Ethereum scaling project MegaETH has launched its public testnet, achieving 20,000 transactions per second with 10ms block times. Unlike the traditional rollup-centric approach, MegaETH proposes a high-throughput alternative backed by figures like Vitalik Buterin. The project leverages EigenDA and parallelized processing, aiming to scale to 100,000 TPS. Several apps, including GTE and Infinex, are already live on the testnet.
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PancakeSwap ($CAKE) has rallied 81% in the past 10 days, now trading near $2.68, with whale accumulation of 25M CAKE and Futures open interest soaring by 326% to $98M. The surge in both spot and derivatives markets signals strong bullish sentiment, though a key resistance lies at $2.85. A breakout could push the price to $3.00, while failure may lead to a pullback to $2.30.
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Bitcoin held steady around $84,150 despite sharp swings, as ETF inflows returned with $734M entering BTC funds amid rate cut hopes. Meanwhile, the SEC clarified that proof-of-work mining doesn't fall under securities laws, signaling a friendlier regulatory stance. Market volatility spiked to a six-month high, while BlackRock pushed back on the narrative of BTC as a "risk-on" asset.
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The number of crypto investors in South Korea jumped over 50% in 2024, reaching 9.66 millionβnearly one-fifth of the countryβs total population. Remarkably, one in four investors is over 50, and half of those holding over 1 billion KRW (~$750,000) in crypto are also aged 50 or above, highlighting growing interest among older and wealthier demographics.
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Katie Haunβs VC firm is raising $1 billion across two new crypto funds, split between early- and late-stage investments. The move follows renewed industry optimism under President Trump and comes as Haun nears full deployment of her initial $1.5B fund. The new raise is expected to be oversubscribed.
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President Trump directly promoted the Official Trump memecoin on Truth Social, calling it βthe Greatest of them all,β triggering a $400M surge in market cap and a sharp spike in trading volume. Although the price later retraced, $TRUMP held a $100M gain by press
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Longtime Bitcoin critic Peter Schiff has surprised the crypto community by requesting BTC for his 62nd birthday and moving his strategic reserve to a hardware walletβmarking a notable shift from his anti-Bitcoin stance.
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Over $14.9M worth of tokens from SOSO, ALT, and TICO will unlock between March 24β27, potentially impacting liquidity and triggering short-term market volatility. The largest unlock is ALT on March 26 ($9.36M), drawing heightened community attention. While volatility is expected, historical patterns suggest markets typically stabilize post-unlock.
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Jupiter has launched a $9.32M buyback of 16.86M JUP tokens using 50% of protocol fees, with tokens locked for three years. The move, echoing Januaryβs 60% price surge, is aimed at boosting scarcity and valueβearning strong support from the community.
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Michael Saylor is expected to reveal a $21 billion purchase of over 500,000 BTC tomorrow, signaling MicroStrategy's largest Bitcoin acquisition to date. The move aligns with Saylorβs historical pattern of buying dips to expand the firm's crypto reserves.
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Coinbase has successfully blocked a supply chain attack aimed at its open-source AI toolkit, agentkit. The attacker exploited GitHub permissions to inject malicious code into the CI/CD pipeline, but Coinbaseβs swift response and collaboration with security experts prevented a major breach. The incident underscores growing cybersecurity risks in the crypto space.
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Binance Employee Accused of Profiting $113K from UUU Token Trade
Freddie Ng, allegedly a Binance Wallet BD employee, is suspected of earning $113,600 from UUU token trades, raising insider trading concerns. With no official comment from Binance, the crypto community questions transparency and ethics amid calls for tighter oversight.
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Freddie Ng, allegedly a Binance Wallet BD employee, is suspected of earning $113,600 from UUU token trades, raising insider trading concerns. With no official comment from Binance, the crypto community questions transparency and ethics amid calls for tighter oversight.
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Coinbase's Chief Legal Officer Paul Grewal warned that the U.S. Treasury could reimpose sanctions on Tornado Cash, despite its recent removal from the OFAC blacklist. He criticized the Treasuryβs attempt to drop the case without a final ruling, calling it a potential loophole. Coinbase, which funded the legal challenge, insists on a court decision to prevent future re-sanctioning.
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dYdX will use 25% of net protocol fees to buy and stake $DYDX, aiming to reinforce token value and support ecosystem growth. Governance may increase this allocation up to 100%, tightening supply and aligning tokenomics with platform expansion.
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Hashkey Capitalβs CEO believes China is re-evaluating its crypto stance, using Hong Kong as a testing ground for Web3 and digital asset rules. Talks with regulators suggest a shift from hostility to cautious openness, influenced by global trends and U.S. political changes.
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Bonk is up 70% since sweeping January 2024 lows. According to trader Mayne, reclaiming current resistance is crucial to confirm a bottom β otherwise, the next support lies much lower.
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BitMEX co-founder Arthur Hayes predicts Bitcoin will reach $110K before retesting $76.5K, citing the Fed's shift to quantitative easing. He sees $110K as more likely than a drop to $70K.
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The Dogecoin Foundation and House of Doge have created an official DOGE reserve, starting with a 10M DOGE ($1.8M) purchase. The move aims to promote Dogecoin as a fast, reliable payment method, with strategic partnerships set to follow.
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Anatoly Yakovenko argues that fast, scalable Layer-1 chains like Solana make L2s unnecessary. He points to innovations like Chilly and Avocado as proof Solana can scale without rollups, reigniting debate over blockchain architecture.
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