Since Ethereum moved from proof-of-work to proof-of-stake in 2022, it has become a deflationary asset. The total circulating supply of Ethereum (ETH) currently stands at 120,105,358 ETH, representing a 415,680 ETH decrease from the supply levels observed before The Merge. However, over the past 30 days, Ethereum’s supply dynamics have shifted, with 35,548.72 ETH being The post Ethereum has been increasingly inflationary for over a month as fees hit all-time low appeared first on CryptoSlate.

Magic Eden has surpassed Blur to become the top NFT marketplace in terms of trading volume, marking a significant shift in the competitive landscape of digital asset exchanges. This development comes as Blur, previously a dominant player in the Ethereum-based NFT market, sees a decline in its market share. According to DappRadar’s Dapp Industry Report The post Ordinals sales elevate Magic Eden to top NFT marketplace surpassing Blur by $108 million appeared first on CryptoSlate.

Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG). The key focus of the amendments is to bring virtual assets and virtual asset service providers firmly under the oversight of Taiwan’s The post Taiwan revises money laundering act to include digital assets appeared first on CryptoSlate.

The Wall Street Journal published an exclusive report on May 9 alleging that Binance, the world’s largest crypto exchange, fired the head of its market surveillance team after he raised concerns about potential market manipulation by a high-profile client. According to former Binance insiders interviewed by the Journal, the surveillance team had detected suspicious trading The post Binance accused of firing whistleblower for internal market manipulation report appeared first on CryptoSlate.

Paolo Ardoino, the Chief Executive Officer of Tether and co-founder of peer-to-peer platform Holepunch, recently hinted at plans to potentially develop a “Pear Phone” in the future. In an X post, Ardoino floated the idea of building an Android-compatible phone based on the Android Open Source Project (AOSP). The device would come pre-installed with Holepunch’s The post Tether CEO Paolo Ardoino teases potential Pear Phone powered by P2P apps appeared first on CryptoSlate.