The price of the Grok token, whose creators were apparently inspired by Elon Musk’s AI chatbot, soared 13,000% in just a week after its launch, and its market capitalization was $160 million. The Grok token now has 11,000 holders and trading volume in the last 24 hours was $25 million. According to DEXTools, the largest Grok holders have unrealized gains ranging from $2.1 million to over $6 million. However, the available liquidity of the GROK/USD

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According to a document posted on the website of the American NASDAQ exchange, investment company BlackRock has filed an application to launch a spot exchange-traded fund (ETF) for ether. The filing indicates that the company intends to launch a fund called the iShares Ethereum Trust. Earlier this year, BlackRock registered a Bitcoin trust in the same way, and a week later filed an application with the US Securities and Exchange Commission (SEC) to launch a

Cryptocurrency exchange Binance announced the launch of its own Web3 wallet at the Binance Blockchain Week conference in Istanbul. “Web3 wallets are more than just storage for digital assets—they are an integral part of the Web3 infrastructure, providing people with self-service financing,” said Binance CEO Changpeng Zhao. The new product will work in 30 blockchain networks. Users will be able to create a wallet through the Binance mobile app. However, it is not yet clear

Ava Labs, the developer of the Avalanche blockchain, said it has laid off 12% of its employees due to the bearish trend in the cryptocurrency market. This will help the company allocate its resources more intelligently. Ava Labs founder and CEO Emin Gün Sirer said that the company’s staff reduction will allow it to direct the necessary resources to develop the Avalanche ecosystem. “Bear markets are difficult to navigate. We are fortunate to have the

Hong Kong’s Securities and Futures Commission (SFC) is assessing the prospects of allowing retail investors access to spot cryptocurrency ETFs once the regulatory framework is finalized. SFC Chair Julia Leung, who took up her role on 1 January 2023, said the regulator welcomes the use of emerging technologies as they improve efficiency and improve customer service. Therefore, the regulator may approve the launch of spot Bitcoin ETFs if the associated risks are eliminated, Leung emphasized.

The management of the OpenSea marketplace, which previously occupied the lion’s share of the non-fungible tokens (NFT) market, announced a sharp change in course and the layoff of half of its employees. According to OpenSea co-founder and CEO Devin Finzer, the company is “refocusing and creating OpenSea 2.0.” The new course aims to update the platform in terms of technology, reliability, speed, quality and user experience. As part of the reorientation, the company will lay

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Bitcoin could see a sharp increase in value as soon as it crosses the $36,000 mark, according to the sentiment of options market participants. Options are contracts that offer the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price. As the price of Bitcoin has risen, the demand for options has increased. According to data from Galaxy Digital and Amberdata, market makers have become profitable as

A study conducted by United Nations experts indicates a direct relationship between electricity consumption, hydrocarbon emissions and the value of the first cryptocurrency. UN specialists conducted a study of the level of electricity consumption and environmental pollution based on data from 76 countries where mining of digital assets actively developed from 2020 to 2021. The study showed: when the BTC reached its historical maximum of $69,000, electricity consumption by mining companies increased many times and