🚀 Bitcoin Surpasses Amazon in Market Cap
Bitcoin has achieved a significant milestone by overtaking Amazon in market capitalization. With $BTC trading around $103,000, its market cap reached $2.045 trillion, slightly above Amazon's $2.039 trillion. This positions Bitcoin as the fifth most valuable asset globally, reflecting growing institutional adoption and investor confidence.
🔐 $ETH 's Pectra Upgrade Enhances Scalability
On May 7, Ethereum activated its Pectra upgrade, introducing significant enhancements to scalability and usability. Key features include the introduction of smart accounts (EIP-7702), increased staking limits per validator (EIP-7251), and doubled blob space for improved Layer 2 scalability. Following the upgrade, ETH experienced a surge of approximately 28.9%, reaching around $2,400.
🏦 Coinb@se Faces Data Breach Amid S&P 500 Inclusion
Co!nbase disclosed a data breach involving bribed external customer support agents, leading to unauthorized access to sensitive user information. While no customer funds were compromised, the incident could cost the company up to $400 million in remediation efforts. This development comes as Coinbase is set to join the S&P 500 index, marking a significant milestone for the crypto industry.
🇵🇰 Pakistan Advances Crypto Regulations
Pakistan is developing a clear regulatory framework for digital assets, aiming to attract international investment and strengthen its Web3 ecosystem. The initiative seeks to position Pakistan as a competitive player in the global blockchain innovation landscape.