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Diminished Activity, L2 Migration Push Ethereum to Turn Inflationary


Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum’s inflation rate stands at 0.270%. The decline in overall activity and people transitioning to layer two (L2)...

Google Cloud Enhances Access to Blockchain Data, Adds 11 Networks


Google Cloud has announced an addition of 11 blockchains to its ‘BigQuery’ program for datasets in a bid to provide easy access to blockchain data. In an official statement on Sept 21, the company disclosed the 11 new networks: Avalanche, Near, Fantom, Optimism, Polygon, Polygon Mumbai Testnet...

Brazil's Central Bank Pix Joins Ramp Network's Payment Solutions


Crypto startup Ramp Network has integrated Pix, a payment method offered by the Central Bank of Brazil. The integration of Pix is expected to significantly ease onboarding to crypto for both individuals and businesses in Brazil, given the widespread use of the payment method in the country. The...

21co Unwraps New Suite of Wrapped Cryptocurrencies 


21.co, the parent company of crypto exchange-traded products provider 21shares, has introduced a suite of wrapped tokens pegged to top crypto assets across multiple blockchains. The wrapped tokens are designed to increase liquidity and interoperability between different crypto networks. 21co...

Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak


Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning...

Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future


In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while...

TRON DAO Ventures’ investment fuels Curve’s launch on networks


TRON and Curve have bagged a crucial partnership in the DeFi sphere. There are basically two parts to this collaboration. The first part is where TRON DAO Ventures has invested $2 million in CRV by buying tokens of the same value. The second part is where Curve has agreed to launch on two networks...

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