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Analyst Michael van de Poppe has claimed that Bitcoin will reach a new all-time high in a few weeks.
Ethereum validators and the total amount of ETH staked have been increasing. Currently, there are close to 1.1 million validators on the network with 34.8 million ETH staked.
Share link:In this post: The Ethereum Network has more staked Ether and validators than ever before, but this might not necessarily be the best outcome. Lachlan Feeney, founder and CEO of Ethereum infrastructure firm Labrys, says nobody knows the ideal amount of staked Ether, but he thinks the limit may have already been passed. Too much staked Ether could cause issues such as failed transactions and the forced use of other tokens in the Ethereum ecosystem.
- 09:54OpenAI's largest data center secures $11.6 billion in fundingAccording to the Wall Street Journal: OpenAI's largest data center has secured $11.6 billion in funding, with each building expected to use up to 50,000 Nvidia Blackwell chips.
- 09:53Bitwise CIO: Stablecoin Legislation Could Pave the Way for a Multi-Year Bull Market in CryptoAccording to The Block, the U.S. Senate voted on Monday to advance landmark stablecoin legislation, with Bitwise Chief Investment Officer Matt Hougan stating that this move could pave the way for a prolonged bull market in crypto assets. He likened this development to a "marriage between Wall Street and the crypto industry." Senators voted 66 to 32 to advance the GENIUS Act, which received bipartisan support, including 16 Democratic senators who had previously opposed it but switched to support this week. Leaders in the crypto industry and legislators hailed this vote as a historic victory, believing it helps ensure the dominance of the dollar. However, following the procedural vote, lawmakers still need to vote on potential amendments before a final vote on the bill itself. Hougan wrote in a note to clients on Tuesday evening, "Politicians in Washington did the right thing. I don't want to get ahead of myself, but it looks like we will see the first fully passed crypto legislation in the U.S. this summer."
- 09:53Uniswap dismisses Bancor's patent infringement lawsuitUniswap Labs, the company behind the decentralized trading platform Uniswap, has dismissed the infringement lawsuit filed by Bancor in the Southern District of New York, stating that it is a "publicity stunt" amid the evolving regulatory landscape for crypto and DeFi in the United States. On Tuesday, Bancor announced that it is suing Uniswap Labs and the Uniswap Foundation, accusing them of infringing on its patented technology. Bancor claims that the Uniswap project has improperly used its "Constant Product Automated Market Maker" (CPAMM) infrastructure over the past eight years. (The Block)