At Crypto, Ethereum’s revenue from BLOB storage to the lowest level of 2025, the Binance Halts Select Tether (USDT) Spot Trading pair will halt trading pairs in the European economy, launching a new privacy tool on Ethereum, pledging private transactions while excluding malicious actors.
Ethereum weekly blob prices hit 2025 lows
According to data from Etherscan, revenue streams from the scaling chain (L2) of the major revenue stream (L2) of the Ethereum Network – “BLOB FEES” has sunk to its lowest weekly level ever this year.
In the week ending March 30th, Etherscan said Ethereum only won 3.18 Ether (ETH) from its BLOB fee. As of April 1st, it is approximately USD 6,000.
This figure was down 73% from the previous week, down more than 95% from the week ended March 16th.
Ethereum’s BLOB fee revenue is uneven. Source: Dune Analytics
In March 2024, Ethereum’s DenCun upgrade migrated L2 transaction data to a temporary off-chain store called “Blobs.” According to Asset Manager’s Vaneck data, the upgrade not only reduces users’ costs, but also reduced Ethereum’s overall fee revenue by 95%.
Since then, the increase in blob fees has been unstable. According to data from Dune Analytics, Ethereum’s weekly blob fee revenue peaked at nearly $1 million in November before it fell sharply in recent weeks.
Binance End Tether USDT trades in Europe and complies with MICA rules
Binance has canceled its spot trading pair with EEA’s Tether USDT in order to comply with MICA.
Cryptocurrency Exchange Binance has registered a spot trading pair with the EEA, which includes several non-MICA-compliant tokens, in line with the plan disclosed in early March, Cointelegraph learned.
Spot trading pairs of tokens, such as USDT (USDT), are currently delisted on Binance, but EEA users can detain the affected tokens and trade them on permanent contracts.
USDT is available for permanent transactions on Binance. Source: Binance
A previous announcement by Binance shows spot trading pairs of non-MICA-compliant tokens are due to be discontinued by March 31st. This is in line with the local requirement to eliminate such tokens by the end of the first quarter of 2025.
Binance is not the only crypto exchange to list non-MICA-compliant tokens for spot transactions in the EEA.
Other exchanges such as Kraken have listed spot trading pairs of tokens, such as EEA’s USDT, after announcing plans in February.
According to a notification on Kraken’s website, Exchange restricted USDT, a sales-only mode, on March 24th, in the EEA. At the time of writing, Platform does not allow EEA users to purchase affected tokens.
Kraken restricted USDT to EEA’s sales mode at the EEA on March 24th. Source: Kraken
Among other non-MICA compliant tokens, Binance also has registered spot trading pairs: DAI (DAI), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), Terrausd (UST), Terraclassic USD (USTC) and PAX GOLD (PAXG).
Privacy Pool is on sale at Ethereum, and Vitalik is demoing the features
A new semi-play mission-less privacy tool, Privacy Pool, has been launched in Ethereum, allowing users to personally trade while certifying that their funds are not linked to illegal activities.
The privacy tool, launched by Ethereum Builders 0xbow.io on March 31, not only supported the privacy project, but also gained support from Ethereum co-founder Vitalik Buterin, who created one of the first deposits on the platform.
Source: Vitalik Buterin
0xbow.io said that a “sectoral set” will be implemented in batch transactions to anonymous privacy pools and screening tests will be conducted to ensure that these transactions are not linked to illegal actors such as hackers, fishers, and fraudsters.
