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Friend.Tech Hype Sees Base Surpass Rival Layer 2 Blockchains in Average Transactions per Second

Base averaged a record high of 15.88 transactions per second on Tuesday, as investors flock to the layer 2 blockchain to gain access to Friend.tech. DappRadar blockchain analyst Sara Gherghelas discusses her take on what could be behind the Friend.tech hype and why it might be short-lived. "There are too many questions, too many doubts, to see this dapp in the next 6 months being still active," Gherghelas said.

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Australia Won't Introduce a CBDC for Some Years, Central Bank Says

Australia's central bank announced that the country will not likely make a decision on a central bank digital currency (CBDC) for some years due to several unresolved issues that surfaced at the end of the pilot project. "First Mover" hosts Jennifer Sanasie and Amitoj Singh weigh in.

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Coinbase Gets a Stake in Circle; FTX's Sam Bankman-Fried Pleads Not Guilty, Again

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as FTX founder Sam Bankman-Fried pleads not guilty to his latest indictment. The Wall Street Journal is out with a new report detailing Binance's legal risks over Russia. And, Coinbase buys a minority stake in stablecoin issuer Circle Internet Financial.

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Binance Facing Additional U.S. Legal Risks by Helping Russians Move Money: WSJ

According to a new report from the Wall Street Journal, Binance is helping blacklisted Russian lenders move money through peer-to-peer transactions. A spokesperson for Binance told the publication the exchange follows global sanctions rules. "The Hash" panel discusses whether this could add on to the legal risks Binance is currently facing in the U.S.

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Technical Analysis Indicator Shows Extreme Oversold Conditions in Bitcoin

Bitcoin's (BTC) 14-day relative strength index (RSI) has dropped well below 30, indicating oversold conditions in the largest cryptocurrency by market cap. This is the lowest the indicator has dropped to since the coronavirus-induced crash of March 2020. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Shiba Inu Developers Work Towards Shibarium's Public Restart Days After Rocky Launch

Shiba Inu developers are slowly working towards a Shibarium network reopening by monitoring validator data and transactions, just days after users reported bridging issues after the much-hyped launch. Developers responded to the outage stating that "there was no bridge issue." "The Hash" panel weighs in on the latest developments.

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Thailand Issues Warning Against Meta Over Fraudulent Crypto Ads

Thailand’s Ministry of Digital Economy and Society (DES) is warning Meta's (META) Facebook that the platform risks being expelled from the country if the site doesn't curb the number of fraudulent crypto investment scams being advertised. "The Hash" panel discusses whether Facebook should be blamed for the advertisement and the significance of preventing crypto scams.

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Coinbase Acquires Stake in Stablecoin Operator Circle

Cryptocurrency exchange Coinbase (COIN) is getting a minority stake in Circle Internet Financial and the stablecoin issuer is bringing issuance and governance of USDC completely in-house as the companies dissolve their Centre Consortium partnership. "The Hash" panel weighs in on Coinbase's recent moves in the crypto industry amid recent U.S. regulatory pressure.

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FTX's Sam Bankman-Fried Latest Court Appearance an 'Interesting Peek' After Being Jailed: Legal Expert

Renato Mariotti, Bryan Cave Leighton Paisner LLP partner, weighs in on FTX founder Sam Bankman-Fried facing arraignment yet again in a New York Court on Tuesday. "This is going to be an interesting peek at Sam Bankman-Fried after he's been in prison, remember that he was repeatedly violating his conditions of release," Mariotti said.

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Thailand Warns Facebook Parent Company Meta to Curb Crypto Scams

Thailand’s Ministry of Digital Economy and Society (DES) has told Meta's (META) Facebook to curb the number of fraudulent crypto investment scams being advertised on the site. And, the Minister in charge of DES has asked a Thai court to prepare an order that would shut down Facebook by the end of the month if the platform doesn’t comply. "First Mover" hosts Jennifer Sanasie and Amitoj Singh break down the latest developments.

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