That’s according to new research compiled by Blocknative, a company that specializes in preventing or minimizing the impact of MEV, which stands for “maximal extractable value” – the profits that can be siphoned off by fast-moving software bots that can quickly enter into trades to skim margin off of transactions that are sitting in the network’s public queue, waiting to be processed. Source
The leading U.S. economic indicators are still pointing to a slowdown, but no longer signal a recession, data from the Conference Board, a nonpartisan and non-profit research organization, showed Tuesday. That’s a positive sign for risk assets, including cryptocurrencies. Source
“While we’re starting with tokenization, that’s not where we’re ending,” Milrod said in an interview. “As soon as the U.S. regulations help us out, we will be providing digital custody services as well. We know how to be a custodian. We don’t do that on our balance sheet. We do that off-balance sheet. They’re not our assets.” Source
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“It is a potential multi-year agreement and a minimum one-year/season deal,” a Floki team member told CoinDesk in an interview. “Regarding the benefits to Floki holders, there are many such as increased brand awareness & recognition as well as the exposure to our ecosystem and community.” Source
“We have seen both NYSE and NASDAQ withdraw their applications to list BTC ETF options over the past 72 hours, adding more headwinds to wider mainstream adoption at least in the short term,” Augustine Fan, head of insights at SOFA.org, said in a Telegram message. “TradFi continues to be cautious with ETF ETH buying on the lack of clarity over staking legalities,” Fan added, referring to ether’s (ETH) underperformance compared to bitcoin in the past week. Source
Mango Markets’ governing body is looking to offer a settlement to the SEC. Source
A Democratic mega-donor is leaving a top crypto Super PAC over the group’s plan to defeat a Democratic Senator. Ron Conway told other donors in an email that he disagreed with Fairshake, the best-funded crypto Super PAC, spending $12 million to unseat Senator Sherrod Brown (D-Ohio) in November. The email was first reported by Politico. Conway, a venture capitalist, donated $500,000 to Fairshake in December along with a who’s who of other elite tech figures. He said going after Brown would undermine efforts by Senate Majority Leader Chuck Schumer, a…
“Indeed, if the SEC is granted permission to file a sur-reply addressing the various common enterprise tests (which were not addressed in any prior pleading), Defendants will need sur-sur-reply to state our position on this new issue,” the letter from Tron’s attorney read. “In other words, the SEC asks for three pages to respond to an issue of its own devise.” Source
2024 is the year when account abstraction (which hides from users some of the technical wiring of blockchain transactions) picked up across Web3. The realization that the current Web3 user experience may not be compelling enough to persuade mainstream users to transition from Web2 has recently generated a lot of attention. Today, there are a large number of companies focusing on UX and account abstraction. At the same time, we’re seeing ERC-4337, the 2023 Ethereum upgrade focused on exactly this, really finding adoption with a wide range of projects, including…