An average of 327,000 wallets were created each day on average over the past week, likely pushed by a flurry of financial activity combined with recent network upgrades. A combination of protocol-level upgrades, stablecoin activity, and a shift in crypto sentiment has helped push Ether wallet creation to its highest levels in history. Over the last week, an average of 327,000 new wallets have been created per day, with Sunday recording the highest number ever for a single day at over 393,000, Santiment analysts said in an X post on Tuesday. New wallets can signal that fresh users, developers, or institutions are entering the ecosystem. Read more
Ugandan officials claimed that they could also shut down the internet-free, encrypted messaging app last week, but haven't done so yet. Bitchat has become the most-downloaded app in Uganda as state officials confirmed that internet access has been cut off and will remain inaccessible during the presidential election, which starts on Thursday. It marks the third straight election in which Ugandan authorities have cut internet access, a move officials said is necessary to mitigate the spread of online misinformation. However, critics argue that shutting off the internet suppresses election-related information and can potentially manipulate the outcome. Read more