The Dencun upgrade will significantly reduce the fees for Layer 2 solutions utilizing Ethereum's data availability layer (DA), and there may also be a reduction in gas fees on the Ethereum mainnet.
The meeting discussed the legislative proposal jointly issued by the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) to regulate stablecoin issuers, as well as opportunities for thought leadership. Consensus was reached to explore the publication of a whitepaper/report on best practices in the stablecoin industry.
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The Dencun upgrade will take place this week; the ETHGlobal London hackathon is set to begin; ARB is experiencing a significant unlocking.
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