Tag: Ethereum

The recent rally in Bitcoin Exchange-Traded Funds (ETFs) has ignited a resurgence in the digital asset investment arena, instilling confidence within the crypto community. James Butterfill, CoinShares’ Head of Research, notes a significant milestone as Bitcoin ETFs attracted an impressive inflow of $862 million last week, marking a notable turnaround.

Consensys, a prominent hub for blockchain technology, has submitted proposals to the U.S. Securities and Exchange Commission (SEC) with friendly initiatives. However, the firm’s proposal emphasizes the robust security systems entrenched in the Ethereum blockchain, notably the Proof of Stake (PoS) technique. The SEC receives numerous comments and requests regarding Ethereum ETF applications.

In a groundbreaking announcement today, Ethereum co-founder Vitalik Buterin revealed plans for a significant change to the Ethereum network, sending shockwaves throughout the cryptocurrency community. The proposed overhaul, centered around the implementation of Ethereum Improvement Proposal (EIP) 1559, promises to revolutionize the functionality and economics of the world’s second-largest blockchain.

Vitalik Buterin delves into Ethereum’s recent milestone with the introduction of blobs, a key feature enabled by the Dencun hard fork. Blobs mark a pivotal transition in Ethereum’s scaling efforts, shifting the focus from a “zero-to-one” problem to a “one-to-N” challenge. Buterin outlines the significance of this shift and discusses the future direction of Ethereum’s development, particularly in scaling and application-layer improvements.

Today, the cryptocurrency market experienced a slight cooldown, with its total market capitalization dropping by 1.14% to $2.76 trillion, as reported by Coingecko. This adjustment comes after significant movements in recent days, particularly with Bitcoin and Ethereum encountering resistance levels.

The Blast platform was rocked by a significant security breach as the Munchables project fell prey to a hacker attack, resulting in the loss of 17,400 ETH, equivalent to $62.5 million. Notably, ZachXBT closely monitored the perpetrator, identified by the address 0x6e…09c5, during the incident, marking it as the largest breach on Blast to date. Munchables has since taken action to track the transaction and prevent further unauthorized access.

Autism Capital, a prominent voice in the crypto community, has called for Ethereum co-founder Vitalik Buterin to return to Twitter (referred to as “X” in the conversation) rather than isolating himself on a decentralized platform. They argue that engaging with a larger community on Twitter would allow Buterin to have a greater influence and impact on the culture war surrounding Ethereum.

Coinbase-backed Layer 2 network Base exceeded a total value locked (TVL) of $2 billion with a 43.61% gain last week. This milestone indicates the network’s rising popularity, particularly among memecoin projects and airdrop events. Base, built on the Optimism rollup solution, preserves Ethereum’s solid security while enhancing transaction speed and lowering costs, hence contributing significantly to Ethereum’s scalability.

An Ethereum (ETH) Initial Coin Offering (ICO) participant has resurfaced after more than 8.7 years of inactivity, sparking suspicion in the larger digital currency industry.

A French developer, Jolan Lacroix, is embroiled in controversy after allegedly orchestrating a $900K theft from the TICKER presale on Base. The incident, which occurred shortly after the presale raised 877 ETH, involved Lacroix selling off a significant portion of the TICKER token supply intended for distribution.