While some view bringing stablecoins and other assets onto Bitcoin as an impediment to its progress, others see them as key stepping stones on the way to hyperbitcoinization.

With the total market cap of stablecoins exceeding $150B and with many users in emerging markets considering them a crucial lifeline, it’s hard to argue that they’re going away any time soon.

Proponents argue that supporting additional assets will bring more users onto the Bitcoin network who have historically needed to rely on other blockchains. 

Since early 2023, we have seen the rise of metaprotocols such as Ordinals and, more recently, Runes which have provided a way to create new assets on…

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Exodus Movement, the software developer behind the popular non-custodial digital asset wallet Exodus, prepares for its public listing on the New York Stock Exchange (NYSE).

The move marks a significant milestone not only for Exodus but also for the broader digital asset industry as it plans to utilize blockchain technology to tokenize stocks.

The approval for Exodus to list its common stock on the NYSE comes after rigorous scrutiny by regulatory bodies, including the U.S. Securities and Exchange Commission (SEC).

CEO and Co-founder of Exodus, JP Richardson, expressed his excitement about the listing, stating:

“We believe the uplisting will broaden the awareness of…

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Bitcoin exchange inflows are reaching lows not seen in nearly a decade, according to the latest data from on-chain analytics platform CryptoQuant. Figures indicate a significant decline in daily BTC inflows since bitcoin’s all-time high of $73,800.

Notably, in April and May 2024, CryptoQuant observed some of the lowest daily inflows to major digital asset exchange accounts in the past 10 years.

On April 20, when BTC was hovering around the $64,500 mark, only 8,400 BTC flowed into exchanges. This flow is reminiscent of a time when bitcoin traded at less than $1,000 per coin in 2014.

Inflow of bitcoin to exchanges — CryptoQuant

Bitcoin Exchange Inflows: The… Read more on bitcoinnews

Genesis Digital Assets (GDA), a major player in Bitcoin mining, has teamed up with YPF Luz to launch a new mining facility in Argentina, leveraging stranded gas at the Bajo del Toro Thermal Power Plant. This innovative approach not only prevents harmful gas flaring but also provides a lucrative use for these otherwise wasted resources. With 1,200 machines and 7 MW capacity, GDA’s first Latin American operation in Rincón de Los Sauces marks a strategic move in a region historically underserved in the Bitcoin mining sector.

Executive President Abdumalik Mirakhmedov highlights the favorable political climate and pro-innovation stance in Argentina as key drivers for this expansion. Amidst high inflation, a significant portion of Argentines turn to cryptocurrencies, positioning Bitcoin as a viable economic stabilizer. This initiative aligns with growing recognition across Central and South America of crypto’s potential to address economic challenges.

As Argentina welcomes more Bitcoin mining operations, it sets a precedent for the industry’s growth in Latin America. The combination of sustainable energy sources, attractive electricity prices, and supportive regulatory environment makes Argentina a hotspot for future expansions, further cementing its pivotal role in the global Bitcoin mining landscape.

Forbes

Ethereum developers, including influential figures like Vitalik Buterin, have put forward a draft proposal, EIP-7702, to innovate how users interact with their wallets by enhancing Externally Owned Accounts (EOAs). This new transaction type promises to temporarily convert EOAs into smart contract wallets, enabling advanced functionalities like transaction batching and sponsored transactions. This development not only simplifies operations but also fortifies security, addressing the current limitations in privilege management and forward-compatibility with emerging technologies.

The proposal offers an alternative to the existing EIP-3074 but without the reliance on soon-to-be obsolete opcodes, paving the way for a unified smart contract wallet environment. This approach aims to prevent a bifurcation of efforts in Ethereum’s ecosystem, anticipating the future shift towards complete smart contract wallets, particularly in response to potential threats from quantum computing.

As Ethereum gears up for its next major upgrade, Pectra, the integration of EIP-7702 could redefine user interactions with blockchain technology. The proposal remains in draft status, reflecting ongoing deliberations within the community. However, its adoption could significantly enhance user autonomy and security, marking a critical step towards decentralized and user-centric financial services.

Data

$1M – $10M MarketCap:

1. FreeBnk (FRBK): 933%
2. RIBBIT (RBT): 80%
3. ZELIX (ZELIX): 31%
4. Playbux (PBUX): 19%
5. Cirus (CIRUS): 7.5%

$10M – $100M MarketCap:

1. POGAI (POGAI): 42%
2. Wrapped NCG (WNCG): 34%
3. catwifhat ($CWIF): 28%
4. TARS Protocol (TAI): 12%
5. XCAD Network (XCAD): 10%

$100M – $1B MarketCap:

1. Tellor Tributes (TRB): 14%
2. Metaplex (MPLX): 13%
3. Frontier (FRONT): 11%
4. Energy Web Token (EWT): 9.4%
5. SwissBorg (BORG): 7.6%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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