Binance will delist several stablecoins, including USDT and DAI, for European users by March 31, as part of its compliance with the upcoming MiCA regulations. While users can still hold and convert non-compliant stablecoins, they will be restricted from using them for other services on the platform. Only USDC and EURI will remain available for trading, as Binance works to align with EU policies amid scrutiny and regulatory challenges.
about Binance to Delist Non MiCA Compliant Stablecoins for European UsersPolarityTE, Inc.
0 in Finance and 0 in Crypto last weekSolana Proposal Aims to Reduce Inflation by 80 Percent Through New Model
Solana’s community is considering a governance proposal, SIMD-0228, that could reduce inflation by up to 80% by adjusting token issuance based on staking activity. Currently, with 65% of tokens staked, the proposal aims to enhance economic sustainability while addressing concerns about excessive token emissions and potential impacts on smaller validators. Voting on this pivotal proposal is set for March 6, 2025, requiring a two-thirds majority to pass.
about Solana Proposal Aims to Reduce Inflation by 80 Percent Through New ModelPaxos USDG Stablecoin Expands to Solana Enhancing Global Financial Opportunities
Paxos’ USDG stablecoin has expanded to the Solana blockchain, enhancing its multichain presence initially launched on Ethereum. This move aims to boost stablecoin adoption for payments and finance globally, with partnerships including alfred, Caliza, and Noah to facilitate various financial services.In a related note, Ledger CEO Pascal Gauthier emphasized the importance of security in cryptocurrency storage, urging users to avoid leaving assets on exchanges due to hacking risks. He highlighted Ledger’s commitment to self-custody solutions, especially following a significant security breach at Bybit.
about Paxos USDG Stablecoin Expands to Solana Enhancing Global Financial OpportunitiesEthereum Raises Gas Limit to Enhance Transaction Capacity and Network Performance
Ethereum has increased its gas limit to over 31 million gas units, enhancing transaction capacity and network performance without a hard fork. This change, supported by over 50% of validators, marks the first adjustment since 2021 and aligns with Ethereum’s ongoing scalability efforts.In a significant move, BlackRock purchased $276.16 million worth of Ethereum, reflecting growing confidence in the cryptocurrency’s potential amid market optimism.
about Ethereum Raises Gas Limit to Enhance Transaction Capacity and Network PerformanceSEC Crypto Enforcement Actions Decrease by 30 Percent in 2024
Gary Gensler’s tenure as SEC chair saw a 30% decrease in cryptocurrency enforcement actions in 2024, with 33 actions taken against 90 defendants, primarily for fraud and unregistered securities offerings. Despite fewer actions, penalties reached a record $4.98 billion, largely due to a $4.55 billion settlement with Terraform Labs. Recently, President Trump appointed Mark T. Uyeda as Acting Chairman of the SEC.
about SEC Crypto Enforcement Actions Decrease by 30 Percent in 2024Ethereum Foundation Leadership Restructuring Under Vitalik Buterin’s Guidance
The Ethereum Foundation, led by Vitalik Buterin, is undergoing significant leadership changes aimed at enhancing technical expertise, strengthening ecosystem ties, and supporting developers. The foundation remains committed to its core principles of neutrality and decentralization while planning to utilize Ethereum for its internal operations. These updates are crucial for ensuring Ethereum’s continued role as a foundational platform in the Web3 landscape.
about Ethereum Foundation Leadership Restructuring Under Vitalik Buterin's GuidanceZKcandy secures 4 million dollars for Telegram-based gaming ecosystem development
ZKcandy has raised $4 million, led by Wemix, to develop a Telegram-based EVM gaming ecosystem, aiming for a mainnet launch in 2025. The initiative, backed by notable investors, has already seen over 2.4 million wallet creations during its open testnet phase, highlighting strong community interest. Additionally, Buenos Aires is utilizing zkSync and QuarkID for a secure blockchain-based citizen identification system, enhancing interoperability with Ethereum and Polygon.
about ZKcandy secures 4 million dollars for Telegram-based gaming ecosystem development