Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Ethereum aims to cut bridge times by 98% with a new rule, US Senator Tim Scott expects a compromise on the market structure bill this week, and the US Securities and Exchange Commission (SEC) said it will consider most crypto assets not securities under federal law.
Ethereum client teams are testing an opt-in fast confirmation mechanism that could cut the time some layer-2 networks and exchanges wait to recognize mainnet deposits to about 13 seconds.
The proposed Fast Confirmation Rule (FCR) would reduce “deposit time from Ethereum L1 to L2s or exchanges to about 13 seconds, an 80-98% reduction for most L2s and exchanges,” Ethereum researcher Julian Ma wrote on X.
