U.Today has prepared the top three news stories over the past day.
XRP-friendly lawyer wants to testify at crypto hearing
Prominent pro-XRP lawyer John Deaton has recently taken to X platform to express his willingness to testify at an upcoming congressional hearing on digital assets scheduled for Jan. 10. The hearing will focus on the Financial Stability Oversight Council’s (FSOC) changing designation framework on innovation, with its main goal being to clarify how these regulatory changes may affect innovation in the field of digital assets. Backing up his candidature, Deaton reminded his followers of his extensive experience in legal battles involving cryptocurrencies; in addition to being an amicus counsel in the LBRY case, he represented 75,000 XRP holders in the Ripple case and over 5,000 Coinbase customers in the Coinbase case against the SEC. “If you want the American public to learn what Gary Gensler and the Biden/Warren Administration is doing to harm everyday regular Americans, let me know,” wrote the lawyer, concluding his post.
Dogecoin to Moon: 635 million DOGE change hands ahead of DOGE-1 mission
According to a recent report by Whale Alert, the market witnessed impressive Dogecoin (DOGE) liquidity yesterday. Data reveals a shuffle of 635 million DOGE between two major crypto platforms, Robinhood and Binance, and unknown wallets. First, two transactions by two undisclosed addresses carried 82.082 million DOGE and 102.27 million DOGE to Robinhood. Shortly after, 151.68 million DOGE left Robinhood to be moved to another mysterious wallet. The movement ended with the largest transfer, 300 million DOGE worth $24.63 million, which was made by a new unknown address to Binance. This astonishing DOGE shift occurs amid the backdrop of the DOGE-1 lunar mission scheduled for February 2024. The DOGE-1 satellite will display images and DOGE-inspired digital art on a small screen, broadcasting them back to Earth.
Ethereum’s Vitalik Buterin sets ambitious target for L2s: Details
In a recent X post, Vitalik Buterin, co-founder of Ethereum, expressed his support for a new technological shift for Layer-2 solutions based on the pioneering smart contract protocol. Buterin believes that all L2s should be working on “(trustless, merkle-proof-based) CCIP resolvers.” This move will help usher in the Ethereum Name Service (ENS) that is registerable, updateable and readable directly on L2s. Besides, Ethereum co-founder has underscored the importance of making this name service more affordable. If successful, this integration call will act as a significant growth spurt for Layer-2 protocols, enabling them to operate more effectively and draw in more users to their ecosystems.