TLDR: SEC Approves BTC ETFs, CoinShares Acquires Valkyrie, Buterin’s Plan to Increase ETH Gas Limit, Injective’s Volan Goes Live, EigenLayer Unite Ethereum and Cosmos & Circle Files for IPO.

Premium Content of the Week

Bitcoin Highlights of the Week

SEC Approves BTC Spot ETFs

Finally, the day arrived. This week, the SEC approved 11 BTC Spot ETFs where most notably institutions such as BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Valkyrie, Invesco, WisdomTree, Franklin Templeton, Hashdex, Ark Invest and 21Shares. Within two days, these ETFs traded a volume of $7.7B.

CoinShares Acquires Valkyrie

CoinShares, the European cryptocurrency investment firm, exercises its option to acquire US Bitcoin ETF issuer Valkyrie after they got the SEC’s approval for their BTC ETF.

Elon Musk Considers Using Bitcoin on Mars

Tesla CEO and SpaceX founder Elon Musk shared in a space hosted by ARK Invest CEO Cathie Wood, that the currency he could consider bringing to his Mars settlement would be Bitcoin. Originally opposed to the idea due to transaction time, however now Musk considers BTC being the right asset for Mars.

Phoenix Group Increases Mining Capacity

The Bitcoin mining and blockchain company, Phoenix Group PLC, has increased its mining capacity with its latest $187M investment of Bitmain Development’s latest mining machines.

Bitcoin Core v27 Update Aiming to Eject Ordinals

The Bitcoin Core v27 Update aims at ejecting Ordinals, the Bitcoin NFTs, from its blockchain as Ordinal supporters consider a hard fork of Bitcoin similar to Bitcoin Cash and Bitcoin SV in order to keep their NFT on-chain without the risk of their collectibles being nullified by Bitcoin core developers.

The Department of Justice Holds Bitcoin

The Department of Justice in the US announced that it has a BTC holding of 120K bitcoin, valued at $5.4 billion, making the US government a major bitcoin holder in the world.

Ethereum Highlights of the Week

Vitalik’s Plan to Increase Gas Limit

Vitalik Buterin’s recent suggestion to increase the gas limit on Ethereum has sparked concern in the Ethereum dev community. Buterin has openly advocated for a 33% gas limit increase to potentially improve network throughput.

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