Ethereum Ecosystem Sees 9X User Surge Since 2020 as VanEck Forecasts $22K by 2030
Ethereum has seen a ninefold increase in daily active users since 2020, fueled by Layer 2 solutions like Arbitrum and Polygon. VanEck analysts forecast Ethereum's price could reach $22,000 by 2030, driven by rising interest from traditional finance and the potential approval of spot Ether ETFs. Despite fewer users than Layer 2 networks, Ethereum leads in fee generation, positioning it for significant growth. (Cointelegraph)
DICT Launches eGOVchain: Transforming Philippine Governance
The Philippine Department of Information and Communications Technology (DICT) has introduced eGOVchain, a blockchain initiative designed to enhance transparency and security in public transactions. This pioneering project positions the Philippines as a potential leader in government blockchain adoption. As part of broader digitalization efforts, eGOVchain aims to establish additional nodes in partnership with the private sector, significantly safeguarding sensitive government data and streamlining processes to reduce fraud. (BitPinas)
Paxos Launches Yield-Bearing Stablecoin USDL in Argentina
Paxos International has introduced USDL, a yield-bearing stablecoin in Argentina, offering approximately 5% daily yield. Backed one-to-one by the U.S. dollar, USDL is regulated by the FSRA of Abu Dhabi Global Market. Though not available in all jurisdictions, it aims to empower the unbanked and underbanked while targeting growth in the stablecoin market over the next five years. (The Block)
Notcoin's $1M Reward Announced
Notcoin has unveiled a $1 million reward for pre-market traders, distributing 40 million NOT tokens to initial voucher holders. This announcement follows a surge in Notcoin's value, with eligible users receiving around $170 in NOT tokens per voucher, enticing more investors. (Decrypt)
Tether Fuels Financial Inclusion with $18.7M Investment in XREX
Tether has invested $18.7 million in XREX Group to enhance cryptocurrency adoption and financial inclusion. XREX plans to launch a Tether Gold-backed stablecoin for secure cross-border payments while developing regulatory technology to combat illegal stablecoin use, advancing responsible financial practices. (Crypto Briefing)
Polygon Labs Boosts ZK Capabilities with Toposware Acquisition
Polygon Labs has bolstered its zero-knowledge (ZK) capabilities by acquiring Toposware, its third major investment in ZK technology. This acquisition aims to accelerate ZK-based solutions, including the Type 1 zkEVM prover, enhancing Ethereum's functionality and streamlining transactions across Layer 1 blockchains. (Crypto Briefing)
Sotheby's 'Gold Fur' Auction Set to Test Art World
Sotheby's is set to auction rare Bored Ape NFTs, including gold-furred variants, testing the art world's demand for these digital assets. The auction features Ape #8552, once owned by Three Arrows Capital, and is expected to attract collectors due to the rarity and provenance of these NFTs. (Decrypt)
