Web3 🌒 Saturday Crypto Chronicles: Nouns Fork, Bitcoin Trusts, Ethereum Staking, and Base's Triumph
1/ ✨ Noun Token Holders Fork Project, Exit $27 Million in Treasury.
2/ 🌟 BitGo and Swan Launch Bitcoin-Only Trust Company.
3/ ⚡️ Ethereum Liquid Staking Platforms Surge.
4/ 🔥 Coinbase's Base Blockchain Surpasses Competitors.
For further details, let's keep reading! 👇
Welcome to today's Web3 updates. From the Noun token holders' fork, expressing their concerns, to BitGo and Swan's collaboration to create a Bitcoin-only trust company, and the remarkable surge in staked Ethereum on liquid staking platforms, the crypto realm is buzzing with activity. Not to be outdone, Coinbase's native blockchain, Base, has achieved an impressive milestone. Let's delve into these developments, explore the dynamic nature of the crypto space and its potential to redefine the financial landscape.
1/ Noun Token Holders Fork Project, Exit $27 Million in Treasury. ✨
A group of disgruntled Noun token holders has executed a fork, resulting in an exit of $27 million from the project's treasury. This move comes as a response to concerns about the project's management and direction. Such actions within the NFT space highlight the growing influence of community-driven decision-making and the power of NFT holders to shape the future of their investments. The Nouns fork serves as a reminder of the dynamic and evolving nature of the crypto ecosystem, where participants actively assert their rights and voice their concerns in pursuit of a fair and transparent digital landscape.
Andrew Hayward
2/ BitGo and Swan Launch Bitcoin-Only Trust Company. 🌟
BitGo and Swan have joined forces to introduce a Bitcoin-only trust company. This collaboration showcases the growing demand for Bitcoin-focused financial services and investment products. The trust company will offer investors a secure and compliant way to gain exposure to Bitcoin, further legitimizing the digital asset in the traditional financial sector. With Bitcoin's increasing adoption and recognition as a legitimate store of value, such initiatives are likely to become more prevalent, bridging the gap between the crypto and traditional finance worlds.
Ana Paula Pereira
3/ Ethereum Liquid Staking Platforms Surge. ⚡️
Ethereum's liquid staking platforms have experienced a significant influx, with over $1 billion worth of ETH being staked in just 20 days. This rapid growth brings the total staked Ethereum close to a remarkable milestone of 12 million ETH. Liquid staking allows ETH holders to participate in staking while still having the flexibility to use their assets in various DeFi applications. This surge in staked ETH underscores the growing interest in Ethereum 2.0's transition to a proof-of-stake network and reflects the broader enthusiasm for staking as a means of earning passive income within the crypto ecosystem.
Jamie Redman
4/ Coinbase's Base Blockchain Surpasses Competitors. 🔥
Coinbase's native blockchain, Base, has achieved a significant milestone by recording a record high in daily transactions, surpassing its competitors. This surge in activity highlights Base's growing adoption as a blockchain platform, underlining Coinbase's commitment to expanding its ecosystem. With Base's ability to handle increased transaction volumes efficiently, it positions itself as a formidable contender in the blockchain space, offering users a platform for various decentralized applications and financial services.
Lyllah Ledesma
Inconclusion: As the crypto world continues to expand and adapt, it is essential to stay tuned to these exciting developments that are shaping the future of digital finance.
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
