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6 Weeks After Launching, Base Layer-2 Bridge Is Processing More Transactions Than Arbitrum

Roughly six weeks after Base, the layer-2 scaling solution backed by Coinbase, was launched, its bridge is now the seventh most active, looking at transaction count. DeFiLlama data on September 21 reveals that the Ethereum-Base bridge had posted 2090 transactions. This is more than those registered by the Ethereum—Arbitrum and Polygon zkEVM bridges, which had 1,642 and […]

Gensler says U.S. government shutdown would reduce SEC to skeleton crew

Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), told Bloomberg on Sept. 20 that a government shutdown could hinder his agency. Other reports indicate that the U.S. government could shut down on Oct. 1 as members may not pass the bills needed to fund operations before the next fiscal year. Gensler commented […]

Ethereum Layer-2s Witnessing Surge in Specialization as Key Protocols Carve Out Unique Paths: IntoTheBlock

Analytics firm IntoTheBlock says that major Ethereum (ETH) layer-2 (L2) protocols are evolving and finding their respective niche. IntoTheBlock says that Ethereum-scaling solutions Base, Arbitrum (ARB) and Optimism (OP) are carving out their own paths and creating a “robust and diverse ecosystem.” Looking at Base first, the analytics firm says that Coinbase’s new layer-2 protocol […]

FTX Holds $560,000,000 in Bitcoin and $1,162,000,000 in Solana, Court Documents Reveal

Court documents reveal that the bankrupt crypto exchange FTX is still holding over $3 billion in assets as August 31. As shared on the social media platform X by crypto reporter Colin Wu, on August 31, 2023, FTX was still holding almost $2 billion in Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) alone. “As of August […]

Arthur Hayes Says China Capital Flight Could Shake Up Macro Climate – Could It Affect Bitcoin?

Possible capital flight from China is an important trend to watch, according to controversial BitMEX founder and crypto veteran Arthur Hayes. Google Finance data indicates the Chinese yuan (CNY) has fallen by more than 5% against the US dollar since the beginning of 2023. Hayes tells his 394,100 followers on the social media platform X […]

Bitcoin Reserves On Exchanges Approaching A 6-Year Low, Good For Price?

Bitcoin (BTC) held by leading crypto exchanges like Coinbase, Binance, and Kraken are near a six-year low, CryptoQuant data on September 20 reveals. The contraction was recorded when the broader market steadied after posting sharp losses in the better part of August and the first half of September. As of September 20, BTC prices are still below $30,000, but with important sideways movement over the past few weeks.  Bitcoin Reserves On Exchanges Falling  According to trackers, exchanges […]

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