Bitcoin ETFs Considered for Retirement Funds in Arizona
Avalanche Unveils Durango Upgrade, BlockFi Settles With FTX & Alameda Research For $874.5M, Bitcoin Policy Summit On April 9th
Welcome to Coinfeeds Daily Digest! Today we cover the Ethereum ecosystem, where network fees for chains Polygon, Arbitrum, Starknet, Base, and other L2s are set to drop by as much as 95% following the Dencun upgrade, as well as a significant burn of 66,000 Ethereum over the past 30 days. Regarding Bitcoin, the Arizona State Senate is considering the addition of Bitcoin ETFs to retirement funds, and industry leaders are set to meet in Washington D.C. at the annual Bitcoin Policy Summit on April 9th. Moreover, like Ethereum, Avalanche is undergoing a major upgrade - one that will increase the interoperability of its subnetworks. Also, BlockFi has settled the FTX/Alameda lawsuit for $874.5 million.
Market Update
News
Bitcoin ETFs Considered for Retirement Funds in Arizona
The Arizona State Senate is exploring the possibility of incorporating Bitcoin ETFs into retirement portfolios. The proposal in question encourages state pensions, specifically targeting the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS), to consider the inclusion of spot Bitcoin ETFs in their investment portfolios. | Read More
Avalanche Releases Durango Upgrade That Will Boost Subnet Interoperability
Avalanche has introduced the Durango upgrade, coupled with a groundbreaking tool named Teleporter. This development is poised to revolutionize the way subnets within the Avalanche network communicate and interact with each other, marking a new era of interoperability and seamless integration across its diverse landscape of application-specific chains. | Read More
BlockFi Settles With FTX & Alameda For $874.5M
Under the terms of the settlement, BlockFi is set to receive $874.5 million in claims against FTX and Alameda. Of this amount, $250 million is designated as a secured claim, providing a layer of assurance regarding the recovery process. The settlement, promises to redirect substantial funds from ongoing litigation efforts directly to customer distributions. | Read More
Bitcoin Industry Leaders to Meet at Bitcoin Policy Summit
The intersection of digital currencies and politics is becoming increasingly significant, as evidenced by the upcoming Bitcoin Policy Summit set to take place in Washington D.C. This event, now in its second year, serves as a crucial platform for dialogue between Bitcoin industry leaders and policymakers from various backgrounds. | Read More
Ethereum Fees to Drop for Arbitrum, Polygon, Starknet, Base
The Ethereum blockchain is on the brink of a significant transformation with the upcoming Dencun upgrade, poised to bring about a substantial reduction in transaction costs. This is particularly noteworthy for users of L2 solutions such as Arbitrum, Polygon, Starknet, and Base, which are built on top of the Ethereum network and are now set to enjoy faster and cheaper transactions. | Read More
Ethereum's Supply Reduced By 66,000 ETH Over The Past 30 Days
Over the past week alone, Ethereum's supply decreased by 32,000 ETH, and over the past 30 days, it has seen a reduction of 66,000 ETH. This equates to a staggering value of over $250 million. This decrease in supply, coupled with an upcoming network upgrade aimed at improving scalability, has contributed to Ethereum gaining momentum against Bitcoin. | Read More