THE LATEST CRYPTO NEWS FROM CNS Bitcoin liquidity drops t | Crypto Never Sleeps Broad
THE LATEST CRYPTO NEWS FROM CNS
Bitcoin liquidity drops to 10-month low amid US bank run
Bitcoin market liquidity has dropped to a 10-month low, despite a bullish quarter in terms of price gain. The liquidity dry-up is partly attributed to the bank run in the United States and the ongoing regulatory actions against crypto companies.
https://cointelegraph.com/news/bitcoin-liquidity-drops-to-10-month-low-amid-us-bank-run
Arbitrum to break up governance votes after community backlash
Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from token holders.
On April 2, the Arbitrum Foundation tweeted that its first governance proposal, AIP-1, “likely will not pass” and added its “committed to addressing the feedback received from the community.”
https://cointelegraph.com/news/arbitrum-to-break-up-governance-votes-after-community-backlash
Bitcoin Ordinals daily inscriptions surge due to ‘BRC-20 tokens’
A new daily all-time high has been recorded for the number of Ordinals inscribed on the Bitcoin network due to a recently launched “token standard” for the blockchain.
Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high of 31,692 on March 9 by 83.5%, according to Dune Analytics data.
The surge is believed to be driven by the recent creation of “Bitcoin Request for Comment” (BRC-20) tokens on the Ordinals protocol by a pseudonymous on-chain analyst named Domo in early March.
https://cointelegraph.com/news/bitcoin-ordinals-daily-inscriptions-surge-due-to-brc-20-tokens
Nifty News: Trump NFTs pump after indictment, Q1 trading volume hits $4.7B and more
Following news of a New York Grand Jury voting to indict former president Donald Trump on March 30, the floor price for the officially licensed Trump Digital Trading Cards nonfungible token (NFT) project pumped.
According to data from OpenSea, NFT traders were seemingly spurred into action by the announcement, with the floor price moving from 0.46 Ether or $835 at current prices, to as high as 0.6 ETH ($1090) on the same day.
https://cointelegraph.com/news/nifty-news-trump-nfts-pump-after-indictment-q1-trading-volume-hits-4-7b-and-more
Uniswap v3 code free to fork as BSL expires
Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, shows protocol documentation. The expiration was a much-anticipated event within the decentralized finance (DeFi) ecosystem, enabling developers to deploy their own decentralized exchange (DEX).
The BSL license lasts for a limited period before becoming completely open source. The purpose is to protect the author’s right to profit from their creations. Uniswap v3’s license was released in 2021 for two years, preventing its code from commercial use. A new license called a “General Public License” now applies to the protocol.
https://cointelegraph.com/news/uniswap-v3-code-free-to-fork-as-bsl-expires
