🪙 Crypto and Blockchain News (Mar 18, 2024):

1️⃣ Arbitrum: Offchain Labs team has implemented an update to ArbOS, also known as Atlas. The upgrade will add support for #BLOB transactions, aimed at reducing the cost of transferring data from L2 to the Ethereum mainnet. 🔄

2️⃣ CNBC: According to energy expert Timothy Fox, in 2023, data centers necessary to support the crypto industry consumed between 25 to 95 TWh. Miners account for 5% of global methane emissions. ⚡

3️⃣ Bloomberg: Developers of the #L1 blockchain Berachain, focusing on DeFi, raised $69 million in funding at a valuation of $1.5 billion. The round was led by Brevan Howard Digital and Framework Ventures. 💼

4️⃣ Bloomberg: In early 2024, the bitcoin exchange #Binance discreetly spun off its venture arm with assets worth $10 billion into a separate business. 🤫

5️⃣ Marathon Digital Holdings: Mining company Marathon Digital Holdings has finalized an agreement to purchase a 200 MW data center in Garden City, Texas, from Applied Digital Corporation for $87.3 million. Marathon will fully pay for it in cash from its balance sheet. 💰

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