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The Ethereum Foundation said it has effectively completed three core objectives for the upcoming “Glamsterdam” upgrade, a step aimed at safely increasing Ethereum’s throughput by pushing for a 200 million “gas limit floor.” The Foundation said raising the baseline gas limit—if it does not destabilize the network—could expand transaction capacity while helping keep node operation and state growth in check.
According to PANews, more than 100 Ethereum core developers met last week in Longyearbyen, Svalbard, Norway to advance Glamsterdam’s technical roadmap. The Foundation said the three near-complete priorities are:
The Foundation described Glamsterdam as an upgrade focused less on new features and more on strengthening Ethereum’s scalability. It said ePBS is intended to refine the proposer–builder architecture to improve the block execution time window. It also cited Block-level Access List (BAL) optimization as a way to enhance “parallel execution” and I/O efficiency as block size and complexity increase.
For EIP-8037, the Foundation said the goal is to increase the cost of state creation, a control mechanism intended to curb runaway state expansion that can accompany more aggressive gas limit increases.
On implementation, the Foundation said it has confirmed that most clients are operating stably on “glamsterdam-devnet-2,” and that testing across the external builder process has been completed successfully. It said this provides a basis for running a 200 million gas floor reliably, while noting that the final throughput impact from gas limit changes will depend on continued testing, client hardening, and broader ecosystem readiness.
The update also noted progress on other roadmap items, including FOCIL and “native account abstraction,” described as a shift intended to make smart contract wallets more seamless and flexible. The Foundation added that work tied to a future “Hegota” upgrade is also moving forward.
Over the next few weeks, the focus will remain on improving client security, upgrading test suites, and merging code changes, with final details expected to be shared in an upcoming AllCoreDevs meeting.
In broader market headlines, Fox News reported that efforts to clarify U.S. crypto “market structure” could help drive “institutional demand” into Bitcoin (BTC), citing expectations that regulatory clarity could arrive as soon as this month. The report, shared by journalist Pete Rizzo, did not name specific legislation or provide estimates for the timing or scale of potential inflows, but reflected a view that clearer rules around custody, trading venues, and token classifications are prerequisites for larger institutional allocations.
Separately, Arthur Hayes reiterated a bullish stance on Bitcoin, suggesting BTC could reach $125,000 by the end of this year. He cited changes to U.S. banking leverage regulation and large-scale spending tied to defense and artificial intelligence, arguing these could catalyze roughly $4 trillion in credit expansion. Hayes said liquidity effects would outweigh AI-driven credit contraction and added that liquidity indicators have already moved through a bottom alongside Bitcoin, forming the basis for his year-end target.
Activity in crypto-adjacent markets showed signs of acceleration. Prediction market platform Polymarket recorded $43.36 million in fees in April, more than doubling month-over-month, according to DeFiLlama data cited by Wu Blockchain. Annualized, the pace implies roughly $520 million in fees, highlighting how event-driven trading—often tied to elections and macro narratives—can translate into rapid revenue growth for on-chain marketplaces.
On-chain flows pointed to potential near-term supply dynamics. Whale Alert reported that 1,053 BTC—worth about $82.63 million at the time of reporting—moved from an unidentified wallet to Kraken. Such transfers are often monitored for signs of potential selling or repositioning, though observers typically caution that a single exchange deposit does not confirm an imminent sale, since large holders may move funds for collateral, internal treasury management, or planned over-the-counter execution.
Taken together, the developments reflect a market balancing long-horizon infrastructure upgrades—such as Ethereum’s push to raise baseline capacity—with shorter-term catalysts including U.S. regulatory expectations, liquidity narratives, and exchange inflow monitoring.
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