Wednesday, November 27, 2024
| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | Have faith, Geckos! In today's news:
Read on! | | 24h Hot Searches Worldwide 🔥 | | Top Layer 1s by Price Returns | | 2024 has been a thrilling year for Layer 1 blockchains, with the majority of coins experiencing positive price action! What Layer 1 blockchains have had the largest price returns in 2024? | | | Decentralized block building 🧱 Blockchain infrastructure and research firm Flashbots has introduced a decentralized block-building network known as BuilderNet.
According to the team, the Ethereum block-building process is currently dominated by just a handful of builders, who produce over 90% of new blocks.
To mitigate concerns of centralization, Flashbots has proposed the BuilderNet initiative to encourage operators to collaborate on the block-building process on the Ethereum mainnet.
The initiative will kickstart with Flashbots, BeaverBuild, and Nethermind as its founding partners. The strategy for this partnership involves a multi-operator system where different entities can manage the same block builder.
Additionally, BuilderNet will utilize trusted execution environments (TEE) to create a more secure and fairer environment for MEV arbitragers.
| | | Join us as we unpack Bitcoin staking with Babylon! Learn how this protocol plans to use Bitcoin to secure other PoS networks and earn yield. | | | Another marketplace bites the dust ⚰️ Crypto exchange Kraken will be sunsetting its NFT marketplace, which was launched just last year. According to an email notice sent to its clients, the marketplace will only be open for withdrawals for the next 3 months before the platform is shut down for good.
Kraken stated that the decision was made to free up resources to develop other new products and services.
Launched in June 2023, Kraken's NFT marketplace allowed users to perform gas-fee trades on over 250 different collections. | | | You can now bridge assets from BSC to Alephium and explore the growing Alephium ecosystem. | | | In Other News... Inverse Jim Cramer? The infamous host of CNBC's 'Mad Money', is known for his tendencies to unintentionally call the tops and bottoms of the market. His recent bullish sentiments for Bitcoin was shortly met with a 5% retracement. Pump.fun? More Like Profit.fun! The Solana memecoin launchpad has sent another $22M worth of SOL to the Kraken exchange. So far, Pump.fun has generated over $220M in revenue this year! Drug Lords Using Tether USDT. A recent report by Court Watch claims that Mexican cartels have increasingly adopted USDT for drug trafficking operations. The report suggests that USDT has become so prevalent in Mexico's illicit activities that it trades at a discount in the region. Tornado Cash Free At Last! The US Court of Appeals has overturned sanctions placed on the platform, marking it a huge legal victory for the crypto sector. Tornado Cash's native token TORN is up 500% in the hours following this court ruling. Brazilian Lawmaker Proposes Bitcoin Strategic Reserve. On Monday, Congressman Eros Biondini proposed the bill which could see Brazil acquiring over $372B worth of Bitcoin. WalletConnect Airdrop Checker Live. 50M tokens have been allocated to over 160K users. The tokens will initially be non-transferable, but users can still stake their tokens for rewards starting from 19 December.
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