🔸️Ethereum | Bitcoin & Altcoin News

2024-04-05 10:29:56 Ethena Labs adds bitcoin as USDe backing asset

Ethena Labs has added bitcoin as a backing asset for its USDe synthetic dollar, as traders embrace a resurgence in the world’s oldest digital asset. The decentralized finance (DeFi) protocol said Thursday in a series of posts on X that backing USDe with bitcoin will enable its dollar-pegged token to scale by a factor of more than 2.5, as well as make its products safer for traders. The move comes as bitcoin derivative markets outpace their ether-based equivalents.

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2024-04-04 19:14:57 US Courts Have Serially Rejected Crypto Industry’s ‘Decade’s Worth of Arguments’ – SEC Director

Over the past decade, the U.S. Securities and Exchange Commission (SEC) has contended with “significant non-compliance” and “creative attempts” by cryptocurrency market participants to avoid its jurisdiction. According to the SEC’s enforcement director, the commission has regularly prevailed in its numerous court cases against these participants.

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2024-04-03 08:54:56 Coinbase raises concerns about risks stemming from Ethereum restaking

A recent report by Coinbase has brought attention to the burgeoning restaking sector within Ethereum’s DeFi landscape, pinpointing a series of potential risks that could accompany its growth. Restaking involves validators earning rewards by securing certain network services, attracting significant investment, notably within EigenLayer’s protocol, which now boasts $12.4 billion in total value locked (TVL).

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2024-04-02 20:54:57 Spot bitcoin ETF monthly trading volume nearly tripled in March, hits $111 billion

In March, trading volume for spot bitcoin ETFs surged to $111 million, nearly tripling February's total of $42.2 billion, according to Yahoo Finance compiled on The Block Data Dashboard. February marked the first full month of trading since the products debuted on January 11, and the significant increase in March highlights the growing interest in these new crypto-based financial instruments.

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2024-04-02 06:54:58 Solana DEX trading volume hits monthly ATH of $60 billion

Decentralized exchanges on the Solana blockchain have set a new monthly record for trading volume, surpassing $60.34 billion in March, based on DeFiLlama data. This achievement more than doubles the previous record of nearly $28.14 billion from December 2023 and is the second-highest volume of all blockchains — surpassed only by Ethereum’s $77.55 billion during the month.

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2024-04-01 18:49:59 Bitcoin Becomes More Volatile Than Ether as Halving Approaches

Bitcoin (BTC), the leading cryptocurrency by market value and trading volumes, is supposed to be relatively steady compared to other digital assets, protecting a trader’s portfolio from wild swings in the broader market. Bitcoin’s annualized 30-day historical or realized volatility rose to nearly 60% late last week, surpassing ether’s 30-day realized volatility by nearly 10 percentage points.

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2024-03-30 20:54:59 Binance Executives File Suit Against Nigeria: Local Media

The two Binance executives who have been held as guests of the Nigerian government since arriving in the country in February, have sued the National Security Adviser, Nuhu Ribadu, and the Economic Financial Crimes Commission for violating their fundamental human rights, local media reported Friday. The two executives were charged alongside the company earlier this month with four counts of tax evasion by Nigerian authorities.

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2024-03-29 22:25:00 Ethereum co-founder Vitalik Buterin would like to see 'more good memecoins than bad ones'

In a blog post published today, Ethereum co-founder Vitalik Buterin shared his ideas surrounding memecoins and their potential for a net-positive impact in the cryptocurrency space. Citing one of his "personal moral rules" that "if there is a class of people or groups you dislike, be willing to praise at least a few of them to do the best job of satisfying your values," Buterin stated that he has "zero enthusiasm for coins named after totalitarian political movements, scams, rugpulls or anything that feels exciting in month N but leaves everyone upset in month N+1."

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2024-03-28 21:24:58 Ethereum nears 1 million active validators as network surge strengthens security

The Ethereum network has witnessed a surge in validator numbers, with the count nearing one million. On-chain data from Beacon Chain and Ethereum’s Validator Queue show an active validator count of 979,686. However, a Dune Analytics dashboard curated by Dragonfly analyst Hildobby places the total number on the network above the one million mark.

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