Bankless ROLLUP: SBF 25 Years | Coinbase vs. SEC | Blobs Demand | Blast Controversy
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Mar 29, 2024 Uncover the latest Bitcoin surge as traders rally towards all-time highs. Institutional buzz around ETFs is reshaping crypto investments, with BlackRock leading the charge. The layer two ecosystem faces congestion challenges, but scalability solutions show promise. Explore the quirky demand for blob space on Ethereum alongside serious transactions. Legal battles unfold between Coinbase and the SEC, while new innovations in DeFi aim to enhance user experience. Finally, a satirical debate on controversial investments adds humor to the serious crypto landscape.
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Bitcoin ETF Flows Drive Price Surge
- Bitcoin's price increased by 8.5% in a week, reaching $70,700.
- Institutional inflows, especially into BlackRock's Bitcoin ETF, drove this growth, exceeding expectations.
Institutional Interest in Ethereum Grows
- Despite Ethereum's price being relatively flat, institutional interest is growing, with Fidelity filing for an Ethereum spot ETF with staking.
- BlackRock CEO, Larry Fink, expressed bullishness on an Ether ETF, even if the SEC classifies Ether as a security.
Base Fees High Due to L2 Congestion
- Base, an Ethereum Layer 2, experienced high transaction fees due to network congestion, not high blob costs.
- The bottleneck shifted from Ethereum Layer 1 settlement to Layer 2 compute, prompting Base to increase its gas limit.