Technology
NFTs
ENS is taking first steps to Ethereum Layer-2 support
ENS, Ethereum Name Service, in collaboration with Chainlink, is taking first steps towards adopting Ethereum Layer-2 support for ENS domain names. ENS aims for optimistic roll-ups.
Analysis
Bitcoin down 50% amid fear of Fed’s hawkish rate hikes
The bitcoin price hasn't been this low since July 2021. Bitcoin is down 50 percent from the November all-time-high, making this the second deepest drawdown in this halving cycle.
Exchanges
FTX, Nexo to launch crypto debit cards
American crypto derivatives exchange FTX and European crypto exchange Nexo are launching crypto debit cards to customers in selected regions.
Mining
Bitcoin mining difficulty increased today, hitting a new ATH
As a programmatic consequence of the Bitcoin network hitting a new all-time-high in total hash rate in the beginning of this year, the Bitcoin mining difficulty was adjusted to a new all-time-high today.
DeFi
$4B non-profit established to stabilize UST stablecoin
Founded by Terraform Labs, non-profit Luna Foundation Group, is set out to support the stability of the stablecoin UST peg, and allocate grants for ecosystem builders.
Analysis
Bitcoin sits at the last level of crucial price support
The market price of bitcoin faces crucial support at the current level as whales accumulate, but also strong resistance ahead.
Analysis
Not so fast, are “Eth killers” as speedy as they claim?
So-called “Eth-killers”, Layer-1 blockchains competing with Ethereum, are supposed to be much faster and much cheaper. While this is true for fees, are Eth-killers really as fast as they claim to be?
NFTs
OpenSea acquires DeFi onramp wallet Dharma Labs
Leading NFT marketplace OpenSea acquires onramp wallet developers Dharma Labs. The Dharma DeFi app will be discontinued over a 30-day “sunset” period.
Gaming
Animoca Brands raises $358 million to grow the open metaverse
Animoca Brands, metaverse developer and the company behind The Sandbox virtual reality game, raises over $358 million to continue product development and licenses for popular intellectual properties.
Banking
BitMEX buys one of the oldest banks in Germany
One of Germany's oldest banks is about to be purchased by a company closely related to crypto exchange BitMEX, with the goal of establishing regulated crypto products in Germany, Austria, and Switzerland.
Analysis
Ethereum gas fee tokens poor performers, Ponzi accusations
Two fresh tokens of late have put focus on Ethereum gas fees and airdropped tokens to network users. The tokens in question have performed poorly and there are accusations of ponzi schemes.
Stablecoins
USDC supply surpasses USDT on Ethereum
The amount of USDC stablecoin issued on the Ethereum blockchain has surpassed that of the number one stablecoin USDT. The “flippening” is telling of the recent growth of USDC.