In recent cryptocurrency news, Linea has introduced its tokenomics framework, allocating 85% of its fixed supply of 72 billion LINEA tokens to ecosystem growth and 15% to the ConsenSys treasury. This model emphasizes a dual-burn mechanism that reinforces ETH’s monetary premium. Meanwhile, the Radix Network mourns the unexpected passing of its founder, Dan Hughes, a key figure in decentralized ledger technology. The Radix team aims to maintain stability during this transition. In market trends, data shows a decline in Bitcoin wallets holding over 1,000 BTC, while Ethereum wallets with at least 10,000 ETH have increased, indicating shifting investor preferences. Additionally, the upcoming Federal Reserve meeting may see unprecedented dissent among board members regarding potential rate cuts, a situation not witnessed in over three decades. Lastly, Telegram’s founder, Pavel Durov, faces scrutiny in Paris over alleged criminal activities, denying all charges while his legal team challenges the case’s constitutionality. These developments reflect the dynamic and often turbulent landscape of the cryptocurrency and financial sectors.
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