Last week, crypto prices fell after two strong weekly rallies. The Nasdaq Crypto Index (NCI) was down 3.5%, led by bitcoin (BTC) correcting 1.9%, and ether (ETH) falling 7.1%. This correction took place only a couple of days after the release of CPI figures, above market expectations for February, which could indicate further delays in the beginning of Fed rate cuts this year.

 

 

Ethereum finalizes 'Dencun' upgrade to reduce second layer fees 

Despite ETH’s correction last week, Ethereum successfully implemented its long-awaited Dencun upgrade, marking a pivotal moment in the network’s broadband phase. A key aspect of this upgrade is the introduction of "blobs," a novel data storage solution aimed at significantly reducing transaction fees on Layer-2 networks and bolster Ethereum's scalability. The Hashdex research team shares their views on why it matters for investors here.

 

Bitcoin’s market capitalization surpasses silver

Bitcoin has surged to become the world's eighth most valuable asset, surpassing silver with a market capitalization of over $1.42 trillion. Its upward trajectory has been driven by the positive momentum of spot BTC ETFs in the US and the upcoming halving event in April of this year.

 

Goldman Sachs and other prominent firms continue work on tokenizing assets

Blue chip financial blockchain provider Digital Asset recently conducted an important trial of its Canton Network, collaborating with several large, traditional financial institutions. This innovative blockchain service facilitated seamless transactions and settlements of tokenized assets, showcasing its versatility from fund registry to margin management.

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