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Helium Jumps On Solana Migration; US Publishes Draft Stablecoin Bill
The U.S. House Financial Services Committee published a draft version of a potential landmark stablecoin bill. Read more here.
TON Surges Due to $25M Accelerator Fund; Cosmos Launches Cross-chain NFT Standard
The Interchain Foundation (ICF) has launched a new Non-Fungible Token (NFT) standard called ICS-721. Read more here.
BTC Spikes Above $20k; NFTs linked to 3AC Is on the Move
More than 300 NFTs were moved out of a wallet address associated with the now insolvent crypto hedge fund Three Arrows Capital. Find out more here.
Might Pump, No Dump
The broader markets rebounded on Wednesday as a strong upward move positioned the price of Bitcoin well above $31k, while eyeing to settle above resistance levels near $32.5k for more upside gains.
ETH MVRV Z-Score Hints at Bottom Formation; Bill Introduced to Exempt Small Crypto Transactions From Taxes
A bipartisan bill was introduced on Tuesday that seeks to simplify the use of crypto in everyday scenarios by easing the disclosure requirements for small transactions. Find out more here.
AVAX Soars Following AWS Partnership; Yuga Labs Announces Skill-Based Mint
Yuga Labs continues to expand the Bored Ape Yacht Club (BAYC) ecosystem with a skilled-based NFT mint. Read more here.
Prime Time
The price of Bitcoin extended its decline to test support in the upper region of $46k after briefly bouncing back to $48k on Wednesday.
Zircuit Surges Past $1 Billion in Deposits Ahead of Mainnet, Fueling Ethereum's Layer 2 Expansion
The Ethereum Layer 2 network Zircuit has quickly surpassed $1 billion in pre-mainnet deposits in just six weeks, attracting significant interest with 333,839 Ether and over $45.9 million in stablecoins, primarily Ethena's USDe.
BTC Hash Rate Reaches ATH; BNB Chain Halts Transactions Over Bridge Exploit
The BNB chain halted transactions after identifying a cross-chain bridge exploit on the network. Read more here.
Sun & Moon
Bitcoin’s failure to break above intra-day high due to profit-taking activities resulted in a nearly 3% pull-back, before settling near $45k.
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