Gelato secures $11M funding, adds Kraken’s Ink to rollup platform
The latest round brings Gelato’s total funding to $23 million as it aims to expand its smart-contract automation platform.
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Ethereum fees drop to a 5-year low as transaction volumes lull
Transaction costs on the Ethereum network have dropped to the lowest level in five years as the amount of activity on the blockchain is in a lull, according to the onchain analytics platform Santiment. Ethereum network fees are now around $0.168 per transaction and the reduction in fees coincides with fewer people sending Ether (ETH)

How will Bitcoin halving affect BTC price, and is DeFi dead?
Blockware Solutions account executive David Gamble told Market Talks host Ray Salmond that the crypto market will hit a $10 trillion market cap in the next few years. 430 Total views 23 Total shares On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future…

Binance to Undergo System Upgrade Tomorrow, Deposits, Withdrawals, Trading to Be Halted
Major crypto exchange Binance plans to undertake a scheduled system upgrade tomorrow that will prevent deposits, withdrawals, and trading for roughly six to eight hours, according to an official announcement published on May 14.Yesterday, the exchange’s CEO, Changpeng Zhao (CZ), had announced that the platform was planning to fully resume deposits and withdrawals today, which…

Adopting CBDC could destabilize banks, help households, US Treasury study says
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis. 257 Total views 3 Total shares Own this piece of history Collect this article as an NFTFully integrating a stablecoin or central bank digital currency (CBDC) into the economy would destabilize…

The fees sting but Uniswap v3 sees more volume on launch day than v2’s first month
Several users have aired complaints about the new version, especially its higher gas fees. 2836 Total views 15 Total shares The founder of Uniswap, Hayden Adams, has reported that the launch day of Uniswap’s v3 iteration was more successful than its predecessor in terms of volume.In a tweet on May 6th, Adams declared the launch…

Most fear since SVB collapse — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week with traders licking their wounds after a 10% snap crash.BTC price action is struggling to recover from a manic end to the days prior to the weekend, and the fear is palpable going into what could turn out to be an equally volatile few days.With $26,000 so far forming…

Ava Labs raises $350M at $5.25B valuation: Report
The raise comes as total value locked on the Avalanche blockchain remains steady at around $14.6 billion. 445 Total views 24 Total shares According to a report published by Bloomberg on Thursday, Ava Labs is en route to raising a new round of funding for $350 million at a valuation of $5.25 billion. Details of…

Ethereum Foundation shuffles leadership, splits board and management
The Ethereum Foundation, which backs the development of the Ethereum blockchain, has overhauled its leadership structure to separate the responsibilities of its management team and board of directors. The board will act as the “security council to protect the heart and soul” of the foundation and set visions for Ethereum, while the new management will