El Salvador Announces World’s First Bitcoin City, Backed By $1B Bitcoin Bonds
In its latest Bitcoin adoption move, the Central American country plans to build a city based on the world’s largest cryptocurrency. President Nayib Bukele announced the Bitcoin City initiative at El Salvador’s Bitcoin Week conference on Saturday night. This conference is a celebration of Bitcoin’s mainstream adoption in the country.
Ethereum layer two TVL reaches all-time high
Layer 2 TVL has more than doubled over the past couple of months, hitting a new all-time high of $5.64 billion. The total value locked (TVL) on Ethereum layer two (L2) networks has surged to a new peak as gas fees continue to rise steadily. Layer 2 analytics platform L2beat currently reports that the total amount of ETH locked across various L2 protocols and networks has reached an all-time high of $5.64 billion.
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