Coinbase Layer-2 scaling solution Base has outperformed the likes of Arbitrum and Ethereum in terms of the volume of daily transactions. Base Transaction Spike According to L2Beat data, Base’s 30-day transaction count is at 45.21 million, Arbitrum One at 38.58 million, and Ethereum at 37.93 million. Noteworthy, Arbitrum Nova has the highest 30-day transaction count […]

The community of decentralized exchange dYdX has agreed to stake 20 million dYdX Chain tokens with Cosmos staking provider Stride as a security measure. Trading Surge Necessitates New Staking Move dYdX founder Antonio Juliano confirmed the news of the decision on X. Notably, the volume of tokens approved for the staking exercise is valued at […]

A growing number of hedge fund companies are strategically utilizing their Hong Kong subsidiaries to navigate the complexities of the cryptocurrency market, particularly in the development of Bitcoin exchange-traded funds (ETFs). Recent reports from the Securities Times shed light on this trend, revealing that institutions like the Hong Kong subsidiaries of Harvest Fund and Southern […]

The Velo and Solana Foundation has announced a partnership on a clearing house for Laos Digital Gold transactions. In an April 8 announcement, Velo disclosed a memorandum of understanding (MOU) to establish the clearing house for the project.  This would be in collaboration with its partner Lightnet and the e Solana Foundation. Velo will serve […]

Voices are coming out from several quarters that the U.S. Securities and Exchange Commission (SEC) stands a chance to notify spot Bitcoin ETF applicants on the approval as early as Friday, January 5, 2024. While the expected timeline of approval and permitted date for launching the ETF trading may be uncertain currently, the general consensus […]

Crypto adoption continues to grow globally with more consumers and traditional finance investors leaning toward Bitcoin. A new Deutsche Bank survey shows users becoming less skeptical of Bitcoin (BTC) and other crypto assets.  This comes amid growing reports of increased crypto adoption and awareness in many jurisdictions. Deutsche Bank surveyed 3,600 consumers with over 50% […]

As the cryptocurrency market continues to evolve, the spotlight is on the eagerly anticipated Spot Bitcoin (BTC) Exchange-Traded Fund (ETF). Friday marks a crucial day for the applicants vying to launch the first-ever Bitcoin ETF. Latest Spot Bitcoin ETF Update Per a post from Fox Business journalist, Eleanor Terrett, Bitcoin ETF applicants and the Securities […]

ENA, the native cryptocurrency of the Ethereum-based synthetic dollar protocol Ethena, has rallied another 20% in the last 24 hours shooting all the way to $1.40. With the current Ethena(ENA) price rally, the altcoin has managed to quickly become a $2 billion asset class in a week’s time. Also, ENA’s daily trading volume has surged […]

The Bitcoin ETF race has finally reached as close to the finish line as it can get. All 11 Bitcoin ETF applicants have updated their 19b-4 amendments, with S-1 filings reportedly expected by Monday. Bloomberg’s Katie Greifeld reported that the SEC had instructed exchanges and issuers to submit their final amendments on Friday for their […]

The world’s largest crypto exchange Binance is in talks with several jurisdictions for considering its headquarters, disclosed Binance CEO Richard Teng at the Paris Blockchain Week. Regulators and courts have raised concerns over the lack of headquarters for the crypto exchanges despite handling significant trading volumes. Binance to Announce Headquarters Soon, Says CEO Richard Teng […]