LATEST: Charles Hoskinson Announces Upcoming Major Hardfork for Cardano in June

Charles Hoskinson, the visionary behind Cardano, has announced the imminent Chang fork, a pivotal upgrade scheduled for June that promises to usher the blockchain into the Voltaire era. This era is characterized by enhanced governance features, enabling ADA holders to directly influence the platform’s future through voting. The update, named to honor the late Phil Chang, is set to be Cardano’s most transformative, aiming to establish a decentralized global community.

With the completion of Cardano Node version 9.0, the stage is set for the Chang fork, contingent upon 70% of stake pool operators adopting the new software. This upgrade marks a significant milestone in Cardano’s roadmap, reflecting nearly a decade of relentless innovation and community building. Hoskinson envisions this update as a leap towards a decentralized civilization, impacting millions worldwide.

Hoskinson’s enthusiasm is palpable as he reflects on the journey: “In a single decade, we built a nation,” he stated, underscoring his belief in blockchain’s potential to reshape governance and societal structures globally. This upgrade could signify a major step forward in realizing a truly decentralized and democratic digital society.

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Over Half Of Top US Hedge Funds Own Bitcoin ETFs

In hindsight, all it took for real institutional adoption of Bitcoin to take place was the introduction of a risk-minimized, easy-to-use product in the form of an exchange-traded fund (ETF). In January, the SEC approved nine new ETFs that provide exposure to Bitcoin through the spot market, a strict improvement over the futures-based ETFs that began trading back in 2021. In the first quarter of trading, both the size and number of institutional allocations to these ETFs have blown away consensus expectations. Blackrock’s ETF alone set a record for the shortest time an ETF has hit $10 billion in assets.

Beyond the eye-popping AUM figures these ETFs have drawn, this past Wednesday marked…

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Financial Sector Dominates Q1 Crypto Funding With $323M Inflows

Crypto venture capital funding in the first quarter saw the financial sector rake in the most investments.

What Happened: Tom Dunleavy, Managing Partner at MV Capital, quoted figures from blockchain analytics firm Messari, revealing that deal volume decreased by 8.8% month-over-month (MoM) to $1.28 billion. The number of deals saw a slight increase of 0.7%, sustaining near yearly high levels with a total of 303 deals.

The financial sector emerged as the most active, accounting for 25.2% of the total fundraising volume, with $323 million secured.

This sector’s robust performance underscores its pivotal role in the evolving crypto ecosystem.

Notable deals include Securitize, which raised…

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Spot Bitcoin ETFs Saw $1.8B in Inflows Last Week

Spot Bitcoin exchange-traded funds (ETFs) in the U.S. attracted $1.8 billion in inflows last week, their 18th consecutive record day of demand. The surge comes as the successful Bitcoin ETFs continue maturing.

Trading volumes across Bitcoin ETFs also rose 55% week-over-week to $12.8 billion. The past week’s haul was Bitcoin funds’ largest since mid-March when Bitcoin hit nearly $74,000.

Significantly, the ETFs acquired around 25,700 BTC last week, almost equal to the entire new Bitcoin supply mined during that period. This absorption of new supply is tightening the market.

The wave of inflows this month has already surpassed May’s total inflows. It follows the regulatory embrace of Bitcoin…

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LATEST: Solana Upgrades to Mainnet v1.18.15 for Improved Stability

Solana is set for a significant network upgrade, introducing v1.18.15 to its mainnet as a response to surging demand and the recent meme coin frenzy. The upgrade, announced by Solana Status on June 10, targets key congestion issues by implementing scheduler optimization and enhancing transaction processing efficiency. This move is part of the blockchain’s strategy to maintain high performance and reliability amidst increasing platform activity.

The new version, recognized as stable for Mainnet Beta, includes several technical advancements such as the integration of certificate authority certificates in the docker image, a bug fix for the transaction queue, and improved metrics for monitoring threshold failures. These enhancements are designed to bolster network stability and scalability, ensuring a smoother user experience.

Validators play a critical role in this transition, urged to update their systems during periods of low delinquency (below 5%). The Solana community, particularly developers and validators, anticipates this upgrade, which aims to rectify issues from previous updates and prepare the blockchain for continued growth and adoption.

Solana Status