Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making It a Real Thing
A token meant for testing purposes wasn’t intended to be traded, yet some traders have pounced on the supposed opportunity.
Technology
Ethereum’s Shanghai Upgrade Has Been ‘Disappointing,’ JPMorgan Says
Daily transactions, daily active addresses and total value locked on the blockchain have all fallen since the upgrade, the report said.
Polygon Emerges as Suitor for Celo’s New Layer-2 Blockchain, Competing With OP Stack
Celo, which is ditching its standalone blockchain in favor of a new “layer-2” network atop Ethereum, had originally signaled plans to rely on Optimism’s OP Stack, a similar customizable kit to Polygon’s but using Optimism’s “optimistic” technology.
The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M
Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.
Ethereum’s Holesky Testnet Fails To Launch, in Rare Tech Misstep for the Blockchain
Developers of the Ethereum blockchain say there was a misconfiguration in the genesis files of the test network, and now they plan to try again in about two weeks.
Ethereum Blockchain Launches ‘Holesky’ Test Network, on First Anniversary of Historic ‘Merge’
The debut of the testing system – designed to be twice as big as the main network so developers can simulate massive scaling, comes a year after Ethereum completed its historic “Merge” shift to a “proof-of-stake” model from the original “proof-of-work” setup that Bitcoin uses.
Coinbase Earned $1M Amid Hack, but Hasn’t Reimbursed Victims
Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit.
IOTA Eyes Big Crypto Leagues Again With Series of Network Boosting Plans
These changes are supposed to boost the value of iota tokens for holders and investors, alongside improving network security.
Ether Staking Landscape Gets Boost as SSV Mainnet Seeks to Dispel Centralization Concerns
The launch comes as staking landscape is dominated by centralized staking providers, which together hold more than 70% of the staked ether (ETH) supply.
The Protocol: The CFTC Is Cracking Down on Crypto
The U.S. Commodity Futures Trading Commission placed a trio of decentralized crypto platforms into its crosshairs last week. An aggressive set of charges from the CFTC – which zeroed in on how the trading platforms handle certain kinds of third-party token swaps – contrasted with the regulator’s more lenient image.