Daily Crypto Recap

Want to stay informed on the latest in the crypto world? Check out the summary of today’s news covering Bitcoin, blockchain, DeFi, NFTs, and more.

Bitcoin Blockchain Bandwidth Usage Hits Over 90%

• Bitcoin’s blockchain bandwidth usage has surpassed 90% for the first time since the 2024 halving event.
• New token standards like Runes and BRC-20 are contributing to the increased network activity.
• Dune Analytics data shows a spike in transactions involving these token standards.

Controversy Surrounds LayerZero’s ZRO Token Launch

• LayerZero’s ZRO token fell 17% following its launch due to controversy over a donation requirement to claim tokens.
• Some view the mechanism as beneficial, while others see it as resembling a tax.
• The launch saw a surge in value followed by a significant drop.

Winklevoss Twins Support Trump with Bitcoin Donations

• Gemini exchange founders, Cameron and Tyler Winklevoss, pledge to donate $1 million worth of BTC each to support Donald Trump.
• The twins believe Trump is more favorable towards crypto compared to Joe Biden.
• Their decision has sparked discussions within the crypto community.