Polygon Labs CEO criticizes Ethereum Layer 3 networks as Degen mints millionaires
QUICK TAKEMemecoin trading activity has exploded on Degen, a Layer 3 network that runs on Base, which in turn runs on Ethereum.Polygon Labs’s CEO has criticized L3 chains for drawing value and security away from Ethereum, stating that the company has no plans to work on its own L3 network. Since its launch last week,…
Next week in crypto: $200 million in OP, DYDX unlocks, SBF’s sentencing, and more upcoming events
NEXT WEEK IN CRYPTO: A Glimpse into the Upcoming Events As we bid adieu to the first quarter of the year, the crypto sphere braces for a significant week ahead. Here’s what’s on the horizon: As the crypto landscape brims with anticipation, next week promises to be nothing short of eventful. Stay tuned for the…
SEC delays decision on Grayscale’s Ethereum Futures Trust ETF, again
QUICK TAKE The Securities and Exchange Commission (SEC) has once again delayed its decision on approving the proposed Grayscale Ethereum Futures Trust exchange-traded fund (ETF), according to a recent filing. In a document submitted late on Friday, the SEC announced that it would extend the review period until May 30, 2024, before making a determination…
Fidelity, Grayscale filing 8-A forms show progress for spot bitcoin ETF applications
BRIEF UPDATE Recent Form 8-A filings by issuers signify their registration to trade on an exchange, indicating progress toward the potential approval of a spot bitcoin ETF. Grayscale and VanEck are the latest firms to submit their Form 8-As, marking advancement toward a potential exchange-traded fund for spot bitcoin. This registration allows issuers to engage…
Spot bitcoin ETF approval will bring more institutional investors into crypto, says Goldman Sachs exec
SUMMARY Goldman Sachs’ Head of Digital Assets, Mathew McDermott, anticipates that the approval of spot bitcoin and ether exchange-traded funds (ETFs) will stimulate increased institutional interest in the cryptocurrency market. According to McDermott, this approval would enhance market liquidity by introducing institutional products that don’t require direct handling of the underlying assets. He envisions a…
Trezor hardware wallets add support for Solana and SPL tokens
SUMMARY Trezor, the crypto hardware manufacturer, has expanded its support to include Solana (SOL) and Solana Program Library (SPL) tokens, responding to the rising interest and price surge of Solana. The company announced the integration on its social media platform X, emphasizing compatibility with its hardware wallets Model T and Safe 3. The Trezor Safe…
Most voters think U.S. presidential candidates should have an informed view on crypto, according to new Grayscale poll
SUMMARY In a recent blog post, Grayscale highlighted the relevance of crypto to Americans, particularly in light of voter concerns about financial stability and inflation. According to a survey by The Harris Poll for Grayscale Investments, 73 percent of voters believe that U.S. presidential candidates should be well-informed about innovative technologies, including crypto. The survey,…
These Cryptos Are Poised To Lead The Next Altcoin Season
The cryptocurrency market is currently undergoing an exciting phase known as ‘altseason’. In this period, altcoins often outperform Bitcoin, reflecting a shift in investor sentiment and changes in market dynamics. Investors are diversifying their portfolios, exploring the growth potential of tokens beyond the dominant cryptocurrency. Notably, leading altcoins such as Solana (SOL), Polygon (MATIC), Optimism…
Bitcoin (BTC) Transaction Fees Soar Above $37: What’s Going On?
Bitcoin network transaction fees are once again on the rise following an extended period of dormancy. The current minimum transaction fee, as reported by Mempool, has surpassed 600 satoshis per virtual byte (sat/vB), equating to approximately $37. This surge in fees has led to the rejection of over 347,000 transactions. Furthermore, Mempool usage has not…
Dogecoin Aims For $0.2 As Profitable Addresses Hit 2-Year High! Here’s The Next Level For DOGE Price
Title: “Dogecoin Eyes $0.2 Target as Profitable Addresses Hit 2-Year High – Analyzing DOGE’s Current Momentum” In recent days, Dogecoin (DOGE) has seen a modest surge, aligning with Bitcoin’s movement toward the $43K milestone. The increased buying interest during the current dip hints at a potential breakout for the meme coin. This positive momentum is…
