News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Quick Take High fees might have caused the slowdown in Bitcoin active addresses, but it doesn’t appear to be the main culprit. This is an excerpt from The Block’s Data & Insights newsletter.
Quick Take DAI’s supply has climbed from 4.42 billion to 5.48 billion, a 24% jump in two months. When looking at the raw circulating supply of DAI, its supply has been on a downward trend for a while. This is an excerpt from The Block’s Data & Insights newsletter.
Bitcoin traded down after U.S. wholesale prices jumped 0.5% in April, another sign inflation remains sticky.Traders are looking at Tuesday’s PPI reading and Wednesday’s CPI data for clues on rates.
Polymarket Labs has raised $70 million across two rounds, the most recent led by Peter Thiel’s venture capital firm Founders Fund. Ethereum co-founder Vitalik Buterin is also among the decentralized prediction market platform’s backers.
Paxos tapped Giancarlo, who has also been nicknamed “CryptoDad,” to serve on its board of directors. Giancarlo was chair of the CFTC from March 2017 to April 2019, where he oversaw the first bitcoin futures products being launched.
- 02:19Bloomberg ETF Analyst: Traditional financial institutions are interested in Bitcoin ETFs, which can help improve capital flow and demandData shows that in the past four years, among 1,800 ETFs that started trading, BlackRock's IBIT has ranked first in terms of fund inflows. Bloomberg ETF analyst James Seyffart believes that a large part of the reason for the rapid influx of funds is due to investors wanting to invest in Bitcoin for some time. The interest from traditional financial institutions in Bitcoin ETFs helps improve capital flow and demand.
- 02:17Governor of the Bank of England: Will continue to provide cash, currently establishing a retail CBDC for innovationAs people are increasingly worried that the Bank of England's digital currency (CBDC) Britcoin will replace cash, Andrew Bailey, the Governor of the Bank of England (BOE), stated, "Evidence shows that people do indeed want cash, so we will continue to provide it." Bailey said he supports banks issuing wholesale CBDCs but is cautious about issuing retail CBDCs. Bailey further added that the Bank of England is establishing a retail CBDC for innovation. He believes that CBDC innovation should be open to the private sector and it will ensure commercial banks modernize their digital payment systems.
- 02:13Ordinals Founder: Version 0.21.2 has fixed a major flaw in rune transmission, it is recommended that users upgrade as soon as possibleOrdinals founder Casey issued a reminder on the X platform, urging users to upgrade their ord wallets to version 0.21.2 as soon as possible. This update fixes a serious vulnerability that could lead to unexpected loss of runes due to incorrect creation of change output when using the "ord wallet send" function. Casey explained that when input UTXO contains multiple runes (A and B), sending rune A might mistakenly send rune B in the process. The update also adds a new feature for signing messages with wallet addresses and fixes an issue with casting progress display. So far, no reports have been received about asset losses caused by this vulnerability.
