‎The cryptocurrency market experienced a solid rebound over the past 24 hours, with the total market capitalization rising 2.19% to $3.96 trillion. Bitcoin (BTC) gained 2.38% to trade at $112,200, while Ethereum (ETH) advanced 3.13% to $4,140. Most sectors saw gains in the 2-3% range, reflecting a broad-based recovery.

‎Solana Considers Removing Block Computation Limits

Jump Crypto’s Firedancer team is driving a significant scalability proposal for Solana, with the SIMD-0370 proposal suggesting the removal of the current 60 million Compute Units (CU) per block cap. This change would follow the forthcoming Alpenglow upgrade, scheduled for later this year. If approved, block size would dynamically adjust based on the capacity of higher-performance validators, while less powerful validators could automatically opt out of voting on oversized blocks. Proponents believe this could create a “flywheel effect,” incentivizing validators to upgrade hardware and boost network throughput. However, concerns remain about potential centralization and network stability, though key upgrade proponents argue these risks are manageable. This move appears to be an alternative growth path for Solana, especially as short-term breakthroughs in decentralization remain elusive.

‎Plasma TVL Explodes as Yield Farmers Flock

‎Plasma, a stablecoin-focused Layer 1 blockchain, has seen its DeFi total value locked (TVL) surge to $4.924 billion just three days after launch—a staggering 541% increase in the past 24 hours. This meteoric rise has pushed Plasma past Base and Arbitrum, ranking it sixth among blockchains by DeFi deposits. The spike is largely attributed to lucrative airdrop incentives and high APYs offered to users locking assets in Plasma’s native lending vaults and partner DeFi protocols. Currently, the core lending vault holds $2.911 billion with an APY of 23.85%, attracting a wave of yield-seeking participants.

‎‎Analyst Perspective: Bitcoin’s Path Remains Volatile Amid AI-Driven Shifts

‎Market analyst Jordi Visser notes that, while Q4 often brings positive momentum for crypto assets, Bitcoin’s path to a new all-time high above $112,046 may see corrections of 20% or more—mirroring patterns seen in NVIDIA’s explosive stock rally post-ChatGPT, which saw multiple sharp pullbacks before new highs. Visser suggests that as AI disrupts traditional industries and equities, investors may increasingly turn to Bitcoin as a premier store of value for the digital age. Despite this, Bitcoin still trades about 11% below its all-time high, and mixed sentiment persists among investors regarding a Q4 breakout. Regulatory hurdles and slow progress on potential U.S. government Bitcoin reserves have also tempered some previously bullish forecasts, with some analysts now seeing official government accumulation as more of a medium-term catalyst for 2025.