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The Korea Institute of Finance’s latest report on spot crypto ETFs said such types of funds may weaken the local economy.South Korean regulators currently prevent local issuers from launching crypto ETFs.
Quick Take Light Protocol and Helius Labs have introduced “ZK Compression” to further scale applications on the Solana network. ZK Compression utilizes state compression to store data in Solana’s cheaper ledger space instead of the more expensive account space.
Here’s what you need to know about Ripple’s legal woes as of June 24th.
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The S&P 500 and the Nasdaq Composite both reached new peaks last week.
Quick Take The median daily gas price on the Ethereum network hit its lowest level since 2020 on Saturday, making a strong case for Layer 2 networks easing the burden of sending a transaction on mainnet. Simultaneously, Bitcoin mining revenue per hash has also approached record lows both this month and last month as miners feel the impact of the latest halving event.
- 15:50Spot gold reaches new high, now at $3086.45March 28 news, according to gold ten reports, spot gold continues to refresh the record high, now at 3086.45 U.S. dollars, up nearly 1% during the day
- 15:39Greeks.live: ethereum falls below $2,000 key support level as traders are generally bearishMarch 28 (Bloomberg) -- Greeks.live analyst Adam says traders are generally bearish on ethereum, citing weakness in ETHBTC and a drop in ethereum price below the $2,000 key support level. Most see selling Ether calls as one of the best strategies in the near term, while Bitcoin is seeing some support above $85,000. On the options trading front, most see the calendar spread strategy (selling close and buying far) as advantageous in the current ethereum market, especially after today's massive options expiration. Meanwhile, the Bitcoin price has been supported above $85,000. According to analysts, this is mainly attributed to the buying protection of around 1,500 bitcoins on the Coin Exchange, as well as the hedging behaviour of market makers. Several traders shared their recent experience that it is safer to adopt an option hedging strategy than to keep price exposure, especially in light of the current increased market uncertainty.
- 15:06BTC falls below 84,000 USDTBTC fell below 84,000 USDT and is now at 83,999 USDT, down 3.72% in 24H, according to ticker data.