• This article looks at the Bitcoin active addresses metric, which measures daily transaction activity on the chain. • Recent data suggests that demand for Bitcoin has been returning, but the rise has been slower than what previous cycles saw at a similar stage. • The metric hasn’t moved much in recent weeks, though there
• Binance, the largest crypto exchange, is reportedly considering ending relationships with U.S.-based business partners due to tightening regulations by the Securities Exchange Commission (SEC). • SEC alleged that BUSD, a stablecoin pegged to the US dollar, is a security and sued crypto firm Paxos. • Binance CEO Changpeng Zao denied allegations of moving $400
• China is set to launch a research center for blockchain innovation. • The focus of the research will be on basic blockchain theory, key technologies, and their software and hardware. • The Chinese government has already launched e-yuan (e-CNY) across the country to promote the CBDC project. China Establishes National Blockchain Innovation Center China
• Shiba Inu has been in the headlines lately due to its upcoming Shibarium upgrade. • Recently, Whale Alerts noted several multi-billion SHIB transactions by Binance to an unknown wallet. • Despite these transfers, SHIB’s price has not been affected and is currently surrounded by hype around its Shibarium L2 scaling solution and FCF’s added