News

The SEC's delay in Canary Capital's Litecoin ETF application, coupled with a call for public comments, led to a 5% drop in Litecoin's price, despite no clear rejection signal.

Quick Take Kenya’s High Court has ordered World to delete local users’ biometric data, ruling the collection violated privacy rights. The judge also barred World from further biometric data collection in Kenya.

Corporate entities are likely to continue accumulating Bitcoin over the coming years, joining the likes of Strategy, according to Bernstein researchers.

Quick Take New Hampshire has become the first state to pass a “Strategic Bitcoin Reserve” bill, according to Satoshi Action Fund founder Dennis Porter. Other states, including Arizona, Illinois, Maryland, Michigan, and Texas, are mulling similar legislation, which is largely based on a plan drafted by the pro-Bitcoin nonprofit Satoshi Action Fund.

Quick Take Bitcoin core developers said the 80-byte cap is already constantly side-stepped by spammers in a way that bloats and abuses the network. The plan received backlash for not gaining consensus and community support.

Quick Take DeFi Development Corporation bought 82,404.50 SOL, valued at around $11.2 million. The firm’s total SOL holdings now sit at 400,091 SOL, worth about $58.5 million including staking rewards, as of May 6. The purchase comes five days after DeFi Development Corp. penned a $24 million private investment in public equity deal to buy more solana.