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💰 Solana 'leads the battle' for blockchain payments, Bernstein says Looking back at recent stablecoin metrics, Solana is "leading the battle" for blockchain payments amid growth in market liquidity and improved investor sentiment, according to research and brokerage firm Bernstein. “The big change this cycle has been the dominant market share of Solana (43% highest share) in value of stablecoins transferred vs. prior cycle market leader Ethereum,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Tuesday.

💰 Solana 'leads the battle' for blockchain payments, Bernstein says

Looking back at recent stablecoin metrics, Solana is "leading the battle" for blockchain payments amid growth in market liquidity and improved investor sentiment, according to research and brokerage firm Bernstein. “The big change this cycle has been the dominant market share of Solana (43% highest share) in value of stablecoins transferred vs. prior cycle market leader Ethereum,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Tuesday.

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The SEC has considered Ethereum a security for a year now! 🚨 Recent court documents reveal that the SEC, led by Chairman Gary Gensler, has considered Ethereum to be an unregistered security since at least last year. ⚡️This insight emerged from an unredacted lawsuit filed by Consensys against the SEC, which is now challenging the agency's attempt to classify Ethereum under federal securities law. 👀 In March 2023, the SEC's Enforcement Division began a formal investigation into Ethereum's status, leading to subpoenas for entities involved with Ethereum transactions. ➡️ This move marks a potential shift from previous SEC stances, contradicting a 2018 assertion that Ethereum was not a security. 👆 Stay tuned as this legal battle could significantly impact the cryptocurrency industry and Ethereum's regulatory status.
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U.S. Department of Justice: Tornado Cash co-founders were aware of money laundering and profited from the mixer 🇺🇸 The U.S. Department of Justice (DOJ) has detailed accusations against Tornado Cash's co-founders, suggesting they were complicit in money 🧺 laundering and profited from the cryptocurrency mixer. 🔨 The DOJ refutes the defense’s argument that co-founder Roman Storm was merely coding without charging for the mixer’s services. ✔️ According to prosecutors, both Storm and his colleague Roman Semenov were aware of and facilitated the laundering operations, continuing to promote Tornado Cash despite this. 🤔 The DOJ also highlighted that the majority of users accessed the service through its official website, which was under the developers' control. They argue that 🌪 Tornado Cash was operated as a commercial venture that financially benefited its creators, challenging the notion that it was a non-profit endeavor merely providing a 🕶 privacy tool.
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zkSNACKs restricts U.S.users access to Wasabi Wallet 🥐 zkSNACKs, the company behind the open-source Bitcoin wallet Wasabi, has indefinitely blocked 🇺🇸 U.S. users from accessing its services, including the wallet, APIs, and RPC interfaces. The block is enforced through an IP address 🔥 firewall, preventing users in the U.S. and its territories from visiting its websites or downloading its products. 👀 The company cited "recent announcements by U.S. authorities" as the reason for this action. This decision follows the 👮 arrest of the founders of Samourai Wallet, another privacy-focused Bitcoin wallet, which officials claim facilitates money 🧺 laundering. 🤔 The specifics of the policy change were not detailed in zkSNACKs' announcement.
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A solo miner successfully mined a Bitcoin block and earned $218,500. 🙀 On April 29, a solo miner successfully mined Bitcoin block #841,286 using a hardware with a hashrate of 120 PH/s, as reported by CKPool pool administrator Kon Kolivas. This event occurred after the recent halving, which reduced the Bitcoin mining reward from 6.25 BTC to 3.125 BTC. From this block, the miner 💰 earned 3.433 BTC, approximately $218,544, including transaction fees. 👀 Kolivas suggested that the miner had switched from pool mining to solo mining because pool mining was not covering his ⚡️electricity costs, and he suggested that the miner consider renting out his hashing power. 🔨 Solo mining a block is a relatively rare event in the 14-year history of Bitcoin’s blockchain, having occurred only 282 times. The average network hash rate currently stands at 591 EH/s, having 📈peaked at 728 EH/s on April 23. The hash rate has ⬆️ surged by over 90% in the past year, making solo mining increasingly challenging.
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