Weekly cryptocurrency news | Ethereum’s delay in finalization attracts attention, US CPI falls below 5% in April, etc.

news of the week

We will deliver the news mainly for one week (5/6 to 5/12).

This week, the most news was read about the temporary suspension or delay of finalization at the consensus layer of Ethereum (ETH).

Regarding the crypto asset (virtual currency) market, the report on the 8th that summarizes the remittance blockage of Bitcoin (BTC) and the possibility of ETH sale by the Ethereum Foundation is attracting attention.

The US consumer price index (CPI) for April also attracted a lot of attention.

1. This week’s news ranking
2. Market news ranking
3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: Ethereum, about 30 minutes delay in block finalization (5/12)

Ethereum’s consensus layer temporarily stops or delays finalization. This situation occurred around 3:00 (Japan time) on May 12, and recovered after about 30 minutes. (the article ishere)

2nd place: US CPI falls below 5% for the first time in 2 years, IT and virtual currency related stocks rise | 11th Financial Tankan (5/11)

In April, the overall year-on-year growth in the US CPI fell below the 5% level for the first time in about two years. It was the slowest growth since April 2021, signaling continued slowing inflation. (the article ishere)

3rd place: US Tether, first release of gold and bitcoin holdings (5/11)

Tether, which issues US dollar-denominated stablecoin “USDT”, released a report on reserve assets dated March 31, 2023 on the 10th. He also revealed for the first time the amount of gold and bitcoins held. (the article ishere)

Market news ranking

1st place: Bitcoin remittance clogging becomes serious, Ethereum Foundation sells ETH (5/8)

Bitcoin price fell 1.96% from the previous day to $28,312. The number of transactions waiting for confirmation has reached about 500,000 in “mempool,” which is a temporary storage place for “unconfirmed transactions” that have not been incorporated into the Bitcoin blockchain. (the article ishere)

2nd place: Bitcoin continues to fall, virtual currency transaction fee problem emerges (5/9)

Bitcoin dropped 2.3% from the previous day to $27,616. On this day, the problem of transaction fees for virtual currency became apparent again. (the article ishere)

3rd place: Bitcoin continues to drop to the $ 26,500 level, Ethereum finalization suspended (5/12)

Bitcoin fell 2.99% from the previous day to $26,645. The market was also overshadowed by a 30-minute halt on Ethereum’s beacon chain as transactions failed to finalize. (the article ishere)

Virtual Currency/Blockchain Industry News

“Worldcoin” aiming to distribute virtual currency to the whole world releases a wallet (5/9)

OpenAI co-founder Sam Altman’s virtual currency project “Worldcoin” announced the launch of the ecosystem’s first wallet “World App” on the 8th. The wallet will be offered in over 80 countries. (the article ishere)

Elon Musk to step down as CEO of Twitter, announces successor decision (5/12)

Elon Musk, CEO of major SNS Twitter, announced that the successor CEO has been decided. He explains the approximate timing of his handover and his own role after that. (the article ishere)

Cryptocurrency exchange Bittrex filed for bankruptcy in the US (5/9)

Cryptocurrency exchange Bittrex filed for bankruptcy under Chapter 11 (Chapter 11) in the United States on the 8th. The global version of Bittrex will not be affected, and we will continue to serve customers outside the United States as normal. (the article ishere)

Ethereum’s staking reward rate rises, due to meme coin boom trading (5/10)

Over the first week of May, Ethereum’s staking reward rate increased, reaching a post-merge high of 8.6%. This is likely due to the rapid increase in gas prices due to the meme coin boom, resulting in a significant increase in validator fee income. (the article ishere)

Drecom and Turingham Announce Blockchain Game Development of RPG Pioneer “Wizardry” (May 11)

Drecom Co., Ltd. announced on the 11th that it will change the policy of its Web3 business and that it will develop blockchain games using the IP (intellectual property rights) of “Wizardry” together with Turingham Co., Ltd. (the article ishere)

Ethereum transaction fees soaring, Front Rambot involvement highlighted (5/12)

While trading bots attempting to front-run manipulate cryptocurrency trades to make huge profits, they are also contributing to rising transaction fees on Ethereum, reports have emerged. This article describes a recent case. (the article ishere)

OpenSea Pro supports PEPE Memecoin, expanding the memecoin ecosystem (5/10)

NFT aggregation marketplace OpenSea Pro announced on the 10th that it has started accepting payments using Pepe Memecoin (PEPE). OpenSea Pro is a dedicated platform for traders launched by the NFT marketplace OpenSea in April 2011. (the article ishere)

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