Daily Crypto NewsEDITION #1177, 28 March

Day of culture

On this day, March 28th, 1776, the Bolshoi Theatre in Moscow was founded. A well-known patron of the arts, Prince Pyotr Urusov, who was also the provincial prosecutor of Moscow, received an imperial charter signed by Empress Catherine II, granting him the right “to establish an acting troupe” and to host “plays, masquerades, balls, and other entertainments” for a period of ten years. This date is considered the official birthday of the Bolshoi Theatre.

Let’s raise a toast to cultured people, fam.

Major news today:

- The “Pectra” upgrade on Ethereum mainnet is scheduled for April 30th. Will Pectra pump the price? Yes? No? Let’s pretend it will.

- HashKey Group and Bosera are launching the “world’s first tokenized money market ETF.”

A low-risk, highly liquid product approved by Hong Kong’s SFC, and part of the HKMA Project Ensemble sandbox. TradFi is reeling in the onchain crowd. The merge is happening.

-Sam Altman: “It’s fun to see how much people enjoy the images in ChatGPT, but our GPUs are melting.” Temporary rate limits incoming.

Studio Ghibli-style art just crashed OpenAI. Turns out crypto isn’t the only thing struggling to scale.