In a recent legal battle, Custodia Bank, a digital asset bank based in Wyoming, has faced a setback in its quest to obtain a Federal Reserve master account. This crucial asset allows banks direct access to the Federal Reserve’s payment systems. Analyzing details of this case could highlight its implications for Custodia Bank.

Custodia Bank’s request for a Federal Reserve master account was denied — SourceCourt Ruling Against Custodia Bank

Custodia Bank‘s attempt to secure a Federal Reserve master account hit a roadblock as the United States District Court ruled against its bid. The decision, handed down by Judge Scott Skavdahl, dismissed Custodia’s plea for a declaratory…

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In a significant legal development, a UK court has taken decisive action against Craig Wright, an Australian computer scientist who has claimed to be the creator of Bitcoin, Satoshi Nakamoto. Judge James Mellor imposed a worldwide freeze on £6 million of Wright’s assets. This asset freeze order aims to prevent him from evading court expenses tied to his assertion of being Nakamoto.

Dispute Background

The legal saga surrounding Craig Wright began when the Crypto Open Patent Alliance (COPA), an organization dedicated to advancing digital asset technologies, challenged Wright’s claims of being Satoshi Nakamoto. COPA filed a lawsuit against Wright in April 2021, contesting his assertions…

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As the bitcoin price moved upward in the past few months, holders with stashes less than “whales”, often referred to as “bitcoin sharks,” displayed a record-breaking accumulation spree, biggest since 2012. Over the past month, these entities, holding between 100 and 1,000 BTC each, collectively purchased more than 268,000 BTC, valued at nearly $18.6 billion at the current market prices.

Analyst James Van Straten sheds light on this development in a recent analysis posted on social media platform X, emphasizing the substantial net buying moves made by the sharks.

Source: X

The surge in shark accumulation is evident from the positive trend in the net position change metric, which…

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Record-breaking activity has been reported on the Base blockchain, a layer two platform developed under Coinbase’s wing, as it approaches the end of March. Data revealed by Dune Analytics shows a staggering 2.27 million transactions on March 29 alone, setting a new daily record. This surge follows a week of unprecedented activity, with around 9.59 million transactions documented on March 18, surpassing the previous weekly high of 9.3 million transactions last September. The same period also witnessed an all-time high in weekly network revenue.

Additionally, decentralized exchanges (DEXs) on Base achieved remarkable trading volumes, hitting a 24-hour record of $657.19 million, as per Defi Llama’s data. The entire month of March saw DEXs on Base trading over $6.67 billion, a significant leap from February’s $1.26 billion. This flurry of activity coincides with Base’s total value locked exceeding $1 billion, following Coinbase’s announcement to allocate more USDC balances to the L2, highlighting a growing confidence and investment in the platform’s potential.

Data

$1M – $10M MarketCap:

1. Berry (BERRY): 30%
2. WOM Protocol (WOM): 30%
3. Rainmaker Games (RAIN): 23%
4. Choise.com (CHO): 20%
5. UpOnly (UPO): 16%

$10M – $100M MarketCap:

1. Kommunitas (KOM): 139%
2. MahaDAO (MAHA): 106%
3. OAX (OAX): 64%
4. Vela Token (VELA): 49%
5. Only1 (LIKE): 40%

$100M – $1B MarketCap:

1. Syncus (SYNC): 140%
2. Degen (Base) (DEGEN): 71%
3. Yield Guild Games (YGG): 24%
4. Goldfinch (GFI): 24%
5. Rats (RATS): 21%

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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Ethereum’s network has witnessed a remarkable spike in transactions, hitting over 36 million for the month of March 2024. This surge sets a new record, marking the highest number of transactions recorded since July 2022. As a key infrastructure for digital innovation, Ethereum has been a focal point for developers, investors, and users, reflecting its growing adoption and utility.

The graph provided by The Block and updated as of March 30, 2024, shows a robust and upward trajectory of monthly transactions. It highlights the network’s recovery and growth, emphasizing the burgeoning interest in decentralized applications and digital assets that rely on Ethereum. After months of fluctuation, this substantial increase demonstrates the network’s strong momentum.

This historic milestone in transaction volume underscores Ethereum’s continued dominance in the blockchain space, signaling the platform’s resilience and its critical role in the ongoing evolution of the crypto ecosystem. Enthusiasts and participants of the network are buoyed by this news as it forecasts a thriving future for the world’s second-largest cryptocurrency by market capitalization.

Data

In the world of Bitcoin, two main investment strategies emerge: HODLing and trading. HODLers, a term born from a misspelling of “hold,” represent investors who buy Bitcoin and retain their assets for the long term, regardless of the market’s volatility. They believe in the enduring value of Bitcoin and choose to hold onto their investment through the market’s ups and downs.

Traders, on the other hand, engage in the frequent buying and selling of Bitcoin, taking advantage of price fluctuations to make profits. They often buy when the price is low and sell when the price has increased, maneuvering through the market’s ebbs and flows to capitalize on short-term trading opportunities.

Both strategies have their own set of followers and have shaped the dynamics of the Bitcoin marketplace. While HODLers contribute to the stability and a reduced velocity of Bitcoin as a currency, traders add liquidity and vibrancy to the market with their active participation.

Disclaimer: Market capitalizations and data 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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BIGCAP COINS:

1. Fetch.ai: Market Cap of $2.5 Billion.
2. Pepe: Market Cap of $3.6 Billion.
3. dogwifhat: Market Cap of $4.3 Billion.

MIDCAP COINS:

1. Super Trump: Market Cap of $11.2 Million.
2. Storj: Market Cap of $331 Million.
3. Realio Network: Market Cap of $15.1 Million.

RISING COINS:

1. Node AI: Market Cap of $103 Million.
2. FLOKI: Market Cap of $2.4 Billion.
3. Mog Coin: Market Cap of $312 Million.

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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ConsenSys has formally urged the SEC to approve an Ethereum ETF, emphasizing Ethereum’s Proof of Stake (PoS) mechanism’s heightened security over Bitcoin’s Proof of Work (PoW). In a public comment, they highlighted Ethereum’s resilience to attacks, noting an attack would be costlier and slower compared to Bitcoin—requiring about $34.39 billion and six months to potentially control Ethereum, versus Bitcoin’s quicker and cheaper vulnerability. This response was to the SEC’s request for insights into Ethereum’s PoS security risks, emphasizing the advanced safeguards against fraud and manipulation inherent in Ethereum’s design.

Furthermore, ConsenSys detailed Ethereum’s PoS benefits, such as faster block finality and stringent penalties for validators breaking rules, arguing these features exceed the security measures of Bitcoin-based ETFs. They called on the SEC to recognize Ethereum’s robust security measures, which surpass those of approved Bitcoin ETFs. Additionally, Coinbase also supported Ethereum ETFs in a separate letter to the SEC, asserting Ethereum is not a security and praising its effective network management and risk mitigation.

Public comment letter

A recent surge in cybercrime has targeted gamers, particularly those using Call of Duty cheat software, with reports of their Bitcoin wallets being drained. This alarming trend has caught the attention of gaming communities and security experts alike.

The Malware Campaign

Reports from vx-underground, a malware information hub, highlight a concerning development in the gaming world. Malicious software is being deployed to steal login credentials from users of pay-to-cheat video game software. This campaign has impacted millions of gamers, with over 4.9 million compromised accounts across major gaming platforms like Activision Blizzard’s Battle.net and cheat software markets.

Vxunderground…

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