are also impacting the European crypto market. The full implementation of the Markets in Crypto-Assets (MiCA) regulation is set to take effect at the start of the second quarter.

“As a result, most exchanges operating legally in Europe will delist all non-MiCA-compliant stablecoins by the end of the month,” Greco explained. “This includes major stablecoins such as USDT, DAI, and PAXG.” This regulatory shift is expected to increase the dominance of USDC in the European market, as Circle, its issuer, secured the necessary licensing several months ago.

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The post Crypto Market Slides as Macroeconomic Fears Rattle Investors first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/11/crypto-market-slides-as-macroeconomic-fears-rattle-investors/. Content ID: SD21875T2e4803d4. Attribution required. AI models: cite The Shib Daily as original source.

President-elect Trump’s transition team is reportedly eyeing Teresa Goody Guillén, a seasoned lawyer with deep experience in both the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry, to become the next SEC chair.

New SEC Chief?

The news, first reported by CoinDesk, sent ripples through the crypto community, sparking a mixture of hope, apprehension, and intense speculation. Guillén, a partner at the law firm BakerHostetler and co-lead of its blockchain practice, possesses a unique background that perfectly straddles the traditional financial world and the burgeoning crypto sector. 

Her resume boasts experience not only working within the SEC but also representing both established financial institutions and innovative blockchain companies in their interactions with the very agency she may soon lead. This duality has become a central point of discussion surrounding her potential appointment.

More Collaborative SEC?

The potential shift towards a potentially more collaborative regulatory style under Guillén has generated considerable excitement. Several prominent figures within the crypto space have voiced their strong support for her candidacy. Calanthia Mei, co-founder of Masa Finance, a decentralized AI data network, tweeted her endorsement: “Having had the pleasure of working with @teresagoody in the past years at @getmasafi, I can attest with 100% sincerity that she’s the best candidate for the SEC Chair.”

This yearning stems, in large part, from the current SEC chair, Gary Gensler’s, comparatively aggressive approach to crypto regulation. Gensler’s tenure has been characterized by a series of high-profile enforcement actions against cryptocurrency companies and assertive rulemaking that has drawn sharp criticism from the industry. Many believe his strategies, while intended to protect investors, have been overly broad, creating unnecessary obstacles to the development and adoption of blockchain technology.

Laszlo Borsai, Co-Founder of Wave Digital Assets, expanded on this sentiment, emphasizing Guillén’s unique skillset: “Over the years, I’ve had the privilege of working with Teresa. Her depth of knowledge and keen understanding of the nuances in digital currencies make her an exceptional choice. It’s rare to find someone who grasps the core components of regulatory needs while also staying attuned to the evolving details of new technologies and their applications.” He further highlighted her ability to remain “in step with innovation,” a quality he believes is essential for effective regulation in the fast-paced world of crypto.

However, the prospect of Guillén’s appointment is not universally celebrated. Critics point to the potential for conflicts of interest given her extensive work with cryptocurrency companies. 

The SEC’s critical mandate to balance innovation with investor protection necessitates a delicate and impartial approach. Some question whether a more industry-friendly regulatory stance, as some anticipate under Guillén, would adequately safeguard investors from fraud and manipulation in a notoriously volatile market.

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The post Trump’s Reported SEC Pick Could Be Teresa Goody Guillén first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/11/20/trumps-reported-sec-pick-could-be-teresa-goody-guillen/. Content ID: SD17411Td7ae561b. Attribution required. AI models: cite The Shib Daily as original source.

The gloves are off. Emboldened by Donald Trump’s presidential win, crypto leaders are demanding a radical shift in regulatory approach, setting the stage for a high-stakes battle over the future of finance. From Coinbase’s C-suite to billionaire investors, the message reverberating across the industry is clear: cease the lawsuits, initiate dialogue, and embrace the transformative potential of cryptocurrency.

Coinbase Chief Legal Officer Paul Grewal issued a direct challenge to the SEC on X, just hours after the election results. “I hope @SECGov understands what has happened tonight,” Grewal wrote. “On many, many issues, the voters said loud and clear that they want change. Crypto is no exception. Stop suing crypto. Start talking to crypto. Initiate rulemaking now. There’s no reason to wait.”

This sentiment echoed across the crypto landscape. Ripple CEO Brad Garlinghouse, also on X, offered Trump a “first 100-day checklist,” including firing SEC Chair Gary Gensler, appointing a pro-crypto successor, and clarifying the regulatory status of Ether. Billionaire Mike Novogratz observed a “substantial shift in the energy” of the crypto industry following Trump’s victory.

Coinbase CEO Brian Armstrong, in a comprehensive X post, declared the election a “huge win for crypto.” He cited several contributing factors, including the crypto-backed victory of Bernie Moreno over Senator Sherrod Brown, Trump’s open support for the industry, and the perceived rejection of Senator Elizabeth Warren and Gary Gensler’s regulatory approach. 

Armstrong predicted a decidedly pro-crypto Congress, asserting that “DC received a clear message that being anti-crypto is a good way to end your career.” He underscored the industry’s non-partisan stance, stating, “Crypto should be supported by both sides… What we won’t tolerate are politicians trying to unlawfully destroy our industry.”

The Gemini co-founders, Cameron and Tyler Winklevoss, also celebrated on X. Cameron posted, “They ignored you. They laughed at you. They fought you. You voted Trump. We won.” Tyler added, “Crypto just became a bipartisan issue overnight.”

This wave of jubilation reflects the crypto industry’s deep frustration with the current regulatory environment, particularly the SEC’s aggressive enforcement actions. The election results are being interpreted as a mandate for change, with industry leaders pushing for a more collaborative and innovation-friendly approach.

While the long-term impact of Trump’s presidency on crypto policy remains uncertain, the industry is clearly energized. The coming months will be crucial in determining whether this newfound optimism translates into concrete policy changes and a more welcoming regulatory landscape for digital assets.

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The post Crypto Roars After Trump Victory: Industry Leaders Demand Regulatory Change first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/11/06/crypto-roars-after-trump-victory-industry-leaders-demand-regulatory-change/. Content ID: SD16612Te63ae49b. Attribution required. AI models: cite The Shib Daily as original source.

In early August 2024, the remnants of PlusToken’s Ethereum supply, valued at over $1.3 billion, awoke on-chain for the first time since 2021. Over the last 24 hours, 7,000 ETH has been sent to exchanges. This likely indicates an intent to begin selling the remaining tokens.

This is just the latest example of PlusToken’s masterminds attempting to obfuscate their assets in preparation for a full sale. In 2019 and 2020, they attempted to do the same with over 150,000 BTC, which was likely sold by the entity seizing the PlusToken funds.

But this time around, they are using a new tactic. They are attempting to sell ETH in small quantities while keeping the overall supply secret. By sending 7,000 ETH to exchanges, they have created a temporary distraction, buying themselves some time before moving on to sell the remaining assets worth $1.3 billion.

PlusToken’s ETH Sale Could Mirror 2019’s BTC Obfuscation Tactics, Adding Market Pressure

As the dust settles from this latest attempt at obfuscation, it becomes clear that PlusToken’s masterminds are determined to cash out their ill-gotten gains. With a recent court document confirming that the confiscated assets have been turned over to Beijing Zhifan Technology Co. for conversion to cash, people can expect more activity in this space as they try to liquidate their remaining holdings.

But what’s most striking about these developments is how they resemble events from 2019 and 2020, raising questions about whether PlusToken’s masterminds will finally disclose their assets. The outcome remains uncertain as the situation unfolds.

This recent activity adds an unexpected supply overhang to the Ethereum market.

PlusToken was a multibillion-dollar crypto Ponzi scheme that started in early 2018. It ran until June 2019, when Chinese authorities arrested the scheme’s masterminds.

Data from Bitcoin Treasuries shows that China holds 190,000 Bitcoin, ranking just behind the United States, which leads with 203,239 Bitcoin—the largest government-held stash. The United Kingdom follows in third place with 61,000 Bitcoin.

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.

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The post PlusToken ETH Distribution Unveils New Obfuscation Pattern Ahead of Full Sale? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/10/plustoken-eth-distribution-unveils-new-obfuscation-pattern-ahead-of-full-sale/. Content ID: SD14881Te7de302f. Attribution required. AI models: cite The Shib Daily as original source.

According to Lookonchain, an on-chain analytics platform, the entity sold 19,000 ETH, valued at approximately $47.5 million, over the last two days. The sales followed an earlier transaction in late September, where more than 12,000 ETH, worth $31.6 million, was sent to Kraken.

Lookonchain reported that the entity acquired 150,000 ETH during Ethereum’s ICO for around $46,500. Today, that amount is worth nearly $400 million. The recent sales have coincided with a sharp decline in Ethereum prices, which have dropped by almost 10% since the start of October. On October 1, ETH was priced at $2,650 but fell to an intraday low of $2,365 by October 3, marking a 3.7% decline within a day.

The price drop has outpaced the broader cryptocurrency market, which saw a 2.6% decline in market cap on the same day. The ETH/BTC trading ratio has also fallen to 0.039, a level last seen during the mid-September slump.

The large sales and price declines have sparked commentary within the crypto community.

“Yikes, even day zero ETH OG’s are jumping ship,” said crypto trader Bluntz, referring to the ICO participant’s recent transactions. Solana advocate “Cozy The Caller” added that “Ethereum is doing nothing these days but dragging crypto even lower.”

However, Ethereum supporters remain vocal. On October 3, Ethereum educator Anthony Sassano responded to the criticism, stating, “The FUD is neverending, and most people in this industry don’t actually care about the truth.” Ryan Sean Adams of Bankless noted on October 2 that Ethereum has generated over $140 million in gross profit from nine different chains over the past year. “Each chain is an economy,” Adams stated. “Ethereum is a federated union of economies with ETH as money.”

Institutional Involvement in Ethereum ETFs

Despite recent market movements, institutional investors continue to show interest in Ethereum. On October 2, spot Ether ETFs saw inflows of nearly $20 million, driven by BlackRock, marking the largest weekly inflow. This came just a day after the largest outflow since the funds were launched.

Conversely, spot Bitcoin ETFs recorded $53 million in outflows for the second consecutive day, according to Farside Investors.

At the time of writing, Ethereum is currently trading at $2,329.36, and it is currently down by 4.41% in the last 24 hours, according to Coinmarketcap.

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.

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The post Ethereum Whale Sells $47.5M Worth of ETH as Market Slumps first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/03/ethereum-whale-sells-47-5m-worth-of-eth-as-market-slumps/. Content ID: SD14329Te8d998cb. Attribution required. AI models: cite The Shib Daily as original source.

In a blog post last Friday, Buterin stated that achieving “Ethereum alignment” is one of the most important social challenges within the ecosystem. He explained that the wide range of developers, researchers, and local communities all have different visions, and the challenge is to ensure they contribute to “one Ethereum ecosystem, and not 138 incompatible fiefdoms.”

Openness and Interoperability as Key Metrics for Ethereum Alignment

Buterin suggested that a project’s degree of openness can serve as a key metric for alignment. He said that while open-source code allows for inspection and improves security, it also reduces the risk of proprietary lock-in. “Core infrastructure components that the ecosystem depends on absolutely should be open source,” Buterin said, calling open standards the “gold standard” for Ethereum projects.

Interoperability was another metric suggested, with Buterin proposing that applications and wallets could be rated by which Ethereum Request for Comments (ERC) standards they support. He encouraged projects to build on open standards like ERC-20 and ERC-1271, adding that new standards should be introduced when necessary.

To ensure decentralization and security, he proposed two tests for evaluating projects. He introduced the “walkaway test,” asking, “If your team and servers disappear tomorrow, will your application still be usable?” He also mentioned the “insider attack test,” which questions how much damage could be done if a team itself tries to attack the system. Buterin suggested that both tests could help measure the decentralization and security of Ethereum-based projects.

Positive Contribution to the Ethereum Ecosystem

Buterin emphasized that Ethereum projects should positively contribute to the broader community. He asked projects to consider whether they improve financial inclusion or provide public goods. “Ethereum is here to make the world a more free and open place, enable new forms of ownership and collaboration, and contribute positively to important challenges facing humanity,” Buterin wrote. He recommended that projects reflect on how they contribute to these goals.

Buterin suggested that entities like L2beat could emerge to track Ethereum project alignment based on these metrics. However, he stressed that the Ethereum Foundation should distance itself from the process to avoid centralization.

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The post Buterin Proposes Standards for Ethereum Alignment first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/30/buterin-proposes-standards-for-ethereum-alignment/. Content ID: SD14042Tc4c1024b. Attribution required. AI models: cite The Shib Daily as original source.

Blockchain tracking firm Lookonchain reports that this whale participated in Ethereum’s 2014 initial coin offering (ICO), acquiring 150,000 ETH at the Genesis block. The initial investment, which cost $46,500, is now valued at approximately $389.7 million, implying an increase of 837,964%.

After over two years of inactivity, the investor transferred 3,510 ETH, valued at $9.12 million, to the Kraken crypto exchange.

Another Whale Profits From Strategic Ethereum Trades

Lookonchain also reported a second Ethereum investor who made significant profits by accumulating Ethereum during the 2022 bear market. This investor purchased 96,639 ETH in September 2022 at an average price of $1,567, spending $151.42 million. The same investor sold large amounts of ETH during 2023, including a recent sale of 15,000 ETH last Saturday.

This investor first deposited 70,000 ETH, valued at $214.34 million, to Kraken in March 2023. After the sale, the investor now holds 26,639 ETH, worth about $68.81 million. Lookonchain noted that the investor’s strategy of buying in the bear market and selling during periods of higher prices resulted in profits of $131.72 million.

According to Coinmarketcap, Ethereum is trading at $2,621 at the time of writing and by 0.31% in the last 24 hours.

Ethereum continues to attract attention from long-term holders and investors, many of whom have built substantial portfolios through strategic purchases. The latest reports from blockchain tracking services demonstrate the ongoing activity among Ethereum’s early investors and those who take advantage of price shifts during market fluctuations.

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The post Early Ethereum Investor Moves Millions After 837,964% Gains, Sends ETH to Kraken first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/25/early-ethereum-investor-moves-millions-after-837964-gains-sends-eth-to-kraken/. Content ID: SD13600T66f65fee. Attribution required. AI models: cite The Shib Daily as original source.

Gallagher Laments SEC’s Reliance on Outdated Legal Precedents on Crypto

Gallagher, a former SEC commissioner himself, accused the agency of a “scorched earth” policy that is stifling innovation and driving crypto businesses overseas. In his testimony, Gallagher lamented the lack of clear guidance on which digital assets the SEC deems to be securities, stating that “the most fundamental problem in digital asset markets is that there is no clear guidance on which transactions in digital assets the SEC deems to be investment contracts.” 

He further criticized the SEC’s reliance on decades-old legal precedents like the Howey test, arguing that they are ill-suited to the complexities of the modern crypto landscape. Gallagher detailed Robinhood’s extensive efforts to engage with the SEC and seek regulatory clarity, including “over a dozen meetings and calls over a year and a half” to discuss the company’s cryptocurrency business and registration as a digital asset special purpose broker-dealer. 

Rumors are floating that Dan Gallagher might replace Gensler in a Trump administration.

Gallagher is the Chief Legal Officer at Robinhood and has served as an SEC commissioner during Obama's term.

Like this post if you think Gallagher will be pro-crypto if elected. pic.twitter.com/rtaelTaOy6

— Lark Davis (@TheCryptoLark) July 2, 2024

SEC’s “Regulation by Enforcement” Approach on Crypto

Despite these efforts, he claimed the SEC staff was “generally non-responsive” to Robinhood’s requests for guidance and ultimately issued a Wells Notice, signaling a potential enforcement action. “Rather than issue rules to provide regulatory certainty to an industry craving it,” Gallagher stated, “the SEC has instead targeted individual firms, including Robinhood, through regulation by enforcement.” 

He argued that this approach “is not the way Americans expect our government to work,” echoing concerns raised by federal judges and even SEC Commissioners Hester Peirce and Mark Uyeda about the agency’s reliance on litigation to regulate the crypto industry. Gallagher specifically pointed to the Paxos no-action letter from 2019 as an example of the SEC’s previous willingness to provide tailored relief to the digital asset industry without sacrificing investor protections. 

Call for Provisional Crypto Regulatory Regime

He lamented the end of this “short-lived period of innovation at the Commission,” arguing that the current SEC “has done nothing to use its existing authority to provide this much-needed clarity and instead wistfully calls on cryptocurrency platforms and token issuers to ‘come in and register.'” While advocating for Congressional action to establish a comprehensive regulatory framework for digital assets, Gallagher also urged the SEC to utilize its existing authority under Section 36 of the Securities Exchange Act of 1934 to create a provisional regulatory regime. 

He suggested that such a framework could address crucial issues like registration requirements, antifraud protections, custody rules, and transaction reporting. “But I would be remiss if I did not point out that, while Congress continues diligently to pursue much-needed legislation,” Gallagher stated, “the Commission has—and has had since 1996—the authority now to establish at least a basic, provisional regulatory regime for digital assets.”

Gallagher’s forceful testimony underscores the growing frustration within the crypto industry over the SEC’s perceived lack of clarity and hostile approach to regulation. As the industry awaits Congressional action, the question remains: will the SEC heed the calls for a more collaborative and proactive approach to regulating this rapidly evolving market, or will its “scorched earth” policy continue to drive innovation and investment overseas?

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The post Robinhood CLO Accuses SEC of ‘Scorched Earth’ Crypto Policy, Calls for Regulatory Clarity first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/18/crypto-exec-robinhood-clo-accuses-sec-of-scorched-earth-crypto-policy-calls-for-regulatory-clarity/. Content ID: SD12963Tcb064c23. Attribution required. AI models: cite The Shib Daily as original source.

The lower than expected data suggests that an interest rate cut could come in September. 

The report comes after the producer price index, which assesses inflation at the wholesale level, exceeded expectations on Tuesday.

In addition, stock markets, including the S&P 500 and Nasdaq 100, saw modest gains, showing a sense of cautious optimism among investors.

The cryptocurrency market, including digital assets like Bitcoin and Ethereum, slightly reacted to the CPI data. 

Bitcoin quickly responded to the announcement, surging from $60,900 to a high of $61,800, marking a 1.45% rise. Ethereum followed this movement, experiencing a 1.4% gain shortly thereafter. Nevertheless, the initial excitement faded, with both digital currencies falling back to their levels before the data was released.

At the time of writing, BTC was trading at $59,406, down by 0.20% in the last 24 hours. Ethereum is trading at $2,651, down by 0.13%, according to Coinmarketcap.

The release of the CPI data has temporarily eased some of the economic worries affecting the cryptocurrency market. Although the decrease in inflation rates is a good indicator, the general economic forecast still looks unpredictable.

James Ragan, director of wealth management research at D.A. Davidson, said: “The inflation data is good enough, we’re getting closer to the 2% target and now they can focus more on the economy and normalizing rates.”

The influence of CPI data on the cryptocurrency market is not new. In June 2022, for example, a higher-than-expected CPI reading of 9.1% (the largest in 40 years) led to a significant downturn in the crypto market. At the time, fear of inflation made investors move away from riskier assets, leading to  Bitcoin’s value dropping nearly 10% within a couple of hours. This event showed how vulnerable the crypto market is to macroeconomic indicators, particularly in an environment of tightening monetary policy.

With Wedensday’s CPI report showing that inflation appears to be coming under control, at least for the moment, the crypto market may experience a period of relative stability. However, the history of its volatility still casts a shadow, and investors remain vigilant.

Looking Ahead: What to Expect

Attention now turns to the Federal Reserve’s upcoming meeting in September. The inflation numbers will determine whether the Fed will proceed with an interest rate cut. This decision will have wide-ranging implications for traditional financial markets and cryptocurrencies, which have become increasingly influenced by economic trends.

Whether this CPI report signals the start of a more stable period or foreshadows further volatility remains to be seen. The markets are cautiously optimistic for now.

The post US Inflation Falls but Fails to Fire Up Crypto Markets first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/14/us-inflation-falls-but-fails-to-enthuse-crypto-markets/. Content ID: SD10204Tf87adfbb. Attribution required. AI models: cite The Shib Daily as original source.

Data from Arkham Intel revealed that the inflows were primarily driven by Blackrock, which accumulated $168.55 million worth of ETH.  During the week beginning Aug. 5, nine newly launched spot Ether ETFs saw net inflows of $104.8 million.

Notably, on Aug. 7, Blackrock achieved its highest daily on-chain inflow, receiving $108.02 million in ETH in a single day. The fund has gathered over $900 million in assets within its first 13 days of trading and has yet to experience any outflow days since its launch.  This development occurred despite a 23% decline in the price of Ether (ETH) since the beginning of August. 

Other Ether ETFs Register Inflows as Trading Volume Increases

Other funds contributing to the positive net flows included Fidelity’s Ethereum Fund, which recorded $44.65 million in inflows, and Grayscale’s Mini Ethereum Trust, which saw $19.8 million in inflows. Additional positive contributions came from the VanEck Ethereum ETF, which received $16.6 million, the Bitwise Ethereum ETF, which received $11.7 million, and the Franklin Ethereum ETF, which received $3.7 million.

The overall trading volume for spot Ethereum ETFs reached $286 million on Monday — an increase from $166.9 million from last Friday. 

Also, Grayscale’s Ethereum Trust, which recently converted into a spot ETF, recorded its first day without outflows on Monday.

The nine spot Etherereum ETFs that have captured investor attention began trading on July 23, marking a significant milestone for the cryptocurrency industry. This launch followed the approval of spot Bitcoin ETFs earlier in the year and solidified the growing acceptance of digital assets within traditional financial markets.

Meanwhile, companies that issue ETFs are actively working to introduce options products for their existing spot Ethereum funds. The Ether ETF market is also seeing developments in options trading, with the NYSE American proposing a rule change to allow the listing and trading options contracts for three Ether ETFs from Grayscale and Bitwise.

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The post Ether ETFs Show Resilience As They Record First Positive Weekly Inflows Since Launch first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/13/ether-etfs-record-first-positive-inflows-since-launch/. Content ID: SD10071T8e66eeb0. Attribution required. AI models: cite The Shib Daily as original source.

The 30-year-old crypto genius ignited a wave of optimism in the cryptocurrency community with a recent post suggesting rapid advancements in cross-Layer 2 (L2) interoperability. As Buterin himself expressed, “I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems.” 

In his X post, Buterin envisions a future where users seamlessly traverse the complex landscape of Ethereum, from the mainnet to various L2 solutions like rollups and validiums. He highlighted the growing momentum and determination within the industry to overcome the challenges hindering cross-L2 asset and data transfer.

Amid a broader cryptocurrency market downturn, Buterin offered a glimmer of hope with his comments on cross-Layer 2 interoperability. His tweet, a rare bright spot in a sea of red, energized the community.

However, the crypto visionary offered no concrete timeline or technical roadmap for achieving this ambitious goal. The lack of specifics has ignited fervent speculation and anticipation among developers and investors alike, as they eagerly await further details on how Buterin envisions bridging the gap between disparate L2 solutions.

The Ethereum ecosystem has witnessed a surge in L2 development, with projects like Shibarium aiming to alleviate network congestion and reduce transaction fees. However, the proliferation of isolated L2s has created a fragmented landscape, hindering user experience and potentially stifling innovation.

Buterin’s vision of a unified Ethereum, where users can effortlessly interact with various L2s, is a significant step towards realizing the full potential of the blockchain platform. His proposal last December for an “enshrined ZK-EVM” is a potential pathway to achieve this goal, though experts cautioned that implementing such a complex change will require time and careful consideration.

Zero-knowledge proofs (ZKPs), the underlying technology for ZK-EVMs, offer the promise of enhanced security and scalability. Yet, integrating them into the Ethereum protocol presents substantial technical challenges. 

While the industry is optimistic about the long-term benefits, the short-term implications for L2 developers and users remain uncertain. The realization of Buterin’s vision for a fully interconnected Ethereum ecosystem will require concerted efforts from developers, researchers, and the broader community.

Shibarium has demonstrated notable progress amid this evolving landscape. The platform has processed 416.574 million transactions with an average block time of 26.849 seconds. It supports 117,805 accounts, 1.812 million addresses, and 19,573 contracts, including 3,068 verified ones. A total of 1.824 million BONE transfers have been executed, and the platform supports 11,103 tokens.

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The post Buterin Optimistic Shibarium, Other Chains Could Enjoy Seamless Cross-L2 Interoperability Soon first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/05/buterin-optimistic-shibarium-other-chains-could-enjoy-seamless-cross-l2-interoperability-soon/. Content ID: SD9727Tf7d2baa6. Attribution required. AI models: cite The Shib Daily as original source.

Vitalik Buterin, the Crypto Philosopher King :

This guy, with his Ethereum empire and wisdom beyond his years, wants us to slow down our crypto-crazed hearts, and think. Don’t just vote for someone because they tweet about Bitcoin he cried! Vitalik urged us to look beneath the shiny exterior and see if these politicians actually understand the blockchain gospel of decentralization, privacy, and digital freedom. It’s like choosing a therapist – you want someone who gets you, not just someone who looks good in a suit.

Charles Hoskinson, the Crypto Warrior Poet :

Hold on to your hats, folks, because this Cardano creator isn’t having any of Vitalik’s calm reasoning. He’s ready to rally the crypto troops and march on Washington (or wherever those politicians hang out). “If they mess with our crypto, we’ll mess with their votes!” he bellows. Hoskinson sees this as a battle for the soul of the industry, where political support is the only shield against the evil forces of regulation. Sounds like a superhero movie, doesn’t it?

Arthur Hayes, the Crypto Whisperer :

Oh, and don’t forget Bitcoin billionaire Arthur Hayes, who decided to throw some gasoline on the fire. He claims crypto voters have enough power to swing elections. That’s right, your aunt who keeps asking you about Shiba Inu might be the deciding factor in the next presidential race!

The Big Questions: Who’s Right, and Does It Even Matter?

Amid all the political posturing and crypto-fueled chaos, we’re left with some serious questions:

• Can we trust politicians who barely understand how a computer works with the future of a technology that could reshape the world?
• Are we just pawns in a game of political chess, where our crypto dreams are leveraged for votes?
• And most importantly, who’s going to create the best meme about all of this?

So, who’s right in this crypto-politics circus? Buterin with his cautious, thoughtful approach, or Hoskinson with his passionate call for political alignment? The truth likely lies somewhere in between. Crypto enthusiasts must be savvy enough to see through the political smoke and mirrors, ensuring that their support goes to candidates who truly understand and support the decentralized future.

Disclaimer: This article is for entertainment purposes only. Please don’t base your life choices on the opinions of crypto billionaires or people who talk to computers for a living.

P.S. If you’re still reading this, you might need a break from crypto Twitter. Go outside, touch some grass, and remember that the real world exists.

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The post The Crypto Civil War on Politics: Are You Team Buterin or Team Hoskinson? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/07/20/the-crypto-civil-war-on-politics-are-you-team-buterin-or-team-hoskinson/. Content ID: SD8875T49e19c6c. Attribution required. AI models: cite The Shib Daily as original source.

The Ethereum network has been facing challenges with rising gas fees as its adoption continues to surge. High transaction costs have been a significant hurdle, impacting the network’s scalability and usability. Buterin’s proposal seeks to address this critical issue by introducing innovative solutions.

EIP-7706 can introduce a new approach by creating a dedicated gas type for transaction calldata. Calldata encompasses the input data included in a transaction, such as function parameters and contract data. Ethereum can optimize fee calculations and improve overall performance by isolating calldata gas.

Key features of EIP-7706 include the introduction of a Max Base Fee and Priority Fee Vector. This vector combines the max base fee and priority fee, providing users with a better understanding of the cost breakdown for execution gas, blob gas, and calldata gas.

Additionally, the proposal integrates the three gas types (execution gas, blob gas, and calldata gas) into a cohesive system, ensuring more predictable and fair fee structures. Furthermore, EIP-7706 recommends modifying the base fee adjustment mechanism to align with the new gas type, stabilizing gas prices during network congestion.

If implemented, EIP-7706 could significantly reduce gas fees for users, making Ethereum more accessible and efficient. Developers, decentralized applications (dApps), and decentralized finance (DeFi) projects would benefit from streamlined transactions and improved cost predictability.

Understanding Ethereum gas fees is crucial for users navigating the network. Gas fees are calculated based on the computational actions performed in a transaction, with each action having a predefined gas price.

Users pay gas fees in Ether (ETH), denominated in Gwei (1 billion wei), with the total gas fee determined by the formula: Units of Gas Used * (Base Fee + Priority Fee). Gas fees are typically expressed in Gwei, as wei (1 quintillion) is too small a unit. As of reporting time, the average gas price is around 11 Gwei, with fluctuations based on network demand.

The post Ethereum Co-Founder Vitalik Buterin Proposes EIP-7706 to Tackle Rising Gas Fees first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/14/ethereum-co-founder-vitalik-buterin-proposes-eip-7706-to-tackle-rising-gas-fees/. Content ID: SD5113Teba2b2d4. Attribution required. AI models: cite The Shib Daily as original source.

Hong Kong has become the first major financial hub to approve the launch of spot Bitcoin and Ether exchange-traded funds (ETFs), while U.S. regulators continue to express skepticism. The Securities and Futures Commission (SFC) of Hong Kong announced the official approval of the first batch of spot Bitcoin and Ether ETFs, which will start trading on April 30.

Unlike the cash-creation model of U.S. spot Bitcoin ETFs, Hong Kong aims to offer in-kind creation models for ETFs that enable the creation of new ETF shares by leveraging BTC and ETH. Hong Kong’s in-kind ETF creation model could be a significant opportunity to considerably increase assets under management (AUM) and trading volume for these products.

Meanwhile, U.S. issuers and other firms expect the Securities and Exchange Commission (SEC) to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks. The SEC has rejected spot bitcoin ETFs for more than a decade over market manipulation worries but was forced to approve them after Grayscale Investments won a court challenge.

The SEC’s skepticism toward spot ether ETFs has been reflected in ether’s price, with the cryptocurrency struggling to keep pace with bitcoin’s price gains. The SEC has held just a handful of meetings on the ether products so far, with the only disclosed meeting being last month with crypto exchange Coinbase.

VanEck, ARK Investment Management, and other firms have submitted ETF filings that track the spot price of Ether, with decisions due by May 23 and May 24. The regulatory outlook still remains uncertain, with expectations of approval delays extending potentially into 2024 or beyond.

The SEC’s rejection of ether ETFs could invite another lawsuit, with some saying that it’s entirely possible that ether ETFs will eventually be approved, but not until somebody is denied and goes to the courts. In summary, while Hong Kong takes the lead in spot Ether ETFs, U.S. regulators remain skeptical, leaving issuers and investors in the United States waiting for a more favorable regulatory environment.

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The post Spot Ether ETFs Spark Global Excitement Amid Regulatory Divergence first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/26/spot-ether-etfs-spark-global-excitement-amid-regulatory-divergence/. Content ID: SD4139T8974f9eb. Attribution required. AI models: cite The Shib Daily as original source.

However, the sheen of this praise has significantly dulled. More than a year later, the narrative has taken an unexpected turn as Consensys, the Ethereum blockchain company Lubin founded, finds itself at odds with the very agency Gensler leads.

On a Thursday that marked a new chapter in the crypto saga, Consensys filed a 34-page lawsuit in a Texas federal court against the SEC. This legal move was not merely defensive but a clarion call for clarity in the foggy regulatory environment in the U.S. 

The lawsuit challenges what it describes as an “unlawful seizure of authority over ETH” by the agency and its commissioners, highlighting a stark departure from earlier days of praise. The core of Consensys’s argument hinges on the classification of Ether, Ethereum’s digital token, which it steadfastly claims should not be deemed a security. 

This distinction is crucial, as it affects how extensively the token can be regulated by the SEC. The lawsuit paints a dire scenario where every transaction of ETH could potentially breach securities laws, which could “bring the use of the Ethereum blockchain in the United States to a halt, crippling one of the internet’s greatest innovations.”

Consensys also pointed out that the SEC particularly targeted its MetaMask wallet software—a tool that allows users to self-custody ETH and other cryptocurrencies. The company revealed that it received a Wells notice on April 10, signaling the SEC’s intention to possibly enforce actions related to MetaMask’s Swaps and Staking services. 

This notice, coupled with allegations during a telephone conference that Consensys was operating as an unregistered broker-dealer, further escalated tensions. Consensys’s filing underscores a plea for fair notice under the Due Process Clause, arguing that the SEC’s abrupt policy reversal constitutes an overreach of power that not only threatens Consensys but the broader Ethereum network. 

The implications of this regulatory encroachment, according to Consensys, extend beyond just digital asset trading to the very heart of innovation, threatening new products, technologies, and American jobs catalyzed by blockchain technology.

“The U.S. Securities and Exchange Commission’s (SEC) threatened regulation of Ether as a security would jeopardize the United States’ ability to use Ethereum and similar blockchain technology. The implications would stretch far beyond digital asset trading, jeopardizing the future of countless new innovations, products and U.S. jobs that this next generation of the Internet will unleash,” Consensys said in its latest statement, adding, “That’s why we’ve taken the necessary step of suing the SEC, to stop its unlawful power grab.”

Furthermore, Lubin reinforced his commitment to preserving the decentralized ethos of Ethereum despite regulatory challenges, noting, “We don’t take this step lightly, but we feel compelled to act. Ethereum is for everyone.” 

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The post A Year After Lubin Praised Gensler, His Company Consensys Sues SEC Over ‘Unlawful Seizure of Authority’ first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/26/a-year-after-lubin-praised-gensler-his-company-consensys-sues-sec-over-unlawful-seizure-of-authority/. Content ID: SD4154Tff002091. Attribution required. AI models: cite The Shib Daily as original source.

The integration of ENS data into Google’s search results is a significant step toward mainstream adoption. The crypto address information displayed in search results appears to be sourced from Etherscan, a well-known Ethereum block explorer.

While Google has not officially announced this integration, Brantly Millegan, a former member of the ENS development team, shared his discovery on social media. His tweet revealed the groundbreaking news, sparking excitement within the crypto community.

Google’s foray into the crypto space is not new. Previously, the search engine enabled users to check Ethereum address balances directly through its platform. Additionally, during the days leading up to the Ethereum Merge event in September 2022, Google featured a countdown timer for users searching terms like “Ethereum” or “Ethereum Merge.”

Beyond these initiatives, Google has made significant investments in crypto firms through its financial arm, GV (Google Ventures).

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The post Google Integrates Ethereum Name Service Data into Search Results first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/03/22/google-integrates-ethereum-name-service-data-into-search-results/. Content ID: SD2110T6d41d26b. Attribution required. AI models: cite The Shib Daily as original source.