Ethereum's Dencun Upgrade Activated

JPMorgan's Jamie Dimon Defends Right To Buy Bitcoin, Drake Shares Michael Saylor's Video

Welcome to Coinfeeds Daily Digest! Today we cover Ethereum's developers having finally released the Dencun proto-dank sharding upgrade through EIP-4844 whose 'blobs' Gnosis Chain has already activated, leading the commitment to scaling. The upgrade is expected to cut fees by up to 90% for some layer 2 chains and greatly improve data handling. JPMorgan's Jamie Dimon is defending the right to buy Bitcoin, although he said he'd never do it himself, and Drake has shared Michael Saylor's bullish video clip on Bitcoin. Also, a report from Crypto Intelligence suggests that Bitcoin ETFs, which currently collectively hold 4% of Bitcoin's supply, would hold 10% of the supply by 2024 Q4. Also learning from Michael Saylor, specifically MicroStrategy, Coinbase is planning to raise $1 billion through a convertible debt offering that wouldn't affect COIN stockholders.

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Ethereum's Dencun Upgrade Finalized

The Ethereum blockchain has gone through a significant transformation with the upcoming 'Dencun' upgrade, a combination of the Deneb and Cancun updates. This upgrade has just been activated at 13:55 UTC today and is designed to make a considerable impact on the way fees are structured, especially for layer-2 networks. Gnosis has already activated blob transactions. | Read More

Bitcoin ETFs to Hold Over 10% of Total Bitcoin Supply

According to a report by Crypto Intelligence, Bitcoin ETFs, which currently hold over 4% of the total 21 million BTC that will ever be mined, are expected to see their holdings increase to over 10% by Q3. This projection is based on the assumption that applications for Ether spot ETFs in the US will be rejected, potentially shifting investor focus and demand towards Bitcoin ETFs. | Read More

Drake Shares Michael Saylor's Video Clip On Bitcoin

Canadian rapper Drake shared a video clip of Michael Saylor, a prominent Bitcoin advocate, on his Instagram account. The artist has previously shown his interest in Bitcoin, including placing bets on the Super Bowl using the cryptocurrency and serving as an ambassador for a crypto gambling site. However, this post marks one of the first significant celeb endorsements of Bitcoin in the current market cycle. | Read More

Coinbase Eyes $1B Convertible Debt Offering

Coinbase, the renowned cryptocurrency exchange, is setting its sights on a significant financial maneuver designed to bolster its position in the rapidly evolving digital asset market. The company has announced plans to raise $1 billion through a convertible debt offering, a method that aims to infuse the firm with fresh capital without adversely affecting current stock investors. | Read More

Jamie Dimon Defends Bitcoin Buying Rights, Though Would Not Buy Himself

Jamie Dimon, the CEO of JPMorgan Chase, has made it clear that while he may not be a fan of Bitcoin, he staunchly supports the right to buy it. While defending the right to buy Bitcoin, Dimon has not shied away from voicing his concerns. He has pointed out the risks associated with investing in such volatile assets, especially in light of government perspectives on cryptocurrency. | Read More