What's MegaETH? ($)
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📸 Daily Market Snapshot: A number of top altcoins took major haircuts as the market went red after days of more muted price action. ENS dropped 17%. FTM fell 15%. LDO took a 10% haircut. But most concerning to traders was BTC's drop below $60K.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.20T | ↘4.0% | ↘2.7% |
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BTC $59,793 | ↘3.4% | ↘1.8% |
|
ETH $3,274 | ↘4.1% | ↘3.2% |
|
ETHFI $2.37 | ↘11.3% | ↘26.9% |
MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per second (TPS), just announced that it has received $20M in seed funding at a $100M+ valuation!
The star-studded raise was led by Dragonfly Capital and includes notable angle participation from Ethereum founder Vitalik Buterin, Consensys founder Joe Lubin, Lido/Flashbots strategy lead Hasu, prolific crypto trader Cobie, and EigenLayer founder Sreeram Kannan. The big names involved have attracted some major attention to the upstart chain.
Today, we’re discussing what MegaETH is building 👇
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
Is the Chevron Deference case good for crypto? Is it good for the U.S.? Or is this a giant tradeoff that will lead to bad outcomes?
Crypto enthusiasts, pro-tech individuals, and those on the right say this will stop regulators from making random rules. Non-crypto sources, mainstream media, and those on the left say it will lead to chaos, unchecked corporations, and poor governance.
So, what’s the truth? That’s what we’re here to find out. Our guest today is Justin Slaughter, current policy director at Paradigm.
Listen to the full conversation 👇
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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