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Quick Take Aave DAO is considering launching a “savings” version of its GHO stablecoin, similar to Sky’s sUSDS token. The move comes amid a series of proposals seemingly aimed at driving GHO adoption.
Quick Take The bankrupt crypto exchange transferred 11,834 BTC to an unmarked address on Wednesday, marking the first larger transaction since late January. Arkham Intelligence data shows that it also sent 166.5 BTC to its cold wallet around the same time today.
Quick Take An additional $540,000 worth of UNI tokens have been set aside to fund “Cycle 3” of Uniswap’s “Delegate Reward Initiative. The program, instituted last year, will pay 15 approved delegates based on their voting participation rates and community engagement in a bid to improve protocol governance.
Quick Take Ethereum’s much-anticipated Pectra upgrade ran into another hurdle in its latest testnet release, which caused the network to stop processing transactions for several hours on Wednesday. Developers appear to have identified the issue and rolled out a fix, as blocks have once again started recording transactions.
Quick Take China increased fiscal stimulus by issuing 300 billion yuan in special treasury bonds to boost consumption, while also implementing monetary measures such as interest rate cuts and reduced reserve requirements. Historically, expansive stimulus and monetary policies have coincided with bullish trends in cryptocurrency markets.
Quick Take More details about the potential U.S. crypto reserve are set to come out of the White House’s Crypto Summit on Friday. Strategy co-founder Michael Saylor, Coinbase CEO Brian Armstrong, Kraken co-CEO Arjun Sethi and Chainlink co-founder Sergey Nazarov are among the industry leaders slated to attend.
Ethereum surges 5.5% to reclaim $2,200 after dipping below $2,000. Trump’s White House Crypto Summit raises concerns over Ethereum’s absence in key discussions. Analysts debate whether ETH’s rebound is sustainable or just a dead cat bounce.
Quick Take A model for the US crypto reserve is set to be revealed at the inaugural White House Crypto Summit on Friday, according to The Pavlovic Today. The President is interested in a bitcoin strategic reserve, while other tokens will be treated positively but differently, Commerce Secretary Howard Lutnick told the outlet.
- 02:24NFT public chain Mint Blockchain officially launched the official IP image: MintyPANews reported on March 5 that according to official news, the NFT public chain Mint Blockchain officially released its official IP image: Minty, which symbolizes luck and connection, shoulders the mission of connecting Web2 and Web3, and brings more unique interactive experiences to users. Officials revealed that Minty will be deeply integrated into the Mint ecosystem in the future and become an important role in promoting the popularization of NFT applications, user education, and ecological expansion. In addition, the first NFT Collection based on Minty IP was also released simultaneously. Minty NFT will become one of the core assets of the Mint ecosystem and will be airdropped to the earliest supporters first. A total of 10,000 Minty NFTs will be distributed to eligible community users: 1. The first 5,000 MintID staking users will automatically receive airdrop rewards in recognition of their long-term support for the ecosystem; 2. Next, the first 5,000 Mint-eNFT synthesis users (users who will participate in $MINT staking and re-staking in the future) will also receive Minty NFTs, which will be awarded to $MINT Staking participants.
- 02:23Worldcoin announces the launch of World Chat, a chat and remittance appGolden Finance reported that according to official news, Worldcoin announced the launch of World Chat, a new way to connect and remit with verified humans on World Network. This new feature is accessible through the World App wallet as "Mini Apps" and will provide special features for holders of the World Network digital passport. The digital passport allows users to exchange an iris scan for an account that verifies "proof of personality".
- 02:13Bitwise Research Director: The establishment of strategic Bitcoin reserves by the United States will encourage other countries to purchase BitcoinIn a message from ChainCatcher, Bitwise Research Director Ryan Rasmussen stated that the ultimate goal was never for the U.S. government to buy all Bitcoin. The implications of a strategic U.S. Bitcoin reserve are: · Other countries will purchase Bitcoin; · Wealth managers have no excuses; · Financial institutions have no excuses; · Pension/donation funds have no excuses; · Concerns about selling Bitcoin to the U.S. disappear; · The U.S. may buy more Bitcoins; · The likelihood of states buying Bitcoin increases; · The possibility of the government banning Bitcoin is zero. This will change everything in the long run.