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📱 The Bitcoin revenue of the Cash app application exceeds $2 billion in the 1st quarter of 2023.
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Electric Capital released a report on developer activity, showing that Ethereum remains the largest developer ecosystem, with over half of the activity occurring on Layer 2. Asia is the region with the highest number of developers, with India accounting for 17% of new developers. However, Solana emerged as the leader in 2024, in terms of new developers, outpacing Ethereum for the first time since 2016. 7,625 out of 39,148 new developers chose Solana, representing 83% increase year-over-year.
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Hamster Kombat has lost another 18m players in the past month, bringing its player count down to 23m, a 92% drop since July. The game’s token volume has also plunged by nearly 97%, from $1.5bn in November to around $52m today, with the expected updates and features, including "NFT mechanics" and “season 2,” still missing.
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Australia's Federal Court has fined Bit Trade, the operator of Kraken Australia, $5.1m for regulatory breaches, including failing to comply with design and distribution obligations and offering unlicensed credit facilities. The fine follows a lawsuit from the Australian Securities and Investments Commission (ASIC), which found that Kraken's margin extension product harmed over 1,100 Australians, with some losing millions of dollars.
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