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Ethereum DeFi protocol Hope Lend drained after exploit

Ethereum decentralized finance (DeFi) protocol Hope Lend has next to zero assets left in its protocol after a devastating hack.

According to multiple blockchain security firms, on Oct. 18, two individuals — a frontrunner who beat the original hacker after discovering the exploit and the original hacker themselves — stole a combined 526 Ether . . . → Read More: Ethereum DeFi protocol Hope Lend drained after exploit

Ethereum LSDFi sector grew nearly 60x since January in post-Shapella surge: CoinGecko

The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has seen a surge in growth this year as Ether (ETH) holders chose to stake rather than liquidate.

Despite ETH withdrawals being enabled with the Ethereum Shapella upgrade in April 2023, an Oct. 16 LSDFi report from crypto data aggregator CoinGecko said the sector has grown . . . → Read More: Ethereum LSDFi sector grew nearly 60x since January in post-Shapella surge: CoinGecko

Ethereum layer 2 zkEVM ‘Scroll’ confirms mainnet launch

Scroll, a new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space that works to scale the blockchain, has confirmed the launch of its mainnet.

The team behind Scroll announced the launch in an Oct. 17 post and added that existing applications and developer tool kits on Ethereum can now migrate to the . . . → Read More: Ethereum layer 2 zkEVM ‘Scroll’ confirms mainnet launch

Fantom Foundation hot wallet hacked for $550K

The Fantom Foundation, the developer of the Fantom network, has been hacked for over $550,000 worth of cryptocurrency. The foundation confirmed the attack on X, claiming that most of the funds stolen belonged to other users and that 99% of the foundation’s funds remain safe. The team is currently investigating the attack, it . . . → Read More: Fantom Foundation hot wallet hacked for $550K

Immutable delays $67M token vesting by another year

Immutable, an Ethereum layer-2 nonfungible token (NFT) scaling solution, will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024.

According to an Oct. 17 announcement by Immutable co-founder Robbie Ferguson, the move is intended to enhance Immutable’s long-term sustainability. “At a minimum, . . . → Read More: Immutable delays $67M token vesting by another year

Vitalik Buterin-linked biotech charity Kanro transfers $15M to fund grant

Disclaimer: This article has been updated to reflect clarification from the Ethereum Foundation that Buterin was a signer on a separate multisig wallet transfer and did not directly send funds to Gemini.

The Ethereum Foundation has shed light on a recent $15 million USD Coin (USDC) transaction involving Ethereum co-founder Vitalik Buterin . . . → Read More: Vitalik Buterin-linked biotech charity Kanro transfers $15M to fund grant

Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are expected to report results this week.

The risk-on sentiment could boost . . . → Read More: Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

ZK-focused Manta Pacific opts out of OP Stack for Polygon CDK

Manta, a layer-2 blockchain network focusing on zero-knowledge (ZK) applications, will migrate its software from OP Stack to Polygon CDK, according to an Oct. 16 announcement. This means that Manta will not be integrated into the upcoming Optimism Superchain and will instead become part of the Polygon ecosystem.

Manta Pacific block explorer. Source: Manta . . . → Read More: ZK-focused Manta Pacific opts out of OP Stack for Polygon CDK

How to build a DApp on Ethereum

The Ethereum DApps ecosystem is thriving, and the potential for decentralized applications (DApps) is immense. Who wouldn’t want to participate? 

Developers can now build applications with their own native coins or nonfungible tokens (NFTs) on secure blockchain networks to serve any purpose — from financial and industrial use cases to social media sites and, . . . → Read More: How to build a DApp on Ethereum

ProShares prepares to launch unique Short Ether Strategy ETF

ProShares introduced a trio of Ether (ETH) futures exchange-traded funds (ETFs) in recent weeks, and the fund’s latest offering — the Proshares Short Ether Strategy ETF (SETH) — is set to start trading in November.

The ETF is scheduled for listing on the NYSE Arca exchange and aims to achieve daily investment outcomes that . . . → Read More: ProShares prepares to launch unique Short Ether Strategy ETF

Price analysis 10/13: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

A trending move in an asset class attracts traders, while a dull price action drives investors to the sidelines. Bitcoin (BTC) has largely been stuck in a range for the past several months, which could be one of the reasons for the drop in spot volumes. Bloomberg reported on Oct. 11 that Coinbase’s spot . . . → Read More: Price analysis 10/13: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

Ethereum price drops to a 7-month low as data points to more downside

Ether (ETH) price experienced a 7% decline between Oct. 6 and Oct. 12, hitting a seven-month low at $1,520. Although there was a slight rebound to $1,550 on Oct. 13, it appears that investor confidence and interest in Ethereum are waning, as indicated by multiple metrics.

Some may argue that this movement reflects a . . . → Read More: Ethereum price drops to a 7-month low as data points to more downside

Ripple CTO slams Charles Hoskinson over SEC’s ETH ‘favoritism’

Ripple chief technology officer David Schwartz has countered the Cardano founder’s comments about possible motives behind the United States regulators’ determination that Ether (ETH) is not a security.

Cardano founder Charles Hoskinson addressed the much-debated ETHgate theory in an AMA session on Oct. 8, arguing that the government’s actions were not about corruption.

. . . → Read More: Ripple CTO slams Charles Hoskinson over SEC’s ETH ‘favoritism’

Uniswap launches Android wallet beta for Google Play

Decentralized crypto exchange Uniswap launched a closed beta Android version of its mobile app on Oct. 12, according to a blog post from the app’s development team. Uniswap has previously only been available on PC and iOS mobile devices.

“WEN ANDROID?” How about now?

The Uniswap wallet is coming to . . . → Read More: Uniswap launches Android wallet beta for Google Play

Elon Musk streams, Amazon partners with Immutable, MetalCore preview: Web3 Gamer

Elon Musk is a streamer?

The social media website X, formerly known as Twitter, hosted its first gaming stream — a 50-minute-long Diablo 4 gameplay — on October 6. The stream, which has over 42 million views at the time of writing, involved X owner Elon Musk playing Blizzard Entertainment’s latest title and answering . . . → Read More: Elon Musk streams, Amazon partners with Immutable, MetalCore preview: Web3 Gamer

Eleanor Terrett on impersonators and a better crypto industry: Hall of Flame

Fox Business producer Eleanor Terrett says that, as she gains more recognition in the crypto community, she is becoming a prime target for social media impersonators.

“So, I find myself having to tweet more often, saying, ‘Just a reminder, guys, I don’t have a private profile; I will never reach out to you,’” Terrett . . . → Read More: Eleanor Terrett on impersonators and a better crypto industry: Hall of Flame

Lido Finance discloses 20 slashing events due to validator config issues

Ethereum staking protocol Lido Finance has disclosed its protocol saw 20 slashing events due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes.

The incident occurred on Oct. 11 at about 3:30 pm UTC, according to Launchnodes. In an Oct. 11 post on X, Lido said Launchnodes’ validators . . . → Read More: Lido Finance discloses 20 slashing events due to validator config issues

USDR stablecoin depegs to $0.53, but team vows to provide solutions

Real estate-backed stablecoin USDR lost its peg to the United States dollar after a rush of redemptions caused a draining of liquid assets such as Dai (DAI) from its treasury, its project team has revealed.

USDR, backed by a mixture of cryptocurrencies and real estate holdings, is issued by the Tangible protocol, a decentralized finance . . . → Read More: USDR stablecoin depegs to $0.53, but team vows to provide solutions

Price analysis 10/11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

Buyers are finding it difficult to maintain Bitcoin (BTC) price above $27,000. The selling increased after the September producer price index rose 0.5% for the month versus expectations for a 0.3% increase. This shows that the inflation pressures are unlikely to ease in a hurry for the United States economy.

The uncertain near-term environment . . . → Read More: Price analysis 10/11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

Beyond crypto: Zero-knowledge proofs show potential from voting to finance

In a world increasingly anxious about privacy and exploitation of one’s personal data by governments, corporations, social media platforms and banks, zero-knowledge proofs may offer some relief. 

Indeed, this emerging cryptographic protocol could partially remedy two rapidly growing global deficits: privacy and truth.

ZK-proofs have already found a home within the cryptocurrency and blockchain . . . → Read More: Beyond crypto: Zero-knowledge proofs show potential from voting to finance

Circle rolls out native USDC tokens on Polygon

Stablecoin issuer Circle has announced it has begun minting USD Coin (USDC) natively on the Ethereum layer-2 scaling protocol Polygon.

USDC is accessible to users and developers without bridging the stablecoin from Ethereum to another blockchain. Circle Mint and Circle’s developer application programming interfaces (APIs) now support Polygon-based USDC, tapping into Polygon’s scaling capabilities.

. . . → Read More: Circle rolls out native USDC tokens on Polygon

Bitcoiner drops BitVM paper — Bringing Ethereum-like contracts to Bitcoin

A Bitcoin developer has proposed a new way to bring more expressive off-chain smart contracts to Bitcoin without needing a soft fork.

Announced in an Oct. 9 white paper titled “BitVM: Compute Anything on Bitcoin” by ZeroSync project lead Robin Linus, BitVM enables Turing-complete Bitcoin contracts without altering Bitcoin’s consensus rules.

“Any . . . → Read More: Bitcoiner drops BitVM paper — Bringing Ethereum-like contracts to Bitcoin

3 reasons why Ethereum price can’t break $2K

The price of Ethereum’s native token, Ether (ETH), has gained around 35% in 2023 so far. But its attempts to break above $2,000, a psychological resistance level, have witnessed strong bearish rejections multiple times.

ETH/USD daily price chart. Source: TradingView

Cointelegraph takes a closer look at the three likely reasons why Ethereum price has . . . → Read More: 3 reasons why Ethereum price can’t break $2K

Rise of Ethereum staking came at cost of higher centralization — JPMorgan

The rise of Ethereum staking since major network upgrades, the Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said.

JPMorgan analysts, led by senior managing director Nikolaos Panigirtzoglou, issued a new investor note on Oct. 5, warning about the risks stemming from . . . → Read More: Rise of Ethereum staking came at cost of higher centralization — JPMorgan

Friend?.tech copycat Stars Arena patches exploit after some funds drained

The Stars Arena Web3 social media app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports. 

Stars Arena user Lilitch.eth discovered the exploit on Oct. 5 and announced it on X (formerly Twitter), claiming that over $1 million was lost. The Stars Arena team . . . → Read More: Friend?.tech copycat Stars Arena patches exploit after some funds drained

Macro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says

The next crypto bull market is likely to kick off in Q2 2024, when the Bitcoin (BTC) halving is set to take place, says macro investor and Real Vision CEO Raoul Pal.

He is convinced that despite the hype surrounding the halving, macro factors will play the leading role in sparking the next . . . → Read More: Macro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says

Pioneering generative artist propelled by personal tragedy — Matt Kane, NFT Creator 

If there’s ever been an artist suited for the digital renaissance of putting art on the blockchain, it would be Matt Kane — a traditional artist who transitioned into digital art by writing his own software and pushing boundaries impossible in the physical art world. 

Kane is most known for his collection “Gazers,” which . . . → Read More: Pioneering generative artist propelled by personal tragedy — Matt Kane, NFT Creator 

FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts

The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO, Sam Bankman-Fried (SBF).

Accounts linked to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, hours after the crypto . . . → Read More: FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts

Friend.tech SIM-swap scourge continues as scammer nets $385K in Ether

A single scammer has reportedly managed to steal around $385,000 worth of Ether (ETH) in less than 24 hours amid a scourge of SIM-swap hacks seemingly targeting Friend.tech users.

On Oct. 5, blockchain sleuth ZachXBT reported the same scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping four different Friend.tech . . . → Read More: Friend.tech SIM-swap scourge continues as scammer nets $385K in Ether

Price analysis 10/4: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He . . . → Read More: Price analysis 10/4: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report

In Cuba’s capital, Havana, a Bitcoin community has emerged from an economically antagonistic environment.“Satoshi didn’t create Bitcoin for Cubans, but it really comes in handy for us,” Forte, co-founder of the aptly named local Bitcoin organization Cuba Bitcoin, tells Magazine.

Cubans are turning to Bitcoin because their money is increasingly worthless. Zimbabwe, Venezuela and . . . → Read More: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report

Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi

Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents. But in Q3 2023, this number swelled to 76. Nearly $686 . . . → Read More: Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi

Bitcoin drives digital asset product inflows for the first time in 6 weeks: Report

Digital asset investment products experienced inflows for the first time in six weeks from Sept. 22 to 28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares.

Bitcoin (BTC)-related investment products were the biggest gainers, with inflows in the amount of $20.4 million for the . . . → Read More: Bitcoin drives digital asset product inflows for the first time in 6 weeks: Report

Optimism network launches testnet fault-proof system in pursuit of decentralization

OP Labs, the developer of the Optimism network, launched a testnet version of its fault-proof system, according to an Oct. 3 blog post. Once it completes testing, it will allow for “a more decentralized and efficient Superchain,” the post stated. The new system is currently deployed to the Optimism Goerli network.

Optimism Goerli block . . . → Read More: Optimism network launches testnet fault-proof system in pursuit of decentralization

Singer Vérité’s fan-first approach to Web3, music NFTs and community building

Carving out a sustainable career as an independent musician is no easy feat. The competition is fierce, support can be hard to find, and earning a living without the financial help of a major record label is an uphill battle. Yet, for those who are able to build a loyal fanbase, the freedom of . . . → Read More: Singer Vérité’s fan-first approach to Web3, music NFTs and community building

Exclusive: Hackers selling discounted tokens linked to CoinEx, Stake hacks

Blockchain analytics investigators have uncovered an individual linked to a cryptocurrency laundering operation offering stolen tokens at discounted prices from recent high-profile exchange hacks.

Speaking exclusively to Cointelegraph, a representative from blockchain security firm Match Systems outlined how investigations into several major breaches featuring similar methods through the summer months of 2023 have pointed . . . → Read More: Exclusive: Hackers selling discounted tokens linked to CoinEx, Stake hacks

Ethereum futures ETFs garner lukewarm reception on first day of trading

The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds (ETFs) appears to have yielded little in the way of investment dollars in comparison.

On Oct. 2, nine new ETF products, which are designed to track futures contracts tied to the value of Ethereum’s native currency Ether (ETH), . . . → Read More: Ethereum futures ETFs garner lukewarm reception on first day of trading

Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’

Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, canceled its plans to launch an Ether (ETH) futures ETF on Oct. 2, citing changes in the market. 

In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation:

“You are correct — we did not . . . → Read More: Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’

Price analysis 10/2: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

The United States legislators in the House and Senate came to a temporary agreement on Sep. 30 and averted a government shutdown for 45 days. This news could have acted as a catalyst for Bitcoin’s (BTC) sharp rally on Oct. 1. Additionally, the historically strong performance of Bitcoin in October could have boosted sentiment . . . → Read More: Price analysis 10/2: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

VanEck Ethereum Strategy ETF set for CBOE listing

Investment management firm VanEck is set to launch its Ethereum Strategy ETF on Oct. 2, with the product now listed on its website under the ticker EFUT and set for trading on the Chicago Board Options Exchange (CBOE).

The VanEck Ethereum Strategy exchange-traded fund (ETF) will look to accrue capital by investing in Ether . . . → Read More: VanEck Ethereum Strategy ETF set for CBOE listing

Grayscale submits SEC filing to convert Ethereum Trust to spot ETF

Following the approval of the first Ether (ETH) futures exchange-traded fund (ETF), Grayscale Investments is looking to convert its Grayscale Ethereum Trust to a spot Ether exchange-traded fund (ETF). 

The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. Grayscale’s existing . . . → Read More: Grayscale submits SEC filing to convert Ethereum Trust to spot ETF

FTX exploiter moved over $17M in ETH in the last 24 hours

According to recent information from Spot On Chain, an address linked to the FTX exploit identified as 0x3e9, has conducted transfers exceeding 10,000 Ether (ETH), worth roughly $17 million, across five different addresses since Sept. 30. The addresses had remained inactive for several months before the recent activity.

A significant portion of the . . . → Read More: FTX exploiter moved over $17M in ETH in the last 24 hours

Vitalik Buterin voices concerns over DAOs approving ETH staking pool operators

Vitalik Buterin, the co-founder of Ethereum, has expressed worries regarding decentralized autonomous organizations (DAOs) exerting a monopoly over the selection of node operators in liquidity staking pools.

In a Sept. 30 blog post, Buterin warns that as staking pools adopt the DAO approach for governance over node operators — who are ultimately responsible for . . . → Read More: Vitalik Buterin voices concerns over DAOs approving ETH staking pool operators

VanEck to donate 10% of profits from Ether ETF to core developers

Global asset manager VanEck will donate 10% of all profits from its upcoming Ether futures exchange-traded fund (ETF) to Ethereum core developers for 10 years, the company announced on X (formerly Twitter) on Sept. 29. 

The beneficiary will be the Protocol Guild, a group of over 150 developers maintaining Ethereum’s core technology. According . . . → Read More: VanEck to donate 10% of profits from Ether ETF to core developers

Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a Sept. 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when it turned out to have a function that allowed anyone to . . . → Read More: Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

Invesco Galaxy applies for spot Ether ETF

Asset managers keep pursuing digital asset products, with Invesco and Galaxy Digital allegedly filing for a spot Ether (ETH) exchange-traded fund (ETF) on Sept. 29. 

Bloomberg ETF analyst James Seyffart disclosed the filing on X (formerly Twitter), even though the application hadn’t been uploaded to the SEC’s public database at the time of . . . → Read More: Invesco Galaxy applies for spot Ether ETF

Google Cloud is now a validator on the Polygon network

Polygon Labs announced on Sept. 29 that Google Cloud has joined the Polygon proof-of-stake network as a validator. 

Google Cloud joins over 100 other validators verifying transactions on its layer-2 Ethereum network.

This month, @GoogleCloud became part of the decentralized validator set for Polygon PoS.

The same infrastructure used to power . . . → Read More: Google Cloud is now a validator on the Polygon network

Price analysis 9/29: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin (BTC) is attempting to trade above $27,000 in a positive sign. In the past few days, Bitcoin’s price held above $26,000 in adverse conditions as the U.S. Dollar Index rose sharply and the S&P 500 index was plunging. This suggests that selling dries up at lower levels.

The decision by the United States . . . → Read More: Price analysis 9/29: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Valkyrie backtracks on Ether futures contract purchases until ETF launch

Asset management firm Valkyrie has said it will hold out for the United States Securities and Exchange Commission to approve an exchange-traded fund, or ETF, with exposure to Ether (ETH) futures rather than making purchases in advance.

In a Sept. 29 filing with the SEC, Valkyrie said it would not make certain purchases . . . → Read More: Valkyrie backtracks on Ether futures contract purchases until ETF launch

Enter the Ether: VanEck releases two ETF ads ahead of possible Monday launch

Investment manager VanEck has fired up the marketing engine for its “upcoming” Ether (ETH) futures exchange-traded fund (ETF), which some analysts expect could be launched as early as Oct. 2.

On Sept. 28, VanEck released the two “Enter the Ether”-themed TV commercials, revealing that its Ethereum Strategy ETF — tickered EFUT — is . . . → Read More: Enter the Ether: VanEck releases two ETF ads ahead of possible Monday launch

Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF

Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or ETF.

A Valkyrie spokesperson told Cointelegraph on Sept. 28 that the firm’s Bitcoin Strategy ETF will allow investors access to Ether and Bitcoin (BTC) futures “under one wrapper,” making it one . . . → Read More: Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF

Bitcoin lender Ledn to roll out ETH, USDT interest accounts

Despite its roots embedded in Bitcoin (BTC) lending, lending platform Ledn has announced the launch of an Ether (ETH) yield offering following user requests for a shielded alternative to manually staking Ether.

The Cayman Islands firm has added an ETH offering to its Growth Accounts products, which currently offers users ring-fenced facilities to . . . → Read More: Bitcoin lender Ledn to roll out ETH, USDT interest accounts

Ethereum futures ETFs could start trading next week — Bloomberg analyst

Ether (ETH) futures exchange-traded funds (ETFs) could start trading for the first time in the United States as early as next week, according to Bloomberg analysts.

On Sept. 28, Bloomberg Intelligence analyst James Seyffart said in an X post that it was “looking like the SEC is gonna let a bunch of Ethereum futures ETFs . . . → Read More: Ethereum futures ETFs could start trading next week — Bloomberg analyst

SEC pushes deadlines for ARK 21Shares, VanEck spot Ether ETF applications

The United States Securities and Exchange Commission (SEC) has delayed deciding whether to approve or disapprove spot Ether (ETH) exchange-traded fund (ETF) applications from ARK 21Shares and VanEck.

In separate notices filed Sept. 27, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule . . . → Read More: SEC pushes deadlines for ARK 21Shares, VanEck spot Ether ETF applications

Price analysis 9/27: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the US dollar index (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels.

Bitcoin remains stuck inside a range . . . → Read More: Price analysis 9/27: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Blockchain detectives: Mt. Gox collapse saw birth of Chainalysis

It’s been more than a decade since 850,000 BTC went missing from Mt. Gox, yet the collapse of the former exchange remains one of the most infamous black swan events of the cryptocurrency ecosystem.

While creditors of the defunct exchange are edging closer to some form of restitution, Mt. Gox’s demise ended up playing . . . → Read More: Blockchain detectives: Mt. Gox collapse saw birth of Chainalysis

Ethereum OFAC compliance dips to 45% post-Merge upgrade

The historic Merge upgrade from Sept. 2022 — which marked Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) — resulted in the overall decline in compliance with standards laid down by the Office of Foreign Assets Control (OFAC). 

Ethereum blocks adhering to OFAC compliance censor certain transactions, which has a negative impact on the . . . → Read More: Ethereum OFAC compliance dips to 45% post-Merge upgrade

Crypto lender BlockFi gets court nod for plan to repay customers

The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan.

Bankruptcy Judge Michael A. Kaplan approved BlockFi’s third amended Chapter 11 plan in a Sept. 26 court hearing, a filing on the same day shows.

. . . → Read More: Crypto lender BlockFi gets court nod for plan to repay customers

Circle launches native euro stablecoin on Stellar

Stablecoin issuer Circle has launched a Stellar-based version of its euro-backed stablecoin, EURC, according to a Sept. 26 announcement. EURC was previously only available on the Ethereum and Avalanche networks.

Hello Europe meet our new friend EURC on #Stellar. Same speed, low cost, and reliability of the Stellar network we all . . . → Read More: Circle launches native euro stablecoin on Stellar

Immunefi launches on-chain bug bounties through ‘Vaults’ system

Blockchain security platform Immunefi has launched an on-chain system for bug bounties, according to a Sept. 26 announcement. The new system, called “Vaults,” allows Web3 developers to escrow funds in an on-chain address and use them to pay out bug bounties to white hat hackers.

Immunefi believes the new system will help projects “demonstrate . . . → Read More: Immunefi launches on-chain bug bounties through ‘Vaults’ system

US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame

Tim Draper is a prominent venture capitalist, the founder of Draper University and the creator of the Meet The Drapers television series. He invested early in Tesla, SpaceX and Coinbase and has 254,000 followers on X.

“Let me get my second prediction to actually happen, and then we’ll move on to other predictions,” Tim . . . → Read More: US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame

MetaMask ‘glitch’ caused opBNB recommended fees to be too high: Report

A “glitch” in MetaMask that caused it to overestimate opBNB gas fees has now been fixed, according to a social media post from BNB Smart Chain. Many users pay the default recommended fee displayed in their wallets, so a misestimation can cause users to overpay.

Together with our friends at @MetaMask, . . . → Read More: MetaMask ‘glitch’ caused opBNB recommended fees to be too high: Report

Price analysis 9/25: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

Bitcoin’s (BTC) weakness on Sept. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000, but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016.

If they . . . → Read More: Price analysis 9/25: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

Crypto sees outflows for 6th consecutive week, XRP and SOL gain investor confidence

Crypto investment products registered their sixth consecutive week of outflows for the week ending Sept. 24. According to data from CoinShares, digital asset outflows from crypto investment products reached $9 million last week.

Weekly crypto asset flows. Source: CoinShares

Bitcoin (BTC) registered a third consecutive week of outflows, reaching $6 million in the past . . . → Read More: Crypto sees outflows for 6th consecutive week, XRP and SOL gain investor confidence

Arbitrum DAO takes $56M of unclaimed ARB as airdrop deadline ends

Arbitrum, a major Layer 2 solution for the Ethereum blockchain, has officially added the unclaimed tokens from the Arbitrum airdrop to its network’s treasury.

The Arbitrum Foundation sent 69.4 million unclaimed Arbitrum (ARB) tokens to the Arbitrum’s decentralized autonomous organization (DAO) treasury on Sept. 24, the foundation announced on X (formerly Twitter).

The . . . → Read More: Arbitrum DAO takes $56M of unclaimed ARB as airdrop deadline ends

Vitalik wallet sends 400 ETH worth $600K to Coinbase

Blockchain sleuths have flagged several Ether (ETH) transactions from a wallet associated with Ethereum co-founder Vitalik Buterin in September 2023, totaling over $3.9 million.

Separate blockchain monitoring profiles shared details of a 400 ETH transaction, worth an estimated $632,000, from Vitalik’s wallet to Coinbase on Sept. 25.

@VitalikButerin deposited 400 $ETH . . . → Read More: Vitalik wallet sends 400 ETH worth $600K to Coinbase

Price analysis 9/22: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

The Federal Reserve did not hike interest rates in its meeting on Sept. 20 but hinted that rates could remain higher for longer. At the post-meeting press conference, Fed Chair Jerome Powell cautioned that “the process of getting inflation sustainably down to 2% has a long way to go.”

This possible scenario may have . . . → Read More: Price analysis 9/22: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

PancakeSwap integrates Transak for fiat onboarding on multiple chains

Decentralized exchange PancakeSwap now offers Transak as a provider in its “buy crypto” tab, giving PancakeSwap users an additional option when shopping for crypto, according to an announcement on Sept. 21. Mercuryo and MoonPay were previously providers for this feature, making Transak the third provider to be added.

PancakeSwap “Buy” crypto tab. Source: PancakeSwap . . . → Read More: PancakeSwap integrates Transak for fiat onboarding on multiple chains

Farmville co-creator-led company raises $33M to create Web3 games

Proof of Play, a company led by Farmville co-creator Amitt Mahajan, raised $33 million to create Web3 games, according to a Sept. 21 announcement. Majahan is the CEO of Proof of Play, and Twitch co-founder Emmett Shear is a board member.

The funding was co-led by Chris Dixon at Andreessen Horowitz (a16z) and Neil . . . → Read More: Farmville co-creator-led company raises $33M to create Web3 games

Ethereum price sees new low vs Bitcoin since switching to proof-of-stake

Ether (ETH) has seen a 36% year-to-date increase in its price in 2023 in U.S. dollar terms. This recovery, however, is modest given that ETH is currently trading 66% below its November 2021 peak of $4,870.

Ethereum vs. Bitcoin: 14-month downtrend and counting

Moreover, on Sept. 20, Ether reached its lowest levels against Bitcoin . . . → Read More: Ethereum price sees new low vs Bitcoin since switching to proof-of-stake

Chainlink hits Ethereum layer-2 Arbitrum for cross-chain DApp development

Blockchain oracle network Chainlink has tapped into Ethereum layer-2 scaling protocol Arbitrum to drive cross-chain decentralized application development.

The two protocols announced the mainnet launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One on Sept. 21, giving developers access to Chainlink’s solution, which taps into Arbitrum’s high-throughput, low-cost scaling.

The combination . . . → Read More: Chainlink hits Ethereum layer-2 Arbitrum for cross-chain DApp development

Binance wallet spends almost $1M in ETH gas fees in one day

Update Sept. 22, 2023 – 7AM UTC: This article has been updated to include Binance’s comments.

A crypto wallet belonging to trading platform Binance has spent 530 Ether (ETH), worth around $843,797, in gas fees in just 24 hours, according to blockchain data explorer Etherscan. 

On Sept. 21, gas fees on the Ethereum . . . → Read More: Binance wallet spends almost $1M in ETH gas fees in one day

ETH developer programs AI-generated memecoin AstroPepeX using ChatGPT

An Ethereum developer has managed to get ChatGPT to launch its own ERC-20 token, AstroPepeX (APX), modeled off data from the top traded tokens on Uniswap.

X (previously Twitter) user CroissantETH unpacked details of how they integrated ChatGPT into a custom application using OpenAI’s API. They told it to design and issue its own . . . → Read More: ETH developer programs AI-generated memecoin AstroPepeX using ChatGPT

Busan is developing an Ethereum-compatible mainnet to become a ‘blockchain city’

South Korea’s second-largest city, Busan, is developing a public blockchain network compatible with mainstream blockchain platforms, such as Ethereum and Cosmos. The aim is to integrate blockchain-based services from various blockchain mainnets onto a single platform at the city level and develop Busan into a blockchain city.

Busan City has allocated a 100-billion-Korean-won ($75 million) . . . → Read More: Busan is developing an Ethereum-compatible mainnet to become a ‘blockchain city’

Optimism to sell $160M in OP tokens to 7 purchasers via private sale

Ethereum layer-2 scaling solution Optimism has disclosed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes.

At current prices, the sale will see $159 million worth of OP tokens change hands.

Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as . . . → Read More: Optimism to sell $160M in OP tokens to 7 purchasers via private sale

Evmos, Swing, Tashi, Wormhole team up to solve Cosmos’ liquidity issues

A group of decentralized finance (DeFi) protocols have teamed up to solve liquidity problems in the Cosmos ecosystem. The teams involved include cross-chain bridging protocol Wormhole, liquidity aggregator Swing, lending protocol Tashi and Cosmos network Evmos. 

According to statements from two of the teams involved, Wormhole will register five new bridged tokens for use . . . → Read More: Evmos, Swing, Tashi, Wormhole team up to solve Cosmos’ liquidity issues

Price analysis 9/20: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin’s (BTC) recovery is facing selling above $27,000, indicating near-term nervousness due to the Federal Reserve’s meeting on Sept. 20. However, long-term investors are unfazed, and they have continued to accumulate. Glassnode data shows that Bitcoin’s inactive supply has been at all-time highs since July.

This bullish temperament is not reflected in institutional activity, . . . → Read More: Price analysis 9/20: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

‘AI has killed the industry’: EasyTranslate boss on adapting to change

The launch of generative AI products over the past nine months has the world talking about how it will change the future. Many are frightened. Others are excited about the opportunity.

A report last month from Next Move Strategy Consulting predicts the AI industry will grow 20x in the next seven years, creating a . . . → Read More: ‘AI has killed the industry’: EasyTranslate boss on adapting to change

Grayscale files for new Ether futures ETF — Official

Digital currency investment company Grayscale is the latest firm to file with the Securities and Exchange Commission for a new Ether (ETH) futures exchange-traded fund (ETF)

On Sept. 19, Grayscale proposed listing and trading shares of the Grayscale Ethereum Futures Trust ETF under the New York Stock Exchange Arca Rule 8.200-E.

The proposal is pursuant . . . → Read More: Grayscale files for new Ether futures ETF — Official

Wormhole integrates native USDC transfers for four blockchain networks

Wormhole has integrated Circle’s Cross-Chain Transfer Protocol (CCTP), allowing USD Coin (USDC) to be transferred between Ethereum, Avalanche, Arbitrum and Optimism via Wormhole-based bridges, according to a Sept. 20 announcement.

The new feature is available to end-users via the Portal bridge, and developers can integrate it into their own apps using Wormhole Connect.

Portal . . . → Read More: Wormhole integrates native USDC transfers for four blockchain networks

Grayscale officially abandons post-Merge PoW Ethereum tokens

Major cryptocurrency investment firm Grayscale has finally taken a decision to abandon all the rights to the post-Merge proof-of-work (PoW) Ethereum tokens (ETHPoW).

Announcing the news on Sept. 18, Grayscale said that the firm has “irrevocably abandoned” all the rights to ETHPoW tokens on behalf of the record date shareholders of each product.

. . . → Read More: Grayscale officially abandons post-Merge PoW Ethereum tokens

Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments.

Token 2049, one of the largest crypto conferences of the year, attracted a record 10,000 attendees, 300 speakers and 5,000 companies during the two-day event in Singapore.

From Sept. 13–14, attendees entering the majestic Marina Bay Sands Convention Expo and . . . → Read More: Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

AI and crypto isn’t just a buzz phrase

AI Eye has been out and about at Korean Blockchain Week and Token2049 in Singapore over the past fortnight, trying to find out how crypto project leaders plan to use AI. 

Probably the most well-known is Maker founder Rune Christensen, who essentially plans to relaunch his . . . → Read More: AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

Canto, Astar blockchains plan expansion to Ethereum ecosystem as layer 2s

Updated to clarify that Astar Network is expanding to Ethereum, not leaving the Polkadot ecosystem

Cosmos-native layer-1 blockchain Canto has become the latest chain to migrate to Ethereum as a layer 2 zero-knowledge rollup after another layer-1 blockchain, Astar, announced similar plans to expand beyond the Polkadot ecosystem to Ethereum.

Canto is . . . → Read More: Canto, Astar blockchains plan expansion to Ethereum ecosystem as layer 2s

Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares

Outflows from crypto exchange-traded products (ETPs) reached $455 million over the previous nine weeks, according to a report from asset manager CoinShares. Outflows from ETPs generally indicate negative sentiment toward cryptocurrencies.

Let’s analyse the latest dynamics in digital asset investment products. Here is our #FundFlows with @jbutterfill.

Last week, outflows . . . → Read More: Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares

Price analysis 9/18: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

The failure of the bears to sink Bitcoin’s price below $25,000 support ignited buying interest last week. The positive momentum picked up further at the start of the new week, and buyers are trying to sustain Bitcoin’s (BTC) price above $27,000.

Market participants seem to be buoyant on expectations that the Federal Reserve will not . . . → Read More: Price analysis 9/18: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

Idealistic Ethereum community-built zkEVM Scroll launching in weeks

After two years of development, a group of Ethereum idealists are close to launching their zero-knowledge EVM (Ethereum Virtual Machine) — Scroll — developed with Ethereum’s values in mind. 

While there are already several zero-knowledge EVMs in existence today, Scroll co-founder Ye Zhang told Cointelegraph at Token2049 that the project was “idealistic” as the . . . → Read More: Idealistic Ethereum community-built zkEVM Scroll launching in weeks

3 key Ether price metrics suggest that ETH is gearing up for volatility

Ether’s price has been dealing with some strong headwinds, and on Sept. 11, the price of the altcoin endured a critical test when it plunged to the $1,530 support level. In the days that followed, Ether (ETH) managed to stage an impressive recovery by surging 6%. This resurgence may signal a pivotal moment, following a month . . . → Read More: 3 key Ether price metrics suggest that ETH is gearing up for volatility

Ethereum launches new testnet ‘Holešky,’ allocates 1.6B ETH for devs

Ethereum developers launched a new testnet on Sept. 15. Called “Holešky,” the network is expected to be used for staking, infrastructure and protocol development, according to its developer documents. Sepolia will remain the dominant network for application development. 

Hello Holesky, Ethereum’s Newest Testnet

Read details below#cryptonews #ETH pic.twitter.com/Z6DUMkOExz

— Amy Kols . . . → Read More: Ethereum launches new testnet ‘Holešky,’ allocates 1.6B ETH for devs

Price analysis 9/15: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin has been stuck inside a large range since April, indicating indecision about the next directional move. Efforts by the bears to sink the price below the support of the range were thwarted by the bulls on Sept. 11. However, Bitcoin (BTC) is not out of the woods yet. 

Jamie Coutts, a chartered market technician and . . . → Read More: Price analysis 9/15: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Ethereum Merge anniversary — 99% energy drop but centralization fears linger

One year after its historic transition to proof of stake, Ethereum has seen a massive reduction in energy use and a marked improvement in access to the network, however, a number of technical issues still mark the road ahead.

The Merge was executed on Sept. 15, 2022 — an event that saw the Ethereum . . . → Read More: Ethereum Merge anniversary — 99% energy drop but centralization fears linger

Matter Labs steps back as zkSync launches ecosystem portal managed by DappRadar

Matter Labs recently announced the launch of a new ecosystem portal for zkSync, managed by DappRadar, in what both partners are calling a step toward fully decentralizing the protocol. 

A layer-2 blockchain for Ethereum payments, zkSync was created by Matter Labs as a method for scaling the Ethereum blockchain ecosystem. It currently boasts . . . → Read More: Matter Labs steps back as zkSync launches ecosystem portal managed by DappRadar

SSV?.network hits mainnet to increase decentralization of Ethereum staking pools

Criticisms aimed at the perceived centralization of Ether (ETH) staking pools may finally be quelled by an alternative staking infrastructure that aims to improve private key security and reduce validator downtimes and slashing penalties.

Speaking exclusively to Cointelegraph, SSV.network founder Alon Muroch outlined how the platform’s distributed validator technology (DVT), developed in partnership with the . . . → Read More: SSV?.network hits mainnet to increase decentralization of Ethereum staking pools

Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals

Polygon Labs’ vision of an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge cryptography begins in earnest following three inaugural improvement proposals that will begin the transition to Polygon 2.0.

The scaling technology firm unveiled Polygon 2.0 in June 2023, outlining plans for a scaling ecosystem made up of four protocol layers. The staking, interop, execution . . . → Read More: Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals

Ethereum’s active addresses second-highest in history: Analysts

Through an examination of Ether’s (ETH) on-chain activity, market intelligence platform Santiment has published a report indicating that the count of daily active Ether addresses experienced a notable increase, reaching around 1,089,893 on Sept. 13.

This recent upsurge represents the second-highest number of daily active addresses ever recorded in Ethereum’s history. The highest count . . . → Read More: Ethereum’s active addresses second-highest in history: Analysts

Web3 ecosystem made ‘good strides’ in changing climate narrative, exec says

While moving to proof-of-stake (PoS) contributes to changing the narrative of blockchains being harmful to the environment, there are still many things that the Web3 ecosystem can do to tackle climate change, according to Marek Olszewski, CEO of Celo — an Ethereum layer-2 scaling solution. 

Cointelegraph editor Zhiyuan Sun spoke with Olszewski about . . . → Read More: Web3 ecosystem made ‘good strides’ in changing climate narrative, exec says

Web3 game Gods Unchained releases ‘Sealed Mode’ to mimic paper card games

Web3 game Gods Unchained released a new gameplay format that allows players to compete with semi-random cards they receive at the start of a tournament. Called “Sealed Mode,” the format is intended to reward highly skilled players, even if they don’t have a large or expensive card collection. The new format was announced . . . → Read More: Web3 game Gods Unchained releases ‘Sealed Mode’ to mimic paper card games

BNB Smart Chain Optimism-powered layer-2 opBNB hits mainnet

The BNB Chain blockchain ecosystem is set to tap into Optimism’s rollup technology, powering its newly launched opBNB layer-2 scaling platform.

BNB Chain announced the public mainnet launch of its Ethereum Virtual Machine (EVM)-compatible L2, which delivers lower gas fees and faster transactions to decentralized applications running within the ecosystem.

The opBNB platform . . . → Read More: BNB Smart Chain Optimism-powered layer-2 opBNB hits mainnet

Polygon co-founder: $1B bet on ZK-rollups paying off

Polygon co-founder Sandeep Nailwal believes the layer-2 blockchain firm is reaping the benefits of allocating $1 billion to develop zero-knowledge (ZK) proof-powered scaling solutions for the Ethereum ecosystem.

Speaking at a keynote address during the latest edition of the Token2049 conference in Singapore, Nailwal touched on the development of “Polygon 2.0” scaling efforts and . . . → Read More: Polygon co-founder: $1B bet on ZK-rollups paying off

PayPal PYUSD stablecoin is 100% backed: Paxos transparency report

Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets.

According to the report, the total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. . . . → Read More: PayPal PYUSD stablecoin is 100% backed: Paxos transparency report