Ethereum
Optimism is welcoming layer 3 builders to its Superchain initiative, with plans to introduce custom gas tokens and data availability layer optionality so developers can spin up low cost chains.
Regulation
House Chair Patrick McHenry said that SAB 121 was “one of the most glaring examples of the regulatory overreach that has defined Gary Gensler’s tenure at the SEC.”
EIP-7702, which is meant to enable externally owned accounts to temporarily become smart contract accounts, was largely the result of intense discussions among Ethereum builders over previous improvement proposals.
Business
In a move that comes as a surprise to many, Grayscale has withdrawn its application for an ether futures ETF just three weeks before the SEC would have been forced to hand out a verdict on the approval of at least one spot ether ETF.
FTX creditors will receive the entire value of their claims, plus “billions in compensation for the time value of their investments.”
MODE is the latest token to see its price decline right after its airdrop.
The proliferation of Layer 2 projects on Ethereum has compromised the easy exchange of assets and data among them, but there’s one obvious solution.
DeFi
Bybit will accept USDe as collateral on its platform, aiming to grab market share from USDT and offer yield to crypto traders.
Ethereum developers can’t see eye to eye on a proposed code change that could potentially improve user experience with wallets.
Bitcoin
Despite a short run of increased profitability after the fourth halving, Bitcoin miners are now seeing reduced profitability as hashrate remains near historical highs.
