The XRP Ledger has experienced a significant uptick in usage, with transaction volumes soaring by 110% in the first quarter of 2024. This increase in activity could signal a potential rise in XRP’s value. Meanwhile, Ethereum has been plagued by pig butchering scams, resulting in a staggering $3.6 billion in losses this year alone. In other news, Elon Musk’s SpaceX has adopted stablecoins as a strategy to mitigate foreign exchange risks. Bitcoin ETFs have seen a fresh influx of $475 million, thanks to new strategies from Bitwise. Regulatory changes are on the horizon as the Treasury and IRS have finalized broker rules for DeFi, mandating KYC compliance from protocols. Additionally, Push Protocol has launched Push Chain, aiming to streamline blockchain communication and transactions.
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