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Ethereum developers launch “pump the gas” campaign to raise gas limit Core Ethereum developers have started the “pump the gas” campaign to raise the blockchain’s gas limit from 30 million to 40 million. The initiative aims to reduce transaction fees on its primary layer by 15% to 33%, as announced on March 20. The idea stems from Eric Connor, a key Ethereum developer, and Mariano Conti, former head of smart contracts at MakerDAO, via a newly established website for the initiative. Their objective is to accommodate a 33% greater transaction volume daily on Ethereum, potentially reducing layer-1 transaction fees significantly. Today, @nanexcool and I are launching an effort to help raise the Ethereum gas limit from 30mn to 40mn

Bitget has unveiled a big update for its BGB token, with plans for ongoing quarterly repurchases and burns.Cryptocurrency exchange Bitget has announced updates to its Bitget Token Bitget Token BGB 13.58% Bitget Token whitepaper, introducing new changes to its tokenomics. According to a Friday announcement, Bitget will burn 800 million BGB tokens held by the core team, representing 40% of the total token supply. This burn will reduce the overall BGB supply to 1.2 billion tokens, with 100% of the remaining tokens in circulation. Bitget plans to release on-chain records of the burn, the press release reads. Amid the news, BGB’s price soared 23% to $8.36, bringing the token’s market capitalization to $11.7 billion. In addition to the initial burn, Bitget has committed to burning BGB every quarter by destroying 20% of its profits, which come from trading fees across Bitget’s services. The repurchased tokens will be sent to a burn address, the exchange said, promising to share the details of the burn after each quarterly event. The update comes a day after Bitget announced it will merge its Bitget Wallet Token with BGB to create one ecosystem token for both the Bitget exchange and Bitget Wallet. Starting in 2025, the combined token will expand into off-chain payfi scenarios, allowing payments in places like restaurants, travel, fuel, and shopping, offering users a one-stop web3 and consumption service. In addition, the company also announced on Dec. 27 an updated roadmap for the Bitget Wallet, in which BGB will become the primary token for multi-chain gas fee payments via its GetGase feature, set to being in January 2025.$BGB

SEC Approval for Spot $XRP ETF: When Will It Arrive? As we look ahead to 2025, one thing that crypto traders want is a more open trading environment, and what a lot of them hope for is XRP ETFs arrival. The race to launch a Spot $XRP Exchange-Traded Fund (ETF) is already gaining momentum, with multiple high-profile filings now in the SEC’s hands. Bitwise Asset Management, Canary Capital, 21Shares, and WisdomTree are among the firms vying for approval, signaling growing interest in XRP-focused investment products. The first filings started with Bitwise’s S-1 application on October 2 and 21Shares’ filing for Core XRP Trust shares on November 1. The most recent filing, submitted by WisdomTree on December 2, 2024, proposes the “WisdomTree $XRP Fund” to be listed on the Cboe BZX Exchange. These filings highlight the growing interest in XRP-based ETFs, with asset managers betting on the potential demand for a regulated, institutional-grade investment vehicle tied to the cryptocurrency. Historically, the SEC has been reluctant to approve crypto ETFs due to concerns over market manipulation and insufficient regulatory oversight. However, the approval of BlackRock’s Spot Bitcoin ETF earlier this year signaled a notable shift in the SEC’s stance. Adding to the optimism is SEC Chair Gary Gensler’s upcoming departure. Known for his stringent approach to cryptocurrencies, Gensler’s exit may open the door to more favorable regulatory decisions. Ripple’s recent legal victories in its case against the SEC over whether $XRP is a security also bolster the chances of an ETF approval. These developments have significantly strengthened XRP’s position in the regulatory landscape. Market analysts note that a Spot $XRP ETF could significantly impact XRP adoption by making the cryptocurrency more accessible to institutional investors, potentially boosting its liquidity and market value. The SEC typically responds to S-1 filings within 30 days, but the approval process often extends to several months. If the current filings follow historical trends, decisions on Spot $XRP ETFs could come as early as Q1 or Q2 of 2025.

Bitget, the leading cryptocurrency exchange and Web3 company, has released a new whitepaper for its native token, Bitget Token (BGB). The update introduces an unprecedented initiative to burn 800 million BGB tokens—valued at over $5 billion based on current market prices—alongside plans to expand the token’s utility. This move shows Bitget’s commitment to enforcing a deflationary supply model for BGB, accelerating its utility. The new whitepaper introduces an ambitious token burn plan, starting with the immediate and permanent burn of 800 million $BGB – 40% of the total supply – reducing the circulating supply to 1.2 billion. Beginning in 2025, Bitget will initiate quarterly burns by allocating 20% of profits from Bitget Exchange and Bitget Wallet, including revenues from spot, futures, and NFT transactions, to buy back and burn BGB. All burn activities will be recorded on-chain, ensuring transparency and accountability to the community. Bitget recently announced the merger of Bitget Token (BGB) and Bitget Wallet Token (BWB). Following this merger, $BGB will serve as the unified token for Bitget’s centralized and decentralized ecosystems. Currently, BGB offers various benefits to its holders, including fee discounts, VIP privileges, and access to token farming through Launchpool. Looking ahead, Bitget plans to expand BGB’s utility within on-chain ecosystems, positioning it as a core asset for staking, liquidity provision, and airdrop eligibility. Additionally, BGB will power Bitget Wallet services, such as multi-chain gas fee payments, while extending its use cases to everyday PayFi scenarios. In the competitive landscape of crypto exchanges, Bitget has distinguished itself as the fastest-growing centralized exchange (CEX) in recent years. This achievement is conquered by a team of 1,600 professionals across 60+ countries, a comprehensive ecosystem encompassing fiat, spot, margin, and futures trading, and cutting-edge technology ensuring a seamless trading experience. Bitget further strengthens user confidence with advanced security measures, including a $600M Protection Fund and a monthly updated Proof-of-Reserve report. Its proactive compliance strategy, and acquisition of licenses in multiple jurisdictions, strengthen its position as the world’s leading CEX. $BGB has shown notable performance in 2024, with its market capitalization increasing by over 1000% in the past year and over 100-fold since its inception. This strong growth is backed by a proven track record of the token’s strong use cases and the success of Bitget’s innovative ecosystem. The release of the updated $BGB whitepaper marks an important moment in Bitget’s journey. By reducing supply, enhancing utility, and expanding real-world applications, BGB is bound to strengthen more functionalities and products in the Bitget ecosystem driving sustainable growth and long-term value for holders.

$EARNM is a cryptocurrency token that aims to revolutionize the way people earn rewards in the digital world. Here's a breakdown of its key features and how it seeks to transform DeFi:$EARNM Core Features: * Universal Mobile Rewards Currency: $EARNM is designed to be a universal currency for mobile rewards. This means that users can earn $EARNM tokens for various activities on their mobile devices, such as playing games, watching videos, completing surveys, and more. * Gamified Incentives: $EARNM incorporates gamification elements to incentivize user engagement. This includes daily quests, achievements, and leaderboards, making the earning process more fun and rewarding. * Blockchain Technology: $EARNM is built on blockchain technology, ensuring transparency, security, and immutability of transactions. This also allows for decentralized and trustless interactions within the ecosystem. * Decentralized Exchange (DEX): $EARNM operates on a decentralized exchange, providing users with greater control over their funds and facilitating peer-to-peer trading. How $EARNM Revolutionizes DeFi: * Accessibility: $EARNM brings DeFi to the masses by making it accessible through everyday mobile activities. This eliminates the need for complex financial knowledge or technical expertise to participate in the DeFi ecosystem. * Inclusivity: By rewarding users for their time and attention, $EARNM democratizes access to DeFi, empowering individuals who may not have traditionally had the opportunity to participate. * Utility: $EARNM tokens have real-world utility beyond just speculation. They can be used to purchase goods and services from participating merchants, further expanding the reach and impact of the platform. * Community Building: $EARNM fosters a strong community of users through its gamified incentives and social features. This creates a vibrant ecosystem where users can connect, collaborate, and learn from each other. Overall, $EARNM has the potential to transform DeFi by making it more accessible, inclusive, and user-friendly. By leveraging blockchain technology, gamification, and a focus on mobile rewards, $EARNM aims to bring the benefits of DeFi to a wider audience and revolutionize the way we earn and spend in the digital world. $EARNM This information is for educational purposes only and should not be considered financial advice. Investing in cryptocurrencies involves significant risks, and you should carefully research and understand these risks before making any investment decisions.