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Today's News Recap
BTC Bounce - Bitcoin price bounces above $84,000, bolstering market sentiment slightly; DeFi surge may boost BTC demand and adoption; holders double down in early April.
Pectra Progress - Ethereum developers aim for May 7 mainnet deployment of Pectra upgrade.
CBDC Pushback - US House Committee votes to move forward on anti-CBDC bill.
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Two Bits
Privacy Pools Premiere
By: Troy Harris
Privacy Pools recently launched on Ethereum, offering users a way to gain onchain privacy without commingling with bad actors. Privacy Pools achieve this by running, essentially, a background check on addresses wanting to join the pool. If a depositing address is blacklisted, sanctioned, or fails other criteria, then they are not allowed to enter the pool.
Privacy Pools can provide users privacy by mixing all approved deposits, similar to Tornado Cash, which breaks the onchain trail of funds. However, Privacy Pools takes withdrawals further than Tornado Cash by allowing users to prove that they are part of a specific cohort of depositors, called an association set. Currently, there is only one association set, but in the future, there’ll likely be many association sets, allowing users to choose the one that best suits their needs.
For example, a future association set could prove your deposit was not illicit in nature and first funded by a specific exchange. This example provides more privacy than not entering the Privacy Pool and less than opting for the base association set of just not being illicit in nature.
Since launching on March 31, 2025, Privacy Pool's only active pool has seen successful deposits of over 58 ETH or roughly $105,000. Currently, there is a deposit limit of 1 ETH per depositor, but the team behind Privacy Pools, 0xbow, plans to raise the limit as their technology becomes more battle-tested on Mainnet.
If you want to learn more about Privacy Pools, check out this Messari report.
Messari Research
MegaETH & GTE - The Road to Onchain Price Discovery
By: Sunny Shi
GTE aims to become the first fully onchain exchange capable of enabling native price discovery for major crypto assets by leveraging MegaETH’s high-performance general-purpose blockchain. MegaETH’s architecture, with a single sequencer and no consensus in the execution path, has achieved 10ms block times, bringing onchain latency within range of top centralized exchanges. By decoupling gas from throughput and leveraging EigenDA, MegaETH enables low and predictable transaction costs at higher capacities, making it viable for institutional market makers to operate at scale.
