This Week in Crypto: (BAYC Clogs Ethereum, Goldman Sachs Bitcoin Loan, SEC Doubles Task Force)
This week in crypto, Yuga Labs held the public debut for its “Otherside” metaverse project, generating roughly $285 million for the company while also creating some of the highest gas fees in the history of the Ethereum network, Goldman Sachs (GS) has offered its first bitcoin-backed loan in the latest sign that Wall Street is moving further into crypto, SEC nearly doubles the size of enforcement's crypto asset and cyber unit.