TL;DR: Ethereum will use at least ~99.95% less energy post merge. Ethereum will be completing the transition to Proof-of-Stake in the upcoming months, which brings a myriad of improvements that have been theorized for years. But now that the Beacon chain has been running for a few months, we can actually dig into the numbers.
In a new blow for the decentralized finance industry, Bunni has announced its closure following a severe exploit that halted its operations. Summary Bunni DEX has shut down after losing $8.4M in a September exploit. Users can still withdraw assets, with a treasury distribution planned. Its smart contracts were open-sourced under the MIT license. Bunni,
Crypto markets have entered a holding pattern, with Bitcoin near $108,164. Traders are awaiting a key US inflation (CPI) report due out on Friday. Hopes are rising for a de-escalation in the US-China trade war. Cryptocurrency markets have entered a midweek holding pattern, with prices for Bitcoin and other major digital assets remaining relatively flat
LuBian-linked wallets have shifted 15,959 BTC worth $1.83 billion across four addresses, marking their second major transfer in weeks and reviving one of crypto’s longest-running on-chain mysteries. Summary LuBian-linked wallets moved 15,959 BTC worth $1.83B across four addresses, marking their second major transfer in a week. The activity revives interest in the 2020 LuBian theft,
Friends, As the Ethereum ecosystem continues to grow and mature at break-neck speeds, we continue to work hard on delivering an amazing Devcon 6. Though the timing is still unclear as to when we’ll all be able to reunite in Bogota, we want to keep our community involved along the Road to Devcon! In an
The crypto market crash resumed today, Oct. 22, as the Fear and Greed Index slipped to the fear zone. Summary The crypto market crash resumed ahead of the US inflation data. Bitcoin price moved to $106,825, down from this week’s high of $112,965. The Crypto Fear and Greed Index has moved to the fear zone.
Steady progress tl;dr Altair progress Altair, the first planned upgrade of the Beacon Chain, continues to make steady progress. Last week, we released Beacon Chain spec v1.1.0-alpha.6 — Protostellar Evolution. While this is an alpha release, barring a security or practical engineering concern, the spec is unlikely to change from here on in. Client teams
Alexis Sirkia, Captain of Yellow Network, explains how P2P transactions can fix the scalability problem that continues to plague blockchains. Summary Web3 apps need fast and secure P2P transactions, says Yellow Network Captain Blockchains don’t have the computing power needed to handle the world’s information Solana has less capacity than a 1984 Intel processor Currently,
It’s always fun to hear about new grants as they’re awarded, but what happens after the announcement? In this series, we’ll check in on a couple of projects that are well underway – or already at the finish line. Read on to learn about some recent milestones and achievements by grantees! GSN GSN (Gas Station
Solana price continues to struggle below the 200 Exponential Moving Average (EMA), with repeated rejections signaling building downside pressure and a potential move toward $145 support. Summary Solana faces repeated rejections at the 200 EMA resistance zone. Weak volume and momentum confirm ongoing bearish pressure. Downside target remains $145 unless the 200 EMA is reclaimed.
