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This week in crypto, a lot happened across different ecosystems, despite the broader market’s prevailing bearish sentiment. Besides Bitcoin’s (BTC) drop to a 7-day low of $81,400, here are this week’s biggest updates. For starters, crypto markets could have a new Ethereum Layer-2 roadmap. Meanwhile, Hyperliquid users could soon start enjoying better security. Vitalik Buterin Pushes for Ethereum L2 Roadmap Co-founder Vitalik Buterin outlined a roadmap for Ethereum’s Layer-2 (L2) ecosystem, emphasizing decentralization, security, and cost-efficiency. He advocates for a model that reduces centralization risks while ensuring user-friendly experiences for developers and investors. Buterin also reiterated his commitment to open-source funding within the Ethereum community. This stance comes as the phrase “public goods” has become politically and socially loaded. The phrase is often used in ways that prioritize perception over impact. Against this backdrop, Buterin proposed shifting the focus from “public goods funding” to “open-source funding.” He said this would encourage greater financial support for projects that enhance network security and scalability. “A big part of the reason why the term ‘public good’ is vulnerable to social gaming is precisely the fact that the definition of ‘public good’ is stretched so easily,” Buterin argued. His vision aligns with ongoing efforts to strengthen Ethereum’s L2 playing field and make it more resistant to potential censorship or network failures. Hyperliquid Tightens Security After JELLY Crisis Decentralized trading platform Hyperliquid also features among the key headlines this week in crypto. The platform announced new security measures following the JELLY incident, which resulted in substantial losses for users. To prevent future incidents, the platform has increased monitoring, enhanced smart contract audits, and introduced stricter withdrawal limits. Hyperliquid’s response aims to restore confidence in decentralized finance (DeFi) platforms amid rising security concerns. “Hyperliquid is not perfect, but it will continue to iterate and grow through the collective efforts…

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Filed under: News - @ April 4, 2025 7:21 pm