South Korea’s ruling People Power Party has indefinitely delayed its proposal to ease cryptocurrency restrictions, including lifting the ban on local spot Bitcoin exchange-traded funds (ETFs), as per local sources. According to a report by local media outlet Chosun Biz, the party’s reversal of pledges could be linked to challenges in aligning with the government and financial…

Around $400 million in Ether (ETH) has been taken out of the Ethereum layer-2 network Blast after the launch of its mainnet on Feb. 29 at 9:00 pm UTC — unlocking nearly $2.3 billion in staked crypto previously locked up on the network. The optimistic rollup blockchain scaler gives users up to 5% annual percentage yield…

United States Securities and Exchange Commission Commissioner Hester Pierce has advocated for more decentralization in the U.S. financial system, along with a softer approach to crypto regulation and enforcement. Hester Pierce, also known as ‘Crypto Mom,’ closed her fireside chat with CNBC’s MacKenzie Sigalos at the ETHDenver conference on Feb. 29 by stating that decentralization…