Highlights
Ethereum’s Dencun Upgrade: A Leap Toward Scalability and Lower Fees
PancakeSwap Unveils Version 4: Custom Pools and Gas Efficiency
Coinbase Follows MicroStrategy’s Playbook with $1 Billion Convertible Debt Offering Amid Crypto Surge
The much-anticipated Dencun upgrade has finally gone live on the Ethereum mainnet, marking a significant milestone since the Merge. Expected to alleviate the soaring transaction fees of layer-2 networks and bolster Ethereum’s scalability, Dencun incorporates nine Ethereum Improvement Proposals (EIPs) and introduces features like data blobs through EIP-4844. However, while it promises advancements, experts caution that Ethereum’s mainnet users won’t immediately benefit from fee reductions, emphasizing the ongoing evolution of layer-2 solutions and Ethereum’s position as a preferred platform for high-value transactions.
PancakeSwap, one of the leading decentralized exchanges, has unveiled its version four codebase, set to launch on Ethereum and BNB networks in the third quarter of 2024. This new iteration introduces advanced features such as custom liquidity pools and flash accounting, aimed at reducing gas costs for users and minimizing impermanent loss for liquidity providers. Additionally, PancakeSwap’s integration of “hooks” allows for customizable add-ons by independent developers, fostering innovation within the DeFi ecosystem. With a commitment to open-source development and a $500,000 developer program, PancakeSwap continues to help advance decentralized finance, competing in a rapidly evolving landscape alongside other major players like Uniswap.
In a strategic move to capitalize on the surging digital asset market, Coinbase, the sole publicly traded cryptocurrency exchange in the U.S., announced plans to raise $1 billion through a private offering of convertible senior notes. Emulating Michael Saylor’s MicroStrategy, Coinbase aims to avoid stock dilution while funding its crypto ventures. The offering, with a conversion option set for 2030, seeks to safeguard existing shareholder interests. Uniquely, Coinbase includes “negotiated capped call transactions” to mitigate potential dilution during conversion, a step not taken in MicroStrategy’s recent dealings. As Bitcoin hits record highs, driving Coinbase’s stock up by 48%, the move underscores the growing convergence of traditional finance and the crypto ecosystem, as Wall Street analysts revise their outlook on Coinbase’s stock amidst the digital asset market’s meteoric rise.
News
Dencun upgrade goes live on Ethereum mainnet
Judge rules Craig Wright is not Satoshi Nakamoto: Report
Hong Kong regulator lists Bybit as ‘suspicious’ crypto trading platform in latest alert
Peter Schiff, who once called Bitcoin a ‘pure ponzi,’ now wishes he bought some
Products
PancakeSwap announces v4 with custom pools and gas optimization
BNB Chain to expand layer-2 ecosystem with new rollup service
Social crypto exchange Dyor unlocks the door for everyday investors
AI-powered game brings ‘Waifus’ to life with plans for AR/VR experience
Regulation
El Salvador drops income tax for foreign investments and remittances
Senators pressure SEC’s Gensler not to approve any more crypto ETFs
UK FCA approves crypto investment products, but there’s a catch
USPTO study finds current laws fit for NFT market challenges
Funding
Coinbase Plans $1B Bond Sale That Avoids Hurting Stock Investors, Copying Michael Saylor’s Successful Bitcoin Playbook
Crypto’s Berachain Becomes Unicorn in $69 Million Funding Round
Marathon to purchase 200MW Bitcoin mining center from Applied Digital for $87.3M
Crypto News Site The Block Bought by Foresight Ventures in $70M Deal
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