Near to Participate in TOKEN2049 in Dubai

Near is set to participate in the TOKEN2049 conference in Dubai on April 18th-19th. The event will see the participation of their representative who will discuss topics related to AI and Web3. Refer to the official tweet by NEAR

📈 Neko Forecasting $NEAR for short-term correction and bounce from current marked demand zone for buy position.

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💰 Coinbase Takes on the Mantle of EigenLayer's operator

Ethereum holders now have the option to delegate their coins to Coinbase for participation in the EigenLayer protocol, enhancing the validation of Ethereum blockchain services through a process known as restaking.

The restaking mechanism involves users transferring their staked ETH to EigenLayer's ecosystem operators, including Coinbase, in return for extra rewards. These operators employ the staked assets to validate transactions across various services.

The ranks of EigenLayer operators have already been bolstered by the inclusion of industry heavyweights like Google, Deutsche Telekom, and HashKey Cloud.

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Uniswap vows to contest SEC’s legal threat

The US Securities and Exchange Commission sent a Wells notice to Uniswap Labs, threatening enforcement action against the company behind the leading decentralized exchange , Fortune reported on Wednesday. Uniswap confirmed the report, stressing that it would fight back. Responding to the SEC’s move, Uniswap’s founder Hayden Adam said he was not surprised, only "annoyed, disappointed," but is "ready to fight" as he believes Uniswap's products are legal and beneficial.

"I am confident that the products we offer are legal and that our work is on the right side of history," stated Adam. Adam urged the community to unite and fight for the future of DeFi, which he believes is "worth fighting for." Uniswap’s founder added that all users participating in the vote will be eligible for future on-chain DAO rewards.

Following the announcement, Uniswap's UNI token price plummeted nearly 11% and shows no signs of immediate recovery, according to CoinGecko data.

📈 Neko Forecasting $UNI for short-term correction and bounce from current marked demand zone for buy position.

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🪙Bitget exchange volume topped $1.6T in Q1

Futures and spot volume on crypto exchange Bitget topped $1.4 trillion and $160 billion in the first quarter, growing substantially from the $658 billion in futures trading volume and $59 billion in spot trading volume, respectively, in Q1 of 2023.

According to its Q1 2024 report released on April 11, the exchange now has more than 25 million users through its trading platform and Web3 wallet. “Q1 2024 has been notable for several key developments in crypto,” the exchange wrote, adding: “February saw a robust market recovery, with Bitcoin soaring to unprecedented heights. Together with the buzz around Solana and advancements in the AI [artificial intelligence] sector, this underscored the market’s dynamic nature.”

According to research from CCData, the exchange’s derivatives market share grew by nearly 2.5% in March, the highest among all centralized exchanges. “Among the top 12 derivatives exchanges, Binance leads with a market share of 47.0% of total volumes in March,” researchers wrote. This was followed by OKX with a market share of 21.8% and Bitget with a dominance of 12.8%.” Simultaneously, the open interest of futures and derivatives on Binance, OKX and Bitget grew by 37.8%, 34.7% and 104%, respectively, in March 2024.

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ARPA Partners With Cradles

ARPA partners with Cradles, an AAA MMORPG blockchain game known for its unique blend of PvP, PvE, and ecological strategy gameplay. Refer to the official tweet by ARPA

📈 Neko Forecasting $ARPA for short-term correction and bounce from current marked demand zone for buy position.

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Threshold Network Token to Participate in ETHDam in Amsterdam

Threshold Network Token will participate in the ETHDam conference, which is set to take place in Amsterdam from April 12 to April 14. Refer to the official tweet by T

📈 Neko Forecasting $T for short-term correction and bounce from current marked demand zone for buy position.

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🤖 EigenLayer introduces six actively validated services including restaked rollups and Ethereum-native oracle

EigenLayer has expanded its ecosystem by launching six new actively validated services , marking another phase in its development with the mainnet phase 3 rollout.
This expansion follows the initial introduction of EigenDA, EigenLayer’s first AVS. The new AVSs introduced include AltLayer, Brevis, Eoracle, Lagrange, WitnessChain, and Xterio. These services represent a broad spectrum of functionalities designed to address various needs within the Ethereum ecosystem.

EigenLayer expands actively validated services

These services will be secured with EigenLayer’s restaking protocol. Restaking allows users to employ their staked ETH — or a corresponding liquid staking token — on EigenLayer for restaking purposes. EigenLayer then allocates this ETH to secure third-party applications, termed actively validated services, thereby broadening Ethereum’s security framework.

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EtherFi Inks $500M Restaking Deal With RedStone Oracles

RedStone Oracles, which provides data feeds for blockchains, is among a growing field of "actively validated services" waiting to tap into EigenLayer, the buzzy new «restaking» protocol that lets upstart networks borrow Ethereum's security. On Friday, RedStone announced that it had sealed a $500 million deal with Ether.Fi, the largest liquid restaking service on EigenLayer, to help power its oracle protocol.

"A subset of over 20,000 node operators from Ether.fi will manage RedStone's Actively Validated Service and employ Etherfi’s native liquid restaking token - eETH," the companies said in a joint statement, "The restaked Ether will serve as a safeguard against both liveness failures and crypto-economic attacks within the network of RedStone's node providers".

A similar agreement was announced in March, with EtherFi committing $600 million worth of its stake to Omni, an AVS network designed to help layer 2 rollups communicate with each other.

EigenLayer's has racked up over $15 billion in deposits in total, but the version live on Ethereum's mainnet is still lacking several core features.

📈 Neko Forecasting $Ether.fi for short-term correction and bounce from current marked demand zone for buy position.

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💩 Ethereum’s L2 boost in scalability surpassed 1.000% since Dencun update

The "Blobs" introduced in Ethereum's recent Dencun update made layer-2 (L2) blockchains boost the network scalability by over 11 times, according to a report by Brazilian digital bank Inter. Blobs are spaces within Ethereum blocks dedicated to receiving data from L2 chains, such as Arbitrum, Optimism, and Base.

The report mentions a significant growth in Base's transactions per second (TPS) count, which reached 300 to 400 TPS since Dencun. On average, L2 networks registered an average of 156.12 TPS since March 13, which is over 11 times more than Ethereum's 14.35 average TPS in the same period.

However, Base was the only Ethereum L2 chain that registered significant growth in trading activity since Dencun, with its dominance in weekly trading volume jumping from 1.47% to 6.45%.

The Dencun update effectively acts as a "subsidy policy" for block space, with a unique fee mechanism tailored to the needs of second-layer solutions. This strategic move has enabled these networks to process a higher number of transactions at reduced costs, thereby enhancing their scalability, diminishing transaction expenses, and attracting new users.

While the Dencun update is a leap forward for Ethereum, its full economic impact remains to be seen, as highlighted by Inter analysts. Future updates are already in the pipeline, aiming to further refine the network's efficiency and security.

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