Mar 14, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including developers posting the Bee Movie script on Ethereum, how Robinhood could benefit from the bullish crypto cycle, and the latest report from Franklin Templeton’s Digital Assets team on meme coins.

Video transcript

A movie script on Ethereum and new insights on meme coins. You're watching coin desk daily. I'm your host, Jen Sasi. Developers had some fun and uploaded the script of Jerry Seinfeld's B movie on Ethereum as gas fees plunged after the latest upgrade, Ethereum D kon upgrade has significantly reduced data fees allowing for the scripts to be posted at a much lower cost than it would have been before developer Dan Clark posted on paradigm quote. I didn't get the first blob but as far as I can tell, I did get the first B movie on main net and quote. The transaction costs only about $14. Blobs are a cheap way to temporarily carry data about transactions that are now possible after Wednesday's upgrade. A report from Bernstein says that Robinhood will benefit from the monster crypto cycle. The research and brokerage firm initiated coverage of Robin Hood with an outperform rating and $30 price target. The broker expects the total crypto market cap to reach $7.5 trillion by 2025 versus 2.6 trillion today, noting that this means Robin Hood crypto revenue should grow ninefold. Bernstein expects Bitcoin's market cap to grow to $3 trillion and ether is to increase to 1.8 trillion by 2025. And according to Franklin Templeton's digital assets team meme coins exhibit a strong correlation between their price surges and the growth of user wallets on the underlying blockchains. Despite lacking inherent value propositions, the traditional finance giant added in a report that such tokens may provide investors with opportunities to make quick price profits and have gained virality in the past year due to their unique nature. The report found active addresses on various Blockchain networks grew in tandem with a surge in meme coin trading activity on those specific chains. That's it for coin desk daily, get more updates on and we'll see you next time.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.