↗ GAS Coin: Key Developments and Directions in the Crypto Space

Bitcoin-Miner Canaan is using flared gas for computing power in Canada, a move that sent its stock soaring by 40%. Similarly, Compass has announced a gas-powered Bitcoin site in Wyoming in partnership with 360 Energy, and Agriculture firm AgriFORCE has started running 120 crypto miners using natural gas. Union Jack Oil is also cited to convert stranded gas into Bitcoin. Ethereum validators have expressed plans to raise the gas limit to 45M.

Vitalik Buterin, Ethereum co-founder, put forward a proposal calling for a 16.7M gas cap on Ethereum transactions. Simultaneously, the Ethereum network saw average gas fees drop 95% in a year. Despite reductions, Tron’s daily revenue fell by 64% in 10 days due to gas fee cuts.

Ethereum and BNB chain are taking measures to handle memecoin transactions as gas fees surge. Amid several updates, Binance Coin saw its price jump 4.5% while MetaMask plans to eventually eliminate gas fees as part of a new roadmap. Coinbase has also launched a marketplace linked to gas revenue as part of its Layer 2 system Base.

A prominent announcement was the unveiling of Arc Blockchain by Circle, which uses USDC as native gas. Myria Coin was highlighted as a potential pocket-sized altcoin capable of zero-gas in gaming applications. An unexpected discovery was a gas station owner finding a coin worth $3.1 million in his cashier.

Regulations within the crypto space are also driving changes. For instance, it is noted that Ethereum’s proposed gas cap signals a bullish trend towards the $3,500 mark. The section emphasizes the importance of understanding Ethereum gas fees, how to calculate them, and ways to lower them. It indicates that more than 50% of validators are signalling to increase ETH’s gas limit.

GAS Coin News Analytics from Mon, 07 Aug 2017 19:29:39 GMT to Tue, 14 Oct 2025 20:28:39 GMT - Rating 3 - Innovation 5 - Information 6 - Rumor -2