Firedancer Proposes Removing Solana’s Block-Level Compute Unit Limit
Highlights in Cryptocurrency Tech Development
Solana's Block Proposal: Jump Crypto's Firedancer team proposes removing Solana's block-level compute unit limit, potentially increasing block size and transaction throughput. This change follows the Alpenglow upgrade, aiming to reduce congestion during high demand periods. Read more
Bitcoin Governance Debate: A controversy arose over claims that Bitcoin developer Luke Dashjr advocated for a hard fork to install a multisig committee with blockchain-altering powers. Dashjr denied these claims, emphasizing no hard fork proposal exists. Read more
UN Blockchain Experiment: The UN implemented blockchain technology in its pension fund system, significantly improving identity verification and reducing paperwork. This move demonstrates blockchain's potential for global digital identity systems. Read more
Gate's Token Launcher: Gate introduced "Gate Fun," an on-chain platform allowing easy token issuance and trading on its new Layer-2 network, enhancing accessibility for users and developers. Read more
Investment and Market News
Strategy Earnings Boost: Due to Bitcoin's price increase, Strategy (MSTR) reports profits for the second consecutive quarter, potentially qualifying for S&P 500 inclusion. Read more
Sygnum Bank BTC Fund: Sygnum launched the BTC Alpha Fund, targeting annual returns of 8%-10% through arbitrage, paid directly in Bitcoin. This fund caters to institutional investors seeking yield without reducing BTC exposure. Read more
Regulatory Developments
CFTC Nomination Withdrawal: The White House withdrew Brian Quintenz's nomination for CFTC Chair following opposition. Quintenz continues his role in policy advisory at Andreessen Horowitz. Read more
SEC Crypto Custody Policy: The SEC issued a no-action letter permitting crypto custody by state-chartered trust companies, expanding options for registered advisers and funds. Read more
