Crypto Insights
According to Bloomberg, reports suggest that the US SEC is likely to give its approval for the first Ethereum Futures ETF in the country. Read more here.
Injective Protocol, tailored for trading platforms, has introduced inEVM, a rollup that fosters interoperability across the Ethereum, Cosmos, and Solana networks
Marc Zeller, founder of the Aave Chan Initiative, hinted at a forthcoming vote for Aave stakers on implementing a 'fee switch' to distribute Aave's profits.
Ava Labs is testing its HyperSDK blockchain upgrade on the Avalanche network, achieving a remarkable 143,322 transactions per second (TPS) in a controlled test environment. Read more here.
Pyth Network's recent airdrop of its Solana-based PYTH token was a significant event, placing over $77 million worth of crypto in the hands of users. Read more here.
The U.S. House Financial Services Committee published a draft version of a potential landmark stablecoin bill. Read more here.
The Interchain Foundation (ICF) has launched a new Non-Fungible Token (NFT) standard called ICS-721. Read more here.
More than 300 NFTs were moved out of a wallet address associated with the now insolvent crypto hedge fund Three Arrows Capital. Find out more here.
Yuga Labs continues to expand the Bored Ape Yacht Club (BAYC) ecosystem with a skilled-based NFT mint. Read more here.
The Ethereum Layer 2 network Zircuit has quickly surpassed $1 billion in pre-mainnet deposits in just six weeks, attracting significant interest with 333,839 Ether and over $45.9 million in stablecoins, primarily Ethena's USDe.