Bitcoin Impacted by Rising Oil Prices
Tensions in the Middle East and rising oil prices pressure $BTC, with potential for further downside to $60,000 amid investor caution. #Update #Crypto $BTC
The Block
Ethereum Scaler MegaETH Hits 20000 TPS
@MegaETH launched its public testnet, handling 20,000 TPS with 10ms blocktimes, diverging from Ethereum’s rollup-centric roadmap. #Update #Crypto $ETH (+3) ↗
Ethereum Launches Hoodi Testnet for Pectra
@Ethereum Foundation developers will launch the Hoodi testnet on March 17 to test the Pectra upgrade after issues with Holesky and Sepolia. #Update #Crypto $ETH (-5) ↘
Stablecoins Revolution: L1 Built Without Native Token
@1Money to launch a Layer 1 network for stablecoins, enabling rapid transactions without native tokens or smart contracts, aiming to drive business adoption. #Update #Crypto (+3) ↗
Bitcoin Reserve Trump Impact on Crypto
Trump’s administration establishes a strategic bitcoin reserve with 200,000 $BTC, signaling a crypto-friendly policy shift. Regulatory clarity on stablecoins and market structure bills is anticipated. #Update #Crypto $BTC (+6) ↗
Arbitrum DAO Faces Criticism Over Investment
The @Arbitrum DAO’s Growth Management Committee faces criticism for proposing to invest 7,500 ETH in non-native protocols, sparking debate over ecosystem support. #Update #Crypto $ARB (-3) ↘
Stablecoin Bill Advances in Hong Kong
Hong Kong’s Legislative Council held its first meeting on the stablecoin bill since December, aiming to regulate issuers via licensing from the Hong Kong Monetary Authority. The region seeks to strengthen its position as a cryptocurrency hub. #Update #Legal (+3) →
Crypto Venture Funding Surges to $4B
Crypto venture funding surged to $4 billion in Q4 2024, led by infrastructure investments. @EchoXYZ played a notable role with its angel syndicate platform, filling MegaETH’s $10 million raise in three minutes. #Update #Crypto (+3) ↗
Singapore Bans Polymarket Amid Crackdown
Singapore has banned access to @Polymarket as part of a crackdown on unlicensed online gambling, affecting 3,800 sites and blocking $37M in transactions. Violators face fines or imprisonment. #Update #Legal (+6) ↘