Ethereums next scaling leap may come from making everyone stop doing the same work

Ethereum co-founder Vitalik Buterin says advances in cryptography could turn decentralization from a performance cost into a scaling advantage for the network.  Related Asset Ethereum #2 ETH · $2,675.65 24-hour change: down 0.45% Loading price history… 24H Down 0.45% 7D Down 2.56% 30D Up 9.42%  In a Sept. 27 essay, Buterin described Ethereums long-term destination as a “cryptographic world computer,” an architecture in which computation and data can increasingly be distributed across different participants while compact proofs allow others to cheaply verify that the work was performed correctly.  The shift would mark a departure from the traditional blockchain model in which every node downloads transactions and repeats much of the same computation. Instead, Ethereum could push more work across a wider network of specialized participants without requiring every validator to reproduce it, potentially allowing decentralization itself to contribute to performance.  Related Person Vitalik Buterin Co-Founder · Ethereum  “Perhaps the most important shift” is that decentralization is moving beyond being a burden accepted for safety and robustness and can, in limited cases, become a performance strength, Buterin wrote. Distributed networks can store larger quantities of data and run more computation in parallel, including work around the transaction mempool.  That revives one of Ethereums earliest ambitions. Developers in

13 hours agoIndustry

Bitcoin Price Logs Its Best Weekly Close Since January but Then Stumbles

Bitcoin closed the week at $84,467, its highest weekly finish in eight months, and then gave back 1.5% before most of the U.S. woke up on Monday.  Key TakeawaysBitcoins weekly close of $84,467 on Sept. 27 was its highest since the last week of January, 2026.Benjamin Cowen believes BTC usually runs 20% to 30% after reclaiming the 50-week average; this time it hasnt.Traders are now watching the $79,500 and $87,000 levels as bitcoin enters October, green in 6 of the last 8 years.  The Numbers  The week starting Sept. 21 saw BTC open at $81,178 and close at $84,467. No weekly close has been higher since the last week of January, which finished around the same price before a slide that dragged the bitcoin price toward $60,000 in early February.  The same week printed a high of $87,395, reaching prices not seen in over eight months, as trader Martini Guy noted yesterday. It also capped a quarter in which bitcoins price gained about 44%, its second-best Q3 on record.  Two other lines broke at once:The close sat above Mays intraday high of $82,850It was the second straight weekly close above the 50-week moving average, a trend gauge that averages the last 50 weekly closes (it

14 hours agoIndustry

Evernorths XRP buying power could shrink if SPAC shareholders redeem this week

Shareholders of Armada Acquisition Corp. II, the cash-holding SPAC seeking to merge with XRP treasury company Evernorth Holdings, have until 5 p.m. Eastern on Sept. 28 to request redemption of their public shares, unless the board sets a later deadline. The merger vote is scheduled for Sept. 30. Every redeemed share removes cash that Evernorth could otherwise consider for future XRP purchases after a closing. Armadas definitive proxy sets both dates, but it does not disclose how many shareholders will redeem.  Related Asset XRP #5 XRP · $1.49 24-hour change: down 1.44% Loading price history… 24H Down 1.44% 7D Down 0.19% 30D Up 7.16%  Evernorth is expected to have at least 473.3 million XRP at closing, but that figure combines previously purchased tokens and agreed contributions. The potential new buying depends on cash left after redemptions and on how management uses it. The proxy placed about $241.9 million in Armadas trust on Aug. 20, before those redemption decisions. A September filing added a separate $30 million financing agreement, but the notes would be funded only if the merger closes, and Evernorth may use the proceeds for purposes other than buying XRP. The two cash sources can support future buying only if the

14 hours agoIndustry

Crypto scammers built an entire fake blockchain to steal over $2 million

Scammers built a counterfeit version of Upbit-backed GIWA blockchain and lured 1,333 wallets into depositing 767 ETH, worth about $2 million, before draining almost all of it.  Related Company Upbit Global A South Korean cryptocurrency exchange  The fake network appeared to be GIWAs anticipated Ethereum Layer 2 mainnet, complete with an RPC endpoint, cross-chain bridge, and Chain ID 9134, the identifier associated with the planned launch.  But GIWAs mainnet was not live.  Related Asset Ethereum ETH · $2,675.65 24-hour change: down 0.45%  In an X post, GIWA said claims that its production RPC had leaked were false because no mainnet RPC exists. Its documentation lists only GIWA Sepolia, which uses Chain ID 91342, while the production network remains under development.  DYORSWAP, whose community initially interacted with the purported network, later said the chain was fraudulent and warned users against unofficial RPC endpoints, bridges and contracts. It stated:  “The fake network used the correct GIWA Chain ID (9134), which made it appear legitimate during our initial verification. We have also identified specific suspicious messages and individuals in the related community that may be connected to this incident.”  Dunamu, operator of South Korea‘s largest crypto exchange, Upbit, is developing GIWA using Optimism’s OP Stack.  Related Asset Optimism OP · $0.13 24-hour

15 hours agoIndustry

Bitcoin Price Forecast: Trump Rejects Iran Ceasefire, BTC Falls

Today‘s Bitcoin price forecast starts on a softer note: Bitcoin (BTC) slipped to roughly $83,050 on Monday afternoon in Asia, down 1.8% over 24 hours, as geopolitical risk overtook a market that had spent the weekend holding steady near $84,400. The pullback still leaves BTC up about 1.9% over seven days: a reminder that this is a repricing, not a rout. There’s a detail buried further down in the flow data, though, that complicates the simple “risk-off” narrative.  The trigger was Washington‘s rejection of Tehran’s seven-day ceasefire proposal, which would have reopened the Strait of Hormuz in exchange for the lifting of sanctions, the release of frozen assets, and a broader regional truce. President Trump confirmed the decision Saturday, saying, “It is what we would have maybe agreed to a year ago,” and the Wall Street Journal reported he has told aides he expects to resume strikes on Iran after the November 3 midterms. Trump confirmed he rejected Irans peace proposal in comments that immediately rattled Asian trading desks. Brent crude closed last week near $104 a barrel, keeping inflation risk in the frame alongside the military one.  Ethererum, XRP and Solana all fell in sympathy, and the total crypto market capitalisation

15 hours agoIndustry

Strategy sets Oct. 28 vote on daily dividends

Strategy has scheduled an Oct. 28 special shareholder meeting to seek approval for daily dividend payments on four U.S.-listed preferred securities.  SummaryStrategy shareholders will vote October 28 on daily dividends for four U.S.-listed preferred stock classes.STRC could begin daily dividends November 2, while STRF, STRK and STRD follow January 4.Proposed amendments would not change dividend rates, total obligations, or core preferred shareholder protections materially.Only common stockholders of record September 25 can vote on proposals at Strategys special meeting.Strategy says daily payments could reduce reinvestment delays and improve liquidity, efficiency, and price stability.  According to Strategys preliminary proxy statement, the proposal covers STRF, STRC, STRK and STRD and would replace their current dividend schedules with daily record dates.  The virtual meeting will begin at 10 a.m. Eastern Time. Common shareholders who held eligible Strategy shares at the close of business on Sept. 25 are entitled to vote.  Preferred shareholders do not vote on the proposal through their STRF, STRC, STRK or STRD holdings. Strategys Class A common shares carry one vote each, while Class B shares carry 10 votes each.  You might also like:  Strategy resumed Bitcoin buying, but Strive gained more BTC per share  Strategy proposes daily dividends on four preferred stocks  Under the proposed amendment, each calendar

16 hours agoIndustry

Pi Network price: Can PI break $0.10 before Protocol 28?

Pi Network has moved directly into Protocol 28 preparations after completing Protocol 27, while PI continues trading below the closely watched $0.10 level.  Pi Network said on Sept. 26 that Protocol 27 had been successfully completed on Mainnet and Protocol 28 was already running on Testnet. Pi Networks official announcement Node operators have until Oct. 13 to upgrade, three days before the planned Protocol 28 Mainnet activation on Oct. 16.  PI was trading near $0.0893 at the time of writing, according to CoinGecko market data. The token was down roughly 2% over 24 hours but remained around 2.3% higher over seven days. Its market capitalization stood near $1 billion, with approximately $6.4 million in 24-hour trading volume and 11.24 billion PI in circulating supply.  Can Pi Network price reclaim $0.10?  PI has remained below $0.10 despite recovering from September lows. CoinGecko shows a seven-day range between roughly $0.085 and $0.0945, leaving the token inside the consolidation area that has developed since July.  The daily chart still shows a weaker long-term structure after PI fell from above $0.20 earlier this year. Since July, price action has become flatter, with most trading taking place between approximately $0.08 and $0.10.  Momentum indicators remain mixed. The Relative Strength Index stands

17 hours agoIndustry

Vitalik Buterin says Hegotá could be Ethereum‘s last ’normal fork

Ethereum co-founder Vitalik Buterin said Ethereum‘s Hegotá upgrade could be the network’s last “normal” fork before development shifts toward technologies that include recursive STARKs, automated formal verification, optimized consensus and quantum-safe cryptography.  On Sunday, Buterin said Hegotá, which is planned for 2027, is likely to be the final upgrade whose features and technology would still be recognizable to someone familiar with Ethereum in 2015.  He said PeerDAS, which allows nodes to verify data availability by sampling portions of data rather than downloading everything, marked the beginning of Ethereums transition “from being just a blockchain to being something much more powerful.”  Buterin described the transition as Ethereums evolution into a “cryptographic world computer,” moving beyond a model in which nodes simply download and re-execute transactions toward an architecture combining blockchains with cryptographic verification, privacy and decentralized offchain components.  The shift could change how Ethereum applications are built by moving more computation offchain while using the base layer to verify results, settle transactions and preserve access to shared onchain state.  What Ethereum‘s ’world computer could look like  Buterins post prompted discussion over how much computation and state should ultimately move offchain, and what Ethereum itself should continue to handle directly as the network evolves.  Ethereum researcher Barnabé Monnot said

17 hours agoIndustry

South Korea weighs crypto market makers after JPYC trades at 4 times peg

South Koreas Financial Services Commission said it is considering a market-making system for digital assets, after a stablecoin linked to the value of the Japanese yen traded for as much as four times its peg on a major South Korean crypto exchange earlier this month.  Crypto exchange Upbit opened trading of JPYC, a yen-backed stablecoin, on Sept. 17, with the market opening at 12 Korean won per JPYC before reaching a high of 37.6 Korean won just an hour later, more than four times its market value. The spike was attributed to limited liquidity on Upbit.  “We will also review the need to introduce systems such as market-making activities to increase the efficiency and stability of the digital asset landscape,” Yoo Young-joon, director of digital finance policy at the FSC, said at a conference in Seoul on Monday, Digital Asset reported. “There were also criticisms that user losses occurred from the price surge after the JPYC listing, so demands for discipline in this area are expanding.”  South Koreas Virtual Asset User Protection Act currently does not contain an exemption for market-making from its market manipulation provisions, preventing market makers from providing liquidity in crypto markets. The latest comments from Yoo suggest the FSC

17 hours agoIndustry

Big institutional money is split on Bitcoin’s next move as massive market bets shift

Leveraged funds moved 1,599 contracts further net short in standard CME Bitcoin futures during the week to Sept. 22, reversing the prior weeks easing, while asset managers added 411 contracts to their net long. The CFTC snapshot captures two major trader groups moving in opposite directions as Bitcoin enters a new week. At five BTC per standard contract, the funds change amounts to 7,995 BTC-equivalent of net futures exposure.  Related Asset Bitcoin #1 BTC · $83,241.49 24-hour change: down 1.43% Loading price history… 24H Down 1.43% 7D Down 3.36% 30D Up 6.85%  The funds held 4,745 long contracts and 12,698 short contracts on Tuesday, leaving a net short of 7,953, compared with 6,354 a week earlier. Their longs fell by 800 contracts and their shorts increased by 799. That combination widened the net short; the weekly change cannot be described solely as new short positions. The BTC-equivalent figure measures the futures shift, with no corresponding spot Bitcoin sale shown in the report.  Asset managers 4,962 longs and 1,791 shorts left them net long 3,171 contracts, up from 2,760. They added 434 longs and 23 shorts during the week, producing the 411-contract increase in their net long. Open interest across the standard CME Bitcoin

18 hours agoIndustry
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