Daily Bits

The U.S. Securities and Exchange Commission has started engaging with Ethereum ETF issuers over S-1 forms, indicating a positive sentiment.

Kakarot Labs, supported by StarkWare and Ethereum's Vitalik Buterin, launched the testnet for its Cairo-based zero-knowledge Ethereum Virtual Machine (ZK-EVM), advancing EVM-compatibility on Starknet.

Ethereum and its ecosystem tokens experienced significant gains due to increasing optimism over the potential SEC approval of Ethereum exchange-traded funds (ETFs).

Ether's price jumped 10% to $3,400 following optimistic updates from Bloomberg ETF analysts

MakerDAO Founder, Rune Christensen, announced the introduction of two new stablecoins, NewStable and PureDAI

The ETHBTC (ether-bitcoin) ratio has hit its lowest point since April 2021, reflecting a nearly 16% decline this year.

Symbiotic, a new competitor in the decentralized finance (DeFi) space, is being secretly funded by the co-founders of Lido and the venture capital firm Paradigm.

Bybit Web3, the Web3 division of Bybit and one of the top global crypto exchanges, announced an Initial DEX Offering (IDO) for Thetanuts (NUTS) on its platform.

Over the last week, DeFi experienced notable changes. Solana's transaction fees are increasing and could potentially surpass those of Ethereum soon, with its economic value approaching Ethereum's.

MarginFi is set to launch YBX, a new decentralized stablecoin on Solana, backed by SOL-based liquid staking protocols (LSTs).