What if Layer 2 Blockchains Had to Start Paying Taxes?

What we’ll cover today:

💸 What if Layer 2 blockchains had to start paying taxes?

🚨 $5.9 Billion Gone Overnight: What Happened to Telegram’s Crypto?

💰 Think gold is the safest bet?

1. What if Layer 2 blockchains had to start paying taxes?

Yep, you heard that right!

Vitalik Buterin, the mastermind behind Ethereum, thinks L2s should pay fees based on their value.

But here’s the twist—what if they cheat the system to avoid high fees?

To counter this, Buterin has more ideas up his sleeve:

• A fair system to collect fees directly from L2s.

• An optional layer where L2s can pay up without disrupting the ecosystem.

But even these solutions come with challenges.

Here’s the whole article

2. $5.9 Billion Gone Overnight: What Happened to Telegram’s Crypto?

Toncoin, Telegram’s token, took a 20% plunge.

Why?

• Telegram’s co-founder Pavel Durov was arrested in France for failing to control illegal content.

• $5.9 billion was wiped from Toncoin’s value.

Impact:

• Toncoin’s blockchain, once at $1 billion, dropped to $650 million.

• Big investors like Pantera Capital, despite discounts, felt the hit.

What’s next?

With growing scrutiny in Europe, Toncoin’s future is uncertain.

Here’s the whole article

3. Think gold is the safest bet?

Crypto’s here to challenge that.

2024 has changed the game with the launch of the first spot Bitcoin and Ethereum ETFs.

In just six months, Bitcoin ETFs hit $61 billion in assets.

That’s 25% of what gold ETFs took 20 years to build!

Why crypto ETFs are gaining traction:

• Easy access: No wallets or exchanges—invest like a stock.

• Big players: Backed by companies like BlackRock and Fidelity.

• Liquidity: Buy or sell anytime, just like stocks.

But consider this:

• Fees: Management costs can reduce your returns.

• No direct ownership: You don’t hold the actual crypto.

• Limited options: Fewer choices compared to the entire crypto market.

  Here’s the whole article