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**Ethereum welcomes Dencun Upgrade and Reduces Transaction Fees**

Last week, Ethereum made strides with the implementation of the Dencun upgrade, marking the beginning of “The Spurge.” As developers had planned, the update went live on March 13, bringing about a significant reduction in average transaction fees across various Ethereum layer-2 protocols. This reduction was evident as Zora witnessed a staggering 99% drop in average cost to $0.003 on March 14, while Optimism and Base also recorded substantial declines to $0.035 per transaction within the same timeframe. Additionally, Arbitrum decided to maintain its fees at the current level, with plans to introduce new features through the impending ArbOS update.

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**MicroStrategy Increases Bitcoin Holdings Amid Market Turbulence**

Amid a volatile crypto market, MicroStrategy made headlines by acquiring $821 million worth of Bitcoin during its price discovery phase. The broader market also experienced fluctuations, with Bitcoin surging to a new all-time high of $73,750 on March 14 before facing selling pressure above the $73,000 mark. The market cap saw a rapid increase due to intense accumulation from long-term holders and whales, while Dogecoin rallied 11% after Elon Musk’s comments on leveraging it for Tesla payments.

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**Solana and BOME Thrive Amid Market Downtrend**

While the market faced a downturn, Solana and associated meme tokens like Book of Memes (BOME) continued to soar. Solana witnessed a 10% gain within 24 hours, with meme coins like Jupiter and dogwifhat seeing rapid surges. Book of Memes, a Solana-based meme coin launched on March 14, spiked by 345% in the 24 hours leading to March 16 and by a staggering 39,000% from March 14 to 16.

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**Spot Bitcoin ETFs Break Records Amid Growing Demand**

The spot Bitcoin ETF market witnessed significant attention as demand for investment products soared. Reports confirmed a record $2.7 billion inflow into the crypto market the previous week, with spot Bitcoin ETFs setting new records by purchasing 14,261 Bitcoin tokens on March 12, overshadowing miner production that day. Despite the growing demand, Vanguard’s outgoing CEO remained cautious about the products.

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**UK Court Rules Craig Wright Is Not Satoshi Nakamoto**

In a landmark decision, the UK High Court ruled against Craig Wright, dismissing his claims of being Bitcoin founder Satoshi Nakamoto. The COPA vs. Craig Wright case aimed to prevent further lawsuits filed by Wright against community members debunking his claims. The recent ruling affirmed that the evidence presented does not support Wright’s assertion of being Satoshi Nakamoto.

AI legalese decoder can assist in deciphering the legal implications of the court ruling regarding Craig Wright’s identity and the impact it may have on the cryptocurrency community.

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