The SEC has postponed decisions on five crypto-related ETF applications, including those from Franklin Templeton, Grayscale, and Bitwise. Bloomberg analysts James Seyffart and Eric Balchunas anticipate final rulings by October. The delays pertain to spot ETFs for Solana (SOL), XRP, Hedera (HBAR), and Dogecoin (DOGE).
The Base layer-2 blockchain has achieved Stage 1 decentralization, becoming the tenth L2 network to do so. This milestone was reached through the implementation of fault proofs and a decentralized Security Council. Fault proofs enable anyone to propose or challenge claims about the network’s state, supported by open-source software and financial incentives for dispute resolution.
A cryptocurrency trader capitalized on recent market gains, turning a $135 investment into $1.2 million within 15 days through a significant return on Terminus (TMNS). Driven by this success, the trader is now seeking to replicate the profits by focusing on the cryptocurrencies MOODENG and RCO Finance, hoping to find the next high-yield investment opportunity in the volatile crypto market.
The UK government is introducing new regulations for the cryptocurrency market, detailed in a draft legislation released on April 29th. The rules, part of a broader “Plan for Change,” aim to bring crypto exchanges, dealers, and custodians, including services like staking and stablecoins, under the supervision of the Financial Conduct Authority (FCA). This move signals an effort to standardize and oversee the crypto industry within the UK, aligning with other financial service regulations.
A wallet associated with the official Donald Trump memecoin project has moved approximately $20 million worth of TRUMP tokens to major cryptocurrency exchanges. On-chain analysis indicates that the wallet transferred 1.346 million TRUMP tokens, potentially impacting the token’s price as it happened amid a trading frenzy. This action has drawn attention to the project’s token holdings and their market activity.
Ethereum developers have decided to remove the EVM Object Format (EOF) from the Fusaka network upgrade. This decision was made after community pushback and concerns regarding technical uncertainties. Tim Beiko, a lead at the Ethereum Foundation, confirmed the removal during a recent developers’ meeting. The change reflects the influence of community sentiment on development decisions within the Ethereum ecosystem.
1inch, a decentralized exchange aggregator, has launched on the Solana blockchain. This integration, announced at TOKEN2049 Dubai, allows users to perform on-chain swaps through the 1inch dApp and access six APIs. The move marks 1inch’s first major deployment of its Fusion protocol on Solana, paving the way for potential cross-chain swaps between Solana and other networks. The article highlights Solana’s significantly higher transaction processing compared to Ethereum, despite similar trading volumes.
Gitcoin, a prominent Ethereum-based platform, is restructuring due to financial constraints and evolving Web3 landscapes. The platform is set to shut down its software division, Gitcoin Labs, by May 31, 2025. This decision reflects a strategic shift towards prioritizing its grants program, a move driven by profitability challenges and personnel changes. The specific reasons behind the restructuring, alongside the shifting focus, highlight the dynamic nature of the web3 space.
Fidelity Digital Assets’ Q2 outlook highlights contrasting trends for Bitcoin (BTC) and Ethereum (ETH). Despite Bitcoin’s recent decline from its all-time high, Fidelity anticipates a period of stability. Conversely, the report suggests potential growth opportunities for Ethereum. The analysis is based on market performance in the first quarter, offering insights into the future of these leading cryptocurrencies.
Custodia Bank CEO Caitlin Long alleges the US Federal Reserve is enacting policies that favor big banks in the stablecoin market, despite claims of easing crypto regulations. She criticized the Fed for rescinding some restrictive crypto policies while maintaining a rule from January 2023 that restricts banks from directly interacting with digital assets. This, according to Long, creates an uneven playing field that benefits established financial institutions over newer crypto-focused entities.