Important News

If Bitcoin rises above $60,000, select altcoins such as AVAX, MATIC, EGLD and MATIC may remain strong. Bitcoin (BTC) is witnessing a tough tussle near the $58,000 mark but that has not stopped select altcoins from hitting a new all-time high. This shows that traders are watching the fundamental developments on individual coins. One of…

The Liberal Party Senator commented that DeFi “presents huge opportunities” for Australia to cement its place as a “front-runner for innovation.” Senator Jane Hume has stated that decentralized finance (DeFi) “presents huge opportunities” for Australia to cement its place as a “front-runner for innovation and economic progress.” Senator Hume spoke at the Australian Financial Review Super &…

Layer-two TVL has more than doubled over the past couple of months, hitting a new all-time high of $5.64 billion. The total value locked (TVL) on Ethereum layer-two networks has surged to a new peak as gas fees continue to steadily rise driving further adoption.  Layer-two analytics platform L2beat currently reports that the TVL across various layer-two…

Zhu Su backtracked after the initial scathing comments, saying that he “loves Ethereum and what it stands for.” Zhu Su, CEO and founder of hedge fund Three Arrows Capital (3AC), tweeted that he has “abandoned Ethereum despite supporting it in the past” before making a U-turn on the statement.  In the Sunday thread, Su claimed that…