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Ethereum's Pectra Upgrade Goes Live, Staking Limits Raised to 2,048 ETH
Ethereum successfully activated the Pectra hard fork, doubling the maximum validator stake from 32 ETH to 2,048 ETH and introducing EIP-7702 smart-account features. Gas fees dropped 18% in the first hour as blob throughput expanded.
SEC Approves Options Trading on Spot Bitcoin ETFs — Analysts Call It a Game-Changer
The Securities and Exchange Commission greenlit options contracts on US-listed spot Bitcoin ETFs, a move analysts say will dramatically improve institutional hedging and draw fresh capital into the asset class.
Solana DeFi TVL Crosses $10B for First Time Amid Meme-Coin Frenzy
Total value locked in Solana decentralised-finance protocols surpassed $10 billion for the first time, driven by a surge in meme-coin trading volume on Raydium and Pump.fun that boosted transaction fees and staking yields.
MicroStrategy Buys Another 13,390 BTC for $1.1B, Total Holdings Near 215,000 Coins
MicroStrategy disclosed its latest Bitcoin purchase — 13,390 BTC at an average price of $82,235 per coin — bringing its total holdings to approximately 214,400 BTC valued at roughly $17.8 billion.
Stablecoin Legislation Advances in US Senate With Bipartisan Support
The GENIUS Act, which would create a federal framework for payment stablecoins, advanced out of the Senate Banking Committee with support from both parties. Passage would provide regulatory clarity for USDC and USDT issuers.
Coinbase Q1 Earnings Beat Estimates as Trading Revenue Surges 85%
Coinbase reported Q1 net revenue of $2.03 billion, up 118% year-on-year, beating the $1.84 billion consensus. Trading revenue more than doubled to $1.26 billion as crypto prices rose and retail activity returned.
Altcoin Season Signals Flashing as BTC Dominance Slips Below 54%
Bitcoin's share of total crypto market capitalisation fell below 54%, a level historically associated with capital rotation into altcoins. Ethereum, Solana, and BNB all outperformed Bitcoin over the past week.
Major Crypto Exchange Suffers $230M Hot-Wallet Hack, Suspends Withdrawals
WazirX, India's largest crypto exchange, confirmed a security breach that drained approximately $230 million from a multi-signature hot wallet. The exchange suspended all withdrawals pending an investigation with Liminal Custody.
Layer 2 Adoption Hits New Highs: Base and Arbitrum Together Handle 65M Daily Txns
Ethereum Layer 2 networks Base and Arbitrum collectively processed a record 65 million daily transactions, surpassing Ethereum mainnet activity by 5x. Total L2 TVL rose to $47 billion as gas fees stayed below $0.01.
Bitcoin Breaks Above $80,000 for First Time Since March Correction
Bitcoin crossed the $80,000 mark for the first time since a March correction knocked it to $61,000, fuelled by a combination of ETF inflows, halving-cycle optimism, and improving macro sentiment following a softer CPI print.
SEC Drops Securities Charges Against Coinbase, Ripple in Policy U-Turn
The Securities and Exchange Commission withdrew its long-running lawsuits against Coinbase and Ripple, signalling a softer regulatory stance toward crypto under new leadership. XRP surged 18% on the news.
Spot Bitcoin ETFs Surpass Gold ETFs in Combined AUM for the First Time
US-listed spot Bitcoin ETFs crossed $100 billion in combined assets under management, surpassing the total AUM of all US gold ETFs for the first time. The milestone took just 15 months after the first products launched in January 2024.
BlackRock Files for Spot Ethereum ETF Options With SEC
BlackRock submitted a 19b-4 filing to list and trade options on its iShares Ethereum Trust ETF, following the approval of Bitcoin ETF options. Analysts expect approval within 90 days, which could draw fresh institutional capital.
Bitcoin Miners' Revenue Hits Post-Halving High as Fees Compensate for Block Reward Cut
Bitcoin miner revenue reached its highest level since the April 2024 halving, as rising transaction fees — driven by Runes inscription demand — more than offset the reduction in block rewards from 6.25 BTC to 3.125 BTC.
DeFi Protocol Aave Surpasses $20B in Total Value Locked After Fee Switch Vote
Aave's TVL climbed above $20 billion for the first time following a governance vote to activate a protocol fee switch, distributing a portion of interest income to AAVE token stakers. The decision sparked a 14% rally in AAVE.