Ethereum
Some Ethereum developers have launched an initiative to raise the gas limit to 40 million, which they expect will lead to a 15% to 33% reduction in layer 1 transaction costs.
Business
Anonymous users sent the wallet address memecoins and NFTs after $100 million in USDC was added to it on Wednesday.
Fortune reported on Wednesday that the SEC may have had its sights on the Ethereum Foundation since as early as 2022, while CoinDesk wrote that the Foundation faces an inquiry from an unnamed government agency.
Regulation
“The truth is, there were never losses. The money has always been available,” said Sam Bankman-Fried’s lawyers in a letter opposing the government’s proposed 50-year prison term for the former FTX CEO.
Grayscale Investments plans to add staking to its proposed spot Ethereum ETF, following a similar move from Fidelity Investments earlier this week.
James Seyffart and Eric Balchunas based their assessment on the lack of recent contact between fund issuers and the SEC.
Arrington Capital’s token distributions were spread amongst several wallets in amounts just below the minimum threshold for locking the tokens into vesting schedules.
The much-criticized co-founder of the bankrupt crypto hedge fund thinks of himself as the crypto analogue to the former Goldman Sachs CEO.
The SEC charged Genesis and partner institution Gemini for failing to register the Gemini Earn Program before its collapse.
Bitcoin
BitMEX says it is investigating unusual trading activity on its BTC/USDT spot market after large sell orders saw the price of bitcoin momentarily fall to $8,900.
