TLDR: USDT deviated minorly from its peg. Uniswap Labs CEO Hayden Adams has outlined the vision for Uniswap V4, the next version of the Uniswap protocol. El Salvador unleashes $1 Billion Bitcoin Mining Project, Frax Finance is launching its own L2.

Bitcoin Highlights of the Week

1. El Salvador unleashes "Volcano Energy", a $1 billion bitcoin mining project with 241 MW renewable power generation plan in the Metapán.

“With an initial investment of $250 million and a total commitment of $1 billion, the park will have a capacity of 169MW of photovoltaic solar energy and 72MW of wind energy” - Bitcoin Magazine

2. Strike enhances their infrastructure and users can now P2P sats to any other Strike user, including all of the new global markets.

3. Zion Social Network, a decentralized social media app, has introduced a new feature that allows users to make bitcoin payments using the Lightning Network within private direct messages.

4. ZEBEDEE has released an alpha version of its app upgrade, Social, which aims to transform social media engagement and content into monetary value. Creators on the platform will keep 99% of their earnings, providing a fair and value-driven experience.

5. Ambos unveils LINER (Lightning Network Rate), an index designed to measure bitcoin yield and cost on the Lightning Network. LINER serves as a benchmark interest rate for bitcoin without credit risk.

6. Riot Platforms is joining forces with Texas A&M University's Blockchain and Energy Research Consortium.

7. Riot Platforms awarded Research Grant to Tobin C. Harding, a prominent open-source developer, in order to support Harding's work on Bitcoin libraries written in the Rust programming language.

8. Stakwork, a micro-task platform that pays out users for completing simple tasks using the Lightning Network and bitcoin, pledges $180K to fund Bitcoin development.

9. Commerce Block introduce Mercury Layer, a new Bitcoin Layer 2 initiative inspired by Somsen Ruben’s statechains paper.

10. BitGo Holdings, Inc., has revealed its plans to acquire Prime Core Technologies, Inc., the parent company of Prime Trust, in a move aimed at providing secure and regulated services to Prime Trust clients.

11. Bitcoin has grown so that it is now possible to donate to a US Presidential Candidate with Bitcoin Lightning.

12. Video of a store of Comas in Lima, Peru accepting Bitcoin.

13. Video of buying a Tap Beer with Lightning at the Bitcoin Prague conference.

Ethereum Highlights of the Week

Dencun (Cancun + Deneb) upgrade:

• Latest all core devs – consensus (ACDC) call video. Notes from Christine Kim:

  • Deneb scope: EIP7044 (perpetually valid signed voluntary exits) & EIP4788 (beacon root in EVM); considered for inclusion: EIP7045 (increase max attestation inclusion slot) & EIP6988 (prevent slashed validator being elected block proposer)

  • Discussion on reorgs increasing and proposal to change sub-slot timing for block production, attestation & aggregation

  • Discussion on staking with more than 32 ETH per validator

• EIP4844:

  • Latest EIP4844 implementer call video. Notes from Terence 

  • Dankrad’s additional testing to size blobs per block

  • EIP4844 devnet 6 launched

  • KZG ceremony has over 110k contributions, lobby is empty

• Consensus-specs v1.4.0-alpha.3: patch to increase BLOB_SIDECAR_SUBNET_COUNT to 6

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