Wouldn’t deleting OP_RETURN CAP unintentionally give users an incentive to choose the cheapest or most cost-deferred method?

Why is that happening? The limit does not make OP_RETURN more expensive, and if there is a limit it will make OP_RETURN cheaper, and the cost per byte of data is the same regardless of the limit. The increased limit is that OP_Return is more useful in situations where you want to add 80 bytes or more of data to the output. This is great for everyone as an output data substitute adds that data to the UTXO set.

Instead of treating all vectors equally, shouldn’t a policy try to manipulate the demand for any data for the “most harmful” output, like Op_return?

That’s what this policy actually does. It incentivizes people who store more than 80 bytes of data in the output. Otherwise, you’re using bare multisigs or multiple Taproot outputs to use good Op_return across your network.

All Bitcoin nodes unilaterally enforce protocol rules locally. Bitcoin Core (and most other Bitcoin Node Software) does do not have It has an automatic update function. The nodes will only be updated if the operator chooses to install a newer version of the software. Node Operator Determine what they consider to be Bitcoin Every time you select the version of software to run. Don’t update A version that implements new rules that break with established lessons in Bitcoin Expected decision. Bitcoin’s network rules emerge from these individual decisions.

Therefore, it is unlikely that they will succeed in convincing 17,000 of the 18,000 nodes to convince them. Spin up thousands of new nodes will not affect existing nodes. Implement your own implementation rules. Even if you convince a majority to upgrade to a newer version, minorities may stick to the old rules,The node following the old rule simply rejects the first block found by the new node and prohibits the peer to send invalid data. Each time a new node exposes the first block, the network is separated into two.

Basically, it looks like this: “I don’t care what rules your node accepts. My node enforces the rules I think are bitcoin.” You might reconsider when you see evidence that the economic majority is dependent on the new rules, but for the reasons mentioned above, I expect the economic majority to stick to the old rules just as they did when BCH branched out.

Ethereum’s throughput ticked up on Sunday as more validators signalled their support for increasing Ethereum’s gas limit to 45 million units, which will reduce transaction fees and enable improved network scaling.  

Ethereum’s gas limit rose to over 37.3 million units on Sunday, according to Etherscan, up almost 3% from levels late last week, while several blocks were proposed with higher gas limits.

The latest gas limit increase represents the first significant climb since February, when it was raised from 30 million to 36 million.

Improved transaction throughput

Higher gas limits mean more transaction throughput on Ethereum’s layer-1 network, and validators can automatically adjust the limit by about 0.1% per block when they signal support for changes.

Ethereum throughput ticked up to just below 18 transactions per second over the weekend, according to Chainspect. It has also risen since the last gas limit increase when TPS was around 15. 

Validators agree to “pump the gas”

The weekend gas limit increase came as nearly half of all staked Ether (ETH) is now signaling support to raise the gas limit to 45 million or higher through a grassroots “pump the gas” campaign.

“Almost exactly 50% of stake are voting to increase the L1 gas limit to 45 million,” observed Vitalik Buterin on Sunday.

Currently, 47.2% of staked validators are in favor of higher gas limits, according to GasLimits.pics.

Pump the gas 

The gas limit refers to the maximum amount of gas spent on executing transactions or smart contracts in each block. Gas is the Ether fee required to conduct a transaction or execute a smart contract on the network.

Ethereum developers launched the “pump the gas” campaign in March 2024 to initially raise the Ethereum gas limit from 30 million to 40 million, which they claimed would reduce transaction fees on layer 1.

Buterin noted that recent Geth, the most popular Ethereum node client, team improvements make these scale increases safer with new archive node optimizations.

Related: More than 50% of validators signal to increase ETH gas limit

Ether activity and price continue higher

Ethereum network activity has also increased in recent months, with an uptick in daily transactions from around 1.1 million in April to current levels around 1.4 million, according to Etherscan. 

The uptick in network activity has correlated with an increase in price, with the asset gaining a whopping 54% over the past month. 

Ether topped $3,800 briefly in a seven-month high on Sunday as corporate treasuries and exchange-traded funds continue to load up. 

Magazine: Outrage as $1.8B ‘DGCX’ crypto scam ringleader mocks victims: Asia Express

]]> https://earlybirdsinvest.com/ethereum-is-scaling-tps-gas-limit-up-as-validators-back-45m-target/feed/ 0 48821 https://earlybirdsinvest.com/bok-pushes-for-bank-led-stablecoin-rollout-to-limit-risks/ https://earlybirdsinvest.com/bok-pushes-for-bank-led-stablecoin-rollout-to-limit-risks/#respond Mon, 30 Jun 2025 06:26:36 +0000 https://earlybirdsinvest.com/bok-pushes-for-bank-led-stablecoin-rollout-to-limit-risks/

The Bank of Korea (BOK), the central bank of South Korea, is calling for a slow and controlled introduction of stablecoins in the country.

Deputy Governor Ryoo Sang-dae believes that commercial banks should be the first to issue these digital tokens, before allowing other institutions to take part.

Speaking at a press conference on June 24, Ryoo said, “It would be desirable to initially allow stablecoin issuance primarily through banks, which are subject to higher levels of financial regulation, and gradually expand it to the non-banking sector”.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

What is a Crypto Airdrop & How to Get FREE Coins? (Animated)

He explained that the goal is to create a layer of protection in case stablecoins cause problems in the market or negatively affect consumers.

Ryoo also noted that stablecoins, if widely adopted, could impact the country’s currency policies. He warned that they could lead to faster movement of money overseas and might push South Korea to rethink its current approach to foreign exchange and the role of the won in global markets.

He added that a rollout of these tokens could raise questions about changes to the financial system, including the idea of “narrow banking”, where banks are limited to holding only safe assets.

Additionally, Ryoo said the central bank will continue its work on a digital version of the won. He described the central bank digital currency (CBDC) as a possible tool to manage the risks that come with private stablecoins.

On June 17, Malaysian Prime Minister Anwar Ibrahim announced the Digital Asset Innovation Hub. What is it? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

---

Journalist

Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

Share

Last updated: 

June 24, 2025

Turkey’s Ministry of Treasury and Finance is tightening regulations on crypto asset service providers in a bid to clamp down on illicit financial activities. According to the Ministry, digital asset platforms must now collect and verify more detailed information about user transactions.

This information includes obtaining a written explanation of at least 20 characters describing the purpose of each transfer, along with verifying the origin of funds involved.

Per AA, the government believes this measure will enhance transparency and help identify suspicious activity earlier in the transaction process.

Turkey Impose Withdrawal Restrictions to Disrupt Illicit Flows

In a major shift, the new regulation imposes a delay on crypto asset withdrawals. Any crypto purchased, exchanged, or deposited will be subject to a 48-hour waiting period before it can be withdrawn.

For new users making their first withdrawal, the waiting period will extend to a minimum of 72 hours. Authorities believe these delays will reduce the ability of criminal actors to quickly transfer illicit funds outside the system before they are detected or blocked.

Stablecoins are also under scrutiny in the new regulatory framework. The Ministry will impose a daily transfer cap of $3,000 and a monthly limit of $50,000 for these digital assets.

These restrictions are designed to prevent the rapid movement of large sums of money that may be connected to illegal betting, fraud, or other criminal proceeds.

However, platforms that fully comply with the travel rule, which requires collecting identifiable information about both sender and receiver will be allowed to operate with limits twice as high.

While the regulations are strict, the Ministry emphasized that they do not aim to stifle legitimate activities within the crypto space. Treasury and Finance Minister Mehmet Şimşek stated that transactions linked to market making, liquidity provision, and arbitrage will be permitted without restriction.

Notably, the Ministry issued a clear warning to platforms that fail to comply with the new rules. Sanctions may include administrative penalties, financial fines, or even the denial or cancellation of operational licenses.

Turkey Continues to Tighten Crypto Legal Framework

The latest enforcement actions build on Turkey’s broader regulatory overhaul published on March 13, 2025, through amendments to Capital Markets Law No. 6362. These changes placed crypto platforms under the oversight of the Capital Markets Board (CMB).

Two communiqués, III-35/B.1 and III-35/B.2 set out new rules for platform structure, capital requirements, internal audits, and customer protection. Platforms must be joint-stock companies with minimum capital and approved management.

Aside from this, they are also required to conduct proof-of-reserve audits, partner with CMB-approved custodians, and maintain separate accounts for user funds.

Additional rules govern asset listings, conflict of interest policies, risk disclosures, and dispute resolution processes to enhance user safety and platform transparency.

Prior to then, Turkey introduced tighter crypto rules in February 2025 to strengthen anti-money laundering (AML) compliance and align with global standards. Announced in the last week of 2024, the regulations require crypto service providers to collect user identification for transactions over 15,000 lira (about $425).

Modeled after the EU’s MiCA framework, the rules aim to curb money laundering and terror financing, as Turkey’s presence in global crypto markets continues to grow.

June 2nd, 2025 – Earth, N/A

class=”ql-align-justify”>No Limit Holdings (NLH), an investment firm focused on global blockchain assets, and ClearVue Partners (CVP), a leading consumer & technology growth equity firm today announced the final close of CVP NoLimit Fund II (Fund II) which will invest into native crypto projects in a digital asset industry that they expect will grow to nearly $15 trillion in total market capitalization by 2030.

NLH is led by Gin Chao, an independent Board member of Binance.US and former Strategy Officer of Binance.com, and was founded on the mission to accelerate value creation through blockchain technology globally. The firm launched CVP NoLimit Fund I (Fund I) in 2022, which invested into 40+ projects and has significantly outperformed Bitcoin with top decile DPI (distributed to paid-in capital) and MOIC (multiple on invested capital) metrics to date.  

This performance was achieved through disciplined underwriting into the fast-evolving infrastructure and DeFi landscapes as well as new sectors such as DePIN (decentralized physical infrastructure networks). Fund I led the pre-seed round of Wynd Labs, a core contributor to Grass Protocol, one of the most successful DePIN projects developed to date. Grass allows users to earn rewards by sharing their unused internet bandwidth and verified institutions to access public web data through the network. Fund I also supported new L1s, Sei and Sui, as well as next-generation synthetic stablecoin Ethena.

“NLH backed us when Grass was just an idea. Their conviction and early support helped Grass grow from concept to fueling some of the largest AI data pipelines in the world,” says Andrej Radonjic, Co-founder & CEO of Wynd Labs.

NLH expects continued growth in the blockchain industry over the next five years, with total market capitalization approaching $15 trillion by 2030 as the regulatory environment stabilizes and institutional adoption accelerates. While leading Binance Labs in early 2019, Chao predicted Bitcoin’s 2021 cycle high of $50-100k after Bitcoin had declined 75% from $20k to $5k. When Bitcoin was under $20k after the FTX meltdown in late 2022, he called a Bitcoin high of around $150k for 2025. NLH anticipates a Bitcoin high of $400-500k in the upcoming cycle, gaining further market share against gold as both a hedge against sovereign risk and a more efficient store of value.

“With increasing institutional adoption, our conviction in this industry is stronger than ever,” says Chao. “We’re not just investing in technical protocols – we’re backing systems that will underpin the next era of global finance, governance, authentication and transactions.”

Fund II is positioned to lead early-stage investments into the latest generation of mission-first founders in the upcoming cycle. Fund I was an early investor into the cross-section of blockchain and AI, which continues to be one of several core pillars for Fund II. The team also sees significant opportunities emerging in B2C applications and recently launched its inaugural business plan competition in conjunction with leading FMCG (fast-moving consumer goods) executives to develop blockchain solutions for global enterprises serving billions of consumers.

“The CVP NoLimit funds have built an institutional franchise in three short years. We are excited about the partnerships with NLH, investors and industry leaders to drive use cases and adoption for the new economy,” says Harry Hui, co-founder of CVP.

Fund II exceeded its $100 million target within 9 months and has made investments into portfolio projects including Altius, Aro Network, Blum, Hyperlend, and ICN.

About No Limit Holdings

No Limit Holdings (www.nolimitholdings.xyz), an investment firm focused on global blockchain assets, launched CVP NoLimit Fund I in 2022 and CVP NoLimit Fund II in 2024. The firm manages over $300 million of AUM and over 50 portfolio projects. For inquiries, please contact anatoly@cvpnlh.com or ms@cvpnlh.com. For latest news, please follow our official X account @nolimithodl.

About ClearVue Partners

ClearVue Partners (www.cvpcap.com), a leading consumer & technology growth equity firm, was founded in 2012 by Harry Hui and William Chen. The firm manages over $1 billion of AUM across three funds, with over 40 portfolio companies. For inquiries, please contact hh@cvpnlh.com or will@cvpnlh.com.

PICTURE Left to right: Will Chen, Jeremy Huff, Malcolm Shu, Harry Hui, Gin Chao, Anatoly Kondiyakov

Contact

Founding Partner
Gin Chao
No Limit Holdings
gin@cvpnlh.com