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Institutional strategies focus on low-risk yield products and tokenised treasuries.
Mining companies delay expansion projects due to low crypto prices and high energy costs.
Crypto payment processors report record merchant sign-ups in Latin America and Africa.
Ethereum’s Shanghai Upgrade Completed Ethereum has successfully completed the Shanghai upgrade, which focuses on improving transaction speeds and reducing gas fees. This upgrade is part of Ethereum’s continuous effort to enhance its network’s efficiency and user experience. The successful implementation of the Shanghai upgrade is a pivotal moment for Ethereum. By reducing gas fees and increasing transaction speeds, Ethereum can offer a more efficient platform for decentralized applications, boosting its appeal to both developers and users  .
Gemini Settles with New York Attorney General Gemini has settled with the New York Attorney General, agreeing to pay $50 million. This settlement resolves issues related to the exchange’s security practices and regulatory compliance, allowing Gemini to continue its operations without legal hurdles. This settlement is a significant step for Gemini, potentially restoring investor confidence and ensuring the exchange’s stability in a highly regulated market like New York. By addressing these regulatory concerns, Gemini can focus on enhancing its platform and expanding its user base  .
Coco Coin, a new meme token inspired by the ‘Pepe the Frog’ meme, has launched with a unique engagement-based rewards system. Users earn Coco tokens by participating in social media activities such as liking, sharing, and responding to posts. The token also offers rewards in USDT and ETH for joining their Telegram channel and participating in airdrop campaigns. Coco Coin’s engagement-based model is innovative, potentially driving high user interaction and community growth. By rewarding social media engagement, Coco Coin leverages the viral nature of memes to attract a broader audience, making it a potentially lucrative investment for those interested in meme coins and social reward systems .
Solana Announces Major Network Upgrade Solana has unveiled a significant network upgrade aimed at improving scalability and reducing transaction costs. This upgrade will implement a new consensus algorithm and enhance the overall performance of the network. This upgrade is crucial for maintaining Solana’s competitive edge in the blockchain space. By addressing scalability and cost issues, Solana can attract more developers and projects, potentially driving significant growth and adoption within its ecosystem