Whales Move 36K ETH As Price Regains Momentum, What’s Next?
On May 3, Ethereum’s price eclipsed the $3,000 threshold, fueled by 36,000 ETH in whale transactions, signifying a notable resurgence and investor intrigue in the volatile crypto market.
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Pro-XRP Lawyer Reveals Dates For Lawsuit Conclusion
Fred Rispoli predicts the Ripple vs. SEC lawsuit could conclude by July or August, with a possible fine for Ripple under $25 million, significantly less than the SEC’s $2 billion proposal, impacting XRP’s market performance.
Addresses With $2.7B ADA Hit Break Even As ADA/BTC Bottoms Out
Today, Cardano (ADA) rallied to $0.48, allowing holders of $2.71 billion in ADA to break even. This marks a significant recovery, with Into The Block analytics highlighting this as a pivotal moment for ADA investors.
Buterin Outlines Future Steps for Ethereum’s Decentralization
Vitalik Buterin, at a developer interop in Kenya, spotlighted the need for Ethereum’s further decentralization, emphasizing innovations such as PeerDAS and Verkle trees to boost network capacity and reduce energy consumption, pivotal for Ethereum’s evolution.
zkSync Announces Final Protocol Upgrade Ahead of Token Launch
zkSync, an Ethereum Layer-2 solution, announces its final upgrade v24, moving towards decentralization and signaling a token launch. With $141 million in total value locked and a burgeoning ecosystem of 180 dApps, zkSync showcases substantial growth and technological innovation in blockchain scalability.
Zimbabwe Replaces Local Dollar with Gold-Backed ZiG
Zimbabwe introduces the Zimbabwe Gold (ZiG), a gold-backed currency aimed at stabilizing the economy by leveraging the nation’s 2.5 tonnes of gold reserves, marking a significant move towards economic recovery.
Tether Broadens Services Beyond Stablecoins: Here’s Everything
Tether, renowned for its stablecoin issuance, has ventured into diverse sectors including Data, Finance, Power, and Education, aiming to pioneer in digital innovation and sustainable Bitcoin mining, thus redefining its role beyond financial services.
Coin Center Asserts Stablecoin Bill Threatens Free Speech Rights
Coin Center opposes the Lummis-Gillibrand Payment Stablecoin Act, arguing it infringes on First Amendment rights by banning algorithmic stablecoins, amid efforts to regulate stablecoins following the TerraUSD collapse.
BRICS Countries Mulls Stablecoin For Trade Settlement
The BRICS nations are developing a stablecoin for trade settlements, aiming to diminish reliance on the US dollar and revolutionize international trade, marking a significant move towards financial autonomy and innovation.
Tether CEO Teases Beta Launch Of “Super Customizable” Tokenization Platform
Paulo Ardoino, CEO of Tether, unveiled a beta for a digital asset tokenization platform, capable of supporting assets over $110 billion in USDT, heralding a significant innovation in the digital asset space.
Pendle Token Theft Surges, $5.62M Lost From Recent Permit Phishing
Despite facing over $10 million in thefts, the Pendle token has shown remarkable resilience, with its price increasing by 8.15% in the last 24 hours, further buoyed by a $500,000 investment from BitMEX’s Arthur Hayes.
Visa Crypto Unit Launches Stablecoin Analytics Dashboard
Visa’s crypto division unveils the Visa Onchain Analytics Dashboard in collaboration with Allium Labs, aiming to revolutionize stablecoin transparency by tracking supply, transaction volume, and user activity across multiple blockchains.
House Republican Proposes A Marijuana-Stablecoin Combo Bill
Representative French Hill is pushing for a novel bill that seeks to regulate both marijuana banking and stablecoins, aiming to bridge the gap between the cannabis industry and cryptocurrency markets, signaling a major legislative advancement.
Circle’s USDC Overtakes Tether USDT In Transaction Volume: Visa
USDC has surpassed USDT in transaction volume with $456 billion, marking a pivotal shift in the stablecoin market, as evidenced by recent data validated by Visa and Allium Labs.