Over six days in early April, the network raised the amount it charges to publish data to the Ethereum mainnet by a factor of 1,280, creating the illusion of a massive spike in 30-day chain fee momentum, according to analysis from L2BEAT.

The adjustment forced users to pay over $50,000 in excess transaction fees for data posting that ordinarily would have cost roughly $280. The extreme, temporary repricing was rolled back on April 9.

Ether.fi’s migration moved around $13 million in annualized fees away from Scroll, according to DeFiLlama data, and trimmed the network’s TVL to around $23 million.

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During the bank’s earnings call on Tuesday, JPMorgan CFO Jeremy Barnum warned that stablecoins could become a tool for regulatory arbitrage unless they are held to the same strict oversight and consumer protection standards as traditional bank deposits.

What to know:

  • JPMorgan Chase’s chief financial officer warned that stablecoins could become a form of regulatory arbitrage if they offer bank-like products without being subject to equivalent banking rules.
  • The bank supports clearer U.S. oversight of digital assets, including stablecoins and yield-bearing products, but argues that consistent regulation across banks and crypto…

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