EigenLayer repurposes Ethereum's existing security for new projects without needing separate validation processes. This simplifies the use of shared resources and improves overall network efficiency. The approach allows participants to leverage their original resources (that they have staked) across multiple applications, streamlining operations and governance within the Ethereum ecosystem.
The Solana starter kit for Telegram simplifies creating mini apps, facilitating user authentication via Phantom with features like easy transaction signing. It may potentially integrate with Solflare.
Zilliqa is an alt L1 from the 2017 bull market that was similar to Solana but never gained traction. Though it had good tech, the protocol pivoted to focusing on RWAs and enterprise projects instead of developer tooling and experience. Solana, who focused primarily on DevEx, exchange integrations, and ecosystem growth, ultimately won.
The Twitter ‘For You' feed emphasizes engagement-farming and election-related posts instead of quality content. With the recent sentiment around too much infra and not enough apps, we are now seeing copycat projects of existing apps like Polymarket and Pump.fun. Both of these projects could have indirectly benefited from the emphasis on election content and short-term attention spans.
The halving impacts how much Bitcoin mining companies can sell to cover operational expenses, increasing the Bitcoin price by not providing as much sell pressure.
This chart shows the decline in operating expenses (corresponding decrease in Ethereum L1 protocol revenue) for various Ethereum L2 platforms from December 2023 to September 2024, highlighting a sharp decrease in costs after a peak in early 2024.
Tether has acquired a 9.8% stake in Adecoagro, a major Latin American agricultural company with extensive operations in milk production in Argentina and sugarcane cultivation in Brazil.
Mastercard has introduced a crypto Euro debit card in partnership with Mercuryo. The card allows users to spend crypto from their self-custodial wallets at over 100M merchants. This initiative integrates crypto into daily transactions, improving user control over their funds while advancing Mastercard's commitment to embedding digital assets in the mainstream economy.
The MATIC token is rebranding to POL to align with the Polygon branding. With the AggLayer interoperability solution being the primary point of focus for the Polygon team, POL will be seen as the “AggLayer token” and will allow for staking on multiple chains. MATIC will be automatically migrated to POL on the Polygon PoS chain, but everyone else must use a migration contract.
Polymarket has launched a new betting format called Polymarket Bingo, where users bet on a bingo card filled with various phrases expected to be mentioned in debates rather than simple yes/no bets on single words. This format is more challenging but offers higher returns because players fill the bingo card by matching multiple phrases, with trading for these bets starting at around 20 cents.
InfinityVM introduces a new execution architecture that natively integrates offchain compute. It aims to overcome the limits of traditional blockchain models by allowing apps to execute offchain while ensuring only honest results are included onchain. It also enables ZK proofs without constraints, allowing results to be utilized instantly. Thanks to InfinityVM, blockchains can become mechanisms for trustlessly verifying centralized compute, combining the performance of optimized servers with blockchain guarantees.
Modern resource-heavy computation is split into two parts: complex but light “business logic” and intensive but structured “expensive work.” This pattern, called the glue and coprocessor architecture, is increasingly prevalent in Ethereum, AI, and programmable cryptography. Glue prioritizes generalizability and flexibility, while coprocessors focus on efficiency for specific tasks. By optimizing for different parts of computation separately, performance, security, and developer-friendliness are improved.
DEX trades comprised 44% of gas spent in the past month. DeFi has contributed to 49% of ETH burned since the merge. Around 76,000 addresses interact with DeFi applications daily on Ethereum, and over 57% ($46.2B) of TVL.
From its start focusing on privacy and innovative features like encryption and expiring messages, Telegram has grown significantly while continually clashing with governments over privacy issues. Despite setbacks like the halted TON blockchain project, Telegram continues to be a major messaging platform that is pushing boundaries by leveraging crypto while maintaining user privacy and content security.
With over $100B+ of centralized stablecoins on chains like Ethereum and Solana, Circle and Tether have outsized influence over future chain forks. If the government decides to fork Ethereum, it could force Tether and Circle to comply. This is the primary reason a chain like Bitcoin, with little centralized control and a decentralized store-of-value asset, remains unique: you can't be the best payment rails and a pure SOV asset.
L2s have significantly contributed to the Ethereum ecosystem by supporting hundreds of dapps and consolidating ETH's position as a leading decentralized currency.
EigenLayer's second airdrop details have been released, with 3.5% of the supply going to ETH restakers, 0.18% to EIGEN stakers, and 0.5% to node operators.
Howard Lutnick, CEO of Cantor Fitzgerald and chair of Donald Trump's presidential transition team, believes proper regulation would cause companies to go “head first into Bitcoin.” Currently, regulations require banks to set aside an equal amount of money for every dollar in Bitcoin. Cantor Fitzgerlad plans to open a Bitcoin financing business to provide lending and leverage to BTC holders.
Galois Capital, a prominent advisory firm and Crypto Twitter presence, was fined $225,000 by the SEC for failing to comply with requirements related to the safeguarding of client assets. Certain assets were not held with a qualified custodian. Over half of the fund's assets were lost in the FTX collapse in 2022.
Over 16,000 rugpulls have been launched in the past three months, with millions of dollars stolen weekly. To combat this, Pocket Universe has launched a Rugpull Detector to warn users if a token is likely linked to serial rugpullers. It has flagged about 60% of hard rugs and the company has plans for further improvements and broader coverage.
Euler v2 marks a significant milestone for the project, bringing major advancements to the DeFi space with a focus on modularity and security. The team invested heavily in security and transparency after overcoming the setbacks from last year's exploit. It aims to set new standards in onchain lending and borrowing.
As anticipation builds for Monad's mainnet launch, several standout projects are emerging within its DeFi ecosystem. These include TayaSwap, a DeFi hub offering customizable trading through concentrated and dynamic liquidity pools; Kintsu, a liquid staking protocol enhancing security and liquidity; Kuru, a DEX using a Central Limit Order Book for better pricing; and aPriori, a staking protocol utilizing MEV to boost rewards.
a16z crypto compiled all of its resources around tokens to help founders create an incentive-aligned and properly launched token. The compilation includes token do's and don'ts, a compensation primer, and how to avoid predatory VC deals. It also covers novel mechanisms for token value accrual and includes videos on launching compliant tokens.
This article explores the evolution of the Internet and proposes a new concept called the Glocal Web. It discusses the limitations of current cloud-based systems and contrasts two emerging approaches: strongly global Web3 and local-first internet. The Glocal Web combines both using Conflict-Free Replicated Data Types (CRDTs) as a core technology, promising to offer benefits like ownership, scalability, low latency, offline availability, and privacy.
August was one of the worst months for Ethereum mainnet fee generation since early 2020. Since blobs, L2s no longer pay meaningful ETH fees, though they continue to grow in value capture and transaction execution. However, it is generally good that fees are not prohibitively high, and its actual value could come from being the money of choice for L2s. With a current inflation rate of around 1%, it is no longer ultra-sound money but is still more sustainable than alt L1s.
Earlier today, a security breach targeted Penpie, causing a loss of funds, but quick action from Pendle's team successfully paused contracts, protecting $105M from further attacks.
The claim that "everything beyond Bitcoin is worthless" overlooks the growing potential of other sectors in crypto, which are on the verge of significant breakthroughs.
You might have missed out on Oasis tickets, but you can still grab a seat at Meridian [4]. The Stellar Development Foundation's annual London conference [4] is a must-attend for anyone in the blockchain space.
At Korea Blockchain Week, SEC Commissioner Mark Uyeda said the SEC should create an S-1 security registration form specifically for digital assets. He hopes the regulator can work with crypto companies to find the proper way to handle registrations. Uyeda is one of the few crypto-friendly members of the SEC.
The FBI issued a Public Service Announcement warning that North Korean hackers are attempting to steal funds from US crypto ETFs. Over the past several months, hackers have used advanced social engineering techniques on employees within the crypto industry to attempt to access company crypto. Their tactics include personalized scenarios, impersonating trusted contacts, and faking job offers.
Arbitrum Stylus, which allows for deploying smart contracts written in WebAssembly (WASM)-supported languages on Arbitrum's L2s, is now live on the mainnet. This marks the first time an EVM-compatible chain also supports popular languages like C, C++, and Rust, attracting tens of millions of potential developers. Since WASM programs are more efficient, they allow for more complex cryptographic tasks.
Polymarket has been integrated into Bloomberg Terminal, marking a shift toward mainstream use of predictive markets. This development reflects a growing reliance on Polymarket forecasts for understanding global events, as its data is now featured in Bloomberg's election tools.
Ethervista, a new Ethereum-based DeFi project, is gaining attention for its innovative fee and liquidity mechanism. It offers a fair launch with a deflationary token model and potential future features like lending and flash loans. While it's early, the project targets a gap in Ethereum's DeFi space, appealing to users frustrated by the lack of new developments. Caution is advised with liquidity unlocking soon, which may cause price fluctuations.
This article compares liquidation processes in traditional DeFi lending markets with Fluid's approach. In markets like Aave, liquidations can result in users losing 50-100% of their collateral. In contrast, Fluid minimizes user losses by incrementally liquidating only as needed to bring a position below the liquidation threshold and applying a much smaller penalty.
World Liberty Financial, a crypto project tied to Donald Trump and his sons, has raised concerns due to its team's past association with Dough Finance, a DeFi platform that was hacked for $2 million. The project's white paper outlines plans for a decentralized borrowing and lending service, with a governance token, WLFI. Several team members, including former pick-up artist Zack Folkman, have controversial backgrounds, raising questions about the project's legitimacy and long-term prospects.
Binance Research finds that Web3 lags significantly behind Web2 in user adoption and retention. The two main challenges are excessive speculation and an overemphasis on infrastructure at the expense of consumer-facing products. Mainstream adoption requires dapps with real utility, expanded distribution channels utilizing Web2 ecosystems, and improved mobile accessibility.
Though DeFi has its fair share of issues, this author expresses optimism about its future and predicts that traditional finance yields will become accessible onchain through Real-World Assets.
The Japanese Financial Services Agency's 2025 tax reform includes new guidelines for taxing virtual currency transactions, prompting investors to advocate for a reduction in the crypto tax rate from a max of 55% to a uniform rate of 20%.
To effectively enter the Korean crypto market, it's important to understand local preferences, regulatory climates, and the builder landscape, with special attention to sectors like IT and gaming.
The EVM is expected to remain dominant with regards to smart contract development due to its extensive network effects and large amount of documentation and guides that ease development hurdles.