Crypto exchange Coinbase’s Ethereum layer-2 blockchain Base has seen its total value locked (TVL) surge by over 13.2% in the past week to surpass $4 billion for the first time as its 30-day transactions beat out Ethereum and its top rival Arbitrum. L2BEAT data updated on April 7 shows Base’s total TVL at $4.15 billion, including $1.45…

Many crypto traders are eyeing the Bitcoin halving event as a primary driver for a potential price spike, but the time of year will be an obstacle, according to cryptocurrency exchange Coinbase. The crypto market will need to find another narrative to further push up prices across the board, Coinbase further explained in its April 5…

Fantom creator Andre Cronje has shown support for the Solana network, amid the recent transaction failures on the network. Cronje is considered one of the most influential thought leaders in decentralized finance (DeFi). According to a post on the X social platform by the co-founder, some critics view the ongoing congestion as Solana’s flaw, yet it stems…

What is KYC and how does it work? KYC, which stands for “Know Your Customer,” is a due diligence and security process implemented by financial institutions to verify the identity of their clients and determine the potential risks of illegal activities such as money laundering and terrorism financing. By helping protect companies from doing business…

Cboe Global Markets has asked the United States Securities and Exchange Commission to approve a rule change that would allow issuers to combine exchange-traded funds (ETFs) and mutual funds. According to a Reuters report on April 4, Cboe submitted a 19b-4 form requesting the green light to add an ETF share class to existing mutual funds, allowing…

Ethereum layer-2 protocol Starknet suffered a block reorganization that led to a backlog of transactions. The protocol’s block monitoring tool, Starkscan, showed an outage of four hours in block production. Starkscan shows a gap between the creation of blocks 630028 and 630029 on April 4, while Starknet’s status page did not reflect any outages on the network on…

As the trial between Terraform Labs and the United States Securities and Exchange Commission (SEC) approaches the finish line, attorneys alleged the crypto firm made several false claims regarding the platform to investors. According to an April 5 Reuters report, SEC lawyers said in U.S. District Court for the Southern District of New York that Terraform’s story…

Web3 gaming needs more player-centric projects with smooth onboarding to bolster mainstream adoption, according to Herbert Sim, chief operating officer of the hybrid cryptocurrency exchange Websea. He told Cointelegraph in an exclusive interview: “GameFi projects need to put players at the forefront. At Websea Labs, we’re looking at projects enhancing user experience and gameplay, with…

Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana, however, proponents say the data is being widely misinterpreted. Dune Analytics data shows that on April 4, just over 75% of all “non-vote” Solana transactions failed, the highest failure rate on record….

The latest report from DappRadar highlights a slew of bullish indicators in the decentralized application (DApp) and Web3 sector for Q1 2024. DApps saw a quarter-over-quarter usage increase of 77% on the whole, with a total daily active user wallet count of 7 million. This shows an increase of approximately 40% since February 2024, indicating the highest…