By Kapil Rajyaguru
Base Sees Record 106 TPS As Total Value Locked Crosses $10bn.
Ethereum layer-2 network Base hit a record 106.26 transactions per second (TPS), distancing it from Taiko as the fastest Ethereum layer-2 solution, while its total value locked (TVL) recently surpassed $10 billion.
It marked an almost 28% increase in TPS from Nov. 23. In January, Base was averaging only 4 TPS, according to Base founder Jesse Pollak.
Base’s TVL has increased to $10.7 billion after crossing the $10 billion mark on Nov. 15, L2BEAT data shows, making it the second-largest Ethereum layer 2 in TVL, trailing only Arbitrum One at $18.3 billion, after overtaking OP Mainnet for second place in June. Advertisement
Justin Sun Has Just Become Trump Crypto Project’s Biggest Investor.
The founder of the Tron blockchain, Justin Sun, has become the largest investor in Donald Trump’s crypto project, World Liberty Financial, after buying $30 million worth of its tokens.
Before Sun’s post, a wallet that Etherscan tagged as owned by the Sun-controlled crypto exchange HTX, formerly Huobi, was seen purchasing 2 billion World Liberty Financial (WLFI) tokens worth $0.015 apiece.
Just $20 million worth of WLFI had been sold before Sun’s buy, pushing total sales to $52 million, still only 17% of World Liberty’s lofty $300 million token sale goal.
Rumble To Spend Up To $20mn On Bitcoin In New Treasury Strategy.
YouTube alternative Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet, just days after its CEO teased the idea on social media.
In a Nov. 25 statement, the video-sharing platform said its board of directors approved the strategy, allocating a portion of the company’s excess cash reserves to Bitcoin at the discretion of the company and up to $20 million total.
Rumble chairman and CEO Chris Pavlovski teased the idea of adding Bitcoin to Rumble’s balance sheets with a Nov. 19 poll on X. Out of 43,790 votes, 93.9% of respondents voted yes to the proposal.
WisdomTree Files For XRP ETF In Delaware.
WisdomTree Funds, a New York-based asset management firm, registered in the state of Delaware for an XRP (XRP) exchange-traded fund (ETF) on Nov. 25, signaling its broader intent to file with the United States Securities and Exchange Commission.
The company joins Bitwise, Canary Capital, and 21Shares as an early XRP ETF applicant in the US. However, the SEC has not approved any such applications at the time of this article’s publication.
WisdomTree’s filing comes at what may be a pivotal moment for XRP. Ripple, the San Francisco-based company that created the XRP cryptocurrency, achieved a partial victory in a years-long battle against an SEC lawsuit when a judge ruled that XRP was not a security in July 2023.
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