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Rotation out of ETH into SOL causes another surge in bearishness

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The Ethereum FUD fires are burning hotter than ever as Ether has fallen against Bitcoin and Solana while developers are fighting the flames. 

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Coin Market

South Korea to ramp up oversight of cross-border crypto transactions: Report

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South Korea’s finance minister, Choi Sang-Mok, says the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime.

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Homeowner fails to sue insurer over $170K crypto theft in appeals court

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A United States appeals court said a federal court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss.

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Coin Market

Too early to say Ethereum L2s are ‘cannibalistic’ to revenue: Sygnum Bank

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Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022.

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