There are number of changes and adoption happening to crypto next week so let's go over each quickly in this article so you can be prepared.
If you know of any other changes happening in your favorite blockchain please include it in the comments.
Ethereum EIP-1559
EIP1559 will be introduced on Wednesday August 4th 2021 and will introduce the first stable coin to Ethereum ever. This is a base point fee which only job is to increase or decrease as the blocks get full over 50% or retract under 50%. This "burn" is just that it burns EVERYTHING at a steady base rate that can change. Full details on this are within the article above.
Germany Allows 20% Institutional Funds
There's always an increase demand from institutions to get involved with cryptocurrency. Right now we are in a weird spot where government continues to be confusing AF and trying to pass dumb laws because they fear losing control and want full control (that should be something that should worry you) Until that gets sorted (which most likely will be never) institutional investing is going to gradually come in over time and not in one big burst. This is what we are seeing with German who will on August 2nd allow Institutional funds to hold up to 20% in crypto.
Paypals Super app
This might be the most clear slap in the face to everyone that mega corps already control the world. They could care less about government and laws why? because they have their hands in it all. They have the power to make lobbyist push through bills and time bills to benefit the continued growth of that mega corp. Paypal being one of those.
Paypal has announced a new "super app" I mean talk about the dumbest name ever but when you have trillions in assets who cares right.
This new plan will introduce a high yield savings and early access to direct deposit funds. There plans are to first open this new super app with faster transactions etc in the UK within the next few months and is said to possibly embrace DeFi. (this is how they would account for the might higher yields in a world where traditional bank yields hurt you instead of help you)