Ethereum
– The SEC is expected to approve the first ETFs based on Ether futures.
– Former President Donald Trump owns a significant amount of Ethereum.
– Visa has tested a solution on the Ethereum blockchain for on-chain gas fee payments.
DeFi
– Binance has launched its opBNB Mainnet in the decentralized scaling solutions sector.
– Arbitrum will unlock over 1 billion worth of $ARB in 2024.
– Uniswap has fired a developer involved in a memecoin rug pull.
Altcoins
– Sei’s SEI token launch faced delays and problems with the token giveaway.
– $BNB’s price is at a critical level and could crash further.
– $1.7 million worth of ETH is stuck in the Shibarium Bridge.
Technology
– Vitalik Buterin provided an analysis of X’s Community Notes tool.
Business
– The Stellar Development Foundation made a strategic investment in MoneyGram.
– GSR is experiencing the impact of the bear market with executive departures.
– CoinDesk has cut its editorial staff by 45%.
– Coinbase has entered the Canadian market.
Regulation
– Dubai’s Virtual Asset Regulatory Authority has fined OPNX and its founders.
– Banks take $7 trillion out of the system annually, according to Mark Yusko.
– Coinbase has received regulatory approval to list crypto futures in the US.
– PayPal will temporarily halt cryptocurrency sales in the UK.
– Republican members of the House Financial Services Committee are demanding explanations from SEC Chair Gary Gensler.
NFT
– Coca-Cola has launched an exclusive NFT collection on Coinbase’s Layer-2 network.
– OpenSea will sunset its on-chain royalty enforcement tool.
Web3
– Polygon Labs and SK Telecom are developing a Web3 ecosystem.
– Affyn and Grand Prix Season Singapore have partnered for a metaverse event.
Security
– RocketSwap has devised an emergency plan to recover from a hack.
– Zunami Protocol’s liquidity pool was hacked.
Hot Take
The SEC’s potential approval of ETFs based on Ethereum futures is a significant development for the crypto space. It could attract more investors and boost the adoption of cryptocurrencies. However, the industry still faces challenges, such as regulatory scrutiny and security risks. Overall, the crypto market continues to evolve and expand, with new advancements in technology and partnerships shaping its future.
Cyrus Dailey stands as a luminary gracefully weaving the roles of crypto analyst, tenacious researcher, and editorial artisan into a captivating narrative of insight. Amidst the intricate world of digital currencies, Cyrus’s perspectives resonate like finely tuned melodies, captivating curious minds from a myriad of perspectives. Her ability to decipher complex threads of crypto intricacies melds seamlessly with her editorial finesse, transforming intricacy into a harmonious composition of understanding. Guiding both seasoned explorers and curious newcomers, Cyrus’s insights serve as a compass for well-informed decision-making amidst the ever-shifting tides of cryptocurrencies. With the artistry of a linguistic virtuoso, they craft narratives that enrich the evolving tapestry of the crypto landscape.