Latest Industry Highlights
Several key developments shaped the blockchain landscape between 7:00 and 12:00 on February 11.
- Coinbase has added ETH Gas token GWEI to its listing roadmap, offering Ethereum users more options for managing transaction costs.
- Uniswap successfully defended itself in a patent infringement lawsuit against Bancor, reinforcing its dominance in decentralized exchanges.
- White House discussions on stablecoins saw progress, with bank representatives showing early openness to reward exemptions for stablecoin yields.
- Hong Kong Chief Executive Lee Ka-chiu announced that the Hong Kong Monetary Authority will issue its first round of stablecoin licenses next month.
- A prominent investment firm has begun accumulating Bitcoin in tranches, buying at levels of $84,000, $63,000, and the current market range.
- Analyst Tom Lee forecasted trading volumes reaching $1.33 billion, potentially exceeding traditional betting markets by tenfold.
- At the latest Clarity Act meeting, banking representatives remained hesitant to compromise on stablecoin yields, marking the key sticking point in negotiations.