Jito Overtakes Lido Leading in Fees
“Jito ($JTO) surpasses Lido ($LDO) as top fee generator, collecting $3.27M in 24h fees vs. Lido’s $2.94M. Jito uses MEV-supported liquid staking, hinting at a promising future. #Update #Solana”
Coingape
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Bitcoin Solution Proposed as Debt Soars
Senator Cynthia Lummis proposes leveraging $BTC as a strategic reserve to combat the $35 trillion US debt. Plan includes 1M Bitcoin purchase for economic stability, supported by Trump and RFK Jr. #Bitcoin #Update
Ethereum Decentralization Critiqued by Vitalik
Vitalik Buterin critiques Bitcoin’s centralization, highlighting Ethereum’s diverse validators and multi-client ecosystem. Despite a 32 ETH staking threshold tradeoff, Ethereum’s decentralization efforts continue. $ETH up 2% at $3,492. #Blockchain #Update
Source: coingape.com
South Korea Crypto Exchanges Investigated Fee Hikes
South Korea’s FSS investigates fee hikes by top crypto exchanges including $UPBIT and $BITHUMB under the new Virtual Asset User Protection Act. Focus on fair competition and compliance. #CryptoRegulation
Source: coingape.com
Terra Luna Classic Upgrade Boosts LUNC
“Terra Luna Classic v3.1.3 upgrade enhances burn tax distribution and staking, with 99.99% validator support. Staked $LUNC rises to 1.04T, staking ratio at 15.39%. #Update #CryptoNews”
Bitcoin Sale: US Govt’s Plan Warned
“Breaking: US gov’t to sell $BTC holdings, moving $2B seized from Silk Road. Peter Schiff warns this preempts Trump using Bitcoin as strategic reserve. Market wary of volatility. #Crypto #Update”
Ethereum ETF Approved for NYSE Trading
“Breaking: NYSE Arca approves Grayscale & Bitwise spot Ethereum ETFs, marking a milestone for regulated crypto investments. Trading to commence soon. $ETH #CryptoUpdate”
USDT Controversy: Tether CTO Criticizes Ripple
“Tether CTO Paolo Ardoino slams Ripple CEO Brad Garlinghouse for USDT remarks, accusing him of fearmongering amid Ripple’s stablecoin plans. Ardoino defends $USDT’s stability and compliance. #CryptoUpdate #USDT $XRP”
Scaramucci Predicts Harris To Fire Gensler
“Anthony Scaramucci predicts Kamala Harris will fire SEC Chair Gary Gensler if she runs for president, signaling a potential shift towards a more crypto-friendly stance. #Cryptocurrency #Update $BTC”
DeFi TVL Surpasses $100B Milestone
“DeFi TVL surpasses $100B, led by $LDO staking surge to $38.7B. Bitcoin ETFs draw $28B, boosting market optimism. #DeFi growth reflects strong retail and institutional interest. #Update”
Pre-Market Trading Launch Boosts BingX Liquidity
BingX launches pre-market trading, offering early access to new crypto assets like $HMSTR and $CATI. Enhanced liquidity aims to attract 10M+ global users. #CryptoUpdate
Read more: https://coingape.com/bingx-announces-pre-market-trading-enhances-liquidity/
BlackRock CIO Denies Solana ETF Plans
“BlackRock CIO confirms no plans for a $SOL ETF, focusing on $BTC and $ETH due to liquidity and stability concerns. Crypto ETFs for $BTC and $ETH expected in model portfolios by late 2024. #Update #CryptoETFs”
Source: [link]
Mt. Gox Moves 80.5K Bitcoins Under Pressure
“Breaking: Mt. Gox to transfer 80.5K BTC ($5.35B) amid market pressure. Bitcoin faces strong rejection at $70K, trading at $66.5K. Analysts predict rebound if BTC holds above $65.8K. #Crypto #Update $BTC”
Bitwise Ether ETF Donates 10% Profits
“Bitwise launches $ETHW ETF on NYSE, pledges 10% profits to Ethereum development. SEC-approved, with a 0.20% fee waived for 6 months. #Ethereum #Update”