DeFining news: May 12th, 2023
Tether (USDT) reported a record surplus of $2.4B in its stablecoin reserves, taking even more share mostly from USDC.
Crypto got an unexpected legal friend, as the U.S. Department of Commerce sided with Coinbase against the US Securities and Exchange Commission (SEC). And Texas even wants to include the use of digital currencies into the state’s Bill of Rights.
As Bitcoin gas fees spike, BSV and other Bitcoin forks gain in price with speculation that the OG Bitcoin network may not affordably handle the increased volume brought about by Ordinals.
Anyone worried about a massive ETH selloff after the Shapella upgrade unlocked unstaking can breathe out now as there are more ETH staking deposits than withdrawals now.
In a reminder that blockchain technology is as vulnerable to technical issues as any technology, Ethereum’s Beacon chain stopped finalizing transactions for half an hour but then recovered.
In another sign of mass adoption, one of the Big Four accounting firms, Deloitte, is going to use the Kilt protocol (based on Polkadot) for its KYC verification processes.
Sushiswap, which famously came to existence by copying and then vampire attacking Uniswap, is launching concentrated liquidity on 13 blockchains in a fork of Uniswap’s v3 now that Uniswap’s license for exclusive use has expired.
China is taking blockchain tech seriously, opening a center to train half a million distributed ledger technology (DLT) specialists.
MetaMask will now allow users to buy ETH via PayPal.
Stay tuned!
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MetaMask will now allow users to buy ETH via PayPal.
