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Technology Ethereum’s main testnet set for proof-of-stake merge in early June The largest Ethereum public testnet, Ropsten, is set to go through “the merge” as one of the final preparations for the switch to proof-of-stake. It is expected to take place on June 8. “Merging Ropsten is a huge testing milestone towards Ethereum’s mainnet merge […]

Ecosystem Terra updates  Do Kwon puts his Terra revival plan to the vote The plan is to fork the current Terra blockchain and allocate amounts of Luna to previous holders according to a set distribution. Many of the tokens would be subject to long vesting periods. Community members appear to be against his idea, but […]

Ecosystem Terraform Labs CEO Do Kwon unveils plan to restore UST peg Terraform Labs CEO Do Kwon has set out his plan for restoring UST’s peg to the dollar. The proposal to increase minting of Luna was put forward on Terra’s governance forum. So far 80 million Luna has voted in favor of it with […]

Banks and Institutions BlackRock launches blockchain industry ETF, names crypto as 1 of 3 big opportunities BlackRock has launched a blockchain-focused ETF that provides investors with exposure to the crypto/blockchain industry without needing to directly own digital assets. BlackRock also pointed out that millenials are now the drivers of consumption with over 50% of global […]

Banks and Institutions   Brazil’s Senate approves ‘Bitcoin law’ to regulate cryptocurrencies Brazil’s Senate has passed the country’s first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry. The bill must be approved by the Chamber of Deputies and then […]

Ecosystem Institutional crypto funds see largest capital inflows for 3 months Data from CoinShares shows a weekly inflow of $193 million in institutional crypto funds (compared to last week’s $47 million), with more than half of that figure going to Bitcoin alone ($98 million). Solana is also getting attention with a record $87 million. SOL-based […]

Ecosystem Instagram is launching NFTs NFTs are coming to Instagram, said Meta CEO Mark Zuckerberg. This news confirms an earlier report that Facebook and Instagram might allow users to create and sell NFTs directly on the platforms, and potentially introduce NFT profile pictures. NFTs could eventually play a role in Meta’s eventual long-term vision of […]

Banks and Institutions Europe’s landmark crypto bill passes parliamentary committee The EU’s Markets in Crypto Assets regulation, or MiCA, has advanced in the European Parliament. The final committee vote was 31 for, four against, and 23 abstentions, with the Green and Left parties showing the most opposition to the regulation. Their motion to bring back […]

Banks and Institutions EU members reportedly plan for AML watchdog to oversee crypto firms by 2024 According to a Tuesday Bloomberg report, a group of European Union member nations led by Germany plan to include crypto firms under the purview of the Anti-Money Laundering-focused group — purportedly the European Commission’s Anti-Money Laundering Authority. plan to […]