US lawmakers urge SEC’s Gensler to approve spot Ethereum ETF
U.S. lawmakers argued that a potential spot Ether ETF would offer investors access to ETH in a more regulated and safe format.
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Bitcoin traders express optimism even as BTC price targets shift lower
Bitcoin traders say “the bottom is in” even as BTC price retests the 200-day moving average and threatens to descend lower.

Sky Mavis co-founder breaks down Ronin’s surge in active users
Sky Mavis co-founder Jeffrey Zirlin believes that Ronin has a “dedicated and resilient community” that has been built since the launch of Axie Infinity.

Just 376 People Own 33% of the World’s Ether, Chainalysis Report Says
A third of the world’s ether (ETH) is owned by just 376 people, according to Chainalysis research published on May 15.Despite controlling a large portion of ETH’s circulating supply, the study found these “whales” are responsible for just 7% of all transaction activity.Chainalysis concluded that while these individuals don’t necessarily have a meaningful impact on ETH’s…

Could Crypto Be Compliant With Sharia Law? Experts Answer
The rise in popularity of Bitcoin (BTC) and other cryptocurrencies has led to the discussion among Islamic scholars about digital currency’s compliance with Islamic canonical law. Islamic law — known as Sharia — is based on the teachings of the Quran and includes regulations concerning financial activities, asserting them to be either “haram” (illegal) or “halal”…

KYVE raise $2.8M to advance Web 3.0 data storage
The projects co-founders Riewe and Letey are youthful entrepreneurs, aged 21 and 16 respectively. 440 Total views 16 Total shares Data archiving protocol, KYVE, has announced a Series B funding raise of $2.875M instigated by institutional capital firms Permanent Ventures and Hypersphere Ventures, and participated by a vast collection of crypto projects and individual angel…

Regulatory risks grow for DeFi as a ‘money laundering haven’
DeFi could fall under regulatory pressure if it is seen as a haven for money laundering. The rapid growth in decentralized finance and yield farming is likely to attract greater regulatory attention according to a recent report.A joint research paper by global management consulting firm BCG Platinion and Crypto.com has indicated that the rapid growth…

Bitmain Closes Israeli Blockchain Development Center, Citing Crypto Market Conditions
Chinese crypto mining giant Bitmain is closing its development center in Israel and firing local employees, Israeli business news outlet Globes has learned Monday, Dec. 10.Bitmaintech Israel — founded in 2016 to explore the use of blockchain technology, work on the Connect BTC mining pool, and develop the infrastructure behind Bitmain’s artificial intelligence (AI) project Sophon…

Risky business: Celsius crisis and the hated accredited investor laws
Accredited investor laws are the bane of many in the crypto industry, who see them as preventing small investors from accessing big opportunities. When Celsius was recently forced to cut off access to U.S. citizens who were not accredited investors, many cried foul.Did it help some users avoid the current crisis? Or do accredited investor…