Explore the latest updates from hodl.press, a fresh news platform delivering unbiased, ad-free coverage of Bitcoin, blockchain, and the broader crypto world. At Voted.News, we condense hodl.press stories into concise, reader-friendly summaries, ensuring you get clean, reliable insights without the noise.
Solana has overtaken Ethereum in trading volume for the first time, recording $10.98 billion over the past week and capturing 34.8% of the DEX market, signifying a major shift in the DeFi landscape.
The article explores blockchain technology’s evolution, highlighting Layer 1 blockchains like Bitcoin and Ethereum, and the advent of Layer 2 solutions such as Lightning Network and Optimistic Rollups aimed at improving scalability and transaction speed. Layer 3 chains, parachains, and sidechains further enhance interoperability and flexibility, crucial for the growth of decentralized applications.
The blockchain ecosystem, with its Layer 1, 2, and 3 solutions along with parachains and sidechains, plays a crucial role in addressing scalability, interoperability, and customization challenges, marking a significant stride towards digital assets’ widespread adoption and growth.
Lens Lab, under Avara, is launching the Lens Network on Ethereum’s zkSync to revolutionize social media with blockchain. Utilizing the innovative ZK Stack technology, it promises scalability, user ownership, and an experience akin to traditional platforms without sacrificing web3 principles.
Ripple CEO Brad Garlinghouse hinted at potential U.S. regulations targeting Tether (USDT), which Tether CTO Paolo Ardoino countered, emphasizing USDT’s global reach, stability, and compliance, amid a stablecoin market where Tether commands a 60% share.
Mark Cuban criticizes the SEC’s stringent crypto regulations, suggesting the U.S. adopt Japan’s supportive approach for fostering innovation in cryptocurrency, highlighting Japan’s successful regulatory recovery post-Mt. Gox collapse to encourage technological advancements.
Circle, the entity behind USDC stablecoin, plans to move its headquarters from Ireland to the US as part of its IPO preparations, aiming to enhance regulatory compliance and market expansion. This decision highlights Circle’s strategic approach to navigating the complex regulatory landscape, reinforcing its commitment to integrating crypto with traditional financial markets.
The CFTC settled with Falcon Labs for operating as an unregistered futures commission merchant, fining them $1,768,512 for facilitating digital asset trades without registration.
The Group of Central Bank Governors and Heads of Supervision has postponed the deadline for implementing new crypto-asset exposure standards to January 1, 2026, aiming to develop a unified global crypto regulation framework.
In July 2023, the SEC accused Debt Box of defrauding investors of nearly $50 million, a case that spotlighted transparency and fairness issues in the SEC’s regulatory practices, particularly concerning the crypto industry.
Between April 1 and May 15, 2024, over 1 million new tokens were launched on the crypto market, significantly doubling Ethereum’s token count since its inception, with Solana and Ethereum networks at the forefront.
Coinbase’s Chief Legal Officer, Paul Grewal, has criticized the SEC for its opaque regulatory procedures, urging leaders from Ripple, Robinhood, Binance to demand clarity and accountability, highlighting a critical juncture in crypto-regulatory interactions.
Alexey Pertsev, developer of Tornado Cash, was sentenced to 64 months in prison for laundering $1.2 billion, marking a significant moment in the fight against crypto-related financial crimes.
Polymarket secures $45 million in Series B funding, led by Founders Fund and Vitalik Buterin, elevating its total funding to nearly $75 million, aiming to revolutionize the predictive market with blockchain technology.
