Ethereum ETF Approval Expected By May 23 - Standard Chartered
Block Inc. Begins To Cut Staff, 'GameStop' Memecoin Skyrockets 330%, Layer N Achieves 120,000 TPS Before Testnet
Welcome to Coinfeeds Daily Digest! Today we cover German police seizing 50,000 BTC currently amounting to $2.17 billion from a piracy website, Standard Chartered Bank analysts predicting spot Ethereum ETF approval by May 23rd, and Jack Dorsey's Bitcoin-based digital payments company Block Inc. having begun its 10% staff cut as they follow to their downsizing plan. Regarding tech itself, Circle is expanding USDC to Celo Network, Ethereum L2 Layer N has hit a 120K TPS milestone ahead of testnet, and ZetaChain is gearing up to launch its mainnet that will unite Bitcoin and Ether, as well as other coins, with the Cosmos ecosystem. Also, while GameStop has distanced itself from crypto, a new Solana meme coin 'GameStop' GME has surged 330%.
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Standard Chartered Analysts Predict Ethereum ETF Approval By May 23rd
Standard Chartered Bank's analysts believe that the SEC is likely to approve spot Ethereum ETFs on May 23. They suggest that Ethereum's price could follow a trajectory similar to that of Bitcoin's in the period leading up to its own ETF approval. | Read More
Block Inc. Begins 10% Staff Cut
Block Inc., the financial services company led by Jack Dorsey, has initiated layoffs as part of a broader plan to reduce its workforce. The company, which currently employs around 13,000 individuals, is working towards a goal of capping its employee count at 12,000 by the end of 2024. | Read More
Solana-based 'GameStop' Memecoin Soars 330%
A meme coin named GameStop (GME) on the Solana blockchain has experienced a remarkable surge in value, increasing by 330%. Despite sharing a name with the well-known gaming retailer GameStop, there is no direct connection between the two entities. | Read More
Layer N Hits 120K TPS In Test
Layer N, a Layer 2 network built on top of the Ethereum blockchain, has recently achieved a remarkable feat in its testing phase. Backed by the Founders Fund, Layer N has reached a peak of 120,000 transactions per second during its closed testnet evaluations. | Read More
Circle Expands USDC to Celo Network
Circle, a prominent fintech company, has announced the expansion of its stablecoin, USDC, to the Celo network. This move is poised to enhance the capabilities of USDC in facilitating cross-border and peer-to-peer transactions, particularly in regions where financial services are less accessible. | Read More
German Police Seize $2.17B in Bitcoin
The seized bitcoins are believed to be proceeds from the illicit activities of the piracy website. To conceal the origins of their illegal gains, the operators of the site converted their proceeds into bitcoin, a digital currency known for its decentralized nature and potential for anonymity. | Read More