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Ethereum layer-2 scaling solution Optimism is set to update its governance system for the second time this year — this time, with the intent of becoming more decentralized.
the changes taking effect Aug. ....
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- Category: CryptoCurrency
Read more: Optimism targets decentralization with 'season 8' governance revamp
Write comment (95 Comments)BitMEX founder Arthur Hayes warns that an incoming wave of new stablecoin companies will try to follow Circle’s successful public offering, but are more likely doomed to fail.
marks the beginning of “stablecoin mania,” most new public stablecoin companies will be overvalued and fail.
However, Hayes stopped short of urging traders to short the stocks, as pro-crypto sentiment in the United States and “stablecoin mania” narrative will drive prices up initially.
“These new stocks will rip the faces off of shorts,” he cautioned.
on key stablecoin legislation on June 17, which would further fuel the narrative if it passes. ....
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Read more: Arthur Hayes states to trade new stablecoin IPOs like a 'hot potato'BitMEX creator
Write comment (98 Comments)Shares in tech investment firm MemeStrategy soared 28.5% after becoming the first publicly listed company in Hong Kong to invest in Solana, snapping up 2,440 coins and committing to support the broader Solana ecosystem. ....
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Read more: 9GAG founder's MemeStrategy gains 29% after first Solana buy
Write comment (99 Comments)The median cost of mining a single Bitcoin is estimated to have climbed above $70,000 in the second quarter as miners navigate a rise in network hashrate and energy prices. ....
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Read more: Bitcoin production costs up 9% on higher hashrate, energy prices
Write comment (100 Comments)Venture capital firm Paradigm has filed an amicus brief in support of Tornado Cash co-founder Roman Storm, arguing the jury needs to be properly briefed on the law’s definition of what operating a money-transmitting business involves.
, the prosecution must prove he was knowingly operating a money-transmitting business. ....
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Read more: Paradigm prompts jury clearness in Roman Storm's Tornado Cash case
Write comment (92 Comments)Bitcoin and cryptocurrency markets are dipping again as tensions in the Middle East further escalate, with US President Donald Trump leaving a summit of world leaders and posting an ominous message about Tehran. ....
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Read more: Bitcoin dips amid reports Trump has called advisers to situation room
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