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Linea woos Ethereum users with ‘free’ layer-2 bridging Blockchain network Linea is now covering layer-2 gas fees for users bridging assets from Ethereum Ethereum Ethereum mainnet, aiming to make onboarding faster and simpler. In an X post on May 7, Linea noted the new offer applies only to its native bridge and comes with a few limits, though the team says it’s part of a broader push to reduce friction for new users. Linea is a zero-knowledge layer-2 network built on Ethereum and developed by Consensys, the company behind MetaMask, Infura and other Ethereum tools. The network is designed to help developers scale Ethereum apps with lower costs and faster transactions. The gas fee waiver applies only to Ethereum-to-Linea transfers using Linea’s own bridge. Additionally, the Linea team listed a few things to keep in mind: it only covers layer-1 to layer-2 transactions, won’t apply to anything that uses more than 250,000 gas, and it doesn’t include USD Coin usdc-0.01%USDC transfers through Circle’s CCTP, adding that users still have to pay for the Ethereum mainnet gas themselves. That means users still need to pay for the Ethereum mainnet gas — often around $2 to $20 depending on network congestion. And the 250,000 gas cap means the covered layer-2 fee is up to about $20-$45, based on typical rates. In early April, Linea’s head of product said the team decided to wait for a more bullish crypto market before moving ahead with its token launch. A month earlier, then-marketing lead Christopher Kocurek told the Discord community that Consensys executives and the board were aiming for a token generation event in the second quarter of 2025. Since then, Kocurek has left Linea to join an early-stage startup, and there’s been no further update on the TGE. $USDC
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Donald Trump’s hinted at a “big announcement” on May 8 at 10 AM ET, which catalyze Bitcoin (BTC) price rally to nearly $100k. Will this news-driven rally push BTC price to $100k? Trump’s comment has caused Ethereum price to shoot 6%, which is also seen across other altcoins in the crypto market today. Why is Bitcoin Price Up Today? Bitcoin price today trades at $98,934.0 on 5 AM. In the past 24 hours, BTC is up 2.63% with a daily high of $99,401.0 on May 8. As noted above, Donald Trump said. “Big news conference tomorrow, 10 am EST in the Oval Office.” Trump also added that this would be regarding a major trade deal with a “big and highly respected country.” Despite Trump’s trade war and building macroeconomic pressure, the BTC trades at $98,934.0 after bouncing 1.38% in the early Asian session. The optimism can be attributed to massive spot Bitcoin ETF inflows that have crossed the $3 billion mark in the past two weeks. Will BTC Hit $100k Today? Bitcoin price exploded from $95.7k to $99.4k in just eight hours, but is currently undergoing correction and is down 0.65% from the local top. May in the crypto community believe this sudden rally could be market front-running the announcement, which may cause a sell-the-news event. As for BTC price, revisiting the $100k psychological level is uncertain. While volatility from the news may lead to a brief retest of $100,000, buyers must defend and retain this level for a sustained uptrend. Until Trump’s announcement, Bitcoin price predictions are neither bullish nor bearish. $BTC
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Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. According to a May 7 announcement, the new feature will allow the platform's clients "to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works." The product's technical page shows that the new account feature will support Circle's USDC USDC $0.9999 and Bridge's USDB (USDB) stablecoins. Stripe acquired the Bridge platform in October 2024. The product will be available to clients in more than 100 countries, including Argentina, Chilé, Turkey, Colombia, and Peru, among others. Stripe's newly launched product comes at a time when stablecoins are increasingly seen as stores of value in developing economies struggling with high inflation, capital controls, and a lack of financial infrastructure. Stablecoins and blockchain payment rails are helping to bank the unbanked in developing regions of the world without critical financial and communication infrastructure. Blockchain systems can reduce the cost and verification of cross-border transfers, allowing anyone with a cellphone, a crypto wallet, and access to an internet connection to send, receive, and store value in a relatively stable fiat currency. Stripe integrated USD stablecoin payments, allowing users to pay online merchants in fiat tokens, in October 2024. The integration was met with demand for the stablecoin payment option in 70 countries, the company said. According to the crypto platform Bitso, residents of Latin American countries are increasingly using stablecoins as a store of value and a medium of exchange used for online purchases. #StripeStablecoinAccounts
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