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Zain Khokhar
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How Ethereum’s Dencun upgrade helps with scalabilityTom Schmidt, general partner at the crypto venture capital and research firm Dragonfly, explains how Ethereum’s Dencun upgrade helps with scalability. He also weighs in on what’s moving crypto markets as bitcoin has been surging to new all-time highs.

How Ethereum’s Dencun upgrade helps with scalabilityTom

Schmidt, general partner at the crypto venture capital and research

firm Dragonfly, explains how Ethereum’s Dencun upgrade helps with

scalability. He also weighs in on what’s moving crypto markets as

bitcoin has been surging to new all-time highs.

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Uzbekistan’s National Agency for Prospective Projects (NAPP) has issued a new directive that increases the monthly fees for crypto market participants in the country. The mandate was given on Tuesday, March 19, 2024.As per the official statement, the revised fee framework is an amendment to a directive initiated by the Ministry of Justice in September 2022. This change follows the NAPP’s assessment of the “adequate profitability” within the cryptocurrency retail and exchange sectors, prompting the introduction of a new fee structure impacting both entities Under the updated fee system, crypto exchanges face a monthly fee of 740 Basis Reference Value (BRV), equivalent to 251.6 million in Uzbekistan som(UZS) —the nation’s fiat currency— ($20,015), marking a substantial increase from the previous fee of 400 BRV or UZS 136 million ($10,819).The BRV is primarily used for calculating various financial transactions, including taxes, fees, and fines.
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BTC sell-off accompanied by $650 million in crypto liquidations A sharp movement in the crypto futures market appears to have been a reason for the swiftness of today’s price declines. The timing of the long liquidations coincided with the sharp drop in crypto prices Total crypto liquidations came in at $651 million in the last 24 hours, with $515 million being long liquidations. Long leverage Bitcoin liquidations quickly spiked $8 million in a span of one hour on March 19 and now stand at $141 million for the last 24 hours, with the tally still going on. Like Comment PLz
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