He also stated that Cardano was finally proving its potential and entering a new phase, the DeFi phase, where all coins launching on the platform could experience rapid growth.
In the acquisition that took place on May 17th, Ripple, headquartered in San Francisco, acquired Metaco for $250 million. Metaco is known for its expertise in asset custody, trading, and decentralized finance (DeFi).
The on-chain analysis platform, Glassnode, recently shared on Twitter that the mean block size of Ethereum (ETH) has reached a new 1-month high, measuring 121,439.928.
The largest cryptocurrency by market capitalization has lost some of its 2023 gains in recent weeks as investors wrestle with a mix of macroeconomic uncertainties, most prominently of late the U.S.’s ongoing debt limit stalemate that will determine whether the U.S. government can pay its bills.
They recently kept bitcoin lingering under $26,500, up about 0.3% but below its most recent nearly two-week-long range between this threshold and $27,500.