Bitcoin Mining Difficulty Rises 378%; Ethereum Interoperability Solutions Emerge as CryptoQuant CEO Predicts Bitcoin as Currency by 2030

The cryptocurrency landscape is experiencing significant developments, particularly in the areas of Bitcoin mining and Ethereum's interoperability.

CryptoQuant CEO Ki Young Ju predicts that Bitcoin will be recognized as a currency by 2030, noting that Bitcoin mining difficulty has surged by 378% over the past three years due to increased institutional investments. This rise has created intense competition and barriers for individual miners.

Meanwhile, the Ethereum ecosystem is focusing on addressing Layer 2 (L2) fragmentation. The recent introduction of Omni's chain abstraction aims to enhance interoperability, facilitating a smoother experience for users and reducing the complexities associated with network switching and bridging.

Additionally, Chainlink and Swift have announced a blockchain integration to connect institutions with blockchain networks, while Avalanche has launched the Avalanche Card for crypto-friendly spending. Recent trends indicate a surge in interest and market performance for memecoins, overshadowing Bitcoin's prominence in the market.

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