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A new Ethereum proposal could significantly enhance the network’s performance, potentially scaling the mainnet to 2,000 transactions per second (TPS), according to a leading blockchain researcher. Ethereum has long been praised for its decentralized features and its broad adoption in the decentralized finance (DeFi) space. However, scalability has remained a challenge, with the network’s current throughput maxing out at around …

Term Finance, a decentralized lending platform, has managed to recover $1 million after suffering a $1.6 million loss triggered by a critical oracle error, according to an official announcement released today. The incident occurred when a malfunction in the oracle service feeding asset prices into the protocol caused incorrect valuations, leading to a series of forced liquidations. These liquidations affected …

Nike is facing a $5 million lawsuit after the abrupt shutdown of its once-promising NFT project, highlighting the growing legal risks associated with the volatile digital collectibles market. According to court documents filed this week, a group of investors has sued Nike, alleging that the company misrepresented the long-term viability and value of NFTs sold under its now-defunct initiative. The …

Crypto exchange Bitget has filed legal action against eight trading accounts allegedly involved in manipulating the price of VOXEL tokens, resulting in over $20 million in damages. In a statement released today, Bitget said it uncovered a coordinated effort by the accounts to artificially inflate the market for VOXEL, the native token of the gaming platform Voxies. The exchange alleges …

A regional governor in Russia has proposed an innovative solution to revive struggling Bitcoin mining operations by harnessing excess natural gas supplies. Amid growing challenges for miners, including rising energy costs and regulatory uncertainties, the initiative seeks to turn untapped gas resources into a sustainable energy source for cryptocurrency mining. The proposal comes from the governor of Russia’s Irkutsk region, …

In a move poised to reshape the global blockchain landscape, the Trump-backed World Legal Finance Initiative (WLFI) has signed a Letter of Intent (LOI) with the Pakistan Crypto Council to jointly promote blockchain adoption across South Asia. The strategic partnership, announced today, signals a major step forward for blockchain development initiatives in emerging markets. WLFI, known for its focus on …

Nasdaq, one of the largest stock exchanges in the world, has called on the U.S. Securities and Exchange Commission (SEC) to establish a comprehensive, four-tier rulebook for the cryptocurrency industry, demanding much-needed regulatory clarity for digital assets. In a recent statement, Nasdaq emphasized that the current regulatory framework for cryptocurrencies is insufficient and has created significant uncertainty for both investors …

Coinbase CLO Urges SEC to Lift Prohibition on Staff Holding CryptocurrencyCoinbase Chief Legal Officer (CLO) Paul Grewal has called on the U.S. Securities and Exchange Commission (SEC) to lift its prohibition on agency employeholding cryptocurrencies, suggesting that the current rule could hinder the SEC’s ability to effectively regulate the growing digital asset space. In a recent statement, Grewal argued that …

The U.S. Securities and Exchange Commission (SEC) has approved the launch of ProShares’ XRP Futures Exchange-Traded Funds (ETFs), clearing the way for the highly anticipated product to begin trading on April 30. This marks a significant milestone for the cryptocurrency industry as the first-ever XRP futures-based ETF to receive regulatory approval in the United States. ProShares, a leading provider of …

The privacy-focused cryptocurrency Monero (XMR) has experienced a significant price surge of 50% following reports that over $330 million worth of Bitcoin (BTC) was laundered through its network. The rise in XMR’s value comes amid increased scrutiny of privacy coins, which are often used for transactions that aim to conceal the identities of senders and recipients. According to blockchain analysts, …