This week on Crypto Twitter: Denkun goes live, Dogwhiphat goes to Vegas, Craig Wright goes down.

Although the price of crypto has fallen, it is sitting in despair Inflation figuresCrypto Twitter managed to do a lot of fun this week, inspired by reasons ranging from genuine technological progress to good old fashioned schadenfreude.

Ethereum's most awaited Denkun update on Wednesday He went straightDramatically lowering transaction costs on Ethereum layer-2 networks with a new data storage method called blobs. Developers say It may soon make gas bills a thing of the past.

In the hours and days after the software update was successfully adopted, several Ethereum Layer 2 networks began to show radical drops in transaction costs.

By dramatically reducing transaction costs, developers hope Denkun will usher in a new era of Ethereum where all kinds of data can be stored on-chain without worrying about costs or limited storage space. Already this week, crypto users started experimenting with that premise.

On the same day, Denkun was successfully completed Always profitable DogwhipHat (YF) The meme coin community is excited to have reached their own milestone: Boost. About 700,000 dollars To emblazon the face of the stage covered with a giant LED screen in Las Vegas, the beanie-sports name to be plastered across the face of the player.

YF It continued its incredible, relentless bull run in the news, bringing in a market capitalization of -$3 billion as of Friday afternoon. At the time of writing this has fallen to $2.2 billion, making it the fourth largest meme coin in the world by those metrics, behind Pepecoin, Shiba Innuand the main meme token, Dogecoin.

He pointed out that for some, simply raising enough money to put their favorite meme on the world's biggest screen is the ultimate goal for WIF community members.

As if the good vibes are not flowing in advance, the week ended on a happy note for everyone in the crypto community: Craig Wright in the final judgment of a judge in England is definitely not a fake Bitcoin creator Satoshi Nakomoto.

For years, Wright, an Australian computer scientist, claimed to have invented Bitcoin, even though he could not generate the private keys of Satoshi's Bitcoin address.

British court in 2022 Purchased As Wright submitted “deliberately false evidence” in his defamation suit against Peter McCormack, the podcaster repeatedly called Wright a fraud for claiming to be Satoshi. McCormack was there to celebrate after Wright was convicted in court on Thursday as Satoshi's impersonator.

Every historical moment needs a suitable hymn – and a 2023 song A tweet from musician Jonathan Mann, apparently titled “Craig Wright is not Satoshi,” quickly began making the rounds on Crypto Twitter.

Edited by Ryan Ozawa.