This Week's Cryptocurrency News
Bitcoin Update: Two dormant original wallets that have been inactive for over 13 years transferred 2,000 BTC (worth approximately $178 million). A bill in Indiana, USA, has been proposed to allow pension funds to invest in Bitcoin; Japanese listed company Metaplanet raised $50 million to purchase coins.
Ethereum Progress: Vitalik Buterin praised the deployed Fusaka upgrade, which aims to enhance network processing capacity. Analysis indicates that institutions like BitMine hold approximately 3% of the ETH supply, with continued net outflows from exchanges potentially exacerbating supply tightening. Vitalik also called for the establishment of a reliable on-chain Gas futures market.
Institutions and Financing: Coinbase CEO revealed they are collaborating with major banks to launch a cryptocurrency pilot. Several blockchain companies have secured financing, including Digital Asset Holdings ($50 million), N3XT ($72 million), and prediction market Kalshi ($1 billion).
