Starknet is developing the STRK20 framework to enable privacy-focused stablecoins and other digital assets with built-in confidentiality features. The framework aims to address growing demand for transactions that maintain user privacy while operating on a public blockchain. This development positions Starknet as a platform for confidential financial applications.
Archives: Fast News
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Is Ethereum’s concept of ‘ultrasound money’ flawed? ETH is down 65% compared to BTC since transition
Since shifting to Proof-of-Stake, Ethereum’s value has plummeted by about 65% against Bitcoin, challenging its identity as ‘ultrasound money.’ The anticipated deflationary benefits have not been realized, with an increase in ETH supply.
As Ether’s transaction fees drop significantly, investor confidence in Bitcoin’s capped supply sees BTC outperforming ETH. The layer-2 networks also divert essential operations away from the Ethereum mainnet, complicating its deflationary narrative.
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Chiliz burns over 10.8M CHZ tokens in first monthly buyback
Chiliz has completed its first monthly token burn, removing 10,863,386 CHZ tokens worth approximately $437,336 from circulation. The platform has allocated 10% of monthly FanTokens revenue to a recurring CHZ buyback and burn program, effective this month. This deflationary mechanism is part of Chiliz’s broader strategy to reduce token supply over time.
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Uniswap V3 WBTC-USDT pool on Arbitrum offers 52.54% APY
The Uniswap V3 WBTC-USDT liquidity pool on Arbitrum is offering 52.54% APY with $12.1M in total value locked. High yield rates like this typically reflect elevated impermanent loss risk and volatility exposure, particularly given the price correlation between WBTC and USDT pairs. Liquidity providers should carefully assess their risk tolerance before committing capital to such pools.
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HYPE, SUI, and BTC lead CoinGecko trending this week
Community interest is focused on Hyperliquid (HYPE), currently ranked #16 on CoinGecko, alongside established names like Bitcoin at #1 and Sui at #29. LayerZero (ZRO), Bittensor (TAO), Zcash (ZEC), and Pudgy Penguins (PENGU) round out this week’s trending list, reflecting broader market activity across mid-cap and established projects. Trending status indicates higher search volume and user engagement on CoinGecko, though it does not necessarily correlate with price direction.
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Winklevoss twins transfer 130 million USD in Bitcoin to Gemini hot wallets according to Arkham
The Winklevoss twins transferred about 130 million USD in Bitcoin to Gemini hot wallets over the last week, potentially signaling a liquidity strategy or market sale, according to Arkham.
As Bitcoin is trading at approximately 70,720 USD, reflecting a recent increase of 4.4%, the Winklevoss brothers retain around 764 million USD in Bitcoin, indicating their strong market position.
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BlackRock makes significant deposits of 1,133.78 BTC and 27,189 ETH at Coinbase
BlackRock’s deposit into Coinbase highlights an increasing institutional interest in cryptocurrencies, with significant amounts of BTC and ETH pointing to a shift in investment strategies toward digital assets.
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Trust Wallet introduces automated feature to prevent address poisoning across 32 EVM chains
On March 10th, Trust Wallet introduced a new feature to protect users from address poisoning scams, signing support for 32 EVM chains.
Security reports indicate over 1 million address poisoning attempts are registered daily on Ethereum, with Trust Wallet detecting roughly 34,000 attacks hourly.
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Bernstein projects 70% upside for Circle as stablecoin adoption grows
Circle’s stock rose nearly 10% to close at $111.84 on Monday, reaching its highest level since early November. Bernstein analysts see significant upside potential for the company, citing expanding stablecoin adoption across payment systems and artificial intelligence applications. The analyst firm’s projection reflects growing institutional interest in stablecoin infrastructure as blockchain technology becomes more integrated into mainstream financial and technology workflows.
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Trust Wallet adds automatic protection against address poisoning attacks
Trust Wallet has launched automatic Address Poisoning Protection to defend users against a growing threat. According to Cyvers data, over one million address-poisoning attempts occur daily on Ethereum. The feature is designed to identify and block fraudulent transactions that trick users into sending funds to malicious addresses that resemble legitimate wallet addresses.