JUST IN: 🇺🇸 Ten US states take legal action against Coinbase for violating securities laws.
• Illinois
• Vermont
• Alabama
• Kentucky
• California
• Maryland
• Wisconsin
• Washington
• New Jersey
• South Carolina.
17.86M - The amount of ETH currently
held on exchanges.
This is the lowest level recorded since April 2018. The two main reasons for this:
• The ability to stake ETH: Investors are chasing the attractive yield that comes with staking.
• Events like FTX have spooked investors
BINANCE’S MARKET SHARE IS FALLING RAPIDLY!
#Binance had a 62% market share in spot crypto trading volumes in February and that has declined to around 47% this month thus far. Binance's market share has dropped by nearly 15 percentage points in the last few months.
Ripple has scored a win against the SEC as the agency's attempt to seal internal files related to the "Hinman Speech" has been shut down. These files contain SEC drafts and emails regarding a speech by former SEC official William Hinman, who indicated that ether wasn't a security
Biggest ETH Gas Guzzlers
Combined, the above accounts generated 32.3k ($59.5M) in fees for the Ethereum network last week, of which 26.2k Ether has been burned, contributing towards deflation of Ether supply and returning value to holders.
NFT leaderboard 2018 vs 2023
- most of the projects from 2018 are dead,
- even though it’s an #NFT “bear market” right now, the weekly volume is still 30-40x more now than in 2018
PayPal has $1 billion in crypto assets
In its latest quarterly report filed with the SEC, PayPal reported that it holds approximately a billion dollars worth of crypto assets as of Q1 2023, showing a 56% increase from the previous quarter.
#diversification#crypto
PEPE Update:
- The memecoin has made some crypto traders millions since launching last month.
- The top 15 pepe whales are sitting on potential profits that currently total $92.6 million.
The whales still hold over 38 trillion pepe coins, or around 9% of its total supply.
The net amount of Ethereum being staked is positive, indicating that there are more addresses depositing their Ethereum than there are withdrawing.
As of today, the figure is 113,568 ETH or $291 million at today’s prices.
Here is the response from @coinbase after receiving Wells notice from #SEC: https://t.co/AZpFCRBKLY. Coinbase is ready to fight. Will be interesting to see what happens.
zkSync Era Is Here!
At the end of March, we saw the launch of the #first zkEVM to hit the Ethereum mainnet for the wider public. Three days later, we saw Polygon Labs drop Polygon zkEVM, heating up the ZK rollup competition.
#technology#blockchain#layer2