The Dutch Central Bank fined Crypto.com €2.85 million for not complying with regulations.

Following the Dencun upgrade, transaction fees on various Ethereum layer-2 networks like Base, StarkNet, and Optimism have significantly decreased. This upgrade introduced Ethereum 'blobs', temporary data storage mechanisms that lower transaction fees and enhance throughput for Layer 2 networks. These blobs allow for more efficient posting of rollup data, which is pruned from the blockchain after approximately 18 days to maintain network efficiency.

Jesse Pollack, a Base contributor, reported a reduction in network transaction fees from $0.31 to $0.0005. Similarly, data from OKLink shows that Base's average fee dropped to around $0.18 from $0.88, while Optimism fees decreased to just a few cents from over $1. StarkNet also experienced a 99% fee reduction, with Argent reporting an average fee of $0.04 for swaps, down from over $6.8 before Dencun.

SoSo Value, a blockchain analytical platform, confirmed these fee reductions, noting significant drops in transfer and swap fees for Arbitrum, Optimism, and Base since March 14th.

Interestingly, Ethereum developers began storing the entire Bee Movie script on the Ethereum blockchain at minimal cost.

With lower transaction fees on layer-2 networks, stakeholders anticipate increased adoption of the Ethereum network. Brian Armstrong, CEO of Coinbase, highlighted the potential for expanded crypto use cases with reduced fees and confirmation times on layer-2 blockchains. Eli Ben-Sasson, a board member at Starknet Foundation, expressed that the Dencun upgrade could mark the birth of a 'dApp-for-everything culture'.