Vitalik proposes EIP-7983 to cap transaction gas and simplify Ethereum architecture
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Daily top performer — Celestia (TIA)
The S&P 500 futures dip 0.1% as Trump confirms August 1 tariff return, weighing on last week’s 1.72% gain to record highs. Gold dipped to $3,320 as strong US jobs data cut Fed rate cut odds, but Middle East tensions and tariff risks may limit further downside. CoinDesk Indices, which track the broader crypto market, rose 2.29% in the past 24 hours, while Bitcoin and Ether rising 0.14% and 0.09%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is TIA, up 11.3% after Forma, a chain powered by Celestia, unveils a new brand identity highlighting its modular, art-centric blockchain vision.
Celestia (TIA), launched in May 2017, is a modular blockchain that lets developers build custom networks by separating execution from consensus and data availability. Forma has unveiled a new brand and logo symbolizing its modular and creative foundation. Built as a sovereign EVM rollup on Astria and Celestia, Forma empowers art and culture-focused creators and developers with a flexible, purpose-built blockchain stack.
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Talk of the town
Vitalik Buterin and Toni Wahrstätter have proposed EIP-7983 to cap individual Ethereum transaction gas usage at 16.77 million, aiming to improve network security, stability, and zkVM compatibility. The cap would prevent single transactions from consuming an entire block’s gas, reducing DoS risks and promoting more predictable performance. Most existing transactions already fall below this threshold, minimizing disruption. The move aligns with Buterin’s broader push to simplify Ethereum’s architecture for greater efficiency and security.
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Bitcoin spot ETF flows
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
30 June 2025 | 0.0 | 102.1 | 102.1 |
01 July 2025 | (119.5) | (222.7) | (342.2) |
02 July 2025 | 34.6 | 373.2 | 407.8 |
03 July 2025 | 0.0 | 601.8 | 601.8 |
Total (weekly) | (84.9) | 854.4 | 769.5 |
Current Total (from inception): | (23,333) | 72,955 | 49,622 |
From June 30 to July 3, 2025, U.S. spot Bitcoin ETFs recorded a total net inflow of $769.5 million. Non-GBTC products contributed significantly with $854.4 million in inflows, while GBTC saw $84.9 million in outflows. Since inception, cumulative net flows stand at $49.62 billion, comprising $72.96 billion into non-GBTC ETFs and $23.33 billion in GBTC outflows.
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Airdrop to watch
GAIB is launching a 3,000-piece Fremen Essence NFT drop for early supporters, with holders likely eligible for the upcoming GAIB airdrop. A giveaway offers 8 whitelist spots for free mint access.