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
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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
‘Pepe the Frog’ Memecoins Rocket as Crypto Twitter Moves Over Doge Obsession
Some early users have turned a few hundred dollars into six figures on the latest meme obsession.Source