Saudi Arabia, Qatar Rumored To Buy 1M BTC Next Week
0x's API Introduces Gasless Trading In ETH DeFi, Binance Clashes With SEC In Court, 2023 Saw 34% Crypto Userbase Growth
Welcome to Coinfeeds Daily Digest! In major technical developments, 0x Labs has revolutionized DeFi on Ethereum and Polygon through Tx Relay API that enables gasless trading on these chains, Injective has launched gas compression that reduces Solana fees, and EigenLayer has released "shared security" for dApps that was made possible by collective re-staked ETH security pools. According to a new report, the number of crypto users worldwide has increased by 34%, surpassing 580 million. In court, Binance has challenged the SEC on its labeling of cryptocurrencies as securities, and the founder of Tron, Justin Sun, has withdrawn $60 million from Binance. Regarding Bitcoin, rumors coming from analyst Justin Verrengia say that Saudi Arabia and Qatar are planning to buy 1 million BTC next week, which would be worth around $500 billion. Also, the FTX bankruptcy estate has liquidated $1 billion worth of GBTC shares.
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Saudi Arabia and Qatar Rumored To Buy 1M BTC Next Week
Analyst Justin Verrengia has stirred the market with reports that the governments of Saudi Arabia and Qatar are rumored to be planning a joint purchase of around one million BTC, which could be announced as early as next week. | Read More
0x Labs Introduces Gasless Trading In Ethereum DeFi
0x Labs, a prominent player in the DeFi sector, has launched a new trading API called Tx Relay, which is now available on both Ethereum and Polygon networks. Users can now execute swaps without the need to pay ETH for gas fees upfront. Instead, the gas cost is cleverly included in the transaction and paid in the token being swapped. | Read More
Global Crypto Users Surpassed 580 Million in 2023
The year 2023 has marked a significant milestone in the world of digital currencies, with cryptocurrency usage experiencing a remarkable 34% increase globally. This surge has pushed the number of cryptocurrency users from 432 million to an impressive 580 million. | Read More
Injective Launches Gas Compression, Lowering Solana Fees
Injective, a Cosmos-based layer 1 blockchain, has made a significant leap in blockchain technology by introducing a new feature known as gas compression. This innovative step has resulted in a drastic reduction in transaction costs, setting a new benchmark in the industry. | Read More
FTX Liquidates $1B in GBTC Shares
FTX, once a prominent player in the cryptocurrency exchange arena, found itself in a position to liquidate 22 million shares of GBTC. This move effectively brought FTX's ownership in the trust down to zero. The decision to sell these shares is directly linked to the company's ongoing bankruptcy proceedings. | Read More
Tron Founder Justin Sun Pulls $60M from Binance
According to on-chain data reported by blockchain tracking firm Lookonchain, Sun has withdrawn a staggering $60 million worth of various cryptocurrencies from Binance, one of the world's leading cryptocurrency exchanges. The withdrawals encompass a diverse portfolio of digital assets. | Read More