Welcome to our weekly cryptocurrency tech development roundup. I'm Margaux Nijkerk, Ethereum protocol reporter. This issue covers key network news, including Movement's token dump scandal, where an investigation exposed a potential insider-dealing scandal involving a $100M series B round and a $38 million selloff after the token's debut.
We also delve into the ETH proposal to raise the gas limit ceiling, which could increase the blockchain's capacity to 3.6 billion units, allowing for an estimated 6,000 simple transfers per block. Furthermore, Bitcoin developers are debating data limits, with a proposal to relax long-standing limits on data size sparking fierce debate. Additionally, Base, a popular layer-2 network, has reached 'stage 1' rollup status, marking a significant step towards decentralization.