🪙 Vitalik Buterin Says Layer 3s Won’t Magically Increase ThroughputEthereum co-founder Vitalik Buterin has re-upped his post from 1.5 years ago on “Layer 3s”, saying that L3s won’t magically increase throughput. Still, they can reduce certain fixed costs associated with batch publishing and deposits or withdrawals. In one of them, Layer 2 is responsible for scaling, while Layer 3 focuses on customizing functionality. While this doesn’t directly enhance scalability, it allows applications to scale through L2s while dissecting layers to meet specific operational requirements for diverse use cases.

Source

https://t.me/Crypto_Bitcoin_Blockchain

💰 Spot Bitcoin ETFs return to net daily outflows; Grayscale’s GBTC total outflows eclipse $15 billionThe combined U.S. spot Bitcoin exchange-traded funds returned to net outflows on Monday, having recorded net inflows every trading day last week, totaling $860 million. Inflows of $165.9 million from BlackRock’s dominant IBIT ETF were not enough to help overcome $302.6 million in outflows from Grayscale’s converted GBTC fund, leading to a total net outflow of $85.7 million yesterday, according to CoinGlass data.

Source

https://t.me/Crypto_Bitcoin_Blockchain

💰 Over 5% of Bitcoin’s circulating supply now held in ETPsAccording to data from the Bold Report, Bitcoin exchange-traded products (ETPs) have achieved a significant milestone, accumulating over 1 million BTC. This translates to an impressive $74 billion in assets under management (AUM). This accumulation represents more than 5% of Bitcoin’s circulating supply, which is approximately 19.7 million Bitcoin.

Source

https://t.me/Crypto_Bitcoin_Blockchain

🇰🇷 Trading Volume on South Korean Crypto Exchange Upbit Crashes 75% 📉

Daily trading volume on South Korea's biggest cryptocurrency exchange has tumbled 75% from this year's high in a sign that frenzied trading in alternative cryptocurrencies (altcoins) has fizzled and digital assets other than market leaders bitcoin (BTC) and ether (ETH) may struggle to maintain lofty valuations. Upbit, which lists 192 cryptocurrencies and offers trading in 309 pairs, registered just $3.79 billion of volume in the past 24 hours, according to data source CoinGecko.
Source

https://t.me/Crypto_Bitcoin_Blockchain

🪙 Vitalik Buterin emphasizes need for parallelization, internal scaling in Ethereum rollupsEthereum co-founder Vitalik Buterin has put a spotlight on the need for internal scaling and parallelization within Layer 2 rollups. This call to action from Buterin in his Thursday blog post comes after the Dencun hard fork took place earlier this month, which introduced a crucial improvement known as EIP-4844 aimed at drastically reducing transaction fees for Layer 2s.

Source

https://t.me/Crypto_Bitcoin_Blockchain

📣 Google now allows wallet address searches for Bitcoin, Fantom, Arbitrum and othersGoogle now allows users to search balances of wallets on Bitcoin, Arbitrum, Avalanche, Optimism, Polygon and Fantom blockchain. The search results when typing in wallet addresses display the remaining token balance in the wallet per network and the time the balance was last updated. “Balances show only the native token for each network. Last updated timestamp shows balance as of last external transaction. Updates are not instantaneous,” Google noted in its search results.

Source

https://t.me/Crypto_Bitcoin_Blockchain

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💰 Bitcoin options open interest for March expiry on Deribit hits record levelsOver $9.5 billion worth of bitcoin options open interest is set to expire this week on the Deribit cryptocurrency derivatives exchange. This makes Friday's end-of-month expiry one of the largest the leading crypto derivatives exchange has ever seen. "This Friday marks one of the biggest expiries in Deribit's history as $9.5 billion bitcoin options open interest out of $26.3 billion will expire, or 40%," Deribit analysts said in a note sent to The Block.

Source

https://t.me/Crypto_Bitcoin_Blockchain

💰 Ripple needs to pay $1.95 billion in fines, SEC says in proposed final judgmentThe Securities and Exchange Commission wants Ripple Labs to pay close to $2 billion and asks a New York court to weigh the "severity" of the firm's misconduct. In a proposed final judgment filed on Monday, the SEC asked Judge Analisa Torres to approve the fine, which includes $876 million in disgorgement, $198 million in prejudgment interest and a civil penalty of $876 million.

Source

https://t.me/Crypto_Bitcoin_Blockchain