Michael Saylor’s Strategy bought 3,273 Bitcoin for $255 million between April 20 and 26, bringing total holdings to 818,334 BTC. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more Bitcoin last week as BTC traded above $77,000. Strategy acquired 3,273 Bitcoin for $255 million between April 20 and 26, according to an 8-K filing with the US Securities and Exchange Commission on Monday. The purchases were made at an average price of $77,906 per coin, raising Strategy’s cost basis to $75,537. Read more
The Ethereum Economic Zone aims to unify fragmented rollups, but its broader goal is to extend interoperability to other blockchains, says Ernst. A proposal to stitch Ethereum’s fragmented liquidity together extends beyond its own ecosystem and may bring other blockchains into the fold. On March 29, Gnosis, a long-time Ethereum builder and blockchain infrastructure company, unveiled that it is developing the Ethereum Economic Zone (EEZ) with Zisk, a zero-knowledge virtual machine project. The EEZ is aimed at linking layer-2 rollups more tightly to Ethereum layer 1, with Ether remaining as the gas token and settlement layer. It introduces a model where smart contracts can interact across mainnet and EEZ rollups with atomic execution. Read more
A new Blockchain for Europe report says MiCA has made euro stablecoins safer but less competitive, and urges targeted reforms to reserves and remuneration. A new report released Monday from industry group Blockchain for Europe argues that the European Union’s flagship crypto laws, the Markets in Crypto-Assets Regulation (MiCA) framework, have produced euro-denominated stablecoins that are ultra-safe but commercially weak, leaving the bloc far behind US dollar-pegged tokens in digital payments and trading. The report cites DeFiLlama data that euro stablecoins account for less than 1% of global stablecoin volume despite the euro’s much larger role in global markets, and argues that MiCA has pushed them onto the “downward-sloping” part of a regulatory "Laffer" curve, where stricter rules reduce the activity they are meant to govern. Drafted by European Central Bank official Ulrich Bindseil and Blockchain for Europe’s Erwin Voloder, the report focuses on MiCA’s rules for euro electronic money tokens, or EMTs, whi...