Author: Admin-aX9d7
This is a segment from the Blockworks Daily newsletter. To read full editions, subscribe. “There are only two ways to make money in business: bundling and unbundling.” — Jim Barksdale, former CEO of Netscape Stablecoins might unbundle banking (and then re-bundle it) Bundling and unbundling aren’t the only ways to make money, of course — you can also invent something new or do an old thing more efficiently, for example. But Jim Barksdale’s comment — made spontaneously to close a roadshow meeting for the Netscape IPO — became a dictum in tech circles because it explains a lot of things about…
Transaction costs on the Ethereum network have dropped to the lowest level in five years as the amount of activity on the blockchain is in a lull, according to the onchain analytics platform Santiment.Ethereum network fees are now around $0.168 per transaction and the reduction in fees coincides with fewer people sending Ether (ETH) and interacting with smart contracts, Santiment marketing director Brian Quinlivan said in an April 17 blog post.“When many people are using Ethereum, users bid higher fees to get their transactions confirmed faster This drives the average costs up,” Quinlivan said.“When fewer people are transacting, like we…
DeFi Development Corp. (JNVR), formerly known as Janover, is doubling down on its plan to buy more Solana for its treasury as it looks to offer up to $1 billion worth of securities. The firm, formerly a commercial real estate lending tech platform, revealed in a U.S. Securities and Exchange Commission (SEC) filing that it plans on using the funds for “general corporate purposes, including the acquisition of Solana.” The offering will include common and preferred stock, debt instruments, warrants, and units.DeFi Development has already acquired approximately $48.2 million of SOL and plans to operate validators on the Solana blockchain…
Ethereum core developers are considering a four times increase in the layer 1 gas limit as one of the key features for the next hard fork after Pectra, known as Fusaka.The devs are proposing to test a raise in Ethereum’s gas limit to 150 million by the Fusaka hard fork, according to Ethereum Improvement Proposal (EIP) 9678, introduced on April 23 by Sophia Gold, a developer on the protocol support team at the Ethereum Foundation. During the last All Core Devs Execution (ACDE) meeting, there were discussions to make the gas limit increase a “key feature” of Fusaka, Ethereum core developer…
Trump’s announcement of a strategic crypto reserve on Mar. 2 ignited a swift and widespread rally that reversed the recent dip in sentiment following Bitcoin’s drop below $80,000 last week. While Bitcoin and Ethereum were widely assumed to be the reserve’s central components, the initial announcement only mentioned XRP, Solana, and Cardano. The market’s response was immediate and enthusiastic. Investors interpreted the move as a signal of governmental endorsement, driving a price surge across the market. The announcement’s effects were significant, with the entire market seeing a robust uplift following the news. Bitcoin climbed 7.13% to $91,906, reclaiming much of…
19h05 ▪ 5 min read ▪ by Mikaia A. In the crypto world, certain indicators are crucial for assessing market trends. One of the most followed is Bitcoin’s “Supply in Profit,” which shows what percentage of the total supply is currently in unrealized gains. With 87% recently reached, many wonder if this marks the onset of an euphoria phase. Crypto traders need to ask themselves: how likely is the market to reverse? In Brief 87% of bitcoin’s supply in profit, a strong signal of investor confidence. The Supply in Profit indicator can trigger selling pressure if too many BTC are…
Crypto law firm Burwick Law has called out Solana-based non-fungible token platform Metaplex’s plan to sweep unclaimed Solana (SOL) into its treasury instead of returning it to investors, suggesting it could be at risk of litigation if it follows through with the plan.Last year, Metaplex, an NFT protocol, discovered a way to reduce the amount of onchain storage required for certain NFTs. By resizing the NFTs, Solana NFT holders can claim a small amount of SOL. In October, Metaplex said that Metaplex Token Metadata (TM) NFT holders will be able to execute a “resize optimization” for all TM accounts with…
The market price of bitcoin (BTC) dropped below $39,000 on April 18 in a declining trend during the Easter holidays. Meanwhile, ether (ETH) price fell below $3,000 for the first time since mid-March.The combined crypto market has lost almost $400 billion since early April, with analysts warning a “disaster in the financial markets” could push bitcoin under $30,000.FxPro senior market analyst Alex Kuptsikevich told Forbes that:“The signal for a break of the mild upward trend would be a consolidation below the $38,000 per bitcoin levels. If the bulls capitulate, the first cryptocurrency could be pushed into the $32,000 to $35,000…
World Liberty Financial (WLFI), the crypto firm associated with the family of US President Donald Trump, made waves when it debuted late last year.WLFI caused a stir when it launched ahead of the president’s inauguration. Observers have accused the project of front-running important crypto-related events, like the White House Crypto summit, and presenting a conflict of interest.Trump is in a unique position to influence outcomes that would affect his portfolio, but WLFI is not insulated from the broader market trends, which have seen crypto and stock prices drop amid significant macroeconomic concerns. The Trump administration will soon mark 100 days…
This is a segment from the Empire newsletter. To read full editions, subscribe. A bank, but make it DeFi. Ether.fi is launching the first DeFi bank, a decentralized and non-custodial alternative to traditional banks. Basically, the project is expanding into a new category, “which is not a traditional bank, in the sense that it doesn’t take users’ deposits, but it really is a viable alternative to banks,” CEO Mike Silagadze told me. “Our plan from the beginning was to build this larger platform that really became a bank alternative for users,” Silagadze noted. “I think over the next year…you [will]…