1. Vitalik: Introducing multi-dimensional execution Gas will bring certain complexity at the EVM level
Ethereum co-founder Vitalik Buterin published his latest blog, "Multi-dimensional Gas Pricing". It mentioned that Gas incorporates multiple types of "efforts", mainly including: raw computing (such as ADD, MULTIPLY), reading and writing Ethereum storage (such as SSTORE, SLOAD, ETH transfer), data bandwidth, and the cost of ZK-SNARK proofs for generating blocks. EIP-4844 introduced multi-dimensional pricing in Ethereum for the first time, adding a dedicated Blob data area and setting independent prices and limits for it. This improvement has reduced the cost of Rollup by 100 times, increased transaction volume by more than 3 times, and only slightly increased the theoretical maximum block size. In addition, Vitalik also proposed two solutions to achieve multi-dimensional Gas pricing: 1. The simpler one is to set a resource cap for each transaction, that is, the Gas of each transaction is priced based on the larger value of the consumed data and computing resources, as suggested by EIP-7623. 2. The ideal but more complex solution is to establish a dynamic adjustment mechanism similar to EIP-1559 for each resource. Vitalik emphasized that the introduction of multi-dimensional execution Gas will bring certain complexity at the EVM level, but in order to safely improve the scalability of Ethereum L1, this trade-off is worth it. The community also needs to further explore more elegant designs in terms of the economy and development friendliness of the solution.
2. US Bitcoin spot ETF had a net inflow of US$11.5 million yesterday
According to Farside Investors' monitoring, US Bitcoin spot ETFs had a net inflow of US$11.5 million yesterday, of which only Bitwise BITB had a net inflow of US$11.5 million. Other Bitcoin spot ETFs had no outflow/inflow of funds or a small amount of liquidity.
3. Uniswap founder: Founders and VCs need to stop valuing startups and un-coined crypto projects at more than $1 billion
Hayden Adams, founder of Uniswap, posted on social media that cryptocurrency founders and venture capitalists need to stop valuing projects that are in the early stages of development and have not yet released tokens at more than $1 billion until they are truly worth this valuation. Building something worth 7-9 figures is an incredible achievement, and not every project needs to be a unicorn when it is first launched. In addition, Hayden Adams said that it may be a bit naive, but I think you can make more money as a founder raising funds at a fair valuation (real talents want upside) and as a venture capitalist investing at a fair valuation (limited partners want upside). It's just a little harder to do so.
4.Optimism: L3 built with OP Stack can now join the super chain
Optimism tweeted that L3 built with OP Stack can now join the Hyperchain. Officials said that joining the Hyperchain can access a wide network of Hyperchain builders and be eligible for Retro funding, airdrops, and growth activities. In addition, to support L3 builders, OP Stack will launch 2 key features: custom Gas tokens and Plasma Mode.
5. Trump announces he will accept donations to his presidential campaign in the form of cryptocurrency
Donald Trump announced that he is accepting donations in the form of cryptocurrency for the US presidential campaign. Trump said: "Biden doesn't even know what cryptocurrency is. If you like cryptocurrency, you'd better vote for Trump." Trump also promised that he would stop the US's hostility towards cryptocurrency and embrace it. (Watcher.Guru)
6. Arbitrum launches Stylus V2 on testnet
Offchain Labs has launched Arbitrum Stylus V2 on the Arbitrum Sepolia testnet. The V2 upgrade features lower gas fees, smaller contract sizes, improved tool support, and new system operations. It includes support for transient storage and strengthens security by limiting the types of WASM programs that can be activated. Stylus is a versatile programming environment that enables developers to create applications and smart contracts using WASM. It supports high-level programming languages such as Rust, C, and C++. The Stylus V2 version includes a bridge, an RPC, and a block explorer, allowing developers to simulate their applications in a production-like environment.
7. JPMorgan Chase: SEC's Wells notice to Robinhood will not hinder the final approval of the spot Ethereum ETF
JPMorgan analysts said that the SEC’s recent Wells Notice to Robinhood Crypto is unlikely to prevent the final approval of a spot Ethereum ETF. The SEC may eventually create a new intermediate category for Ethereum that classifies it neither as a commodity nor as a security.
8. CoinMarketCap registered a record 138 memecoins in April
According to anonymous analyst Crypto Coryo, CoinMarketCap registered a record 138 memecoins in April. Fast money is chasing PEPE and WIF. The memecoin season continues to push forward despite the stagnant rally in Bitcoin (BTC). Data tracking website CoinMarketCap lists a record 138 memecoins, continuing a parabolic uptrend that began with 18 in April 2023. There are currently 2,229 memecoins listed on CoinMarketCap with a combined market cap of over $50 billion, nearly as much as investment banking giant JPMorgan Chase (JPM) and American electric car maker Tesla (TSLA).
