On-chain DNS “.box” domains have been integrated with the ENS decentralized protocol to unlock new opportunities for Web3 identities, Ethereum protocol developers said. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Box Domains integrates with ENS
📍Developers of Ethereum’s decentralized domain name protocol, Ethereum Name Services (ENS), announced the successful integration of “.box”, an ICANN-accredited top-level domain (TLD). Through
Thanks to this integration, ENS can begin to close the gap between Web2 and Web3, the developers said. For ENS, the integration of the “.box” domain marks an important step in its journey towards the decentralized future of domain names.
The integration of “.box” domain names is fundamental for building the decentralized web, mainly because these already combine the traditional domain name system, DNS, with Web3, so these domain names not only provide a name for websites or a server for email , but also provide a unique Web3 identity.
Forecasts for Ethereum ETFs remain pessimistic
📍ETF experts predict that the SEC will reject Ethereum spot ETFs. Eric Balchunas and James Seyffart, ETF analysts at Bloomberg, pointed out that, despite all the interesting moves that fund managers are making regarding Ethereum exchange-traded funds, it is quite likely that the Securities and Exchange Commission (SEC) of the United States does not approve them.
The market is awaiting the SEC's decision next month regarding Ethereum spot ETFs, while fund managers seeking regulatory approval continue to strive for approval. Still, experts said the forecast remains pessimistic, due to the SEC's lack of action.
On Tuesday, the securities regulator delayed its decision on funding applications that were made by Grayscale Investments and Franklin Templeton, while Grayscale and BlackRock filed new prospectuses with the regulator. On this, Balchunas commented that managers are making big moves to get the attention of the SEC, but that they are probably in vain.
Both experts' odds of the SEC approving Ethereum spot ETFs in May are about 25%. On the other hand, analysts at Standard Chartered also published a note indicating that the SEC is unlikely to approve Ethereum exchange-traded funds this year.
MetisDAO has launched new crypto mining features
📍Ethereum self-sustaining scalability solution MetisDAO has released a new update to its decentralized sequencer Sequencer. This new update, known as Phase 2 of Sequencer, integrates mining features, allowing users to stake METIS tokens through LST providers, who will operate the sequencer nodes on the protocol.
Binance loses 25% of its Bitcoin market share in the US
📍According to data from Kaiko, a cryptocurrency data analysis platform, Binance has lost about 25% of Bitcoin market share in the United States in recent months. Data from the platform shows that, in the last year, the exchange's Bitcoin market share in the US market rose from 81% to 55%, as competition in the cryptocurrency sector has grown and diversified.
Regarding altcoins, Kaiko data shows that the market share of Binance's alternative cryptocurrencies to Bitcoin has also declined in recent months, falling from 58% to 50,5% in the last year.
According to analysts, the reduction in the exchange's market dominance is also related to the sanctions that financial regulators in the United States and other countries have imposed against the platform. As reported This time, Binance faces a fine of $1.810 billion and a confiscation of $2.510 billion in the United States, following a lawsuit filed by the Department of Justice for violating securities market laws in the country. This lawsuit also cost Changpeng Zhao the resignation as CEO of the platform.
In addition to this, Binance is also facing recent actions from financial regulators in other countries, such as Nigeria and the Philippines, calling for its prohibition.
Tesla continues to keep its bitcoins
📍Tesla's quarterly report shows that the electric car manufacturer continues to keep its bitcoins. In the last quarter, Tesla has not sold any of the bitcoins it keeps in its treasury. This is stated in the recent report presented by the company.
Tesla began investing in Bitcoin in 2021, becoming one of the first companies to own the cryptocurrency. However, after several months, in 2022, it sold a large part of its holdings, motivated by the macroeconomic situation and myths about the environmental impact of BTC. However, after this sale, the company has been conserving the rest of your bitcoins.
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