Crypto News
House Oversight Probes Biden’s FDIC for Crypto Banking Crackdown
The House Oversight Committee is investigating whether the FDIC’s delayed crypto oversight and banking restrictions were driven by political motives or unlawful regulatory overreach. House Oversight Committee Investigates FDIC’s Crypto Policies The House Committee on Oversight and Government Reform announced on Feb. 28 that Chairman James Comer (R-KY) is investigating the Federal Deposit Insurance Corporation’sSource link
Ethereum Research Paper Challenges Centralization With Decentralized Block Proposal System
A new research paper published on Ethereum’s community research forum proposes a decentralized system to replace Ethereum’s centralized block-building model, eliminating maximal extractable value (MEV) risks while democratizing participation. Can BFT and Randomization Fix Ethereum’s MEV and Builder Dominance? Ethereum’s current Proposer-Builder Separation (PBS) framework, designed to mitigate MEV concentration, has led to centralization, withSource link
ETF Weekly Recap: Bitcoin ETFs Face Third Week of Outflows, Losing $2.61 Billion
The week of Feb. 24 to 28 saw significant outflows from crypto ETFs, with bitcoin funds losing $2.61 billion and ether funds losing $335.35 million. A record single-day withdrawal of $1 billion from bitcoin ETFs on Feb. 26 underscored the prevailing bearish sentiment in the market. Crypto ETFs in Turmoil: Consecutive Weekly Outflows for BitcoinSource link
Ethereum Foundation Picks New Co-Executive Directors, Following Leadership Reshuffle
The Ethereum Foundation (EF), the non-profit organization that supports the development and research of the Ethereum blockchain, shared in a blog post on Saturday that they have selected Hsiao-Wei Wang and Tomasz Stańczak as their new co-executive directors.The news follows Tuesday’s announcement of Aya Miyaguchi leaving that role to become the EF’s new president. The leadership shake-up follows intense debate among the community about the EF’s role in the ecosystem, as some have blamed the organization and its leadership for the blockchain’s token ether (ETH) price lagging behind other cryptocurrencies, while the blockchain attracted for the first time less new developers than its competitor Solana.Wang has been at the EF since 2017, where she helped do research on concepts like...
Cryptic Whale Emerges: $663M Bitcoin Hoard Resurfaces Via Pennies in Blockchain Dust
Following February’s detection of 1,549.25 dormant bitcoins roused from cryptographic hibernation, three microtransactions—originating from wallets dormant for seven years and eight months—unveiled a colossal whale harboring 7,787.23 BTC, valued at $663 million. Digital Breadcrumbs Lead to Half-Billion-Dollar Lair As of this update, bitcoin hovers near $85,140 per unit, its valuation stabilizing after a tumultuous weekSource link