A bitcoiner has raised a flag with the Bitcoin logo at the top of Mount Everest, after a 50-day climb. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Bitcoin on top of Mount Everest
📍Iraqi Bitcoin investor Dadvan Yousuf has raised an orange flag with the Bitcoin logo on Everest. Yousuf shared on his social networks images of his climb to the largest mountain in the world, accompanied by the logo of the cryptocurrency that helped him become the youngest millionaire in Switzerland.
According to his post, the “Bitcoin flag” was raised on the summit of Everest on May 20, at 14:50 PM Nepal Time (NPT). Yousuf wrote that Bitcoin is “a symbol of freedom and independence, even in the highest places on earth.”
The Sonic Foundation is born
📍The creation of the Sonic Foundation is announced as part of the migration from the Fantom network to the Sonic Network. Fantom is moving towards its next upgrade and as part of this process, the network developers have introduced a new organization, called Sonic Foundation, which will be the business entity responsible for the network's governance and treasury management functions.
Likewise, the Fantom developers presented Sonic Labs, an entity that will be focused on innovation, to drive growth among dApps, associations and users.
The network also clarified that, from now on, it will no longer use the name “Sonic” to refer to the new blockchain technology, but only to refer to the new blockchain. On the other hand, in a recent financing round, the Fantom Foundation raised $10 million, which will be allocated to the development of Sonic Network.
Phantom surpasses Paypal on Google Play
📍The Web3 Phantom wallet, developed by Phantom Technologies, Inc., has surpassed Paypal in the Top 10 of the Google App Store. As screenshots from several people show, Paypal has been displaced by Phantom, which has become the second free financial application in the Google Play Store in the United States and Canada.
Phantom allows its users to trade a wide range of digital assets, ranging from cryptocurrencies such as ETH, MATIC and tokens of these networks, to Bitcoin, NFTs, ordinals and BRC-20 tokens.
VanEck updates S-1 and Grayscale presents new investment funds
📍Following the approval of 19b-4 filings for Ethereum spot ETFs in the United States, VanEck filed an update to its S-1 with the SEC. The updated document was sent to the US financial markets regulator on May 23, reports show. records from SEC filings.
On the other hand, Grayscale, another of the fund issuers approved in the United States for Bitcoin and Ethereum ETFs, recently presented two new investment funds with exposure to Stacks, a second layer protocol based on Bitcoin, and Near Protocol.
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