Bankless ROLLUP: ETH’s Pectra Upgrade | $2T Stablecoin Push | Apple’s Crypto Breakthrough | Coinbase Buys Deribit!
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May 9, 2025 This week, the conversation explores Ethereum’s transformative Pectra upgrade, which enhances Layer 2 capabilities. The race to capture a $2 trillion stablecoin market heats up as Washington gets involved. A landmark decision nudges Apple's App Store policies, allowing crypto innovations to flourish. Coinbase makes headlines with its acquisition of Deribit, positioning itself strongly in the derivatives scene. As Bitcoin crosses $100K and ETH hits $2K, there's a buzz about a bullish resurgence in the crypto market!
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Apple App Store Monopoly Cracked
- Apple's App Store must now allow apps to link out for off-site purchases without hostile pop-ups.
- This ruling cracks open Apple's monopoly, enabling crypto payments and NFT buying without in-app fees.
Ethereum Doubles Layer 2 Blob Space
- Ethereum's "Pectra" upgrade doubles blob space for layer twos, allowing faster and cheaper transactions.
- This move significantly boosts Layer 2 scaling without increasing Layer 1 congestion.
Validator Consolidation Saves Bandwidth
- Allowing validators to consolidate many smaller validators reduces network bandwidth needs.
- This bandwidth saving enables more blob space and better overall Ethereum network efficiency.