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Traders on Polymarket are confident with a 90% probability that the Ethereum ETF spot will be approved in the US before July 26. ETH Staking Approaches ATH as Ethereum ETF Approval Date Nears As the official approval date for the Ethereum spot ETF approaches, the amount of Ether (ETH) being
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Traders on Polymarket are confident with a 90% probability that the Ethereum ETF spot will be approved in the US before July 26. ETH Staking Approaches ATH as Ethereum ETF Approval Date Nears As the official approval date for the Ethereum spot ETF approaches, the amount of Ether (ETH) being
DeFi
On the evening of July 8, MakerDAO officially approved the LitePSM proposal, aimed at minimizing custodial risks associated with the USDC backing its DAI stablecoin. MakerDAO Implements LitePSM to Mitigate Custodial Risks for USDC Portfolio Following the approval on July 8, and adhering to the 30-hour delay period, MakerDAO will
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According to an announcement on July 9th, EURC on Base will be the first stablecoin compliant with the MiCA law within the network. Circle Launches First MiCA-Compliant Stablecoin on Base. Image: Crypto News The stablecoin issuer Circle has launched EURC, a euro-backed stablecoin, on the Layer-2 platform Base. 1/ 🥁 ... $EURC
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On the evening of July 10th, Optimism officially deployed the Fjord upgrade on its mainnet with several notable changes. Optimism Deploys Fjord Upgrade on Mainnet This latest upgrade on the OP Mainnet includes a significant change known as RIP-7212. Additionally, networks within the Superchain system will benefit from these new
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According to CoinDesk, the team behind The Open Network (TON), famously associated with Telegram messaging apps, has confirmed a partnership with Polygon Labs to introduce its own Layer-2 network. This announcement was made at the Ethereum Community Conference (EthCC) in Brussels, Belgium today. The new Layer-2 is named TON Applications
DeFi
Wormhole has recently announced support for cross-chain transfer mechanisms for the native version of USDT. Wormhole Supports Cross-Chain Transfer Solution for Native USDT The native version of USDT will now be supported for transfer between Ethereum and other popular EVM networks. This solution, supported by Wormhole, is in collaboration with
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At the EthCC conference held in Belgium, Ethereum co-founder Vitalik Buterin reiterated the importance of reducing block confirmation times on this blockchain. During a panel discussion on Pre-Confirmations (or "Soft Confirmations"), Vitalik Buterin highlighted the benefits of faster Slot verification (an equivalent concept to Blocks) on Ethereum. Specifically,
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Vitalik Buterin Continues to Advocate for Shorter Block Times on Ethereum at EthCC Conference. Image: @therollupco on X (Twitter) At the EthCC conference held in Belgium, Ethereum co-founder Vitalik Buterin reiterated the importance of reducing block validation times on the blockchain. During a panel discussion on Pre-Confirmations ("Soft Validation&
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Celo, the first mobile-first layer-1 blockchain, has successfully launched the Dango testnet. This Layer-2 initiative, conceived last year, marks a significant step for Celo's deeper integration into the Ethereum ecosystem. The decision to implement a Layer-2 solution was put to a community vote in July 2023. After eight
DeFi
The Aave community has recently published a proposal to clarify the profit-sharing issue with Spark Protocol, MakerDAO's lending product branch. Aave Continues "War" with MakerDAO Over Profit-Sharing Mechanism In a forum post on the Aave DAO on the evening of July 4, author MarcZeller highlighted MakerDAO&
![[Update] Bitcoin Drops to $53,500, Lowest Level in 5 Months](/content/images/size/w600/2024/07/20240705044339-bd27ea2f-60ed-48c5-8c6c-abdab62d5f3c-165.jpg)
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Bitcoin, the world's largest cryptocurrency, continues its downward trend following Mt. Gox's transfer of funds. Market fluctuations of top cryptocurrencies as of 11:30 AM on July 5, 2024. Source: Coin360 As reported by Coin68 on the morning of July 5th, Mt. Gox's Bitcoin
