Summary
TLDR: Ethereum underwent its largest upgrade ever with the Dencun hard fork, introducing blobs to improve transaction processing. This upgrade parallels the impact of broadband on the internet, enabling lower fees for layer-2 transactions. Meanwhile, the SEC’s lawsuits against Coinbase and Binance for selling unregistered securities have not impacted token prices. MicroStrategy continues to raise funds through convertible notes to buy more Bitcoin, outperforming bitcoin ETFs. Bakkt faces financial challenges, meme coins gain popularity, and Palantir’s CEO expresses frustration with short sellers. Overall, the crypto market is thriving despite regulatory challenges.
Key Points
1. The internet turned 35 earlier this week, marking a significant milestone in its evolution.
2. Ethereum’s Dencun hard fork successfully implemented nine improvement proposals, with EIP-4844 being particularly noteworthy.
3. Blobs on Ethereum are revolutionizing the way layer-2s interact with the mainnet, reducing fees and improving overall user experience.