🚀 This week's Crypto highlights:
🔹 EU's MiCA regulations raise concerns for stablecoins
- Tether CEO, Paolo Ardoino, warns of systemic banking risks as MiCA requires stablecoins to hold 60% of their reserves in European banks. 💰
🔹 Vitalik Buterin and the “The Purge” plan for Ethereum
- Vitalik aims to reduce data and simplify the Ethereum protocol to enhance network efficiency. 📈
🔹 Radiant Capital hacked for $58 million
- After the hack, Radiant improved security with a timelock contract and emergency admin roles. 🔒
🔹 DeFi booming in Eastern Europe
- DeFi activities account for 33% of crypto transactions, with a value of $165 billion, according to Chainalysis. 🌍
🔹 Solana surpasses Ethereum in daily transaction fees
- Solana earned $2.54 million in fees in 24 hours, exceeding Ethereum. 📊
🔹 DeFi market last week
- Many major tokens declined, with Celestia (TIA) and Immutable (IMX) dropping over 19%. 📉
What do you think about this news? Share your thoughts! 💬