Crypto Ecosystems

Ethereum developers release patches for recent beacon chain finality issues

Ethereum developers have released patches for Prysm and Teku clients in response to recent beacon chain finality issues. The post Ethereum developers release patches for recent beacon chain finality issues appeared first on The Block.

Bitcoin-ether correlation dips below 80% for first time in 18 months

Bitcoin's rolling 30-day correlation with ether fell below 80% this week for the first time since November 2021, according to data firm Kaiko. The post Bitcoin-ether correlation dips below 80% for first time in 18 months appeared first on The Block.

Ethereum’s beacon chain suffers another finality issue

The Ethereum network on Friday experienced another snag that kept transaction finality from happening for about an hour. The post Ethereum’s beacon chain suffers another finality issue appeared first on The Block.

Fractional NFT project Tessera to shut down amid challenging crypto market

Fractional NFT project Tessera and its sister project Escher are set to shut down over the coming weeks amid tough market conditions. The post Fractional NFT project Tessera to shut down amid challenging crypto market appeared first on The Block.

Cosmos blockchain Neutron goes live on mainnet with replicated security

Neutron became the first Cosmos blockchain to launch using replicated security, leaning on the Cosmos Hub for its security. The post Cosmos blockchain Neutron goes live on mainnet with replicated security appeared first on The Block.

MakerDAO unveils AI-fueled roadmap to new blockchain

MakerDAO has published a detailed roadmap for its five-phase Endgame plan that will lead to the introduction of a new blockchain. The post MakerDAO unveils AI-fueled roadmap to new blockchain appeared first on The Block.

Ethereum’s staking rate could double over next 18 months, says Staked

Ethereum is seeing a surge in staking activity as annual rewards currently hover around $1.8 billion, according to a new report from Staked. The post Ethereum’s staking rate could double over next 18 months, says Staked appeared first on The Block.

Worldcoin’s new app to migrate from Polygon to Optimism’s ecosystem

Sam Altman's crypto project Worldcoin is set to migrate its newly launched World App from Polygon to Optimism's ecosystem. The post Worldcoin’s new app to migrate from Polygon to Optimism’s ecosystem appeared first on The Block.

Circle refuses to hold longer-dated Treasurys on concern US government might default

Stablecoin issuer Circle is refusing to hold Treasurys that mature beyond early June, CEO Jeremy Allaire told Politico. The post Circle refuses to hold longer-dated Treasurys on concern US government might default appeared first on The Block.

Tether reports $1.5 billion net profit for first quarter in latest attestation report

Tether released its latest attestation report on Thursday, reporting a "net profit" of $1.48 billion in the first quarter of 2023. The post Tether reports $1.5 billion net profit for first quarter in latest attestation report appeared first on The Block.

Jaredfromsubway.eth’s MEV bot rakes in $34 million in three months

An MEV bot from Jaredfromsubway has been wildly successful in performing sandwich attacks on other blockchain users. The post Jaredfromsubway.eth’s MEV bot rakes in $34 million in three months appeared first on The Block.

Jaredfromsubway.eth’s MEV bot rakes in millions of dollars in three months

An MEV bot from Jaredfromsubway has been wildly successful in performing sandwich attacks on other blockchain users. The post Jaredfromsubway.eth’s MEV bot rakes in millions of dollars in three months appeared first on The Block.

Ethereum’s OFAC-compliant blocks fall to 27%, marking a drop in protocol-level censorship

The percentage of OFAC-compliant blocks on the Ethereum blockchain has dropped to 27% from 80% in November 2022. The post Ethereum’s OFAC-compliant blocks fall to 27%, marking a drop in protocol-level censorship appeared first on The Block.

Bitcoin mining in the desert: Abu Dhabi is set for large-scale Marathon Digital facility

Abu Dhabi is set for a large bitcoin mining complex from Marathon Digital and Zero Two. The post Bitcoin mining in the desert: Abu Dhabi is set for large-scale Marathon Digital facility appeared first on The Block.

Ethereum’s staking rewards rate hits post-Merge record high, fueled by memecoin frenzy

With the surge in on-chain gas fees driven by the most recent memecoin frenzy, the staking reward rate on Ethereum reached a post-Merge all-time high. The post Ethereum’s staking rewards rate hits post-Merge record high, fueled by memecoin frenzy appeared first on The Block.

Pepe whale turns to ChatGPT-created memecoin called Turbo

A large holder of the Pepe memecoin styled on the Pepe the Frog cartoon has a new trade: the Turbo token created with OpenAI's ChatGPT language model for $69. The post Pepe whale turns to ChatGPT-created memecoin called Turbo appeared first on The Block.

Goldman Sachs, Moody’s and more join Digital Asset’s blockchain network

A whole host of finance and technology firms have joined Digital Asset's new privacy-enabled blockchain project, Canton Network, which is set for launch in July. The post Goldman Sachs, Moody’s and more join Digital Asset’s blockchain network appeared first on The Block.

MakerDAO boosts DAI lending capabilities via Spark Protocol roll-out

MakerDAO has introduced Spark, a DeFi lending protocol that enables users to borrow dai (DAI) stablecoin. The post MakerDAO boosts DAI lending capabilities via Spark Protocol roll-out appeared first on The Block.

Bitcoin-based BRC-20 tokens combined market value eclipses $900 million

Tokens created on Bitcoin through the Ordinals protocol have exceeded a total market value of $900 million, highlighting the rapid rise of an emerging asset niche. The post Bitcoin-based BRC-20 tokens combined market value eclipses $900 million appeared first on The Block.

Binance CEO brushes off bitcoin withdrawal issues after normal service resumes

Binance CEO Changpeng Zhao this morning dismissed concerns after the exchange paused and restarted bitcoin withdrawals twice in less than 12 hours. The post Binance CEO brushes off bitcoin withdrawal issues after normal service resumes appeared first on The Block.