Central Banks Successfully Test DLT in Linking Financial Settlement Systems

The experiment, called Project Meridian, shows it’s possible to settle large synchronized transactions in central bank money, a report said.Source

Ethereum Fees Spike as Bots Spend Millions to Frontrun Punters of PEPE, CHAD

An entity connected to a wallet named “jaredfromsubway.eth” is sandwiching crypto traders, mainly those betting on tokens such as pepe and chad.Source

First Mover Asia: Bitcoin Rally Stalls Above $30K; Ether Hits $2.1K

ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin’s recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.Source

What’s in the House Financial Services Committee’s Stablecoin Bill?

The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while calling for a temporary ban on algorithmic stablecoins.Source

A Mysterious A16z Tweet Sparked a Rally in Crypto Project Optimism’s OP Token

The tweet spurred speculation that the notable venture capital firm could launch its own Optimism-based layer 2 blockchain. A16z crypto’s CTO tweeted: “not an L2.”Source

Lido Considers Using Its ARB Airdrop to Boost Activity on Arbitrum

A new proposal would see Lido accept its $1.2 million in ARB tokens and reward them to liquidity providers in wrapped staked ether pools.Source

Rocket Pool Made It Cheaper to Stake ETH Through Its Platform Following Ethereum Shanghai Upgrade

On Monday, the decentralized Ethereum-based staking protocol deployed Atlas granted users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.Source

Crypto Companies May Use a Supreme Court Doctrine to Push Back Against SEC: Lawyer

Crypto firms are using the major questions doctrine as a way to fend off regulators, Jason Gottlieb, a partner at Morrison Cohen LLP, said.Source

The Biggest Crypto Bull Cycle Is Upon Us: Bernstein

Macro catalysts are lining up for bitcoin, Bernstein’s latest report said.Source

Crypto Exchange Bybit Opens Global HQ in Dubai

Crypto exchange ByBit has opened its global headquarters in Dubai, nearly an year after it had revealed plans based on an in-principle approval to move its global headquarters to the city.Source