lawrence jenga September 28, 2024 12:30 Addresses common misconceptions about Timeboost, a new transaction ordering policy proposed for the Arbitrum chain and clarifies its impact on MEV and transaction orders. Understanding Timeboost and its purposeSeveral misunderstandings emerged as the Arbitrum DAO discussed Timeboost, a proposed new transaction ordering policy for the Arbitrum chain. Timeboost aims to improve transaction sequencing without introducing new maximum extractable value (MEV) problems. According to Offchain Labs, these misconceptions need clarification to ensure accurate public perception.Myth #1: Arbitrum uses the transaction model of Ethereum L1.A widespread misconception is that Arbitrum…
Author: Crypto Flexs
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Top news of the week Binance founder CZ released from US prison Binance founder and former CEO Changpeng “CZ” Zhao was released from a US federal prison on September 27 after serving four months for anti-money laundering (AML) violations, a US Federal Bureau of Prisons spokesperson said. . Cointelegraph. CZ pleaded guilty in November to federal charges for failing to implement adequate AML controls at Binance, the world’s largest cryptocurrency exchange by daily trading volume, according to a November 21 statement from the U.S. Department of Justice. He also stepped down as CEO of Binance. With a reported net worth…
baby hippopotamus Mudeng It caused a viral sensation. that Moo Deng is a meme coin. We are seeing explosive growth. As the market strengthens, blue-chip MEMCOIN is booming. Memecoin has long been a part of cryptocurrency lore, and despite its polarizing reputation, it turned lucky investors into millionaires overnight. Love or hate memecoins, they continue to captivate the market with their incredible volatility and promise of quick wealth. Moo Deng, the viral baby hippo-inspired memecoin, is the latest sensation in the cryptocurrency world. The explosive rise has investors buzzing, with its market capitalization soaring to $209 million within weeks of…
A cryptocurrency whale appears to have lost $32 million worth of tokens after signing malicious transactions, blockchain security service ScamSniffer first noted in a post by X. The losses came in the form of wrapped Ether tokens from decentralized finance (DeFi) protocol Spark. The 12,083 spWETH tokens leaked from the wallet are currently worth approximately $32.4 million. According to blockchain intelligence company Arkham, this malicious transaction was carried out by the Inferno Drainer Scam-as-a-Service. Inferno Drainer, which targets users using spoofed versions of popular DeFi applications to trick them into signing over control of their wallets, stole more than $215…
A widely respected cryptocurrency analyst believes Bitcoin (BTC) could hit six figures before the end of the year as the top digital asset by market capitalization regains the $65,000 level. Cryptocurrency trader Michaël van de Poppe told his 725,400 followers on social media platform X that Bitcoin could rise by more than 53% from its current value. He believes the Federal Reserve’s interest rate cuts and increased global liquidity are bullish catalysts for Bitcoin and other digital assets. “Gold continues to rise, while silver has reached its highest price level in 10 years. Global liquidity is increasing significantly and altcoins…
Ted Hisokawa September 28, 2024 12:48 Vitalik Buterin addresses the need for clearer coordination in the Ethereum ecosystem, emphasizing decentralization, collaboration, and open standards. Ethereum co-founder Vitalik Buterin has made it clear that there is a need for clearer coordination within the Ethereum (ETH) ecosystem. According to his blog post, the key challenge is integrating decentralization and collaboration between various stakeholders, including client teams, researchers, layer 2 teams, application developers, and local community groups. The challenge of alignment Buterin emphasizes that the strength of the Ethereum ecosystem is its diversity. However, this diversity can…
ASI Alliance founder Ben Goertzel says the alpha version of OpenCog Hyperon, a general artificial intelligence system he has been developing for more than 20 years, already has some degree of “self-awareness.” Goertzel also said he believed OpenAI was likely reluctant to create autonomous agents for fear that its “very impressive” new o1 model would be seen as “dangerous and risky,” sparking a crackdown from regulators.The Artificial Superintelligence Alliance was formed in March this year, combining Goertzel’s SingularityNET project, Ocean Protocol, and DeepMind veteran Humayun Sheikh’s FetchAI.This week, 96% of CUDOS voters approved the merger of Decentralized Cloud Hardware Network…
SHIB led the latest memecoin rally amid overall altcoin market optimism. Memecoins was the best performing sector on a YTD basis. The altcoin sector has seen strong gains since the Fed pivot in mid-September, which has bolstered confidence in the market’s much-anticipated early innings. alternate season. But at press time, a familiar trend seemed to be emerging. Meme Coin dominance. Founder of Glassnode famous Likewise, early in the alt season, memecoins claim to be in the lead. In doing so, they emphasized: dogwifehat (WIF), Shiba Inu (SHIB)and Pepper (PEPPER) It is showing strong driving force. “We just entered altcoin season…
Onyx, a fork of DeFi lending protocol Compound Finance, suffered a loss of $3.2 million on Thursday, marking the second time the protocol’s smart contracts have been exploited in the past year. According to security company Fuzzland, a malicious contract was distributed to Onyx at 11:57 a.m., about five minutes before the attack occurred. Competitors PeckShield and Cybers also took notice. suspicious Transactions at OnyxDAO before hacking. Cybers noted that most of the losses occurred in VUSD, a US dollar-denominated stablecoin. The suspected attacker also had 521 ETH worth about $1.36 million and was reluctant to exchange the stolen assets,…
Bitcoin has shown some bullish momentum over the past day, but one analyst has pointed out that the asset may currently be in a high-risk zone due to open interest trends. Bitcoin open interest has increased dramatically recently. As CryptoQuant Community Manager Maartunn explains in a new post on X, Bitcoin Open Interest has just surged to high levels. “Open Interest” is an indicator that tracks the total amount of BTC-related positions currently open on all derivatives exchanges. A rise in the value of this indicator means that investors are now taking new positions in the derivatives market. When this…