Author: Lora

In a long-awaited development for Ethereum enthusiasts, the Dencun upgrade has finally made its debut on the Ethereum mainnet, ushering in a notable decrease in average transaction fees across various layer-2 (L2) networks. Confirmed by Tim Beiko from the Ethereum Foundation Protocol Support, the Dencun upgrade, which seamlessly integrates the features of both the “Cancun” and “Deneb” updates, has been eagerly anticipated for its potential to address the persistently high fees plaguing the Ethereum network. Data provided by Dune reveals a substantial reduction in transaction fees across L2 protocols leveraging blob transactions. Platforms such as Base, Optimism, and Arbitrum have…

Thailand’s securities regulator has given the green light for asset management firms to introduce private funds tailored for investment in Spot Bitcoin ETFs. However, access to these funds will be limited to institutional investors and individuals with ultra-high net worth. The decision effectively allows a select group of sophisticated investors in Thailand to indirectly invest in Bitcoin through regulated channels. SEC Secretary-General Pornanong Budsaratragoon announced that asset management firms are now authorized to manage private funds investing in US-based Spot Bitcoin ETFs, as reported by the Bangkok Post on Tuesday. The decision was reportedly approved by the SEC board last…

Concerns are rising regarding the potential approval of Ethereum spot ETFs by the Securities and Exchange Commission (SEC) before May 23, according to insights shared by Fox reporter Eleanor Terrett. In a recent post on X, Terrett revealed that influential figures, including Senator Elizabeth Warren, are actively opposing the passage of ETH spot ETFs. Additionally, SEC staff members have shown limited enthusiasm for promoting the product. Terrett noted a one-sided dynamic in recent meetings, where industry stakeholders attempted to urge SEC staff to expedite the process. However, staff members’ engagement has been lacking compared to their involvement with Bitcoin spot…

Trading volume on decentralized exchanges (DEXes) within the Solana (SOL) blockchain has surged, exceeding $2 billion for four consecutive days, reaching a record-breaking $2.85 billion on March 5. According to DeFi TVL aggregator DeFiLlama, Solana DEXes recorded over $2 billion in trading volume in the past day alone, marking a remarkable 153% increase over the past week. Currently, Solana ranks as the third-largest blockchain network in terms of DEX volume, trailing behind Ethereum and Arbitrum. Ethereum, the primary host of the largest DeFi ecosystem, registered approximately $4.7 billion in trading volume over the past 24 hours, with a notable weekly…

Binance, the world’s leading cryptocurrency exchange, has temporarily halted withdrawals to the Solana network due to a surge in transaction volume. In an announcement on March 6, Binance stated that it expects to address the issue and resume withdrawals by March 9. The suspension of Solana (SOL) network withdrawals began on March 4, attributed to the significant increase in transaction activity. Binance has identified areas for optimization and is actively working on a stable, long-term solution. Solana’s SOL token experienced a slight decline of 0.68% in the 24-hour period preceding 10:40 a.m. UTC, trading at $130.81, although it has shown…

German securities marketplace Deutsche Börse has launched its own cryptocurrency trading platform tailored for institutional clients, in collaboration with custody provider Crypto Finance. The platform, named Deutsche Börse Digital Exchange (DBDX), offers a regulated and secure environment for crypto trading, settlement, and custody. DBDX initially operates on a request-for-quote (RfQ) basis, where businesses solicit quotes from select suppliers. This will later transition to a multilateral trading facility, facilitating the exchange of financial instruments among multiple parties. The platform aims to serve clients in Germany and other European markets, focusing on transparency, security, and regulatory compliance. Carlo Kölzer, head of digital…

Robert F. Kennedy Jr., a contender in the US presidential race, recently lauded cryptocurrencies as the ultimate safeguard against inflation during a discussion with Caitlin Long, CEO of Custodia Bank, at the ETHDenver event. Kennedy emphasized that cryptocurrencies empower individuals by wresting control from government and monopolistic institutions, thereby granting various freedoms. Among these freedoms, he highlighted the critical ability to retain the earnings of one’s labor, which inflation erodes. According to Kennedy, cryptocurrencies offer the most effective defense against inflation, ensuring the financial security of individuals. The discussion also delved into cryptocurrencies’ role as a departure from society’s dependence…

Bitcoin mining stocks have seen a significant decline of up to 27% over the past three trading days despite a recent rally in Bitcoin’s price, nearly reaching $64,000. Analysts attribute this drop to investor caution surrounding the upcoming halving event but see it as a potential opportunity to acquire mining stocks at a discount. During this period, the two largest Bitcoin miners, Marathon Digital Holdings (MARA) and Riot Platforms (RIOT), experienced declines of 18.5% and 21.9%, respectively, according to data from Google Finance. CleanSpark (CLSK) and TeraWulf (WULF) also saw notable decreases of 27.5% and 25.4%, respectively. Meanwhile, Bitcoin’s price…

The United States Securities and Exchange Commission (SEC) has raised concerns about Terraform Labs’ payments totaling $166 million to the law firm Dentons since 2023. In a recent filing, the SEC objected to the retainer payment, arguing that Terraform Labs should not retain the firm’s services during ongoing legal proceedings, according to Reuters. The SEC alleges that Terraform Labs made these substantial payments to Dentons as a retainer, suggesting that they may be aimed at avoiding future financial obligations resulting from potential judgments in the pending lawsuit. Of particular concern to the SEC is the timing of the payments, with…

Bitcoin has surged past the $59,000 mark amidst a notable rally in the wider cryptocurrency market. As of the latest data, BTC is trading at $59,140, marking a more than 5% increase over the past day. Over the week, the leading cryptocurrency has seen a 15% rise, and over the month, it has surged by approximately 40%. Notably, Bitcoin is currently just 14% away from its all-time high of $68,789 recorded in November 2021. This surge in price coincides with the continued influx of investments into spot Bitcoin ETFs from institutional investors. According to data from Farside, total spot Bitcoin…