Tag Archives: AA News

Bitcoin has been trading around $70,000 after a major retracement that dragged the leading crypto asset below $63,000 briefly. Despite a few flat trading sessions, data reveals that a pump could be in the offing that could further trigger a new wave of buying pressure. CryptoQuant’s latest analysis reveals a remarkable surge in USDC deposits, surpassing $1.4 billion on Coinbase. $1.4 Billion USDC Inflow Stablecoins serve as a bridge between traditional finance and the digital...

There has been a remarkable surge in USDT transactions within the TRON ecosystem via TronDAO, showing a substantial increase since early February, now averaging over two million transactions daily. According to the latest data compiled by IntotheBlock, the surge brings the transaction volume close to the peak observed in January 2023. USDT Transaction Volume Soars on TRON DAO For the uninitiated, TRON DAO is a decentralized autonomous organization connected to a blockchain...

The Ethereum network has reached a noteworthy milestone by attaining one million validators. Based on data from the Dune Analytics dashboard developed by Hildobby, the quantity of ETH staked has risen to 32 million, with an approximate value of $114 billion at current market rates. This figure accounts for 26% of the total Ethereum supply. Ethereum’s New Milestone The data also reveals that around 30% of the staked ETH is attributed to Lido, a liquid staking platform designed...

Matt Hougan, the CIO of the crypto index fund and asset management firm Bitwise, believes inflows into spot Bitcoin exchange-traded funds (ETFs) will continue for years as more investors and institutions adopt the products. In a tweet detailing his experiences during a 20-day road trip, Hougan said he met financial advisors who have already allocated 3% of their client’s portfolios to Bitcoin ETFs and those who have not nursed the thoughts at all, showing a gap in the...

Blobs have officially come to Ethereum through its latest “Dencun” hard fork, making it far cheaper to transact on the network’s layer 2 (L2) blockchains. So what’s next? In a blog post published on Thursday, Ethereum co-founder Vitalik Buterin outlined how he expects Ethereum to scale for mass adoption, emphasizing a shift in developmental focus to L2s. Vitalik’s View On Ethereum Layer 2s According to Vitalik, the newly implemented EIP 4844 (aka “blobs”) marked a “zero to...

United States House Financial Services Committee and House Agriculture Committee members have expressed notable concerns regarding the Securities and Exchange Commission’s (SEC) approach to managing Ethereum (ETH). The focus of their apprehension centers on crypto firm Prometheum’s plans to offer institutional custody services for ETH, which has sparked several demands for clarity and action from regulatory authorities. Regulatory Ambiguity In a letter addressed to SEC Chair...

The Munchables hacker, who recently exploited a weakness in the protocol and drained more than $62 million worth of Ether (ETH), has returned the keys holding the stolen funds. According to blockchain sleuth ZachXBT, the hacker allegedly worked as a developer on Munchables and has possible ties to North Korea. Munchables Loses Over $62 Million in ETH Munchables, a Web3 gaming protocol on the Blast network, suffered an exploit on Tuesday, March 26, which led to the loss of...

Wladimir van der Laan – the former lead maintainer of Bitcoin Core – is mulling a comeback to Bitcoin development after the high-profile industry lawsuit, COPA v. Wright, came to a close earlier this month. In a blog post last Friday, the Bitcoin pioneer expressed relief and disbelief over the prosecutors’ victory, which saw London high court judge Edward James Mellor declare that self-styled Bitcoin creator Craig S. Wright is not, in fact, Satoshi Nakamoto, nor the author of...

Metaverse has gained tremendous traction over the past couple of years, grabbing the attention of large companies across the world. But Ethereum co-founder, Vitalik Buterin, believes the concept of the Metaverse is still “poorly defined” and needs to have several elements to make it meaningful. Dissecting Metaverse During a Q&A session while speaking at the BUIDL Asia conference in Seoul, Buterin pointed out a common misconception in associating the Metaverse solely with...

FTX is looking to sell a majority of its shares in artificial intelligence startup Anthropic to over 20 buyers, including an Abu Dhabi investment company and Jane Street Global. The sale could provide ample funds for the bankrupt crypto exchange to repay creditors affected by FTX’s collapse. FTX to Sell Over 29 Million Shares from its Anthropic Stake According to court documents on March 22, FTX would sell approximately 29.5 million shares in Anthropic to a total of 24...