Weekly Update - Layer 1 & Layer 2 News (Week 5, 1/2/2022 - 7/2/2022)
Sphere 3D to buy 60,000 units of $BTC mining gear, plans to get 15% of global hashrate. Vitalik Buterin talks about near-future hard fork for $ETH.
Key Takeaways
Sphere 3D has announced an agreement to buy 60,000 pieces of Bitcoin (BTC) mining equipment, with which it estimates to generate at least 15% of the hashrate of the current global network. This deal would also put Sphere 3D on pace to be one of the largest carbon-neutral bitcoin miners.
In a recent tweet, Ethereum (ETH) co-founder Vitalik Buterin discussed some proposals to add ‘blob-carrying transactions’ in a near-future hard fork, bringing higher scalability to rollups before full sharding is complete.
Polkadot (DOT) deposits and withdrawals are now live on the Crypto.com app via Cronos (CRO) chain. In addition, Crypto.com recently announced a multi-year partnership with the LeBron James Foundation to provide crypto education to underserved communities.
Cronos (CRO) saw a +7.99% increase in total transactions to 14.00M and an increase of TVL to $2.23B (+14.95% week-on-week). The total number of wallet addresses now stands at 344,336, up +1.37% from last week.
Highlights
Ethereum’s main client almost ready for the merge to proof of stake
Official: Total number of Cardano wallets hits 3 million milestone
Cardano uses the least amount of electricity per node, says CCRI Research
IMX token tumbles as GameStop appears to dump $42M from Immutable X grant
Shiba Inu leads market comeback with massive 22% leap as launch of its layer-2 blockchain nears
Polygon joins arms race to become ‘the AWS of Web 3’ with $450 million in fresh funding
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