Vitalik Buterin proposes EIP-7983 to cap transaction gas at 16.77 million, aiming to boost Ethereum security, stability, and zkVM compatibility.

Vitalik proposes gas cap to enhance Ethereum security, stability

With the crypto economy cruising at $3.33 trillion and bitcoin hovering just 
under 5% from its record high, plenty of other digital assets are still 
playing catch-up on the road to fresh all-time highs. Altcoins Flatline as 
Bitcoin Hovers Below Record Territory It’s been 44 days since bitcoin (BTC) 
blasted to its weighted all-time high […]

The Great Altcoin Stall—Big Names Struggle to Regain Momentum

Grammy‑winning artist Drake has just put out a new track called What Did I 
Miss? that makes a clear link between his rocky love life and Bitcoin’s wild 
swings. According to reports, he raps, “I look at this shit like a BTC, could 
be down this week, then I’m up next week.” Related Reading: XRP’s Time Is Now, 
Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’ That line isn’t 
just catchy—it&#8217;s another sign of how Bitcoin references are moving past 
finance blogs into hit songs. Adoption Numbers And Hype Based on reports from 
River, nearly 5% of the world’s population has used or owns Bitcoin so far. 
That’s a long way from Blockware’s forecast that 10% could be on board by 
2030. Those numbers show that while the buzz is loud, real wallets holding 
Bitcoin remain few. For many, Bitcoin is still a headline rather than a habit. 
State Level Moves Shift Policy Last month, Texas became the first US state to 
set up a public Bitcoin stockpile. Governor Greg Abbott signed Senate Bill 21, 
creating a standalone fund run by state&#8217;s comptroller. That setup keeps the 
reserve out of the normal state treasury, so it can’t be raided for other 
expenses. A follow‑up bill, HB 4488, cements its legal protection, making sure 
the fund stays intact no matter what. Not every state has pushed ahead. In 
May, Florida dropped its crypto legislation, joining Wyoming, South Dakota, 
North Dakota, Pennsylvania, Montana and Oklahoma in pulling back. Arizona’s 
House Bill 1025, despite getting farther than any similar measure, was vetoed 
by US President Donald Trump on May 3. Bitcoin Lyrics Hit Home Drake’s new 
verse isn’t his first high‑stakes play with crypto. Back in 2022, he put $1 
million worth of Bitcoin bet on the Super Bowl. That bold wager grabbed 
headlines and showed he takes crypto chances seriously. Related Reading: The 
Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead Now, by 
weaving Bitcoin into his music, he’s giving millions of listeners a taste of 
what traders already know: prices can swing hard, fast, and without warning. 
Looking ahead, Drake’s new song and Texas’s reserve show two sides of crypto’s 
rise. The pop‑culture nods pull attention, while real‑world policies test 
whether Bitcoin can move from hype into everyday use. If both trends keep 
climbing, Bitcoin could win more hearts—and wallets—in the years to come. 
Featured image from Chris Delmas/AFP/Getty, chart from TradingView

Bitcoin Meets Heartbreak In Drake’s Latest Track—Details

Crypto adoption is rapidly growing in high-growth markets, where the 
technology is solving real-world problems, like remittances, financial 
inclusion and supply chain inefficiencies.

Crypto adoption will be driven by high-growth markets, with or without the US

While Solana faces pressure below the $150 level, several altcoins are posting 
major gains, with Orion (ORN) leading the pack with a 400% increase.

Orion leads altcoin rally as Solana falters below $150

Bitcoin started the month of July with a convincing rally to the upside, 
suggesting a sustained bullish sentiment amongst investors from its 
performance by the end of June. The upward rally, however, cooled off 
following the release of positive employment data by the United States. 
Traders might have expected this data to be typically bullish, but that has 
hardly been the reality for the Bitcoin price. Nevertheless, a certain 
investor cohort, as shown by on-chain revelation, has decided to return to the 
market and bet on the world&#8217;s largest cryptocurrency by market capitalization. 
Retail Investors In, Long-Term Holders Out? In a Quicktake post on the 
CryptoQuant platform, on-chain analyst Amr Taha highlighted the increasing 
divergence between retail and institutional behavior in the BTC market. 
Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel 
Bullish Outlook Taha started by pointing out that Binance Bitcoin futures Open 
Interest (OI) has remained below $11.5 billion. The crypto pundit explained 
that this price level has been acting as strong resistance, as Bitcoin traders 
have repeatedly closed positions near this price threshold. Interestingly, 
these levels are very close to the same price region around which resistance 
was observed on June 10th. Taha stated that this could mean the bullish 
momentum is beginning to wane for the flagship cryptocurrency. On another 
hand, short-term holders (STH), who are typically the retail traders, have 
increased their exposure to the market by about 382,000 BTC. This can only 
mean that there has been renewed retail interest in the flagship 
cryptocurrency. Contrary to the short-term holders’ actions, the long-term 
holders (LTH) reduced their holdings by an amount similar to the STH exposure. 
Taha explained that this could be a result of profit taking or risk management 
within this investor class. In essence, the retail investors are “buying the 
dip,” while the more experienced are seemingly reducing their risks. Bitcoin 
Whales Enter Distribution Phase Also supporting the conceived idea of caution 
in institutions and whales, Taha reported that large holders (holders with 
over 10,000 BTC) offloaded about 12,000 BTC on the 3rd of July. This kind of 
move, according to the analyst, signals potential profit taking or perhaps 
strategic reallocation. Besides what they might signify, large transactions 
tend to have a substantial impact on market dynamics, as significant amounts 
of BTC are involved in each trade. However, the large holders were not the 
only profit takers. According to Taha, mid-sized whales (those holding 
1,000-10,000 BTC) also shed some of their holdings. From June 30th, 
approximately 14,000 BTC were sold by this class. Deducible from these 
transactions is the idea that the whales seem to be in their distribution 
phase, either because they anticipate further bearish momentum or await better 
positioning opportunities. If macro conditions remain favorable, the Bitcoin 
market could resume its bullish rally, but this ultimately falls on the 
renewal of larger players&#8217; confidence. For now, the road ahead remains 
uncertain. As of this writing, Bitcoin is valued at $108,152, with no 
significant movement in the past 24 hours. Related Reading: Bitcoin Price To 
See 52% Increase To $166,000, Analyst Reveals Tight Timeline Featured image 
from iStock, chart from TradingView