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Optimism about the Ethereum ETFs being approved in May has decreased as experts continue to share their opinions. VanEck CEO Jan van Eck stated that he believes the company's ETF application will be rejected in May and CoinShares CEO Jean-Marie Mognetti said he does not think any Proof-of-Stake coins will be approved this year.
a16z has released an open-source code for Jolt, a zero-knowledge virtual machine (zkVM), marking a commitment to deep tech R&D. Jolt, which supports RISC-V ISA and Rust language applications, uses cryptographic techniques to enhance the scalability, speed, and privacy of blockchain operations. This tech can be integrated into zkEVMs and blockchain-based ZK applications.
Franklin Templeton’s Digital Asset Division released a one-page report on EigenLayer. The report introduces the restaking narrative, describing it as a way to secure multiple networks simultaneously and increase the yield from staking ETH. EigenLayer’s immense growth over the past year is attributed to the potential token airdrop to stakers. It has captured over 1% of the total ETH supply with over 2 million ETH restaked in the protocol.
Much like how broadband revolutionized the utility of the internet, Layer 2 scaling solutions have brought new possibilities for blockchain applications. This article expands on how Arbitrum, a portfolio company, is leading the L2 landscape in terms of total value locked, revenue share, and developer activity. It also covers other stories, including how UNI’s fee switch legitimizes token value, regulatory updates, and debunks arguments about the death of crypto.
Christie's inaugural auction for Bitcoin Ordinals will showcase the "Ordinal Maxi Biz" collection curated by ZK Shark. Bidding will be open from April 9 to 16 on the Christie's website. The sale reflects the growing cultural significance of Ordinals in the web3 and digital art space.
Arthur Hayes, chief investment officer at Maelstrom and co-founder and former CEO of BitMEX, recounts personal experiences of missed opportunities and unexpected market resilience in the face of anticipated downturns. Drawing parallels between skiing and trading, the narrative explores financial strategies and predictions, ultimately choosing caution in trading activities until potentially more favorable conditions emerge in May.
Instead of basing a token on a meme, creators could focus on specific projects or groups to generate attention and create utility.
PayPal USD, a stablecoin issued by PayPal and Paxos, experienced a 38% drop in market cap in March, falling from ~$304 million in February to $188.5 million.
Monad Labs, an EVM-compatible alt-L1, aims to improve transaction throughput - it claims to have processed about 10,000 transactions per second (TPS) in its testnet phase, compared to Ethereum's TPS of ~20.
The token will be distributed with an initial airdrop to users and communities, giving recipients the chance to participate in governance, stake, and trade.