Author: Crypto News Live

zkSync Era is undergoing an upgrade and has some great news for users and builders. Following its most recent upgrade (VM version 1.4.2, Protocol version 22), which introduced EIP-4844 support and significantly decreased our fees by a factor of 10, now is the opportune moment to introduce some novel functionalities and enhancements to Protocol v24. The company encountered certain difficulties with v23 in its internal environments before deciding to standardize the enhancements A few of the enhancements to the new version will include the addition of EVM curve operations precompiles, the zkSync Bridgehub, and a new precompile for P256Verify. Furthermore,…

Dorsey sees $1M by 2030, but Schiff warns of an upcoming downward pressure. Market sentiment hints at a short-term rise amidst price uncertainty.  After the highly anticipated Bitcoin [BTC] halving event, the leading cryptocurrency appears to be on a downward trajectory. As of the latest update, BTC was trading at $60,708 after experiencing a significant drop of 4.20% in the past 24 hours. Execs’ optimistic stance on Bitcoin  Amidst this declining performance, Jack Dorsey, former CEO of Twitter and a prominent figure in the tech and cryptocurrency worlds, predicted that BTC would reach $1 million by 2030. In the latest…

Ethereum (ETH) tumbled 6.45% in the past week, marking a rough stretch for the world’s second-largest cryptocurrency. Generally, Ether has left investors much to desire in recent times with a price decline of 16.57% over the last few months. Amidst this bearish market, a crypto whale has sold off all his Ethereum tokens drawing much attention from traders and market experts alike.  ETH Whale Liquidates Holdings, Incurs Substantial Loss In an X post on May 11, blockchain tracking platform Lookonchain reported that a crypto whale offloaded all its 6,714 ETH tokens at a market price of $19.5 million. While the…

Bitcoin’s market structure revealed it was close to a re-accumulation zone. A bounce to $65,065 could be BTC’s target once the coin recovers. According to crypto trader Rekt Capital, Bitcoin [BTC] has left the danger zone and has reached the re-accumulation area. The analyst mentioned this in a post on X (formerly Twitter) on the 11th of May. From the chart Rekt Capital shared, he explained how the coin has satisfied the post-halving correction, and in two days, Bitcoin might have left the danger area entirely. The red days are almost over To back up his rationale, he referred to…

Aspecta is pleased to announce its partnership with ZKM for the purpose of stimulating the ZKM developer ecosystem. This partnership is intended to inspire innovation, pushing the ZKM future forward. This is the start of an amazing ride with the ZKM BuilderState debut. ✨ We are excited to partner with @ProjectZKM, as we join forces to turbocharge the ZKM developer ecosystem!💪 ZKM #BuilderState is now live: Link your GitHub and dive into the vibrant builder hub. Let’s shape the future of ZKM together 👇https://t.co/IqIH3w5SOP pic.twitter.com/sTH8zOFnZ8 — Aspecta (@aspecta_id) May 10, 2024 ZKM Aims to Unify Fragmented Blockchain Space for Seamless…

TL;DRFull StoryThe SEC has “gone full Oprah” with these Wells notices (aka: “we plan to sue you” notices).ICYMI — in the past few weeks, the SEC has handed out Wells notices to:Uniswap (the world’s largest decentralized exchange).Consesnys (the creators of the world’s most popular hot wallet, MetaMask).And just yesterday, Robinhood (you know — the app you used to buy your $GME stock with a few years back).It’s unclear what angle of attack the SEC will take with Robinhood — but it doesn’t really matter at this point. What matters is the larger picture that is being painted here…Because the attack…

JP Morgan and Wells Fargo, two of the largest banks in the United States, have announced their investments into Spot Bitcoin ETFs, unveiling their exposure to BTC, the world’s largest cryptocurrency. This significant development comes amidst the persistent downturn in the crypto market, resulting in BTC’s price dipping slightly above $60,000.  US Financial Banks Expose Spot Bitcoin ETF Holdings American financial services companies, Wells Fargo and JP Morgan, have revealed their exposure to BTC by disclosing their adoption of Spot Bitcoin ETFs in a recent filing. This decision to invest in BTC ETFs marks a notable change from the banks’…

Exiled Russian opposition leader Mark Feygin is launching an anonymous, blockchain-powered referendum on the legitimacy of Vladimir Putin’s victory in Russia’s election. The vote will be conducted on an app called Russia2024, built using Rarimo’s Freedom Tool. Vladimir Putin just won his fifth term as Russian president, though the 87% landslide election victory has been labeled preordained, stage-managed and a farce. Now, exiled opposition leader Mark Feygin is leading an effort to give Russians an anonymous, blockchain-powered way to register a “protest vote” against Putin. The results of this effort would, of course, have no legal weight in Russia and…

Bitcoin’s Open Interest grew materially as price of BTC declined. Long term holders begin selling their holdings, interest in ETFs remained high. Bitcoin [BTC] witnessed a massive surge in open interest over the last few days, despite its price hovering around the $63,000 range. Open Interest on the rise More Open Interest often indicates more traders are entering the market using futures contracts. This can lead to higher volatility as these traders place bets on the future price of Bitcoin. With more money on the line, price swings can become more pronounced as bulls and bears battle it out. This…

TL;DRSomeone just clocked 7,000% return on their BTC investment, the Grayscale BTC ETF saw its first ever inflow, and the crypto market has rebounded!Full StoryAlright, so the second article in today’s edition is a little depresso…So let’s front run it with some positive, snackable, high-fructose news stories:A mysterious Bitcoin wallet just moved some funds around for the first time since 2014.At the time, the 687 BTC were worth around $620k…now, they’re worth a tidy $44M (give or take) — that’s a ~7,000% return.The Grayscale BTC ETF has been bleeding money ever since it launched…until last Friday when it reported an…