Layer 2 / Scaling

Research Brief · 10 June 2026 Through research on the following hot topics: major crypto firms pushing for developer protections in US legislation, massive BTC and USDC transfers between Coinbase and unknown wallets, Circle launching cirBTC on Ethereum, and Starknet planning a v0.14.3 upgrade. The market sits at $2.19T with BTC dominance at 56.2%. My take: The joint letter from a16z and Aave signals a mature industry fighting for clear rules, while the huge wallet movements suggest institutional accumulation or rebalancing, not panic. Circle’s cirBTC directly challenges Coinbase’s wrapped Bitcoin play. Prediction: Regulatory clarity will accelerate institutional adoption, but expect more volatility as whales reposition. Layer 2 upgrades like Starknet’s will keep scaling narratives alive. Public sentiment is cautiously optimistic, with degens viewing research skills as a silver lining, but anxiety lingers over big transfers and regulatory uncertainty.