Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • U.S. SEC has sent subpoenas to companies that have worked with the Ethereum Foundation. Following Ethereum’s switch to a proof-of-stake, the subpoenas focused on the Ethereum Foundation and were served to various firms.
  • Do Kwon’s appeal against his extradition to South Korea was denied by the Montenegro Appellate Court on Wednesday.
  • On April 1, Coinbase Derivatives will begin offering futures trading for litecoin, bitcoin cash, and dogecoin. In order to ensure regulatory compliance, the exchange uses self-certification with the CFTC for speedy listing.
  • SEC requested public feedback in a document submitted on Wednesday, stating that it will decide whether to approve VanEck’s spot ether ETF on May 23, 2024.
  • The leaders of Ethereum, Eric Conner and Mariano Conti, are pushing for an increase in the mainnet’s gas cap. The rationale is that transaction fees might be lowered by as much as 33%.
  • According to the foundation’s GitHub repository, the Ethereum Foundation has received a voluntary and confidential inquiry from an unidentified state authority. The charity has consequently taken down the “Warrant Canary” from their website.
  • The Open League, a community awards program worth 30 million Toncoins, has been unveiled by the TON Foundation. A dividend valued at more than $115 million will be made to users of the TON ecosystem and rival initiatives beginning next month.
  • To create an Ethereum Layer 2 network that is geared toward consumers, Morph has acquired $20 million in investment. Dragonfly led the investment round, in which Pantera, the Spartan Group, and other participants participated.
  • Custodial services were introduced on the institutional investor platform Kraken. Coinbase, which has emerged as the go-to custodial platform for institutional investors creating spot bitcoin ETFs, will face competition as a result of the decision.
  • The cryptocurrency wallet for Robinhood has an official Android app now available. According to Robinhood, their cryptocurrency revenue in Q4 of 2023 increased by 10% year over year to $43 million.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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