Summary: Ethereum’s Shanghai upgrade meant to enable the withdrawal of staked ETH was successfully tested on Sepolia, a public testnet. The test simulated two crucial upgrades – Shanghai on the execution layer and Capella on the consensus layer. Developers will now test Shanghai-Capella or Shapella on a third public testnet...
Summary: Deposits into liquid staking protocols like Lido Finance grew to over $14 billion on Monday, as Ethereum’s upgrade for staked withdrawals draws nearer. Liquid staking now boasts crypto’s second-largest industry, topping lending markets in terms of total value locked. The hype around Ethereum’s Shanghai update and staked Ether withdrawals...
Summary: Ethereum scaling entity Polygon Labs reduced its workforce by 20% or almost 100 jobs, the protocol shared via an announcement on Tuesday. Polygon said the job cut was part of a business consolidation process from earlier in 2023. The scaling platform is the latest crypto entity to lay off...
Summary: Aave community member Marc Zeller proposed halting the BUSD lending market on Ethereum. Zeller argued that the Paxos-issued stablecoin was bound to decline in supply and inability to mint new tokens would affect peg arbitrage opportunities. The proposal was submitted shortly after U.S. regulators ordered Paxos to halt minting...
Summary: Paxos will wind down its relationship with Binance for the BUSD stablecoin. BUSD redemptions will continue till at least February 2024 but no new tokens will be minted following an order from the New York Department of Financial Services and an SEC lawsuit. Binance will also continue to support...
Summary: Paxos was ordered to stop minting Binance USD (BUSD) by the New York Department of Financial Services. The order coincided with the SEC’s plans to sue Paxos for selling unregistered securities in BUSD. CEO of the crypto exchange, Changpeng Zhao, noted that his company would review other projects to...
AI-related crypto tokens including Fetch.ai and SingularityNET have gained more than 23% overnight. The rising popularity of ChatGPT has boosted the AI narrative among crypto traders.
Summary: Twitter recently started applying for payment licenses in the U.S., the Financial Times reported. Musk charged Esther Crawford to oversee Twitter Payments, the division building technology to bring crypto and fiat payments to the social network. Binance CEO Changpeng opined that Elon’s social media giant should onboard several blockchains...
Layer 1 blockchain Aptos' APT token reached an all time high price of $16.2 earlier today. The token has gained more than 370% since the beginning of the year.
