Welcome to the protocol, Coindesk summarizes the most important stories in cryptocurrency technology development every week. I am Margaux Nijkerk, a technology and protocol reporter at Coindesk.
In this question:
- Vitalik Buterin’s new proposal seeks 16.7 million gas caps on Ethereum to curb transaction inflation
- Jack Dorsey unveils bitchat: offline, Bitcoin-inspired encrypted messaging
- Volkswagen ADMT TAPS based on Solana’s HiveMapper Bee map for driverless data
- Features Lab Axis are 25% of the employees, focusing on building eigencloud
Online News
Vitalik Buterin’s new Ethereum proposal: one New Ethereum suggestionsCo-authored by Vitalik Buterin and Toni Wahrstaetter, it aims to apply a hard cover to the maximum gas that transactions may consume and, in the mobile developer, said network stability and make the chain more feasible for certain applications. The proposal EIP-7983 recommends limiting a single transaction to 16,777,216 gas (2²⁴) – with the sharp changes in the current design, which technically allows a single transaction to consume the entire block of gas distribution. As a design option, several performance and safety challenges are introduced. When a single transaction consumes almost all of the available gas, it destroys the distribution of workloads across the network and often makes execution less efficient. Therefore, the proposed hat is expected to simplify engineering challenges and align with Ethereum’s shift to modularity, although it may require grouping large transactions. – Shaurya Malwa Read more.
Jack Dorsey unveils: Jack Dorsey, founder of Twitter (now X) and Fintech Company Block (SQ), published the white paper of Bitchat, a decentralized messaging protocol that allows for fully encrypted communication without the Internet. Bitchat will run via Bluetooth Low Energy (BLE), allowing nearby devices to form a mesh network for message transmissions one by one. white paper. When a message is sent, it will travel through nearby devices until the recipient reaches the recipient, making it resilient in an offline or censorship environment. While not explicitly citing Bitcoin, cryptocurrency, or blockchain, Dorsey describes Bitchat as a “decentralized, peer-to-peer messaging application” but evokes the Introduction to Bitcoin White Paper It is described as a “peer-to-peer version of electronic cash”. – Jamie Crawley Read more.
Solana Hivemapper collaborates with Volkswagen: Volkswagen manufacturer’s self-driving car testing subsidiary, borrows from HiveMapper’s Bee Maps to support its self-driving operations by mapping data in real time. A Bee Maps spokesman told Coindesk. The deal highlights the growing growth of crowdsourcing geospatial data as autonomous ride-sharing companies seek more precise, latest mapping infrastructure. It also demonstrates the growth of the decentralized physical infrastructure network (DEPIN), which uses blockchain incentives to collect data from the masses. HiveMapper is one of the most famous depin projects in the Solana ecosystem. according to Wall Street JournalVolkswagen’s autonomous driving division has been testing its “Robotaxi” fleet in recent months. In April, The company also announces partnership with Uber To launch the service in the U.S. market, the pilot operation is scheduled to be in late 2025 and is scheduled to be launched more widely in 2026. Margaux Nijkerk Read more.
In the reorganization, the Bentrabs ruled that employees: Eigen Labs, the main developer behind the Restaking Agreement Eigenlayer, cut its workforce by 25% and lost 29 positions as CEO Sreeram Kannan said he reorganized the company into Focus on developing eigencloudHe calls it a “verifiable” alternative to existing opaque cloud services. The Seattle-based startup said the firing was not a response to the cash crunch. The news came as the company had processed its due evasion share, There are no key mechanisms With leading Ethereum Foundation digital when launching its major products Received large sums Consulting role. Eigenlayer was once one of the hottest projects in cryptocurrencies, reaching $20 billion InTotal value is locked in June 2024. Now there is $12 billion. – Francisco Rodrigues Read more.
In other news
- BIT Digital (BTBT) is now the owner of over 100,000 Ether (ETH), providing more capital for the world’s second largest cryptocurrency after exchanging the Bitcoin stack and $172 million in capital raising funds. From holding 24,434 ETH as of the end of March, BIT Digital now has about 100,603 ETH ($189.2 million), making it one of the largest corporate ETH holders, i.e. The company said. BIT Digital reveals that its plans are focused only on ETH Staking last month, which is not entirely unexpected, as Bitcoin miners have a more challenging environment Rich experience since halving last year. – Jamie Crawley Read more.
- U.S. President Donald Trump’s Media & Technology Group (NASDAQ: DJT) has proposed listing crypto exchange-traded funds (ETFs) that will track a range of digital assets, a series of such efforts related to the Trump brand. The proposed “Truth Social Crypto Blue Chip ETF” will have a portfolio of five tokens: Bitcoin (BTC), Ether (Eth) (Eth), solana (sol), XRP (XRP) and Cronos (CRO) (CRO), According to documents submitted to the SEC. Eighty-five percent of the fund’s holdings will be distributed between Bitcoin and Ethereum. Solana will account for 8%, Cronos 5%, and XRP 2%. – Helene Braun Read more.
Regulation and Policy
- The federal judge ruled that the U.S. Treasury Office of Foreign Assets Control (OFAC) sanctions on privacy tool Tornado Cash cannot be discussed in the upcoming trial of the developer Rome Storm. At a status meeting in Manhattan on Tuesday, District Judge Katherine Polk Failla initially made a statement on whether she allowed expert witnesses to testify in August 2022, which was first implemented in March this year and was subsequently ruled by a Texas court. After hearing the debate on prosecution and defense, Farala decided to approve the storm’s motion At the limit Willing to ban testimony against sanctions altogether, the jury could not do what she called “psychological gymnastics” to understand why the sanctions were imposed and eventually removed. – Cheyenne Ligon Read more.
- The U.S. Department of Justice (DOJ) accused two people of their role in Omegapro, a crypto and investment Ponzi scheme that deceived more than $650 million of investors. Michael Shannon Sims, founder and sponsor of Omegapro and Juan Carlos Reynoso, who leads Omegapro’s operations in Latin America and operations in certain parts of the United States, are accused of conspiring to commit wire fraud and money laundering, According to the published documents. Omegapro is an international investment program that went bankrupt in 2022. In 2024, Andreas Szakacs, the co-founder of the program Arrested in Türkiye Because he was involved in Omegapro. – Parikshit Mishra Read more.
calendar
- July 16-18: Web3 Summit,Berlin
- September 22-28: South Korea Blockchain WeekSeoul
- October 1-2: Tokeen2049Singapore
- November 17-22: DevConnectBuenos Aires
- December 11-13: Solana Break PointAbu Dhabi
- February 10-12, 2026: consensusHongkong
- May 5-7, 2026: consensus,Miami
