Join Matt and Nick as they break down Bitcoin’s rise to two-year highs and why all crypto investors should monitor Ethereum’s big upgrade in March. They also cover Solana’s outage, EigenLayer restaking mania, and more.
Key Takeaways
- Bitcoin (BTC) closed at its highest price since December 2021 as it nears $50,000. Strong demand for ETFs has likely been one of several reasons for this latest rally.
- Ethereum (ETH) is set to undergo its ‘Dencun’ upgrade on March 13. This will slash the cost of using L2s (e.g. Optimism, Arbitrum, Base).
- Solana (SOL) suffered a five-hour outage, its first in nearly a year. While sentiment was not materially damaged in this instance, it likely would be if Solana were to experience repeat outages over the coming weeks. (Read the post-mortem.)
- EigenLayer saw a near tripling in total value locked (TVL) after the restaking protocol lifted its deposit caps temporarily. TVL is now worth $6.1B.