Bitcoin above $30k - Buy Now
Sure, here are some of the latest news in the crypto world, arranged in a newsletter format:
**Bitcoin Breaks Above $30K for First Time Since June 2022**
Bitcoin (BTC) has broken above $30,000 for the first time since June 2022, as investors continue to pile into the cryptocurrency amid rising inflation and geopolitical uncertainty.
The price of BTC rose to a high of $30,724 on Tuesday, before consolidating around $30,000. The move higher comes as the broader cryptocurrency market has been on a tear in recent weeks, with many altcoins also posting double-digit gains.
The rally in Bitcoin and other cryptocurrencies is being driven by a number of factors, including:
* Rising inflation: As inflation continues to rise around the world, investors are looking for assets that can provide a hedge against inflation. Bitcoin is seen as a good inflation hedge because it has a limited supply and is not subject to government or central bank control.
* Geopolitical uncertainty: The ongoing war in Ukraine and the rising tensions between the United States and China are also contributing to the rally in Bitcoin and other cryptocurrencies. Investors are looking for assets that are not tied to any particular country or government, and Bitcoin is seen as a good option.
**Blockchain Developer Platform Alchemy Launches Public Support for ZK Rollup Starknet**
Alchemy, a blockchain developer platform, has launched public support for ZK rollup Starknet. ZK rollups are a type of Layer 2 scaling solution that use zero-knowledge proofs to reduce the computational and data costs of transactions.
Alchemy's support for Starknet will make it easier for developers to build and deploy applications on the platform. It will also provide developers with access to Alchemy's suite of tools and services, which can help them to improve the performance and security of their applications.
**Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust**
Optimism, a Layer 2 network for Ethereum, has announced that it will be using the Ethereum Attestation Service (EAS) to promote user trust. The EAS is a service that allows users to verify the integrity of Layer 2 data.
Optimism's use of the EAS will allow users to verify that the data on the Optimism network has not been tampered with. This will help to increase user trust in the network and make it more attractive to users who are looking for a secure and reliable way to use Ethereum.
**Arbitrum-Based Exchange Chronos Attracts $170M to Yield Pools in a Single Day**
Chronos, an Arbitrum-based exchange, has attracted $170 million to its yield pools in a single day. The funds were raised from a number of investors, including Alameda Research, Jump Crypto, and Three Arrows Capital.
The influx of capital is a sign of the growing interest in Arbitrum, a Layer 2 scaling solution for Ethereum. Arbitrum is designed to improve the scalability and performance of Ethereum by moving transactions off the main chain and onto Layer 2.
The success of Chronos is a further boost for Arbitrum, and it is likely that other exchanges will follow suit and launch on the platform in the near future.
These are just a few of the latest news in the crypto world.