Bankless ROLLUP: Goerli Merge | Tornado Cash Ban | Coinbase BlackRock Deal | Fake Solana DeFi?
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Aug 12, 2022 Explore the buzz around the Ethereum merge and the legal controversies surrounding Tornado Cash. Uncover Coinbase's strategic partnership with BlackRock and its implications for the crypto market. Dive into the rising security threats in DeFi, while evaluating Ethereum's recent surge post-merge. Discuss the complexities of Layer 2 solutions and EIP-1559's impact on transaction costs. Engaging humor and thought-provoking insights make this a must-listen for crypto enthusiasts!
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Low Gas Prices
- Ethereum gas prices are down due to lower demand and improved scaling solutions.
- This contrasts with ETH's bullish trend and raises questions about future gas price dynamics.
EIP-1559 and ETH Burning
- EIP-1559 burns ETH, but only if gas fees exceed a threshold, currently 15 gwei.
- With current fees at 9 gwei, ETH issuance continues, highlighting scalability's impact on burning.
CPI and Market Optimism
- July's CPI report showed 8.5% YoY inflation, but zero inflation for the month itself.
- Markets reacted positively, suggesting hopes for a mild recession and a potential "soft landing."