Midday News Update #Web3

📉 Ethereum network engagement dips post-Pectra

Despite the major Pectra upgrade, Ethereum has not seen a rise in user participation

🏛️ Kraken expands EU footprint with MiFID license

Kraken acquires a Cyprus-licensed firm to obtain a MiFID license

💵 DeFi Technologies & Fire Labs to launch U.S. bank-issued stablecoin Nasdaq-listed DeFi Technologies partners with Fire Labs to issue a compliant stablecoin, backed by 105% over-collateralization

🔗 Microsoft brings blockchain data to Fabric via Space and Time.

🇮🇳 India’s Supreme Court pushes for crypto regulation

India’s top court criticizes the government for regulatory delays, saying a blanket crypto ban is unrealistic, and urges swift legislative action.

#IndiaCrypto #SupremeCourtVictory