Happy Tuesday! In today's newsletter, Justin Drake proposes an Ethereum consensus layer redesign, the German government missed out on $1.6 billion by selling bitcoin early, Ethereum Layer 2 Lisk launches its mainnet and announces plans for an airdrop, plus more.

Meanwhile, U.S. spot Ethereum ETFs posted record daily net inflows of $295.5 million on Monday, and Trumponomics could pave the way to a $1 million bitcoin price, according to Arthur Hayes.

Plus, Canary Capital files for the first-of-its-kind Hedera HBAR spot ETF with the SEC.

Let's get started.

Ethereum Foundation researcher Justin Drake announced a new consensus layer upgrade proposal at Devcon on Tuesday called "Beam Chain," incorporating the latest ideas from the research roadmap.

The German government missed out on up to $1.6 billion by selling 50,000 BTC at $57,600 each just four months ago — right before a major rally in the asset's price spurred on by pro-crypto Donald Trump's victory in the U.S. presidential election.

Lisk has launched its Ethereum Layer 2 on mainnet, leveraging Optimism's OP Stack as part of the Superchain ecosystem.

Coinbase has launched the COIN50 index, a benchmark representing the top 50 digital assets on the crypto exchange, weighted by market capitalization and capped at around 50% for the largest asset.

Dogecoin's price surged 51% in 24 hours to trade for $0.43 early Tuesday before correcting, briefly pushing its market cap above $63 billion, driven partly by Elon Musk's support for the memecoin and his involvement in the upcoming pro-crypto Donald Trump administration.

Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

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