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A wallet thought to belong to the US government transferred 30,175 Bitcoins on Tuesday morning. According to Arkham Intelligence, the destination of the transfer is Coinbase, suggesting that the government may be planning to sell the coins. The Department of Justice seized 50,000 Bitcoins from the Silk Road website in 2022. The last sale of these coins was in 2023.
Trading volume for Bitcoin ETFs exploded in March, almost tripling February’s $42.2 billion total. BlackRock and Fidelity’s products remain the most popular, with $18 billion and $10 billion in assets under management respectively. Grayscale’s trust-turned-ETF has seen $15 billion in total outflows, declining from about 619,000 BTC to
ERC721-C is a standard that enables creators to implement programmable and enforceable creator earnings on-chain. Now using Hooks in Seaport v.16, creators can set conditions that need to be fulfilled before NFTs in their collections can be transferred.
Gasp is a new cross-rollup protocol that addresses liquidity fragmentation among Layer 2s. It plans to enable gas-free, MEV-protected cross-rollup swaps at near-instant speeds using ZK proofs and decentralized sequencers. Gasp will leverage EigenLayer for transaction facilitation and finality. The project was previously called Mangata and pivoted from its initial plans to be a Polkadot DEX.
This Coinbase Institutional report provides an overview of restaking, as popularized by EigenLayer and Ethereum. It highlights the potential for restaking to become a core part of Ethereum’s infrastructure, enabling validators to earn additional rewards by securing actively validated services (AVS). The market is pricing in extremely high yields from AVSs, which may return to more reasonable values as the ecosystem matures. There are also complexities and risks associated with liquid restaking tokens (LRTs) that might be hidden from users.
This article provides a thorough overview of the cryptocurrency market for Q2, covering major coins, altcoins, NFTs, airdrops, and key narratives. In particular, it discusses bullish catalysts for Bitcoin, Ethereum, and Solana, gives a view of the state of the NFT market, and highlights anticipated airdrops and new token launches. It also outlines narratives surrounding the Bitcoin halving, ETH ETFs, SocialFi, AI coins, and modular blockchains.
The Manta L2 chain saw a $250 million decrease in total value over the past week after it enabled withdrawals for STONE and wUSDM. These two assets were used for airdrop farming during Manta's New Paradigm campaign, which rewarded users with MANTA tokens for bridging onto the chain. Co-founder Kenny Li remains optimistic, promising technical upgrades and campaigns to reignite interest in the chain.
This article is a comprehensive two-part analysis of the current state of AI and its future trajectory. Part 1 delves into the centralizing forces present in AI model creation, while Part 2 explores the potential of crypto and decentralized technologies to democratize AI and create a more open, accessible ecosystem. The author provides valuable insights into the technical, economic, and societal implications of AI's development and the critical role that blockchain and crypto can play in shaping its future.
Decentralized exchange Uniswap is the first DeFi blue-chip to deploy on the Blast Layer 2 chain. Thanks to Blast’s native yield on ETH and the USDB stablecoin, users can earn native yield on their LP positions.
This thread explains the terminology and definitions of Bitcoin’s new Runes token standard.
Meme coins primarily serve as vehicles for gambling and entertainment, but are not strictly used for speculation.
If the deal is completed at the lower end of the range, it will be the industry's biggest since the recent crypto winter slump.