Summary
TLDR: Despite a drop in crypto prices, this week was filled with fun on Crypto Twitter. Ethereum’s Dencun upgrade lowered transaction costs, WIF meme coin raised $700,000 to be displayed on a screen in Las Vegas, and Craig Wright was definitively ruled out as Satoshi Nakamoto.
Key Points
1. Ethereum’s Dencun upgrade successfully went live, reducing transaction costs across layer-2 networks and potentially eliminating gas fees in the future.
2. The Dogwifhat (WIF) meme coin community raised nearly $700,000 to display their meme on a massive LED screen in Las Vegas, leading to a surge in market capitalization to $3 billion.
3. A UK judge ruled definitively that Craig Wright is not the pseudonymous Bitcoin inventor Satoshi Nakamoto, ending years of speculation and false claims by Wright.