Dan Romero, the founder of the decentralized Web3 social protocol Farcaster, has detailed an update to Frames, which once spiked the protocol’s users by 400% in a week. “A new Frame standard that allows interactive applications, onchain transactions, and user notifications would enable many new kinds of social applications,” Romero said while introducing the specification for Frames…

Ethereum layer-2 network Base has just hit a record 106.26 transactions per second (TPS), furthering it from Taiko as the fastest Ethereum layer-2 solution, while its total value locked (TVL) recently surpassed $10 billion. It marks a near 28% increase in TPS from Nov. 23. It was only in January when Base was averaging only…

Ethereum has overtaken Tron as the biggest blockchain for the Tether stablecoin after a 10% increase in the supply of USDT on Ethereum over the last week. There is now $60.3 billion worth of the United States dollar-backed stablecoin Tether USDT on Ethereum compared to Tron’s $58.1 billion, DefiLlama data shows. USDT supply on Tron has fallen 1.5% over…

Australia’s Treasury Department has released a consultation paper seeking feedback on applying an international reporting standard for cryptocurrency transactions. The initiative is part of a broader effort to enhance tax transparency and combat global tax evasion. The consultation, launched on Nov. 21, focuses on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework…

The Reserve Bank of India (RBI) is seeking to expand its cross-border payments platform — which will allow instant settlement — by adding new trading partners in the Asia and Middle East regions. According to Bloomberg, India already has an agreement with neighboring Sri Lanka, Bhutan, and Nepal, with plans to add the United Arab Emirates…

Bitcoin retreated after failing to break the $100,000 milestone on Nov. 24, causing one of the largest weekend crypto liquidation events in more than half a year. Over $470 million worth of crypto positions were liquidated over the last 24 hours. Long and short liquidations comprised $352.6 million and $119.9 million, respectively, with altcoins accounting…