Ethereum co-founder Vitalik Buterin and researcher Toni Wahrstätter have put forward EIP-7983, which aims to introduce a protocol-level cap on transaction gas usage to increase network security and performance. The proposal sets a maximum gas limit of 16.77 million (2²⁴) for individual transactions. “By implementing this limit, Ethereum can enhance its resilience against certain DoS vectors, improve network stability, and provide more predictability to transaction processing costs,” the proposal reads. Under the current Ethereum (ETH) architecture, a single transaction can theoretically consume the entire block’s gas limit, posing a risk…
Day: July 6, 2025
Bitcoin, Satoshi, FTX, Brazil’s central bank
From billion-dollar Bitcoin movements to courtroom maneuvers and cross-border hacks, this week’s crypto headlines span the strange, the strategic, and the staggering. Dormant wallets from the Satoshi era suddenly sprang to life, Brazilian hackers used crypto to launder stolen bank funds, and FTX sought legal approval to distribute assets in restricted jurisdictions. Meanwhile, Robinhood and Deutsche Bank pushed deeper into blockchain development, Ripple secured a key payments partner, and Bitcoin treasury giants like Strategy and Metaplanet doubled down on accumulation. Here’s a roundup of the biggest developments shaking up the…
Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown
Bitcoin is currently holding just above the $108,000 level and bulls are maintaining momentum after a volatile start to July. However, a closer look at on-chain data shows how fragile that position might be. Interestingly, two support levels, $106,738 and $98,566, are now the most important zones for bulls to defend. These levels represent clusters of addresses holding large amounts of Bitcoin, and losing them could trigger a deeper correction. Related Reading Bitcoin’s Support Clusters Around $106,000 And $98,000 Taking to the social media platform X, crypto analyst Ali Martinez…
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Bitcoin’s True Value Is Higher Than $110,000, Expert Warns
Bitcoin’s climb past $110,000 this week has reignited a fresh round of bullish calls. Prices hit $110,150 on July 3 and traded a little past $108,000 level at last check, showing a small 0.41% dip in 24 hours but a 1.20% rise over seven days. Related Reading This steady move higher has drawn voices from social media, stirring debate on whether Bitcoin is truly underpriced or in danger of slipping back below key levels. Undervalued At $110K According to Altcoin Daily, Bitcoin at $110,000 is “undervalued,” with the analysts arguing…
Bitcoin: Escape Inflation & Fix the World’s Money!
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TON Offers UAE Golden Visa for $100K Staked, Promises 3–4% Yields
The Open Network (TON), the blockchain platform spun out of Telegram, has unveiled a new pathway to UAE residency, offering 10-year Golden Visas to applicants who stake $100,000 worth of Toncoin (TON) for three years and pay a one-time $35,000 processing fee. “Secure your Golden Visa in under 7 weeks from document submission to the Visa Office,” TON announced Saturday, detailing that with UAE-based partners will manage the visa processing and residency status confirmation. Applicants retain control of their assets during the staking period through a decentralized smart contract verifiable…
Michael Saylor should not burn his Bitcoin
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Michael Saylor plans to burn all of his Bitcoin (BTC), which means he is burning your lifeboat to safety from inflation, and that helps the few, not many. Saylor’s MicroStrategy plans to increase the number of BTC it holds. The accumulation plan again raises questions about Bitcoin’s scarcity, and the questions that arise when few entities acquire such a large percentage of the supply. Saylor has said…
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Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy
Key Notes Bitcoin and Ethereum have been leaving centralized exchanges over the past day. USDT and USDC recorded strong net inflows into exchanges for a potential buying spree. Peter Schiff hints at a “shadow Fed chair” for faster rate cuts. The crypto market volatility has declined while traders look optimistic about the incoming US Federal Open Market Committee (FOMC) Minutes, a detailed record of the discussions and decisions made during the agency’s meetings. Bitcoin (BTC) has been consolidating close to the $108,000 mark over the past 24 hours. Ethereum (ETH)…