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Updated April 22, 2024

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According to Odaily, Consensys has released an official statement in response to enforcement actions by the Securities and Exchange Commission (SEC). The blockchain software technology company anticipates that the SEC will continue its threats against them, insisting that their MetaMask software interface must be registered as a securities broker.

The SEC has been pursuing an anti-cryptocurrency agenda through temporary enforcement actions. This is the latest example of its over-regulation behavior, a transparent attempt to redefine established legal standards through litigation and expand the SEC's jurisdiction. Consensys firmly believes that the SEC has not been granted the power to regulate software like MetaMask.

The company will continue to actively advance their case in Texas, as it not only concerns their company but also the future of Web3. This statement comes amid increasing scrutiny of cryptocurrency and blockchain technology by regulatory bodies.

According to Odaily, the United States Securities and Exchange Commission (SEC) has classified the staking projects of Lido and Rocket Pool as securities. This decision by the SEC is based on market information and is significant for the future operations of these projects.

Lido and Rocket Pool are both prominent projects in the cryptocurrency industry, offering staking services to their users. The classification of these projects as securities by the SEC implies that they will now be subject to the regulations and requirements that govern securities in the United States.

This development could potentially impact the way these projects operate, as they will now have to comply with the stringent rules and regulations set by the SEC for securities. This could also influence the decisions of potential investors, as the classification as securities might change the risk profile of these projects.

The SEC's decision is a clear indication of the increasing scrutiny of the cryptocurrency industry by regulatory bodies. It highlights the need for crypto projects to ensure compliance with existing regulations to avoid potential legal issues. The impact of this decision on Lido and Rocket Pool, as well as the broader crypto industry, will be closely watched in the coming months.

According to Odaily, the value of LDO has fallen below 2.1 USDT, currently standing at 2.099 USDT, marking a 24-hour decrease of 11.07%. This drop comes in the wake of the U.S. Securities and Exchange Commission's (SEC) classification of Lido and Rocket Pool staking projects as securities. The SEC's decision has had a significant impact on the market value of these projects, leading to a decrease in the value of LDO. The market is closely monitoring the situation, as the classification of these projects as securities could have far-reaching implications for the broader cryptocurrency market.

According to Odaily, Bitdeer Technologies Group, a Bitcoin mining company, has announced a 30-year industrial base lease agreement with the Port Authority of Monroe County, Ohio. The lease of an industrial park is part of the company's strategy to expand its mining operations. The company anticipates gaining a power capacity of 570 megawatts as a result of this expansion.

The long-term lease agreement signifies Bitdeer's commitment to enhancing its mining operations and capacity. The additional power capacity of 570 megawatts will significantly boost the company's mining capabilities. This move is expected to strengthen Bitdeer's position in the Bitcoin mining industry.

The expansion into Monroe County, Ohio, is a strategic move for Bitdeer, as it seeks to leverage the resources and opportunities available in the region. The 30-year lease agreement underscores the company's long-term vision and investment in its mining operations. The company's decision to expand its operations through the lease of an industrial park demonstrates its confidence in the future of Bitcoin mining.

According to Odaily, the US Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys, the company behind the development of the MetaMask wallet. The details surrounding the lawsuit are yet to be disclosed. Consensys is well-known in the digital currency industry for its development of the MetaMask wallet, a popular tool among cryptocurrency enthusiasts. The lawsuit by the SEC marks a significant development in the ongoing scrutiny of digital currency companies by regulatory bodies. Further information regarding the lawsuit and its potential implications for Consensys and the MetaMask wallet will be provided as it becomes available.

On Jun 28, 2024, 16:42 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,400 USDT and is now trading at 3,392.649902 USDT, with a narrowed 1.72% decrease in 24 hours.

According to BlockBeats, Federal Reserve Board Member Bowman expressed on June 29 that there seems to be a lack of interest from Congress regarding central bank digital currencies. This statement suggests that the development and implementation of such currencies may face challenges due to the apparent disinterest from legislative bodies. Further details on this matter were not provided in the original report.

According to Odaily, the cryptocurrency Ethereum (ETH) has experienced a short-term drop, falling below the 3400 USDT mark. The current trading price is reported to be 3406.41 USDT. This represents a 24-hour decrease of 1.1%.

This recent fluctuation in Ethereum's value is part of the volatile nature of the cryptocurrency market. Investors and traders are advised to keep a close eye on the market trends and make informed decisions based on the latest data.

It's important to note that the cryptocurrency market is highly unpredictable and subject to rapid changes. Therefore, investors should always be prepared for potential risks and fluctuations in the market.

According to Foresight News, the Arbitrum Foundation has proposed a new transaction ordering strategy, Timeboost, for use on Arbitrum One and Nova. Timeboost allows for the auctioning of fast lane usage rights, providing winners with the advantage of included transactions. This gives them the opportunity to capture arbitrage opportunities.

According to PANews, 21Shares has submitted an S-1 document for a Solana Exchange Traded Fund (ETF). The news was initially reported by Tree New. The submission of the S-1 document is a significant step in the process of launching an ETF. The Solana ETF, if approved, would be a major development in the cryptocurrency market. The S-1 document is a registration filed with the U.S. Securities and Exchange Commission (SEC) that includes the details of the proposed ETF.

The submission of the S-1 document by 21Shares indicates their intention to launch a Solana ETF. This move is seen as a significant development in the cryptocurrency market. The Solana ETF, if approved, would provide investors with exposure to the Solana cryptocurrency without the need to directly own the underlying asset.

This news comes at a time when the cryptocurrency market is experiencing significant volatility. The potential introduction of a Solana ETF could provide a new investment opportunity for those interested in the cryptocurrency market. However, it is important to note that the approval of the Solana ETF is not guaranteed and is subject to the review and approval of the SEC.

According to PANews, Scott Melker, a cryptocurrency trader and investor known as 'The Wolf of All Streets', expressed his views on a platform. He stated that the cryptocurrency industry is only experiencing tailwinds, i.e., favorable factors. Despite the prices not yet reflecting this, maintaining a long-term pessimistic attitude could potentially be a poor decision.

Matt Hougan, Chief Investment Officer at Bitwise, commented on Melker's statement, agreeing but with a slightly different perspective. He pointed out that the crypto market is facing several short-term, negative, and non-cyclical headwinds such as Mt. Gox and the U.S. government's sell-off. However, there are also several long-term, significant tailwinds: inflow of ETF funds, victories in court, improvements in infrastructure, and the Lindy effect. The Lindy effect refers to the concept that the longer a technology or idea has been around, the greater the likelihood of its continued existence.

Hougan noted that these short-term, non-cyclical headwinds are suppressing prices, which is a positive for long-term investors.

According to Foresight News, data from Solscan reveals that the average transactions per second (TPS) for Solana in the first half of 2024 was approximately 2200. The success rate of these transactions exceeded 80%. This indicates a robust performance of the Solana network, with a high volume of transactions being processed successfully.

According to PANews, an MEV bot using the ENS domain name 'jaredfromsubway.eth' spent 49 ETH in a single transaction, valued at approximately $171,000. This transaction took place on June 28.

Previously, on June 6, it was reported that this bot was involved in high-frequency trading, particularly targeting on-chain meme coin traders. From February 2023 to June 2024, the bot spent a total of 76,916 ETH. Calculated at the value at the time of these transactions, this amounts to approximately $175 million.

According to BlockBeats, Matt Sigel, the head of digital asset research at VanEck, has suggested that the regulatory environment is undergoing changes and that the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, may be dismissed. When asked if Gensler had made any correct moves in terms of cryptocurrency regulation, Sigel firmly responded with a 'no'.

One of the reasons commentators are skeptical about the potential quick approval of a Solana ETF is because this cryptocurrency has not yet been included in futures ETFs. For instance, Bartosz Lipinski, CEO of Cube.Exchange, expressed that it would be surprising if the SEC allowed such a fund to be listed without requiring futures, as this seems to be a necessary step for Bitcoin and Ethereum spot ETFs.

However, Sigel does not believe this to be a prerequisite. He stated that the requirement for futures markets is a psychological tactic of Gensler's. This statement suggests a potential shift in the regulatory landscape and raises questions about the future of cryptocurrency regulation under the SEC.

According to Odaily, Matt Sigel, the head of digital asset research at VanEck, has stated that the changing regulatory landscape in the United States has increased the chances of approval for the SOL ETF more than ever before. VanEck aims to be among the first batch of candidates reviewed by the U.S. Securities and Exchange Commission (SEC), as historically, most products have been approved on a first-come, first-served basis.

According to Odaily, the Web3 social application Phaver has announced plans to launch its SOCIAL token TGE on the X platform in July. The token is reported to use the LayerZero OFT standard, enabling multi-chain operations and supporting seamless low-cost transfers between chains such as ETH and Base. Phaver has also issued a warning that the SOCIAL token is not yet available for purchase or trading anywhere, urging caution against potential fraud.

According to Odaily, Peter Thiel, co-founder of Founders Fund, has confirmed that he still holds Bitcoin. However, he expressed regret for not purchasing more earlier and showed uncertainty about the potential for a significant price increase in the future.

Thiel's comments reflect a cautious optimism about the future of Bitcoin. While he maintains his holdings, his uncertainty about the future price increase suggests a level of skepticism about the cryptocurrency's potential for growth. Despite this, Thiel has not divested his Bitcoin holdings, indicating a continued belief in the digital currency's value.

This news comes amid a time of fluctuating cryptocurrency markets, with Bitcoin's value experiencing significant ups and downs. Thiel's stance provides an interesting perspective on the future of Bitcoin, as he remains invested in the cryptocurrency despite his expressed uncertainties.

According to Odaily, Arweave AO has announced that it now holds over $400 million worth of stETH. Arweave AO is a new protocol built on the Arweave permanent data storage layer. It enables parallel application running through a decentralized computing model.

In addition to this, the protocol allows artificial intelligence applications to operate on-chain, enabling large language models to function within smart contracts. This development marks a significant milestone for Arweave AO, as it continues to expand its capabilities and services in the blockchain sector.

According to Odaily, Taiko has released its on-chain metrics approximately a month after the launch of its mainnet. The total value locked (TVL) has reached $138,730,000. The daily average transactions per second (TPS) stand at 19.53. The total number of transactions has reached 21,575,719, while the total number of blocks is 108,443. The total number of unique wallets is 699,616.

These figures indicate the performance and adoption of Taiko's mainnet since its launch. The high total value locked (TVL) suggests that a significant amount of assets are being held in the network, indicating trust and usage by the community. The daily average TPS of 19.53 shows the network's capacity to handle a substantial number of transactions efficiently.

The total number of transactions, reaching over 21 million, demonstrates the network's activity level and user engagement. The total number of blocks, standing at 108,443, indicates the amount of data processed and validated on the network. Lastly, the total number of unique wallets, nearing 700,000, signifies the size of the user base and the network's reach.

These metrics provide a comprehensive overview of Taiko's mainnet performance and user adoption since its launch. They serve as key indicators of the network's health, efficiency, and popularity among users.