The DAO, though not a product developed by the Ethereum Foundation, has been a hot topic as of late, both internally in the organisation as well as within our community. The Hard Fork is a delicate topic and the way we see it, no decision is the right one. As this is not a decision that
The U.S. State Department is launching a program that includes Bitcoin as a way to advance digital freedom worldwide. Named the Freedom Tech Excellence Program, the initiative will see the State Department work with the Bitcoin Policy Institute, data-analytics firm Palantir Technologies, defense technology company Anduril Industries, and the Victims of Communism Memorial Foundation on
The world’s largest stablecoin issuer pays roughly $2.9 billion a year in fees to blockchains it does not control. Its answer was to back two competing chains at once: Plasma, the $373 million DeFi-flavored bet, and Stable, the enterprise rail where USDT is the gas. One issuer, two armies, one enemy named Tron, and a
We would like to congratulate the Ethereum community on a successfully completed hard fork. Block 1920000 contained the execution of an irregular state change which transferred ~12 million ETH from the “Dark DAO” and “Whitehat DAO” contracts into the WithdrawDAO recovery contract. The fork itself took place smoothly, with roughly 85% of miners mining on
State Department launches Freedom Tech Excellence Program with Bitcoin Policy Institute as a founding partner for digital freedom. The U.S. Department of State has launched a new initiative to bring private sector expertise into its digital freedom work. The Freedom Tech Excellence Program pairs government officials with specialists from technology firms and civil society groups.
The New York Stock Exchange’s parent just completed a $2 billion bet on Polymarket. Kalshi raised a billion at $22 billion while generating fee revenue most exchanges would envy. Seven bills in Congress want the whole category banned. Wall Street is not gambling on prediction markets; it is buying the probability layer of the financial
The DAO soft-fork attempt was difficult. Not only did it turn out that we underestimated the side effects on the consensus protocol (i.e. DoS vulnerability), but we also managed to introduce a data race into the rushed implementation that was a ticking time bomb. It was not ideal, and even though averted at the last
Bitcoin has spent this week staging a convincing defence of the $67,035 monthly open and, as of Wednesday, is pressing against the lower boundary of the $72,000–$82,000 air gap again. This is the zone of thin historical accumulation our analysts have identified as the most probable expansion target if sustained demand returned. The catalyst is
When SpaceX went public, the only place most of the world could short it was Hyperliquid, where a perpetual future tracked the IPO of the decade tick for tick, and a whale ran a $14 million leveraged short no brokerage would have offered. Equity perps are the first crypto product Wall Street cannot ignore, and
The foundation has committed to support the community consensus on the admittedly difficult hard fork decision. Seeing the results of various metrics, including carbonvote, dapp and ecosystem infrastructure adoption, this means that we will focus our resources and attention on the chain which is now called ETH (ie. the fork chain). That said, we recognize
