Post #286

📰#WeeklyRecap: 1. Bitcoin Regains Dominance: Bitcoin's market dominance has increased to 50% for the first time since Q2 2021. This resurgence is attributed to technical advancements in Bitcoin such as Inscriptions and BRC-20 tokens, and the development of Layer-2 solutions like Stacks and Rollkit. Further, a favorable regulatory climate and the growing interest in Bitcoin ETFs from financial giants have also contributed to Bitcoin's growth. 2. Azuki NFT Collection Controversy: Azuki, an NFT project, faced backlash for its new Elementals derivative PFP collection, which some users felt undermined the value of the original artworks due to their striking similarity. This has led to a decrease in the trading price of both the original Azuki NFTs and the new Elementals. 3. ZkSync's ZK Stack Release: ZkSync has revealed details about its ZK Stack, a rollup development framework. This tool will allow anyone to deploy a rollup on zkSync Era, Ethereum, or another zkSync “Hyperchain”. This is seen as an important step in the growth of zkSync's developer ecosystem. 4. Introduction of ZkSync Hyperchains: ZkSync introduces Hyperchains, launching from a shared bridge on L1. The Hyperbridge bridging system will use validity proofs to verify the state of participating chains, aiming to support cost-effective bridging between Hyperchains.