TL;DR Breakdown Controversial reports point to the possibility of Ethereum being influenced by a group of powerful miners known as the “Ethereum Cartel.” The Ethereum Cartel allegedly controls a significant portion of the network’s mining power, potentially giving them the ability to manipulate transactions and prioritize their own interests. Critics argue that the concentration of mining power within the Ethereum Cartel threatens the decentralized nature of the network and undermines the principles of transparency and fairness. Ethereum proponents say that Ethereum 2.0’s switch from PoW to PoS consensus will reduce miners’ influence and promote decentralization. Is Ethereum under siege? The Ethereum ecosystem is embroiled in a controversy over the outsized impact one of its staking pools, Lido Finance (LDO), has on the network as a whole. Anthony Sassano, the proprietor of The Daily Gwei and independent Ethereum educator, is credited with sparking the centralization concerns with a tweet.  Ethereum faces controversial issues over centralization The current controversy encircling the Ethereum ecosystem concerns liquid staking derivatives or LSDs, and Lido Finance in particular. Many of my fellow Ethereans are going to…

TL;DR Breakdown Microsoft has partnered with CoreWeave, to explore the convergence of AI and the cryptocurrency industry. The collaboration aims to leverage cloud computing infrastructure to drive technological innovation. CoreWeave has expanded its expertise beyond Ethereum mining and is valued at $2 billion. In a groundbreaking move that showcases the ongoing convergence of artificial intelligence (AI) and the cryptocurrency industry, Microsoft has forged a transformative partnership with CoreWeave, a prominent former Ethereum miner. The collaboration aims to unlock unprecedented potential by harnessing the power of cloud computing infrastructure and advancing the boundaries of technological innovation. Emerging as one of the fastest-growing providers in the industry, CoreWeave has rapidly expanded its expertise beyond Ethereum mining. Recently valued at an impressive $2 billion, the company has attracted significant attention for its forward-thinking approach and commitment to pushing the technological envelope. While the financial specifics of the Microsoft-CoreWeave deal remain undisclosed, inside sources familiar with the matter have indicated that the tech giant has committed to a multi-year investment worth billions of dollars. This strategic move demonstrates Microsoft’s unwavering dedication to fostering groundbreaking…

TL;DR Breakdown U.S. House Financial Services and Agriculture Committees have released a discussion draft proposing a regulatory framework for the crypto industry. The draft bill aims to clarify by allowing certain digital assets to be classified as digital commodities. The legislation addresses concerns related to registration, custody, and the lack of clear rules in the crypto space. However, its progress in Congress remains uncertain without bipartisan support. Lawmakers from the United States House Financial Services Committee and House Agriculture Committee have taken a decisive step towards providing regulatory clarity in the cryptocurrency industry. To address longstanding concerns of regulatory ambiguity and the lack of clear rules, they have released a draft discussion offering a potential pathway for certain crypto assets to be classified as digital commodities. The proposed legislation aims to establish a functional framework that tackles the challenges faced by the industry. A framework for clarity The draft bill aims to prevent the U.S. Securities and Exchange Commission (SEC) from denying digital asset trading platforms the opportunity to register as regulated alternative trading systems. This regulatory move will enable…

TL;DR Breakdown Evertas, an insurance company focused on digital assets, has tripled its coverage limits for custodial crypto assets to $420 million per policy, offering increased risk transfer for blockchain projects. The company has also introduced coverage for mining operations, providing up to $200 million per policy, the highest coverage limit in the industry. Evertas’ expansions come after raising $14 million in funding and being granted official cover holder status by Lloyd’s of London, signaling growing confidence in the crypto sector. Evertas, a Chicago-based insurance company specializing in digital assets, has announced significant expansions to its coverage portfolio. The insurer has tripled the per-policy coverage limits for custodial crypto assets, now offering up to $420 million in coverage. This increase aims to provide blockchain-focused projects with nearly triple the previously available risk transfer. Additionally, Evertas has introduced coverage for mining operations, offering up to $200 million per policy, which is the highest coverage limit currently available in the industry. The policy expansions come just six months after Evertas raised $14 million in a Series A funding round led by Polychain…

TL;DR Breakdown As of June 5, institutional clients of Coinbase Derivatives Exchange will have access to Bitcoin (BTC) and Ether (ETH) futures trading. Futures contracts for institutional investors will expire monthly and be valued at 1 BTC or 10 ETH.  Early adopters could get incentive packages and lower exchange fees.  Coinbase, one of the most popular places to buy and sell cryptos, just made an exciting statement about the world of digital assets. The company stated that it wants to start a derivatives market that will offer BTC and ETH futures contracts to institutional investors.  This is another step Coinbase is taking to grow its services and provide a complete platform for individual and institutional investors in the crypto market. Coinbase’s derivative products Coinbase’s introduction of a derivatives exchange is aimed at luring large institutions that need complex financial instruments to handle their crypto exposure. Investors can speculate on BTC and ETH price swings using futures contracts without possessing either. With this method, financial institutions can protect themselves from market fluctuations while still having the opportunity to make a profit….

TL;DR Breakdown Taurus integrates with Polygon, enabling European banks to tokenize assets and issue digital securities. The partnership combines Taurus’ tokenization capabilities with Polygon’s efficient and cost-effective blockchain infrastructure. Tokenized securities are gaining traction among financial institutions, offering increased liquidity and programmable behavior for assets. Digital asset infrastructure provider Taurus has announced its integration with Polygon, a scaling network for Ethereum, to enhance its tokenization efforts in Europe. The move follows Taurus’ successful $65 million funding round. It will enable its clients, including major financial institutions such as Arab Bank Switzerland, Credit Suisse, and Deutsche Bank, to issue digital securities seamlessly. Taurus sees debt, funds, and structured products as popular assets for tokenization, with the choice of Polygon as a natural fit due to its association with the Ethereum network. Enabling banks and brands to issue and custody any tokenized asset using @0xpolygon@taurus_hq, the European digital asset infrastructure leader is now fully integrated and automated #onPolygon 😎 More: https://t.co/U2tT0azjkG pic.twitter.com/urFCzXN8eg — Polygon (Labs) (@0xPolygonLabs) June 2, 2023 Tokenization involves converting tangible or intangible assets into digital tokens, allowing for increased…

TL;DR Breakdown Avalanche price analysis is bullish today. The strongest resistance is present at $15.2. The trading price of AVAX is $14.5 at the time of writing. Avalanche price analysis indicates the emergence of a bullish trend that is progressively gaining strength, with substantial potential for further upward movement. The AVAX/USD trading pair is currently priced at $14.5, indicating a 2.69% increase in value over the past 24 hours. There was a significant upward trend observed in the market yesterday, marked by a sudden surge. However, at the beginning of the current day, the market exhibited promising bullish behavior after declining below the $14 level. Additionally, market volatility has decreased, creating a favorable environment for potential recovery favored by bullish investors. Avalanche’s present trading value stands at $14.56, accompanied by a 24-hour trading volume of $214.83M. It possesses a market capitalization of $4.87B, with a market dominance of 0.42%. Over the past 24 hours, the price of AVAX has observed a 2.26% increase. Currently, the sentiment surrounding Avalanche’s price prediction leans towards a bearish outlook, while the Fear & Greed…

Contents hide 1 120,000 ETH block calls were traded in a single day 2 Bitcoin re-org 3 Tether USD₮ Reaches All-Time High 4 Singapore’s MAS issues a new notice requiring crypto firms to conduct stricter customer due diligence 5 Circle plans to start issuing native USDC on Arbitrum 6 Marathon mined a record 1,245 bitcoins in May 7 Video recording an immersion-cooled bitcoin mining facility in Norcross 8 Bitcoin on the rise 9 Coinbase Derivatives Exchange to launch BTC and ETH futures contracts for institutions 10 OKX Wallet released the BRC-30 proposal, an enhanced version of the BRC-20 protocol 11 Binance has completed the integration of Tether (USDT) on the Arbitrum One and Optimism networks 120,000 ETH block calls were traded in a single day A whopping 120,000 ETH block calls were traded today, accounting for 53% of total volume and a notional value of $220 million. Giant whales by way of calendar spreads 1) shorting the price 2) shorting the volatility. If ETH fails to break above $2300 at the end of this year… — Wu Blockchain (@WuBlockchain) June…

EA Sports dabbles big on Web3 with Nike Not another day in ‘Web3’: The giants “NIKE and EA sports” blew everyone’s minds🤯 🧵👇 pic.twitter.com/YYuNS36GLr — MANI (@Mani_NFTz) June 2, 2023 As the debate goes on whether the ‘NFTs are dead’ or not?@Nike drops a bomb to put an end to that once and for all… (1/9)https://t.co/yhqWJ7Fj21 — MANI (@Mani_NFTz) June 2, 2023 @dotSWOOSH already proved that the people’s interest over ‘NFTs’ didn’t fade… When it sold over 97,000 ‘Our force 1’ digital sneakers and made almost $2 million in revenue. (2/9) — MANI (@Mani_NFTz) June 2, 2023 Ofcourse it’s “NIKE”! Still, no one’s an exception when it comes to NFTs. many behemoths tried and failed. Following up it’s success, ‘.Swoosh’ announced one hell of an UTILITY… By incorporating it’s ‘Virtual creations’ into future @EASPORTS games. (3/9) pic.twitter.com/B4hroVWSw1 — MANI (@Mani_NFTz) June 2, 2023 ‘EA sports’ doesn’t need any introduction… But, you gotta know the impact of the partnership ‘FIFA’ alone have 150 million player base (officially reported) (4/9) pic.twitter.com/R2CjV3nxfh — MANI (@Mani_NFTz) June 2, 2023 Imagine the exposure for overall…

Nothing feels better than this.. 😍#Crypto #cryptocurrency #CryptoTwitter #Cryptocom #CryptoUpdate #CryptoCommunity #cryptotrading #CryptoMeme #Ethereum #Binance #Bitcoin #blockchains #NFT #NFTCommunity #trading pic.twitter.com/qaUrD798IZ — NFT collecter and promote (@cryptoverse2197) June 2, 2023 CRYPTO MEME: The government banning #Bitcoin pic.twitter.com/jx1vP2u2Sl — Coingraph | News (@CoingraphNews) June 2, 2023 Stop being so emotional before I hodl and chill with your chick #Memes #NFTs #BTC📷 #ETH #Dogecoin #cryptomarket #cryptomeme #NFTmeme #RespectMeme #cryptomemes #cryptocurrency #DOGE #CryptoTwitter #Ethereum pic.twitter.com/S83gKIVwbb — Top Crypto Memes (@TopCrypto_Memes) June 2, 2023 Are you guilty of that, Fam?😅#cryptomeme pic.twitter.com/Bw0TWcoNdE — Marvellex Group (@Marvellex_) May 31, 2023 It’s an NFT#Cryptomeme #Memes #NFT #ETH #Dogecoin #Crypto #NFTmeme #RespectMeme #Memes #cryptomemes #cryptocurrency #CryptoTwitter #Ethereum #CryptoCommunity pic.twitter.com/Mn45aHGS4F — Emilia Herrison (@Emilia_NFTs) May 24, 2023 It’s getting out of control out there!#crypto #cryptomeme #TippingPoint pic.twitter.com/rUF6voMUMJ — Crypto Giggle (@CryptoGiggle) May 31, 2023 We need a crypto meme officer to carry out investigations fr. pic.twitter.com/V4wdy8zzTf — RΞTRICKK.SOL {♟,♟} 🔊🦇 (@Retrickk_crypto) May 30, 2023 #BitcoinCash is p2p cash. #BCH #Crypto #meme pic.twitter.com/JJGa1SqWtJ — Thunder.BCH (@ThunderBCH) May 27, 2023 More like LOLger#Crypto #cryptomeme #Ledger #Memes pic.twitter.com/G1LRRZEtYP — Crypto Giggle (@CryptoGiggle)…