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Ethereum Slashes Fees
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/334dbfe6-9be6-4864-8012-19e937380e6e/srr-eth-index-bigger.png?t=1707517752)
🚀 Ethereum Gears for Major Upgrade
March 13 Upgrade Plan: Ethereum is set for a major upgrade, the Dencun upgrade, on March 13. This update, the largest since April 2023, introduces "proto-danksharding" aimed at reducing layer-2 transaction costs.
Proto-Danksharding Details: Proto-danksharding, the core of the Dencun upgrade, facilitates cheaper auxiliary network transactions on Ethereum. This feature was successfully tested on three networks, with the Holesky testnet being the latest.
Future Ethereum Roadmap: Beyond Dencun, Ethereum's roadmap includes the Prague/Electra hard fork. This future update might incorporate "Verkle Trees", enhancing data storage capabilities without compromising block validation. Read More.
️ On today's Top Picks:
- ⚖️ Do Kwon wins second appeal.
- 🪂 Pixels $PIXEL airdrop is closing in.
- 💸 Altman seeks $7 Trillion for new project.
- 💰 Superform Labs raises $6.5M.
Read time: ⏰ 7 minutes
Crypto News
• ⭐️ Ethereum developers target March 13th for Dencun upgrade.
• Prometheum, the only US-registered crypto securities platform chooses Ethereum $ETH.
• Ethereum Name Service $ENS debating on releasing an in-house L2 dubbed, “the identity layer.”
• Frax $FRAX launches L2 network Fraxtal with mainnet available for specific launch partners.
• ⭐️ Do Kwon wins second appeal against Montenegro High Court's decision to uphold extradition requests.
• NYAG triples estimated size of alleged fraud to $3B in case against DCG.
• US Energy Information Administration now requires mining operations to report power consumption.
• Bakkt warns it may be unable to continue business due to insufficient funds.
• Wemade $WEMIX being investigated for allegedly dodging reporting duties.
Alpha
• Roadmap Calendar for February through April by LayerGG.
• What Is ERC404 and how does it work by Binance Research.
• Kinto launches Phase Three The Rescue with mainnet set for April.
• Orbiter launches Happy Lunar New Year campaign on Galxe.
• Bebop launches Flying Dragon quest on Rep3.
• Opal approved for a Balancer grant to develop Omnipools for LSTs/LRTs & stablecoins.
• Rabby Wallet releases Mobile Beta for Android with iOS coming soon.
• Guild introduces Guild Points Engine to reward most active members.
Airdrops
• ⭐️ Pixels $PIXEL is closing in by Olimpio.
• David Hoffman posts, "February is airdrop month, pt II," on X.
• Mode Intract campaign by CC2.
Finance News
• ⭐️ Sam Altman seeks as much as $7 Trillion for new AI chip project.
• US SEC fines 16 firms over $81M for record-keeping failures.
• US lawmakers accuse VC firms of funding Chinese military-linked firms.
• Microsoft $MSFT closes at a $3.12 Trillion market cap, the largest market cap for a US company ever.
• Nvidia $NVDA to build custom AI, console, and telecom chips for high-profile customers.
• Cloudflare $NET revenue and adjusted earnings surpass expectations as company wins larger deals.
Security and Exploits
• DeBank releases Lock Address feature in the event that your private key gets compromised.
• Revoke announces support for Mode.
• Samsung updates Magician software after high severity vulnerability was found.
Token Unlocks
• Moonbeam / 3.04M $GLMR / ~$1.2M / FEB 10
• Aptos / 24.84M $APT / ~$218M / FEB 11
Funding
• ⭐️ Superform Labs, a universal yield marketplace; raises $6.5M in funding led by Polychain Capital.
• Flood, a DEX aggregator; raises $5.2M in Seed funding led by Bain Capital Crypto & Archetype.
• Fuzzland, AI x dynamic analysis solutions for Web3; raises $3M in Seed funding led by 1kx.
• UniSat, a Bitcoin service provider; raises an undisclosed amount in Pre-Series A funding led by OKX Ventures.
• DEXTools; a DeFi application; raises an undisclosed amount in Seed funding led by OKX Ventures.
The Degen Farmer
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PROTOCOL | ASSETS | APY |
---|---|---|
![]() | USDTUSDC | 90.38% |
![]() | NUSDC | 64.57% |
![]() | MIMARBUSDCEUSDT | 58.54% |
MIMUSDCUSDT | 51.81% | |
![]() | DOLAUSDC | 42.11% |
![]() | USDC | 31.07% |
![]() | USDTUSDC | 29.91% |
![]() | JUSDC | 29.42% |
+$600,000,000 in airdrops was lost | ![]() |
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That’s it for today’s edition! See you soon.
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