The Ethereum ecosystem reached a new high on June 16 with a record-breaking transaction per second (TPS) rate of 246.18 in layer 3.

Xai, Base, and Arbitrum led the surge in TPS performance.

Offchain Labs' Proof of Play Apex also ranked high in TPS performance.

The SEC denied Ripple's appeal for a reduced penalty, citing shortcomings in their comparison to Terraform Labs' settlement.

Deutsche Telekom announced plans to venture into Bitcoin mining at BTC Prague.

Deutsche Telekom is expanding its involvement in cryptocurrencies and partnerships in Web3 and artificial intelligence with Fetch.ai.

These developments highlight the growing importance of L3 technologies like Xai in enhancing Ethereum's scalability and efficiency.

The news underscores the ongoing evolution and diversification of the blockchain and cryptocurrency industry.