Yorg Healer October 17, 2024 02:36 Vitalik Buterin discusses the potential future of Ethereum in ‘The Surge’, focusing on scalability and decentralization through sharding and rollups, and targeting 100,000+ TPS. Ethereum’s future scalability strategy, known as ‘The Surge’, is gaining attention as the blockchain community anticipates significant improvements in transaction throughput and decentralization. According to Vitalik.eth.limo, this initiative is consistent with Ethereum’s long-term roadmap to address scalability issues by enhancing both layer 1 (L1) and layer 2 (L2) protocols. Sharding and Rollup: The Basics Initially, Ethereum’s roadmap included two main scaling strategies: sharding and…
Author: Crypto Flexs
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DEX trading volume increased by more than 9% in 24 hours, with Uniswap leading the surge. Uniswap’s total value locked (TVL) reached $4.9 billion, showing a significant increase in activity. DEX trading volume has increased significantly over the past week and has recorded even more growth in the past 24 hours. At the forefront are decentralized exchanges. UniswapThere is equally notable trading activity. This contributed to an increase in overall volume and total value locked (TVL). DEX trading volume surged over 24 hours. Recent data shows that DEX trading volume has recorded a sharp rise over the past seven days,…
Bitcoin (BTC) hit $68,000 on October 16 after hitting an 11-week high at the opening bell on Wall Street.BTC/USD 1-hour chart. Source: TradingViewBTC price hits 11-week high.Data from Cointelegraph Markets Pro and TradingView shows a resumption of BTC price gains as bulls eclipsed the peak of the leverage-driven “fake” the previous day.The volatility was noticeable and renowned trader and analyst Skew, who analyzed order book conditions, warned of manipulation.“There is very active spoofing going on today,” he wrote on X about the Binance spot market.“There is a 1% to 2.5% gap between buy and bid liquidity, so without passive flows,…
Ethereum’s perpetual futures funding rate has increased to levels not seen since the global liquidation event in August, when major cryptocurrencies such as Bitcoin and Ethereum fell along with their stocks, losing more than 20% of their value. Derivatives trader Gordon Grant warned that the cryptocurrency perpetual futures market remains vulnerable to selling from overly leveraged positions, potentially fueled by a combination of technical and macroeconomic factors.According to Coinglass data, the OI-weighted funding rate is 0.0116%, the highest since July 29, when Ethereum was trading at $3,316 just before the 22% price crash in early August. The collapse was triggered…
Radiant Capital has suspended its lending marketplace after its cross-chain lending protocol suffered a cybersecurity breach of more than $50 million on the BNB chain and Arbitrum, Radiant and two cybersecurity experts said. Web3 cybersecurity company De.Fi Antivirus reported on October 16 that “Radiant Capital contracts were exploited on the BSC and ARB chains using the ‘transferFrom’ function, which allowed the exfiltration of user funds, i.e. $USDC $WBNB $ETH etc. “There was,” he said. Post to the X platform. De.Fi said in another It is estimated at $50 million. “We are aware of problems in the Radiant lending market on…
Terrill Dickey October 16, 2024 22:06 Riot Platforms, a leader in Bitcoin mining, will announce its third quarter 2024 earnings call on October 30, 2024. This call will discuss financial results and strategic developments. Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in Bitcoin (BTC) mining, announced its Q3 2024 earnings conference call scheduled for October 30, 2024 at 4:30 PM EST. According to Riot Platforms, the call will provide insight into the company’s financial performance and strategic initiatives for the quarter ended September 30, 2024. Highlights of Earnings Call The conference call will…
Former President Donald Trump currently boasts a significant lead over Vice President Kamala Harris in the polls. However, the bet has raised concerns of manipulation. Harris may be struggling to engage a key demographic that could play a pivotal role in the upcoming election. Polygon-based prediction market PolyMarket rose to prominence during the 2024 US election cycle, claiming that it was more reliable than opinion polls. However, the platform is not perfect. The platform’s recent odds strongly suggested that former President Donald Trump has a better chance of beating Vice President Kamala Harris in November 2024. But Trump’s recent bets…
Ethereum (ETH) rose 8.8% between October 14 and 15, but the $2,650 resistance level is proving more difficult than expected. Traders are increasingly concerned that Ethereum futures open interest, which hit an all-time high on October 16, could be a warning sign. A surge in demand for leveraged ETH positions usually precedes a serious price correction. On October 15, the total Ethereum futures tradable market exceeded 5 million ETH for the first time, a 12% increase from four weeks ago. Ether futures open interest since 2020, ETH. Source: CoinglassOn August 2nd, when Ethereum’s total open interest peaked, the price of…
Radiant Capital was hacked, with over $51 million stolen from the Arbitrum and BNB chains. Over $32 million was stolen from Arbitrum, with the BNB chain accounting for approximately $18 million. Radiant Capital was attacked on October 16, when hackers stole more than $51 million from the decentralized finance lender. On-chain security platform Ancilia first alerted the cryptocurrency community about the attack, which affected Ethereum layer 2 Arbitrum instances and the BNB chain on the OmniChain money market. “We have seen multiple transfers from user accounts via contract 0xd50cf00b6e600dd036ba8ef475677d816d6c4281. Please cancel the approval as soon as possible. The new implementation…
Omnichain Money Market shining capital RDNT -4.51% According to on-chain evidence and Web3 Security Ancilia, it appears to be under attack. The attack began Wednesday afternoon at Radiant’s. Ethereum ETH +0.96% layer 2 decision ARB -0.19% After creating the instance BNB +1.68% chain, according to Arkham Intelligence. data. “We have seen multiple transfers from user accounts via contract 0xd50cf00b6e600dd036ba8ef475677d816d6c4281. Please cancel the approval as soon as possible. The new implementation appears to have a vulnerability feature.” Ancilia wrote to X. The transferFrom exploit uses the transferFrom function of a smart contract to allow one account to send a specified number…