01 May, 2024
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  • Ethereum

Eigenlayer Airdrop Sparks Controversy Amidst Geo-Restrictions

  • 8:44 am
  • Bitcoin

Australia’s ASX Set to Launch Bitcoin ETFs by 2024

Australia’s ASX stock exchange aims to introduce its first batch of spot bitcoin exchange-traded funds (ETFs) by the end of 2024. Leading issuers, including VanEck and local firms BetaShares and DigitalX, have already filed ETF applications. According to an ASX spokesperson, ASX, commanding 80% of local trades and having a market capitalization of $2.7 trillion as of March, is in discussions with issuers keen on crypto asset-based ETFs.
  • 10:44 am
  • Ethereum

Santiment Hints at Altseason Citing Ethereum’s Lowest

Ethereum’s gas fees hit a six-month low at $1.12 despite ETH’s slight weekend rally to $3,191. Santiment suggests this drop could herald an altcoin surge, as traders’ sentiments fluctuate between optimism and pessimism, reflected in transaction fees.
  • 8:48 am

Whale Alert: 456.82M DOGE Transferred to Coinbase

Whale Alert, a blockchain tracking platform, reported two significant DOGE whale transactions totaling 456.82 million DOGE, transferred to Coinbase, a leading cryptocurrency exchange. The first transaction involved 228.10 million DOGE valued at $34.34 million, followed by a second transfer of 228.72 million DOGE worth $34.43 million.
  • 9:53 am
  • Bitcoin

Blackrock’s Bitcoin Trust Records Zero Inflows for the First Time

BlackRock iShares Bitcoin Trust (IBIT) has seen its first day of $0 inflows since Bitcoin ETFs were established in the United States in January. Since its inception, IBIT has continually attracted multimillion-dollar contributions, totaling approximately $15.5 billion in just 71 days.
  • 11:09 am

Chainlink Announces General Availability for CCIP

Chainlink officially announced on Wednesday that the Cross-Chain Interoperability Protocol (CCIP) has entered general availability (GA). This new development eliminates the need for developers to seek permission to transfer tokens, send messages, and combine data and value transfers across different blockchains. The protocol could now support programmable token transfers with the supported blockchains, including Arbitrum, Avalanche, and Ethereum.
  • 9:10 am

Zhao Sentenced to 36 Months in Prison

Changpeng Zhao, Binance’s founder, has admitted to breaching U.S. anti-money laundering laws, with the Department of Justice recommending a 36-month prison sentence. The plea follows the revelation that Binance, under Zhao’s direction, neglected to report over 100,000 suspicious transactions, including those tied to terrorist groups like Hamas, al Qaeda, and ISIS.
  • 2:22 pm
  • Ethereum

EigenLayer’s TVL Crosses $15 billion

EigenLayer, Ethereum’s restaking protocol, achieved a milestone by surpassing $15 billion in total value locked (TVL) after removing its caps. Enabling users to stake native ether and liquid staked ether, EigenLayer fortifies other protocols. Its TVL soared post the April 9 launch, welcoming validated services. Notably, updates ensued, such as reducing the minimum stake for EigenDA operators from 320 ETH to 96 ETH.
  • 2:53 pm
  • Bitcoin

PayPal Proposed a Reward for Bitcoin Miners Adopting Eco-Friendly Practices

PayPal, Energy Web, and DMG Blockchain Solutions proposed “crypto-economic incentives” for Bitcoin miners to use eco-friendly energy sources, granting them “green keys” for their public keys. According to the National Oceanic Atmospheric Administration, the suggested method will distribute bitcoin to “green” miners, lowering carbon emissions and delaying global warming.
  • 10:17 am

Stablecoin Market Surges to $160B, Led by Tether and USDC

The stablecoin economy has surged by $28.63 billion since December 2023, reaching a staggering $160.03 billion valuation. Tether (USDT) spearheads this growth, boasting a market cap of $109.9 billion with a circulating supply of 109.84 billion USDT. Circle’s USD Coin (USDC) follows suit with a market cap surpassing $34 billion. Together, USDT and USDC dominate over 93% of the stablecoin market. Notably, MakerDAO’s DAI has shown robust growth with a 9.3% supply increase, elevating its market cap to $5.2 billion.
  • 9:01 am

Chinese Embassy in Angola Warns Its Citizen To Stop Crypto Mining

The Chinese Embassy in Angola has cautioned its citizens and entities operating within the country to refrain from engaging in cryptocurrency mining activities. This advisory follows the implementation of a new law in Angola, which prohibits cryptocurrency mining and categorizes it as a criminal offense. Under this legislation, individuals found involved in such activities could face severe penalties, including imprisonment for up to 12 years. Additionally, possession of mining equipment is also subject to legal consequences, with potential sentences of up to five years.
  • 9:56 am

Binance Set to Return to India After Paying $2M Penalty

Binance, previously banned in India, is set to re-enter the market by paying a $2 million penalty. The exchange will register with the Financial Intelligence Unit (FIU) and adhere to regulations, including the Prevention of Money Laundering Act (PMLA) and virtual digital asset (VDA) taxation. Compliance with laws signals a shift from past practices, ensuring a more transparent and regulated presence in India’s cryptocurrency landscape.
  • 9:36 am
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