crypto
* Ethereum restaking protocol EigenLayer addresses suspicious sale of $5.5 million worth of EIGEN tokens. * Protocol states tokens were erroneously transferred to an attacker instead of intended recipient. * Investigation reveals compromise of email thread, resulting in 1,673,645 EIGEN tokens being transferred to attacker. * Hacker swapped tokens for stablecoins
blockchains
* An academic paper suggests targeting privacy-preserving cryptocurrencies to combat money laundering. * Methods of undermining trust in permissionless blockchains include 51% attacks, price suppression, and Sybil attacks. * These methods should be a "last resort" after other policy initiatives have been exhausted. * Approach should balance regulatory compliance, innovation, and individual
bitcoin
1. Bitcoin remains the best-performing asset in 2024, with a year-to-date gain of 49.2%. 2. Bitcoin gained just 2.5% in Q3, but bounced back after a weak second quarter. 3. Factors influencing Bitcoin's recent performance include demand from US ETFs and increased corporate ownership. 4. Bitcoin&
arbitrum
* The Arbitrum Foundation is focusing on Asia's potential for rapid growth in the blockchain space. * The foundation is organising face-to-face events in Vietnam and Indonesia to connect with local developer communities. * Participants can join the "Step Into Arbitrum" Learn and Earn campaign to familiarize themselves with
bitcoin
* Bitcoin price recovers to near $64,000 following positive US jobs data, signaling optimism in the US economy. * Analysts expect increased liquidity and another US Federal Reserve rate cut in November to benefit Bitcoin. * Reduction of Bitcoin held on centralized exchanges and key resistance at $64,500 are supporting the
blocktimes
* A new Ethereum Improvement Proposal (EIP) aims to reduce block times by 33% and increase data capacity. * EIP-7781 would increase overall throughput by 50% and improve the base layer of the Ethereum network. * The proposal would distribute bandwidth usage over time, lower peak bandwidth requirements, and improve user experience. * Ethereum
bitcoin
* An upcoming HBO documentary titled "Money Electric: The Bitcoin Mystery" aims to reveal the true identity of Bitcoin's creator, Satoshi Nakamoto. * The documentary, directed by Cullen Hoback, suggests that Len Sassaman may be the person behind the pseudonymous name. * Sassaman, a cryptographer who passed away in
bitcoin
* BTC options expiring on Oct 5 have higher implied volatility compared to Oct 25 options. * The higher implied volatility suggests an unusually volatile weekend ahead. * Traders are bracing for price turbulence after Friday's NFP release and potential retaliatory strikes by Israel. * The US NFP data is expected to
controversy
* EigenLayer leaders admit to misleading investors about locked EIGEN token supply and allowing insiders to cash out rewards. * The protocol's fully diluted value has dropped 60% since April. * EigenLayer received $100 million in funding from Andreessen Horowitz and other investors. * Restaking protocol promised to lock majority of EIGEN
crypto
* CoinDesk investigation reveals that numerous crypto companies have unknowingly hired IT workers from North Korea. * North Korean workers used fake IDs, passed interviews, and presented impressive work histories. * Hiring North Korean workers violates sanctions and presents security risks, as some companies have been hacked. * Hiring DPRK workers is prevalent in
cooperation
* Rene Pickhardt questions the viability of multiparty payment channels on the Lightning Network. * Channel factories improve payment reliability by allowing off-chain liquidity allocation. * Multiparty channels enable users to allocate liquidity into large groups and sub-allocate it off-chain. * Multiparty channels involve stacking conventional two party channels on top of the multiparty
bitcoin
* Bitcoin is forming a "three blind mice" pattern, suggesting a potential downward trend. * The pattern indicates that future price action will follow the direction of the "three blind mice." * Peter Brandt previously mentioned this pattern in December 2022, before a sharp upside breakout in January 2023.