ethereum
* The Ethereum Foundation plans to release a financial report soon, addressing community concerns about its spending. * The foundation currently holds about $650 million in its main Ethereum wallet. * The budget strategy is to spend 15% of remaining funds each year, providing a financial runway of approximately 10 years. * Community members
bitcoin
* Privacy is a fundamental issue in using Bitcoin and the protocol itself does not provide inherent privacy protection. * Various tools and protocols have been developed to enhance privacy in Bitcoin transactions, such as Coinjoins and Chaumian Ecash. * Sparrow Wallet, a free and open-source Bitcoin desktop wallet, offers privacy features like
bitcoin
* Blockstream launches series 3 of its security token, the Blockstream Mining Note 2 (BMN2). * BMN2 is an EU-compliant security token available to qualified, non-U.S. investors. * Each BMN2 security token entitles holders to the bitcoin produced by 1 PH/s of Blockstream's mining hash rate. * The token aims
cryptocurrency
* The U.S. risks falling behind in stablecoin regulation compared to other jurisdictions worldwide. * Circle's Vice President, Yam Ki Chan, highlighted the lack of clear regulations at the national level in the U.S. * EU and Hong Kong have established unified approaches for stablecoin regulation. * Circle becomes the
agglayer
* Polygon aims to unify the entire Web3 space, including all blockchain networks. * They plan to achieve this through their AggLayer, a cross-chain interoperability protocol. * AggLayer aims to connect all blockchain networks, including Ethereum and Solana. * Polygon recently upgraded their token to become the new Polygon Ecosystem Token (POL). * The AggLayer
bitcoin
* U.S. spot Bitcoin ETFs saw $37.29 million in outflows, extending negative flows for six days. * Grayscale's GBTC led the outflows with $34.25 million, while Bitwise's BITB saw net inflows of $9.46 million. * Fidelity's FBTC and VanEck's HODL also
bitcoin
* Ether futures volumes on CME declined 28.7% in August, reaching the lowest level since December 2023. * Volume in ether options also fell 37% in August. * This decline suggests lower institutional interest in ether, potentially due to the launch of spot ETH ETFs and seasonality effects. * In contrast, bitcoin futures
attack
* The DeFi project Pendle successfully protected around $105 million in funds following a hack on its ecosystem. * Coordinated efforts from multiple parties mitigated further breaches and normal operations have resumed. * The attacker exploited Penpie's protocol for $27.3 million, exchanging stolen assets for 11,109 ETH. * The root
crypto
* Decentralized finance (DeFi) protocol Sky's new stablecoin could have a decentralized court-like appeals process. * The stablecoin USDS won't have a freeze function at launch but can be upgraded with it later. * If the freeze function goes live, users can tap into decentralized governance for transparency. * The
gas
* Polygon has executed a technical upgrade to replace its MATIC token with the new POL token. * The upgrade will enhance the utility of the token and make it the native gas and staking token for the Polygon network. * The migration will allow the community to participate in the network'
cryptocurrency
* Former Mt. Gox CEO Mark Karpeles to launch new crypto exchange called EllipX in Europe. * EllipX aims to promote transparency and comply with EU regulations. * Karpeles plans to offer fee discounts to former Mt. Gox users as reparations. * EllipX will focus on user-friendliness and transparency, compartmentalizing different working bodies of
bitcoin
* Riot Platforms, the largest shareholder of Bitfarms, has issued an open letter to Bitfarms' shareholders, calling for additional changes to the company's board of directors. * Riot holds a 19.9% stake in Bitfarms and proposes the election of two independent directors, Amy Freedman and John Delaney. * Riot