Weekly Project Updates: Litecoin ETF Undergoing SEC Regulatory Review, Sony's Layer 2 Blockchain Soneium Launches Mainnet, Bitcoin On-Chain Economic Activity Shows Signs of Decline, etc
1. 30% of Ethereum Validators Support Raising Block Gas Limit to 40 Million link According to Ethereum Foundation researcher Toni Wahrstätter, over 30% of Ethereum validators currently support raising the block gas limit from the existing 30 million to 40 million. Validators can express their support by modifying their node configurations without the need for a hard fork. Once over 50% of validators agree, the block gas limit will automatically adjust to the target value of 40 million. Ethereum co-founder Vitalik Buterin suggested a 33% increase last year. The “Pump the Gas” initiative, launched by Ethereum developer Eric Connor and former MakerDAO smart contract lead Mariano Conti, also advocated for increasing the gas limit to accommodate the network’s scaling needs. 2. NASDAQ Files 19b-4 Application for Canary Litecoin ETF link The Nasdaq exchange has submitted a 19b-4 filing for the Canary Litecoin ETF, officially initiating the SEC’s regulatory review process for the product. Fox ...