Ethereum Upgrade and Crypto Market Updates
Ethereum successfully activated its Pectra upgrade on wednesday. Network finality was achieved at 6:18 am ET, following a tense period. Co-founder vitalik Buterin proposed using RISC-V architecture to enhance Ethereumβs performance and simplify its operation.
Former Binance CEO Changpeng βCZβ Zhao has started the process of seeking a presidential pardon from President Donald Trump after serving a four-month prison sentance for money laundering. He denied reports of exchanging Binance.US equity for a pardon.
Coinbase CFO Alesia Haas revealed the company purchased $150 million in cryptocurrency, mainly Bitcoin. CEO Brian Armstrong explained they considered putting most of the companyβs balance sheet into crypto but opted for a cautious approach. Coinbase also acquired Dubai-based Deribit for $2.9 billion.
microstrategy, led by CEO Phong Le and Executive Chair Michael Saylor, acquired 1,895 Bitcoin worth $180 million. The company now holds 555,450 BTC.
Steak βn Shake will accept Bitcoin payments across all U.S.locations starting May 16, benefiting over 100 million customers.
The EU is developing a system to monitor cryptocurrency transfers, applying anti-money laundering regulations to crypto transactions.
A U.S. District Judge dismissed most claims against celebrities sued for promoting FTX, stating investors failed to prove the stars knew about the exchangeβs fraudulent activities.
The SEC finalized a settlement with Ripple Labs, concluding a four-year litigation. Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen will pay a total of $50 million.
Alex Mashinsky, founder of celsius Network, received a 12-year prison sentence for fraud.
Arizona approved a law allowing the state to maintain unclaimed digital assets in their original form.
Movement Labs terminated co-founder Rushi Manche due to controversy over an undisclosed market-making arrangement.
The CFTC withdrew its appeal against prediction market Kalshi.
Doodles launched its DOOD token on Solana and unveiled DreamNet, an AI-powered
