Today's Key Highlights
Here are the important blockchain developments between 7:00 and 12:00:
- Fed Policy: The Federal Reserve confirmed its interest rate meeting will proceed as scheduled, drawing strong market attention.
- Ethereum Fees Drop: Ethereum network fees have fallen to the lowest level since May 2017, significantly reducing transaction costs for users.
- Base Ecosystem Update: A co-founder of Base emphasized that the core team will not manipulate token prices behind the scenes.
- Vitalik's Insights: Vitalik highlighted that the main challenges for blockchain scalability are computation, data, and state issues.
- Ethereum Staking Growth: Ethereum staking on a platform has reached 2 million ETH, potentially generating annual revenues exceeding $164 million.
- Virtual Asset Regulation in South Korea: South Korea's central bank is considering allowing domestic institutions to issue virtual assets, though stablecoins remain controversial.
- Crypto Legislation Progress: A Democratic assistant expressed willingness to return to negotiations, bringing a breakthrough in Senate Agriculture Committee crypto discussions.