Author: Admin-aX9d7
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. More than a year after its initial announcement, Arbitrum launched Timeboost yesterday. Timeboost is a new way of ordering transactions on Arbitrum. That seems pretty boring and unexciting on the surface, but hopefully we can show you why it’s a pretty big deal. Transactions today on Arbitrum are ordered on a simple first come, first serve (FCFS) basis. Seems fair! But it’s problematic in practice: Financial systems need a way to efficiently process transactions. When markets crash, a lending application like Aave needs a way to quickly…
Tokenization platform Securitize has partnered with decentralized finance (DeFi) protocol Mantle to launch an institutional fund designed to earn yield on a diverse basket of cryptocurrencies, the companies said. Similar to how a traditional index fund tracks a mix of stocks, the Mantle Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Solana (SOL), as well as stablecoins tracking the US dollar, Securitize said in an April 24 announcement. The fund also integrates liquid staking tokens — including Mantle’s mETH, Bybit’s bbSOL, and Ethena’s USDe — in a bid to enhance returns with onchain…
Looking for the latest on crypto games, including new releases, token launches and airdrops, and more? Here’s what you need to know.
According to recent figures, the total value locked in decentralized finance (DeFi) has once again exceeded the $100 billion threshold, a level not glimpsed since the final week of March. DeFi’s Big Return: TVL Crosses $100B With Aave and Lido Dominating the Pack Data sourced from defillama.com indicates that the current total value locked (TVL) […]
A non-fungible token (NFT) trader could face up to six years in prison after pleading guilty to underreporting nearly $13 million in profits from trading CryptoPunks, according to the US Attorney’s Office for the Middle District of Pennsylvania.Waylon Wilcox, 45, admitted to filing false income tax returns for the 2021 and 2022 tax years. The former CryptoPunk investor pleaded guilty on April 9 to two counts of filing false individual income tax returns, federal prosecutors said in an April 11 press release.Back in April 2022, Wilcox filed a false individual income tax return for the tax year 2021, which underreported…
In a significant win for decentralized finance (DeFi) protocols, US President Donald Trump overturned the Internal Revenue Service’s DeFi broker rule, which would have expanded existing reporting requirements to include DeFi platforms.Increasing US crypto regulatory clarity will attract more tech giants to the space, requiring existing crypto projects to focus on more collaborative tokenomics to survive, according to Cardano founder Charles Hoskinson.Trump signs resolution killing IRS DeFi broker ruleTrump signed a joint congressional resolution overturning a Biden administration-era rule that would have required DeFi protocols to report transactions to the Internal Revenue Service.Set to take effect in 2027, the IRS…
Kuwait’s Ministry of Interior has outlawed Bitcoin mining, citing excessive power consumption and violations of national regulations.In an April 22 statement, the government warned that crypto mining operations in the country are unauthorized and breach multiple existing laws.The authorities pointed out that crypto mining violates Kuwait’s penal code, communication and IT regulations, industrial laws, and municipal rules.The Ministry continued that these operations place an unsustainable burden on the nation’s electrical grid and potentially threaten public safety.According to the authorities:“The Ministry asserts that cryptocurrency mining leads to excessive consumption of electrical energy, which increases the load on the public grid and…
– Advertisement – El Salvador continues to quietly expand its Bitcoin holdings, recently acquiring 7 BTC while remaining compliant with its IMF loan agreement. By leveraging a flexible interpretation of the deal, the country balances its Bitcoin-friendly stance with critical international financial obligations. El Salvador, the first nation in the world to adopt Bitcoin as legal tender, continues to increase its Bitcoin holdings while maintaining compliance with its financial commitments to the International Monetary Fund (IMF). Despite earlier assumptions that the country had halted Bitcoin acquisitions, new blockchain data reveals otherwise. In the seven days leading up to April 27,…
As the Trump Organization markets hats and shirts emblazoned with “Trump 2028 (Re-write the Rules),” a bet on the prediction platform Kalshi assigns a mere 14% probability to the prospect of Trump being permitted to pursue a third term. Third-Term Chatter Sparks Market Bets on Trump The 45th and 47th U.S. President, Donald Trump, has […]
This is a segment from The Drop newsletter. To read full editions, subscribe. Crypto marketplace Magic Eden’s Season 2 campaign launched on Thursday to reward users for engaging with its platform. Staking Magic Eden ME tokens; trading NFTs, Runes, Ordinals or coins; and linking your crypto wallets on Magic Eden will all help you climb the season’s leaderboard to ultimately earn rewards in a few months. Runes are fungible tokens on the bitcoin blockchain, and Ordinals are like NFTs, but on bitcoin. Swapping tokens on Magic Eden will also help traders climb the leaderboard, according to a post from the…