Crypto Week: Buterin’s L2 Dream, Hyperliquid’s Security Fix, and $1B XRP Release!
Another crypto week, another round of ups and downs. Despite the bearish sentiment, here’s what caught our eye this week.
Bitcoin dipped to a 7-day low, but don’t worry, we’ve got L2 roadmaps, security upgrades, and a billion XRP on the loose. Let’s dive in!
Vitalik Buterin’s L2 Dream
Buterin’s latest proposal is all about decentralization, security, and keeping the Ethereum network user-friendly. He’s also shifting the focus from “public goods” to “open-source funding,” a move that’s sure to make some crypto purists roll their eyes.
“Public goods funding is just a buzzword. Open-source funding is where it’s at.”
His vision aims to make Ethereum more resilient and less prone to censorship.
BeInCrypto data shows HYPE token price at $11.89, up by 0.97% in 24 hours.
Hyperliquid’s Security Upgrade
After the JELLY incident, Hyperliquid is tightening its security measures. They’re increasing monitoring, enhancing smart contract audits, and introducing stricter withdrawal limits. The aim is to restore confidence in DeFi platforms.
“Hyperliquid is not perfect, but we’re working on it.”
Crypto Markets Mirror TradFi
Crypto markets are syncing up with traditional financial markets, mirroring the S&P 500 and Nasdaq. This correlation suggests that crypto is becoming more correlated with broader economic conditions.
Analysts predict further declines if economic conditions worsen, but long-term investors see opportunities in current lows.
Ripple Unlocks $1B in XRP
Ripple released another 1 billion XRP, increasing selling pressure. Historically, these unlocks have led to price declines. Retail investors are choosing XRP over Bitcoin, and Coinbase’s filing for a futures contract in XRP is a positive sign.
Standard Chartered predicts Bitcoin and Avalanche as the big winners post-Liberation Day, with Bitcoin potentially reaching $500,000 before Trump leaves office.
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2025-04-04 21:41