On July 6, NEAR Protocol’s on-chain governance body, House of Stake, approved proposal HSP-027, which eliminates the gas fee rebates for developers that have been in place since the protocol’s launch. This change will result in all network gas fees being burned rather than partially returned to smart contract owners, potentially activating a deflationary mechanism […]
In the seven days following the launch of its public mainnet, the Robinhood Chain L2 solution processed a total of $3.1 billion in DEX volume, placing it among the top five networks in the segment. Network turnover in the DEX segment. Source: DefiLlama. As of July 13, the protocol ranks third in daily turnover on […]
Data center developers in Texas have used simplified permits to begin constructing their own power plants without public discussion, according to a WIRED report citing an investigation by Floodlight. Large pollution sources require individual permits with environmental reviews and public notifications. The simplified procedure allows for quicker approval of individual turbines and generators without public […]
Leadership in the RWA sector could contribute up to £33 billion ($44 billion) annually to the UK economy by 2035. This is according to an industry development plan prepared by the UK’s Digital Markets Champion, Chris Woolard. The roadmap is designed for one year, with the primary goal of transitioning from isolated experiments to full-scale […]
As of July 13, no major mining pool has signaled support for the soft fork under BIP-110. Current support remains around 1%, according to monitoring data. The proposal suggests temporarily limiting non-payment-related data in Bitcoin transactions. It restricts OP_RETURN, blocks most data fragments larger than 256 bytes, and bans certain script formats used for data […]
Ethereum consumes about 7.87 GWh of electricity per year, 99.96% less than just before The Merge. That is the conclusion of the Cambridge Centre for Alternative Finance (CCAF) in an updated study of the network’s environmental footprint. Ethereum energy use and carbon footprint after the switch to Proof-of-Stake. Source: CCAF. On September 15, 2022, Ethereum […]
Japanese financial conglomerate SBI Group will launch a lending service for its stablecoin JPYSC, offering users an annual yield of 3%. The service will be available this month through the SBI VC Trade crypto platform. The company will offer a product with a fixed term of three months. Returns are made in JPYSC: users receive […]
Kazakhstan’s president signed a decree to develop the crypto industry, the EU moved to extend MiCA to DeFi, the U.S. bitcoin reserve stalled in bureaucracy, and more from the week. Bitcoin showed resilience Early in the week, the price of the first cryptocurrency broke below $62,000 amid a new exchange of strikes between Iran and […]
Following the latest adjustment, the mining difficulty of the leading cryptocurrency decreased by 5% to 127.17 T. Source: CloverPool. In mid-June, the metric fell by 10.09% but later recovered by 7.15%. At the beginning of the year, Bitcoin’s difficulty was 148.26 T, approximately 17% higher than the current level. The gap from the all-time high […]
The DeFi protocol Bonzo Lend, part of the Hedera ecosystem, was attacked, resulting in the theft of approximately $9 million in assets. The incident was caused by the compromise of a third-party price oracle. Update: The Bonzo Lend protocol remains paused. Detailed analysis of the incident has been published in the article below. The team […]