Daily Crypto News 7 September

Ethereum's layer-two scaling protocols have emerged in recent months as gas prices have risen again, Cointelegraph reported. According to a study, Ethereum layer-two had more transactions than the Bitcoin network. The analyst revealed that StarkWare processed the most for the period with about 143,000 transactions in a number of DeFi platforms such as the dYdX exchange and the L2 NFT Immutable X platform. Bitcoiners indicated that Van Ness compared ETH layer two with the first layer of BTC and did not provide any Lightning Network information on the second layer of Bitcoin.

German asset manager Union Investment has revealed its plan to include bitcoin in several of its investment funds, Coindesk reported. They are considering adding Bitcoin to a number of investment funds available to its private investors, with a maximum bitcoin exposure of 2% of the total assets for each fund. This message is an example of how investing in crypto has become easier in Germany. This is thanks to a law passed by Germany in the summer - it allows so-called spezialfonds (special funds) to distribute up to 20% of their capital in crypto assets.

Institutional demand for altcoin exposure has risen to record levels of capital, Cointelegraph reported. According to a weekly report on digital asset fund flows, nearly 40% of the inflow of digital asset investment products in the last week has been allocated to altcoin tracking tools.