The Block

The Dencun upgrade on Ethereum reduced transaction costs on Layer 2s. Major Layer 2 chains implementing EIP-4844 experienced a dramatic drop in average transaction fees.

Elon Musk suggested the possibility of purchasing Tesla cars with Dogecoin in the future.Musk’s comments have historically influenced Dogecoin’s value.

Quick Take FinCEN reportedly said the amount of crypto used by Hamas was not certain and might be overstated.

Meme coins maintain a “strong” connection to their native networks, according to research published by the traditional financial institution Franklin Templeton.The global asset manager pinpointed networks such as Solana, Ethereum, Arbitrum, Polygon and Optimism.

Bitcoin ETFs are likely to become available on large wirehouse platforms over the next few months, according to Bloomberg Senior ETF Analyst Eric Balchunas.He predicted that after this, options trading based on the ETFs will likely be available before the end of the year.“Those are two massive catalysts I think are still to come,” he said.

Bitcoin rally sustains despite wider market downturn following hotter-than-expected inflation data.

The memecoin’s Shiba Inu mascot will be displayed on Las Vegas’s Sphere for a week, according to a plan by the fundraiser’s organziers.The fundraiser on Wednesday officially surpassed its $650,00 target.

Quick Take The rule was first proposed in November and would give the CFPB the ability to supervise “larger nonbank companies” that have services like digital wallets and payment apps — and potentially crypto. House Republicans accused the CFPB of front running Congress, while Democrats pointed to cryptocurrencies’ volatility over the years.

Quick Take The EU has published draft rules for stablecoin issuers under the bloc’s MiCA regulatory framework.

Quick Take The Blast network has experienced a stall in block production following Ethereum’s latest upgrade.