A major milestone has been reached by the XRP Ledger, even though all eyes are on the ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC). With the recent achievement of over 10 million XRP tokens locked in its AMM pools, the network has reached a
Austin Federa, Head of Strategy at Solana, spoke on a new feature called ZK Compression, which is a huge step forward for blockchain technology. This new innovation has the potential to significantly lower the cost of on-chain account storage. A major obstacle for both institutional and mass-market apps is therefore
The prominent ETF issuer YieldMax has recently filed with the US SEC to launch an ETF based on the Ether Option Income Strategy. According to a filing made public on June 21, 2024, the ETF will be listed on the NYSE Arca. This strategic shift is also occurring at the
The S-1 registration form for the spot Ethereum ETF was recently modified by financial services behemoth Fidelity Investments. Most of the potential spot Ethereum issuers are anticipated to submit these changes today, as anticipated before. The revised S-1 filing by Fidelity Investments comes as rumors about the approval of spot
The anticipated airdrop of LayerZero’s ZRO token launched recently, with listings on major exchanges including Binance, Bitfinex, OKX, ByBit, and Bitget. These listings significantly boosted the token’s liquidity and visibility, leading to an initial price surge reaching $4.80. However, the token’s price saw a decline following the introduction of a
As the Ripple vs SEC XRP case continues, rumors of a potential settlement between the two giants continue to circulate. The Ripple case has been sent to settlement negotiations by a U.S. district court. The move follows Judge Phyllis Hamilton’s decision to reject many class action lawsuits. While permitting the
An extra two years have been added to the digital-franc pilot program by the Swiss National Bank (SNB). Switzerland is clearly dedicated to investigating the possibilities of CBDCs and how they may be integrated into the financial system, as shown by this action. The performance, security, and scalability of the
The Open Network (TON) blockchain has become one of the most trending networks in the market, as reported by market analysts. The Telegram-linked blockchain sets a new record by hitting a transfer volume of approximately $10 billion — 10% of Bitcoin’s transfer volume ($50 billion). Amid this bullish talk, the
Jeremy Allaire, the founder of Circle Internet Financial Ltd, the firm behind USDC stablecoin, recently went on X to express his continued confidence for the future of cryptocurrency, especially stablecoins. He reiterated his heightened optimism over the ecosystem in his lengthy post. Allaire summarized the progress made by the cryptocurrency
In the past month, the crypto market has witnessed wavering upward and downward movements. With crypto assets particularly the altcoin sector, showing price revivals, the regulators introducing announcements and numerous launches, the first half of 2024 has been momentous in activity. As the second half (H2) of the year is
