Crypto news

Base, Coinbase’s layer-2 blockchain initiative for reducing Ethereum transaction fees, seems to be witnessing massive demands of increased network activity. As a result, its TVL also rose sharply, hitting a new milestone, surpassing $2 billion this week. One of the major reasons for the surge in activity of Base was the activation of the Dencun upgrade. Base’s TVL Growth According to data from L2Beat, Base’s current TVL stands at $2.27 billion, increasing by over 230% YTD....

Emin Gün Sirer, the founder and CEO of Ava Labs, has sounded an alarm on the rise of substandard layer 2 (L2) solutions in the crypto space. Drawing parallels with the fallout from the FTX collapse, he cautioned investors about the dangers associated with investing in these “trash” projects. Ava Labs Founder Highlights L2 Red Flags On March 23, Sirer took to X to voice his concerns about the crypto community’s habit of ignoring warning signs, especially regarding people seen...

[PRESS RELEASE – Bankstown, Australia, March 25th, 2024] Xuirin Finance is an exciting new project in the world of cryptocurrency that’s all about bringing fresh ideas, being flexible, and having a clear plan for the future. The Xuirin Finance team views the Xuirin Finance (XUIRIN) as a significant milestone in decentralized finance. The project came to inception after MATIC (now Polygon) entered the crypto scene to make Ethereum more scalable. Since then, a lot of...

CommEX, a crypto exchange that previously took over Binance’s operations in Russia after it decided to exit the country, has revealed its intention to cease operations in the country. Binance had initially announced its departure from Russia in September 2023, stating that the process would take approximately one year to complete. CommEX Announces Gradual Wind-Down of Operations In a post on X, CommEX Russia mentioned that the exchange will wind down operations gradually...

Bitcoin surged by more than 4.5% to above $70,000 on Monday, regaining lost ground after reaching an all-time high of $74,000 earlier this month. Until Thursday of last week, Bitcoin traded below $65,000 following a multi-day period of unusually small inflows to Bitcoin ETF products, coupled with monstrous outflows from the Grayscale Bitcoin Trust (GBTC). The asset’s price began to surge again on Friday following the Bitcoin Investor Day conference, when Robert Mitchnick –...

CoinspeakerTerraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse The Terraform trial holds significant implications for the crypto industry.  A win for the SEC would solidify its authority to regulate cryptocurrencies deemed securities. Terraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse

CoinspeakerEuropean Regulator ESMA Finalizes First Rules for Crypto Asset Service Providers ESMA proposed that crypto assets should be classified as financial instruments if they meet the criteria outlined in MiFID II's definition of financial instruments.  European Regulator ESMA Finalizes First Rules for Crypto Asset Service Providers

CoinspeakerEthereum Co-founder Vitalik Buterin Engages on Farcaster, Community Calls for Return to X Vitalik Buterin, co-founder of Ethereum, talks about Farcaster, and people are calling for a return to X. Ethereum Co-founder Vitalik Buterin Engages on Farcaster, Community Calls for Return to X

CoinspeakerBinance Labs Invests in StakeStone amid Growing Interest in Restaking Sector Investing in advance­d restaking protocols aligns with Binance Labs' strategic focus on this domain. Binance Labs Invests in StakeStone amid Growing Interest in Restaking Sector

CoinspeakerCrypto Market Records First Outflow in 7 Weeks Worth $942M Despite the market sentiment, altcoins sparked investor interest, resulting in a net inflow of $16 million. Crypto Market Records First Outflow in 7 Weeks Worth $942M