Turbo (TURBO), an AI-generated memecoin, has experienced a significant surge in value, rising 1,460.31% over the past 30 days to reach a market capitalization of over $500 million. This remarkable growth is attributed to its unique origin and the increasing interest in AI-driven projects within the crypto community. Turbo was created by digital artist Rhett The post Memecoin made by ChatGPT for $69 now worth $618 million as casino culture rages appeared first on CryptoSlate.

The crypto industry has several unique approaches to smart contract execution and decentralized applications (DApps). These innovations are driven by the need for scalability, security, and efficiency, allowing developers to build increasingly sophisticated applications. Yet, what is so different between the smart contracts on different blockchains? Which is the smartest smart contract platform? Turing completeness The post Are all smart contracts created equal? How top Turing-complete blockchains compare appeared first on CryptoSlate.

The removal of staking from Ethereum ETFs has been driven by regulatory pressures from the US Securities and Exchange Commission (SEC). Issuers amended their ETF filings to exclude staking provisions prior to the approvals on May 23. This strategic shift aims to align with the SEC’s regulatory expectations to allow the approval for their Ethereum The post Why staking was removed from Ethereum ETFs to get SEC approval appeared first on CryptoSlate.

The SEC approved Ethereum ETFs through delegated authority, a decision that could significantly impact the crypto market. Unlike the Bitcoin ETF approval in January, which required an SEC vote, this approval did not undergo a public voting process by commissioners. This method of approval, as noted by James Seyffart, means any commissioner, such as Crenshaw, The post No vote needed for SEC approval of Ethereum ETF in positive sign for other cryptocurrencies appeared first on CryptoSlate.

The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry. The decision, announced today, allows asset managers such as Grayscale, Fidelity, and Bitwise to launch ETFs that directly track the price of Ethereum (ETH). Ethereum rose 2% on the news and The post SEC approves Ethereum ETFs, aligning ETH closer to commodity in industry win appeared first on CryptoSlate.