TWT Benefits From SEC Lawsuits; Ethereum Community Mulls Increasing Validator Limit From 32 ETH to 2,048 ETH
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Daily Top Mover — Trust Wallet (TWT)
The U.S. equities fell slightly last Friday, with the broader cryptocurrency rebounding over the weekend. The top mover for today is TWT, which surged more than 32.6% in the past 30 days, leading the gains among the top 100 tokens, due to investors favoring decentralized players amidst SEC charges against CEXes.
Trust Wallet, the decentralized noncustodial wallet, sees its native token TWT outperform almost all top 100 tokens in the past 30 days. The likely driver is the SEC’s lawsuits against Binance and Coinbase, where investors believe decentralized wallet service providers such as Trust Wallet may benefit from the user exodus from CEXes. This pattern was seen previously at the time when SEC alleges BNB was security. Regarding protocol updates, the integration with TronDAO boosts confidence from investors in the wallet provider, as the industry is experiencing another major test.
Check Out the Latest Prices, Charts, and Data of TWT/USDT Here!
Talk of the Town
The Ethereum community is considering increasing the validator threshold from 32 ETH to 2,048 ETH. The initiative can reduce the infrastructure complexity for validators, in turn, boosting their return from validating. In addition, the higher validation threshold will ease the traffic on the mainnet and make implementing Ethereum’s future upgrades easier.
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