Coins.ph Celebrates 10th Anniversary with USDC Rewards Program
In celebration of its 10th anniversary, Coins.ph is offering an exciting promotion with up to 10% rewards on USDC stablecoins through the HODL and Earn program. This rewards initiative encourages users to hold USDC, supporting the broader adoption of stablecoins in the Philippine crypto market. As the local regulatory landscape evolves, such rewards programs help familiarize users with the benefits of digital asset management, and highlight Coins.ph's commitment to financial innovation. (BitPinas)
Crypto Fear & Greed Index Soars Amid Market Optimism
The Crypto Fear & Greed Index has surged to its highest level since Bitcoin’s 2021 all-time high, reflecting heightened investor optimism. This spike correlates with increased institutional interest and more favorable regulatory environments. However, experts caution that such a surge in greed could signal an impending market correction. Investors are advised to stay vigilant as the market sentiment fluctuates between fear and greed. (CoinDesk)
BSP’s CBDC Plans: Excluding Blockchain for Scalability Concerns
In a notable update, the Bangko Sentral ng Pilipinas clarified that its upcoming CBDC (Central Bank Digital Currency) will not leverage blockchain technology. Deputy Governor Diwa Guinigundo stated that the decision was made due to scalability challenges, emphasizing the importance of alternative technologies that can efficiently support digital currency issuance. This announcement sheds light on how the BSP is preparing for the future of digital currency without relying on blockchain's infrastructure. (BitPinas)
Ethereum Gas Fees Hit 8-Month High Amid ERC-404 Craze
Ethereum’s gas fees have reached an 8-month peak, driven by the increased use of the ERC-404 standard. This surge in fees is largely due to NFTs and decentralized finance (DeFi) protocols, which have intensified competition for transaction block space. This highlights Ethereum’s ongoing scalability issues and its struggle to keep up with growing demand for decentralized applications. As Ethereum looks to scale with future updates, these gas fee hikes could affect user adoption. (Cointelegraph)
Uniswap V2’s Cross-Chain Expansion Plans
Uniswap V2 is nearing a crucial decision regarding its potential cross-chain expansion, which could open the door to additional blockchains beyond Ethereum. A successful proposal would allow Uniswap to operate in a multi-chain ecosystem, enhancing liquidity and user accessibility. If approved, this move could reshape the decentralized finance (DeFi) landscape, offering more opportunities for liquidity providers and traders alike. (DL News)
Crypto Market Hits $2 Trillion Cap: A Milestone for the Industry
The collective crypto market cap has surpassed $2 trillion, signaling a new era of growth and institutional participation. This milestone comes amid growing retail investment and the increasing use of cryptocurrencies for diverse applications. With Bitcoin maintaining its dominance, altcoins also play a pivotal role in expanding the market’s reach. (BeInCrypto)
Ethereum ETF: Franklin Templeton’s Strategic Move
Franklin Templeton has proposed launching an Ethereum ETF (Exchange-Traded Fund) to give investors more exposure to the second-largest cryptocurrency by market cap. This move is indicative of growing institutional interest in Ethereum and a broader trend of embracing digital assets within traditional financial markets. (Blockworks)
Avalanche’s Durango Upgrade: Enhancing Interoperability
Avalanche has introduced its Durango upgrade to improve interoperability between Ethereum Virtual Machine (EVM) chains. This update is designed to facilitate trustless communication across different blockchain networks, further advancing Avalanche’s vision of a decentralized and efficient blockchain ecosystem. The upgrade is expected to reduce the reliance on intermediaries, simplifying cross-chain transactions for developers and users. (Crypto Briefing)
