Ethereum could be staging a supply squeeze; here’s why
Ethereum has been labeled the worst-performing crypto so far this year. Despite more inflows to spot ether ETFs, the price has continued to underperform against bitcoin, solana, and other major altcoins. But it may not always be so. Spot ether ETFs have seen more inflows than outflows since November last year. In the second week […]
Crypto Twitter speculates Elon Musk will put US Treasury on Ethereum
Crypto Twitter is speculating that Elon Musk, who currently leads the Department of Government Efficiency (DOGE), would use Ethereum for the US Treasury. Earlier this month, Musk confirmed he wants to put the US Treasury on a blockchain over the eregious spendings uncovered as DOGE dug into the payment system of the Treasury. “Career Treasury […]
SEC begins to pull back its crypto enforcement unit
U.S. Securities and Exchange Commission has started scaling down its crypto enforcement division, which was expanded by the past Chair, Gary Gensler. Some of the 50 lawyers and staff members of the unit are currently being reassigned to other departments in the agency, The New York Times reported, citing five sources familiar with the matter. […]
Ethereum is finally scaling as validators agree to raise Gas limit above 30 million
Ethereum’s gas limit has increased above 30 million, which is quite a big change for the network. The push to raise the gas limit has been on for a while. However, the network reached the needed consensus to implement the change late Monday, with over 51% of validators signaling support for a higher gas limit. […]