Bitcoin’s market dominance has dipped below the 25% threshold, signaling a potential shift in capital flows toward alternative cryptocurrencies. This decline coincides with multiple altcoins demonstrating heightened activity and ecosystem developments.
Ethereum core developers have proposed EIP-7983, targeting enhanced network security and efficiency through a standardized per-transaction gas limit of 16.77 million. This upgrade aims to address scalability hurdles while maintaining protocol reliability.
Meanwhile, the BONK token surged 17.83% amid significant market activity, triggering $7.42 million in leveraged liquidations. The token now ranks as the second most-active network by transaction volume, trailing only Ethereum.
In partnership news, Toncoin is reportedly negotiating with UAE authorities to develop a staking-based Golden Visa program. The framework could substantially lower financial entry barriers for residency applicants through blockchain-based validation.
Additionally, dormant Bitcoin wallets have moved substantial BTC holdings, prompting speculation about strategic portfolio repositioning by long-term investors during this market transition.