ETHEREUM RAMPING UP
Ethereum testnet net successful forks in Shanghai upgrade rehearsal and the Shanghai upgrade for those who don't know is when people will be able unstable their staked Ethereum. It is going to cause market volatility in my opinion but this is good news. Lido finance is putting an active stake rate limit after somebody or a collective staked 150,000 in one go. So there is a huge demand for Ethereum ramping up right now. I think with what we saw will Coinbase and their base token, they are going to dominate Defi. It was a huge win for Ethereum's underlying layer 1 that all of these layer 2s are going to use for their security.
Coinbase to suspend BUSD stablecoin and even Binance said they are going to stop trading. Unfortunately, whether you like it or not regulations are coming and it part of what will usher this space into the big leagues. Do you really these western nations or China is going to allow this space to exist without in an unregulated fashion? There are likely going to try and bring it under their jurisdiction and their rules and that's how it going to exit within these countries unless they get overthrown. Regulations is coming and it is what big players on the sideline are waiting for in other to load up. Blockchain is going to be the operating system that operate value and how it transacted around the world the globe.