MagicBlock has secured $7.5 million in a seed funding round to support the 
development of real-time, fully on-chain applications on Solana. The company&#8217;s 
Apr. 25 fundraising announcement named Lightspeed Faction as the lead 
investor, with participation from Delphi Digital, Robot…

MagicBlock raises $7.5M to power on-chain games on Solana

The U.S. Federal Reserve has pulled back on rules that previously made it 
harder for banks to work with cryptocurrencies and stablecoins. In a press 
release published by the agency on Apr. 24, the Federal Reserve said it will 
no…

Federal Reserve withdraws restrictive crypto guidance for banks

The funds were raised via convertible notes and will be used to purchase and 
subsequently stake solana tokens with the goal of generating yield. Half- 
Billion Dollar Bet: SOL Strategies Gets Cash to Bulk up Solana Stash Canadian 
crypto company SOL Strategies has secured a $500 million convertible note 
facility from New York-based investment firm ATW […]

SOL Strategies Secures $500M to Increase Solana Holdings

Ethereum core developers are considering a four times increase in the layer 1 
gas limit as one of the key features for the next hard fork after Pectra, 
known as Fusaka.
The devs are proposing to test a raise in Ethereum&#8217;s gas limit to 150 million 
by the Fusaka hard fork, according to Ethereum Improvement Proposal (EIP) 
9678, introduced on April 23 by Sophia Gold, a developer on the protocol 
support team at the Ethereum Foundation.
During the last All Core Devs Execution (ACDE) meeting, there were discussions 
to make the gas limit increase a &#8220;key feature&#8221; of Fusaka, Ethereum core 
developer Tim Beiko said in an April 24 meeting summary.
&#8220;To align on client defaults and keep this as a priority, we&#8217;ve drafted an 
EIP. It&#8217;s a bit unconventional, but not unprecedented (see EIP-7840). We plan 
to get it merged early next week and formally SFI it on the next ACDE,&#8221; Beiko 
said.
&#8220;As we continue this work, we expect to identify changes that need to be made 
in-protocol to support a higher gas limit. This implies adding more EIPs to 
Fusaka, even though the fork scope is final.&#8221;
_Source:__Tim Beiko_
The next Ethereum upgrade, Pectra, is scheduled to go live on the mainnet in 
May. Fusaka has been flagged as possibly going online in late 2025.
## Gas limit increase a priority ahead of Fusaka
As part of the motivation for increasing the gas limit, the developers said 
there was great interest in scaling layer 1 execution and that it could likely 
be done by implementing any new features.
However, it requires guidance from execution layer developers because &#8220;we 
expect to find bugs in clients at higher gas limits than currently used on 
mainnet,&#8221; which will &#8220;require time from client developers both to test and to 
fix any bugs that arise, therefore it makes sense to include as an EIP in a 
hard fork to commit to this.&#8221;
_The developers behind the EIP say client developers will need time to test 
and fix any bugs that arise while increasing the gas limit. Source:__GitHub_
&#8220;While the gas limit is ultimately set by validators, we agreed that having an 
EIP to coordinate client defaults would help keep this a priority and ensure 
all clients update their defaults by the time Fusaka goes live,&#8221; Beiko said.
_**Related:**__**Vitalik Buterin says the app layer needs &#8216;good social 
philosophy&#8217; most**_
The average Ethereum gas limit was around 30 million after increasing in 
August 2021, according to data on Ycharts.
Validators supported raising the network&#8217;s gas limit on Feb. 4, increasing the 
maximum amount of gas used for transactions in a single Ethereum block. It&#8217;s 
just under 36 million at the moment, Ycharts data shows.
_**Magazine:**__**Ethereum is destroying the competition in the $16.1T TradFi 
tokenization race**_

Ethereum devs test a 4x increase in gas limit for Fusaka hard fork

Solana started a fresh increase from the $132 support zone. SOL price is now 
consolidating and might climb further above the $155 resistance zone. SOL 
price started a fresh increase above the $135 and $150 levels against the US 
Dollar. The price is now trading above $150 and the 100-hourly simple moving 
average. There is a connecting bullish trend line forming with support at $150 
on the hourly chart of the SOL/USD pair (data source from Kraken). The pair 
could start a fresh increase if it clears the $155 resistance zone. Solana 
Price Gains Over 10% Solana price formed a base above the $132 support and 
started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a 
move above the $135 and $145 resistance levels. The pair even spiked toward 
the $150 resistance zone. A high was formed at $154.55 and the price is now 
consolidating gains. There was a minor move below the 23.6% Fib retracement 
level of the upward move from the $145 swing low to the $155 high. Solana is 
now trading above $150 and the 100-hourly simple moving average. There is also 
a connecting bullish trend line forming with support at $150 on the hourly 
chart of the SOL/USD pair. The trend line is close to the 50% Fib retracement 
level of the upward move from the $145 swing low to the $155 high. On the 
upside, the price is facing resistance near the $154 level. The next major 
resistance is near the $155 level. The main resistance could be $162. A 
successful close above the $162 resistance zone could set the pace for another 
steady increase. The next key resistance is $175. Any more gains might send 
the price toward the $180 level. Pullback in SOL? If SOL fails to rise above 
the $155 resistance, it could start another decline. Initial support on the 
downside is near the $150 zone. The first major support is near the $145 
level. A break below the $145 level might send the price toward the $138 zone. 
If there is a close below the $138 support, the price could decline toward the 
$132 support in the near term. Technical Indicators Hourly MACD – The MACD for 
SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative 
Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support 
Levels – $150 and $145. Major Resistance Levels – $155 and $162.

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