Ethereum layer-2 scaling network Optimism is putting aside $3.3 billion worth of its Optimism (OP) token for its community to grant to projects or people deemed important contributors to the blockchain’s ecosystem. On March 26, the chain’s governance and community arm, Optimism Collective, said that some of the 850 million OP would be doled out…

A United States Securities and Exchange Commission (SEC) brief detailing proposed fines and penalties for blockchain firm Ripple describes a different narrative than the one pushed by the company’s executives. In a March 25 filing in U.S. District Court for the Southern District of New York, attorneys for the SEC proposed Ripple pay $876,308,712 in disgorgement and…

As Bitcoin toes around the $70,000 price mark, there’s speculation that short-sellers are feeling the pressure due to diminishing downtrends and quicker-moving uptrends, potentially driving Bitcoin’s price to $80,000, according to an analyst. “This is a textbook sign that shorts are being squeezed as we hit fresh all-time high territory,” trading resource The Kobeissi Letter stated…