Danila
@danilabodrov
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Solana Co-Founder Challenges Layer 2s—Are They Even Needed?
The co-founder of a popular cryptocurrency took a swipe at Layer-2 cryptos, claiming that these rollups are only redundant and make blockchain scaling more complicated.
Anatoly Yakovenko, co-founder of the Solana network, argued that Layer-1 solutions are sufficient without Layer-2 tokens which do not offer genuine, long-term benefits.
“There is no reason to build an L2,” Yakovenko said in a post, which is the Solana co-founder’s response to @ripdoteth, who claimed that there is no reason to build a Layer-1.
The crypto co-founder argued that Layer-1 solutions, like the Solana network, can already offer efficient, cheap, and secure scaling solutions. Hence, he said that Layer-2 tokens are only providing redundancy.
https://bitcoinist.com/solana-co-founder-challenges-layer-2s-are-they-even-needed/ 0 reply
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Bitcoin Surges Toward $90K as Market Sentiment Turns Bullish
Bitcoin ( BTC) marched past $88,000, pushing its price toward the $90,000 mark after bullish momentum began building over the weekend. At the time of reporting, BTC is valued at $88,147.25, reflecting a 3.56% increase over the past 24 hours and a 5.73% rise over the past week. The leading cryptocurrency has traded within a 24-hour range of $84,832.16 to $88,758.73, signaling strong upward movement.
Geoffrey Kendrick, head of digital assets research at Standard Chartered, weighed in on bitcoin’s dual role in financial markets and said he sees the digital asset finally crossing $90,000 this week.
https://news.bitcoin.com/bitcoin-surges-toward-90k-as-market-sentiment-turns-bullish/ 0 reply
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Bitcoin Powerhouses: The 10 Exchanges Holding 3 Million BTC
On March 18, 2025, about 19.83 million bitcoins were circulating, and a substantial portion of these holdings now reside on established cryptocurrency platforms. To illustrate, Coinbase maintains 5.66% of the world’s circulating BTC.
Cryptocurrency platforms serve as principal custodians of bitcoin ( BTC), and this mid-March analysis details the platforms with the largest bitcoin inventories. Approximately 253 centralized spot exchanges exist, with Coinbase leading the field in terms of BTC reserves.
The digital asset platform, Coinbase, established in June 2012 by Brian Armstrong and Fred Ehrsam, possesses 1,123,540.12 BTC, based on timechainindex.com data. This inventory translates to $92.7 billion using current exchange rates.
https://news.bitcoin.com/bitcoin-powerhouses-the-10-exchanges-holding-3-million-btc/ 0 reply
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The Daily: Binance lands $2 billion investment, Sony's Soneium plans to bring LINE's mini-apps onchain and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Wednesday! This morning's U.S. CPI data gave the crypto market a glimmer of hope with inflation coming in slightly lower than expected — briefly lifting bitcoin. But, as has been the case with recent rallies, the gains were short-lived, quickly retracing as recession fears grow.
In today's newsletter, Binance secures a $2 billion landmark investment, Rumble discloses holding $17 million in bitcoin, Soneium plans to bring LINE's mini-apps onchain and more.
Meanwhile, the Venice airdrop comes to an end, with around $100 million worth of unclaimed VVV tokens burned.
Let's get started.
https://www.theblock.co/post/345983/the-daily-binance-lands-2-billion-investment-sonys-soneium-plans-to-bring-lines-mini-apps-onchain-and-more 0 reply
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