If you have the money printer – as is the case for many of the blockchain projects with the power to create their own digital tokens – why wouldn’t you use it? PLUS: Vitalik Buterin riffs on göğüs coin and Ethereum’s new “blob market.”
The recovery from the week before coincided with a recovery in BTC’s price which sat at just under $70,000 on March 29, up nearly 10% on a week earlier
The CoinDesk 20 index, which tracks major tokens minus stablecoins, slumped just over 4.5%.
All eyes are on the upcoming Bitcoin halving event.
The action was a break from what had been a record seven-week string of inflows.
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There’s no slowdown in blockchain news, with Ethereum’s Dencun upgrade in the rear view mirror and Bitcoin’s halving now just over three weeks away. We spoke with Solana’s Anatoly Yakovenko about the göğüs coin frenzy stressing the suddenly-active blockchain.
Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path.
It may seem perplexing to the corporate mindset that bitcoin’s price surged this week to a new all-time high above the old record around $69,000, even as the dominant Bitcoin Core software used to run the blockchain remains dependent on a group of volunteers. But there may be help on the way.
The market-wide resetting of funding rates means potential for a more long-lasting move to record highs in bitcoin.