Vitalik Buterin opposes Layer 3
The popularity of L3 is not supported by Ethereum co-founder Vitalik Buterin. Buterin recently "re-upped" his post on "Layer 3s" from a year and a half ago, explaining that while L3 may cut the cost of batch publishing and deposit/withdrawals slightly, it does not enhance throughput significantly. Vitalik has proposed accepting alternative "lighter" methods of cost savings.
No Layer 3 for Polygon: Polygon Labs CEO Marc Boiron claims that L3 will put Ethereum at risk by taking its value away, and the network will become insecure.
OTHER NEWS
Earn
Memecoin guess reward: Gateio has started a $1k daily guess campaign to predict Memecoin gain. Extra $50 new user bonus is also announced.
Blockchain
- TRON wants dismissal of SEC lawsuit : The TRON Foundation has now asserted that the US SEC is not a global regulator to control global platforms that offer digital assets to overseas consumers.
- China launches state-owned Blockchain : Recently launched Chinese government blockchain project is spearheaded by Conflux Network. It will refrain from backing any crypto tokens due to Government's ban.
Memecoins
Hayes supports Memecoins: BitMEX co-founder Arthur Hayes considers memecoin good for the blockchain networks they’re launched on.
Stablecoins
- SOC 2 Type 1 audit for Tether: Tether completes the AICPA developed SOC 2 Audit Type 1 standard on 1 April 2024.
- USDC movement in millions of Tokens: Whale tracker Whale Alert has tracked that the USDC Treasury minted 184.39 million USDC. Also, there were millions of tokens transaction on Ethereum.
Exchanges
- Bitkub's Thailand IPO plan : Thailand's largest exchange Bitkub plans for an IPO in Thailand in 2025 in order to expand its market.while facing competition from Binance and Kasikornbank.
- Binance Delists 15 tokens: In a strong move, Binance has delisted MDA, HNT, MITH, YFII, MIR, VRT, TCT, REP, EZ, SWRV, BOBA, SRM, RDN, CBK, and ONX. Withdrawal is supported till 20th March.
