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The Block

Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. Live price and charts for Bitcoin, Ethereum and other tokens.
Solana client Jito Labs axes mempool function following increase in MEV attacks
Solana client Jito Labs axes mempool function following increase in MEV attacks

While Solana itself doesn’t have a mempool, Jito Labs’ feature had led to complaints of so-called ‘sandwich attacks’ on Solana retail traders.

The Block·2024/03/09 22:23
MakerDAO implements temporary fee hikes to prepare for 'potential Dai demand shock'
MakerDAO implements temporary fee hikes to prepare for 'potential Dai demand shock'

MakerDAO, in an accelerated governance proposal, has implemented temporary fee changes to the Maker Protocol in order to shore up support for the Dai stablecoin amid market volatility. The Dai saving rate has been increased from 5% to 15%, among other changes, as Maker attempts to alleviate sell pressure of the dollar-pegged stablecoin.

The Block·2024/03/09 20:19
Bitcoin transaction volume skyrockets as the halving approaches and miners cash in
Bitcoin transaction volume skyrockets as the halving approaches and miners cash in

Quick Take: The volume of Bitcoin moved in the past week is the highest in 18 months, and miner revenue has grown to match it, according to The Block’s data. Bitcoin miners are racing to purchase equipment and searching for locations with low-cost electricity in order to run them, according to a report in Bloomberg.

The Block·2024/03/09 18:25
SEC Chair Gary Gensler skirts questions about agency's stance on spot ether ETFs
SEC Chair Gary Gensler skirts questions about agency's stance on spot ether ETFs

Quick Take SEC Chair Gary Gensler is not giving any hints on whether the agency might approve spot Ethereum ETFs. Big name firms including BlackRock and Fidelity filed for spot Ethereum ETFs in November and have since been followed by Franklin Templeton, Ark 21Shares, VanEck and Grayscale.

The Block·2024/03/08 19:19
Wyoming governor signs into law a bill to give DAOs legal standing in the state
Wyoming governor signs into law a bill to give DAOs legal standing in the state

Quick Take The bill would give DAOs legal existence, which enables them to contract with third parties, open bank accounts, appear in court and enables them to pay taxes. Miles Jennings, a16zcrypto general counsel, called the bill a “major breakthrough” on Friday on X.

The Block·2024/03/08 17:31
MIT and Harvard alumni launch startup accelerator to support web3 founders
MIT and Harvard alumni launch startup accelerator to support web3 founders

Quick Take MIT x Harvard Blockchain Accelerator has launched to support web3 founders. The accelerator’s first cohort program will begin next month and conclude in June.

The Block·2024/03/08 17:08
Spot bitcoin ETF cumulative trading volume crosses $100 billion
Spot bitcoin ETF cumulative trading volume crosses $100 billion

Cumulative trading volume for spot Bitcoin ETFs surpassed $100 billion after launching less than two months ago.Volumes have surged in the last two week’s including this Monday when the combined buying and selling activity for spot bitcoin ETFs nearly hit $10 billion.

The Block·2024/03/08 15:47
Ether price hits $4,000 for the first time in more than two years
Ether price hits $4,000 for the first time in more than two years

The price of ether has hit $4,000 for the first time since December 2021.The milestone comes amid ongoing speculation over the prospect of a spot ether ETF in the U.S. this year — but opinions on approval vary.

The Block·2024/03/08 15:34
Aevo offers pre-market trading for its own token ahead of upcoming airdrop
Aevo offers pre-market trading for its own token ahead of upcoming airdrop

Aevo is launching pre-market trading for its own upcoming token.The token is set to launch on March 13, with less than 5% of the supply allocated for users.

The Block·2024/03/08 12:10
4% of the entire bitcoin supply is now backing US spot ETFs
4% of the entire bitcoin supply is now backing US spot ETFs

U.S. spot bitcoin ETFs now hold roughly 4% of the entire 21 million BTC supply combined.The nine newborn ETFs are on pace to hold more bitcoins than Grayscale’s converted GBTC fund by the end of today.

The Block·2024/03/08 11:31