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GMX will update the method used to calculate Open Interest (OI) balance on December 22.Under the new approach, OI will be calculated based on the notional value of open positions, rather than the USD value at the time positions were opened. The change aims to better reflect the actual exposure repre…
XRP, one of the most popular altcoins, is in the red on every single timeframe, according to recent data provided by CoinGecko. It is down 3.1% over the past 24 hours, 7.1% over the past week, nearly 19% over the past month, and nearly 12.5% on a year-to-date basis. Such underperformance is quite st…
Last week, Uniswap Labs and the Uniswap Foundation unveiled a joint "UNIfication" proposal to activate protocol fees, introduce a UNI burn component, including a retroactive burn, as well as streamline governance. Under an earlier 2024 concept, protocol fees would have accrued to staked-and-delegate…
The US Office of the Comptroller of the Currency (OCC) issued guidance to banks confirming their authority to hold specific cryptocurrencies for the purpose of paying network gas fees.In a Tuesday notice, the OCC said US banks were allowed to hold crypto on their balance sheets to pay network, or ga…
Banks can pay gas fees and hold cryptocurrency needed to pay those network fees, according to a new letter from the Treasury Department's Office of the Comptroller of the Currency.The OCC, which oversees banks, said banks may have to pay network fees as part of doing business and hold crypto on bala…
Giggle Fund will start burning tokens by using 50% of all trading fees from Giggle pairs to buy $Giggle, which is then partly burned and partly donated. Burning tokens lowers the total supply. If there is strong demand, lower supply can help the price move up. Also, regular burns build trust with us…
Despite growing blockchain activity on Ethereum, gas fees on the world’s largest smart contract network remain near historic lows, signaling a more mature and scalable infrastructure ready for advanced real-world use cases.Ethereum transaction fees remained at a historic low of just 0.16 gwei, or ab…
GMX has launched token bridging on Stargate Finance, enabling seamless transfers of GMX across multiple blockchains, including Solana. The integration marks a significant step toward cross-chain interoperability, supported by LayerZero infrastructure, allowing users to move GMX tokens efficiently be…
Bitcoin’s fee market has entered an unusual phase, raising questions about the fate of the fees and their implications for the network’s economic security. Since the decline in non-monetary activity like Ordinals and Runes in late 2024, on-chain usage has dropped sharply.The result has been a growin…
A group of crypto and fintech executives has urged US President Donald Trump to block banks from charging fees for access to their customer data, arguing it stifles consumer choice.The letter sent to Trump on Wednesday accused large banks of looking to “preserve their market position by imposing exo…
Coinbase will start levying a 0.1% fee for conversions of the stablecoin USDC to US dollars for net conversions above $5 million, as the crypto exchange has recently struggled with its earnings.Starting Aug. 13, Coinbase will charge the fee on USDC (USDC) to US dollar conversions exceeding a net of …
Andreessen Horowitz (a16z) partner, Alex Rampell, has warned that banks are about to adopt a new approach of “Operation Chokepoint 3.0.” It is an initiative allegedly targeting crypto and fintech companies that strives to implement excessive fees and access restrictions in these industries. Chokepoi…