Jain added that this was the biggest crypto governance vote ever, by the number of participants and the participating market cap, of any ecosystem, chain or network.“This was a meaningful scaling stress test — a social, rather than technical, stress test — and the network passed despite a wide stratification of diverging opinions and interests.”Continue readingBitcoin $70,000 retracement part of “macro correction” in bull market — AnalystsBitcoin’s potential retracement to $70,000 may be an organic part of the current bull market, despite crypto investor fears of an early arrival of a bear market cycle.
Source: Mike CareyContinue readingSolana proposal to cut inflation rate by up to 80% failsA proposal to dramatically change Solana’s inflation system was rejected by stakeholders but is being hailed as a victory for the network’s governance process.“Even though our proposal was technically defeated by the vote, this was a major victory for the Solana ecosystem and its governance process,” commented Multicoin Capital co-founder Tushar Jain on March 14.
Despite the drop in investor sentiment, cryptocurrencies and global markets remain in a “macro correction” as part of the bull market, according to Aurelie Barthere, principal research analyst at the Nansen crypto intelligence platform.BTC/USD, 1-month chart.
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Author / Journalist: Cointelegraph by Zoltan Vardai
The story "US House kills IRS DeFi broker rule, Solana won’t cut 80% inflation rate: Finance Redefined" has 1030 words across 37 sentences, which will take approximately 5 - 9 minutes for the average person to read.
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