🚀 Ethereum speeds up! Block times cut to 8 seconds? ⏳
Ethereum's new proposal, EIP-7781, aims to slash block times from 12 seconds to 8, boosting throughput by 50%! 🧩 Launched by Ben Adams on Oct 5, this upgrade will supercharge Layer 2 rollups, lower fees, and increase blob capacity, all while saving users roughly $100M annually. 🤑
Though Ethereum devs are cheering, solo stakers worry about the increased hardware demands and decentralization risks. 💻⚖️ Still, Justin Drake and Vitalik Buterin are on board. Could this be the next big step for Ethereum’s efficiency?
Ethereum's new proposal, EIP-7781, aims to slash block times from 12 seconds to 8, boosting throughput by 50%! 🧩 Launched by Ben Adams on Oct 5, this upgrade will supercharge Layer 2 rollups, lower fees, and increase blob capacity, all while saving users roughly $100M annually. 🤑
Though Ethereum devs are cheering, solo stakers worry about the increased hardware demands and decentralization risks. 💻⚖️ Still, Justin Drake and Vitalik Buterin are on board. Could this be the next big step for Ethereum’s efficiency?
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💎 TON Wallet Drainer Shuts Down Due to Lack of Whales
A wallet-draining service targeting TON has announced its closure due to a lack of "whales" in the community. 🐳🧐
In a message posted on October 7, the drainer suggested followers switch to Bitcoin-draining services, citing the limited high-value users in TON. 🤷😁
A wallet-draining service targeting TON has announced its closure due to a lack of "whales" in the community. 🐳🧐
In a message posted on October 7, the drainer suggested followers switch to Bitcoin-draining services, citing the limited high-value users in TON. 🤷😁
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💰 FTX to Refund Users!
⚖️ A U.S. court has approved FTX's reorganization plan following its 2022 bankruptcy. 🎉 Customers will receive at least 118% of the dollar amounts in their accounts as of November 2022.
This is a significant milestone in distributing funds to clients and creditors, though the exact payout date remains unclear. 👂Rumors suggest that users with balances under $50,000 may see their funds returned by the end of this year. 🧐
⚖️ A U.S. court has approved FTX's reorganization plan following its 2022 bankruptcy. 🎉 Customers will receive at least 118% of the dollar amounts in their accounts as of November 2022.
This is a significant milestone in distributing funds to clients and creditors, though the exact payout date remains unclear. 👂Rumors suggest that users with balances under $50,000 may see their funds returned by the end of this year. 🧐
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🕵️♂️ Arthur Hayes has released a new essay titled "PvP", where he shares insights on listings on crypto exchanges.
He highlights that most CEXs charge between $250,000 and $500,000 in stablecoins, with some demanding up to 16% of the total token supply. 🙀
💰Binance stands out by charging up to 8% of the total supply and requiring projects to purchase $5 million worth of BNB as a deposit. Additionally, Binance mandates that projects distribute 8% of their tokens to users through airdrops, while other CEXs may ask for up to 3% of the supply for marketing efforts. 😳
Importantly, listing on major exchanges in 2024 does not guarantee an increase in token prices, as newly launched tokens have performed poorly for retail investors. 🤷 Many projects are also entering the market with inflated valuations, and to be more attractive, they should consider reducing their valuations by 40-50% at launch. 🤔
He highlights that most CEXs charge between $250,000 and $500,000 in stablecoins, with some demanding up to 16% of the total token supply. 🙀
💰Binance stands out by charging up to 8% of the total supply and requiring projects to purchase $5 million worth of BNB as a deposit. Additionally, Binance mandates that projects distribute 8% of their tokens to users through airdrops, while other CEXs may ask for up to 3% of the supply for marketing efforts. 😳
Importantly, listing on major exchanges in 2024 does not guarantee an increase in token prices, as newly launched tokens have performed poorly for retail investors. 🤷 Many projects are also entering the market with inflated valuations, and to be more attractive, they should consider reducing their valuations by 40-50% at launch. 🤔
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Crypto soothsayer
📺 Who Will HBO Present as Satoshi Nakamoto? 🎰 Bets are already being placed on Polymarket regarding who will be identified as Satoshi in HBO's upcoming documentary. Leading the pack is Len Sassaman with 39% of the votes. He tragically took his own life…
Samson Mow leaked a "spoiler" on Twitter, claiming that Adam Back is actually Satoshi Nakamoto 🙀
🚀 After this, Back briefly surged to the top on Polymarket, where users are betting on who will be revealed as Satoshi in the upcoming HBO documentary. Yesterday, 22% of the site's users voted for Back. However, Adam Back denied the claim, calling it "just a joke." 🤷
📊 As of today, the leaderboard on Polymarket has evened out. Adam Back now shares the top spot with Len Sassaman and Nick Szabo, all of whom have between 10-13% of the votes.
🗣 The debate about the real identity of Satoshi Nakamoto continues, with the HBO documentary further fueling speculation.
🚀 After this, Back briefly surged to the top on Polymarket, where users are betting on who will be revealed as Satoshi in the upcoming HBO documentary. Yesterday, 22% of the site's users voted for Back. However, Adam Back denied the claim, calling it "just a joke." 🤷
📊 As of today, the leaderboard on Polymarket has evened out. Adam Back now shares the top spot with Len Sassaman and Nick Szabo, all of whom have between 10-13% of the votes.
🗣 The debate about the real identity of Satoshi Nakamoto continues, with the HBO documentary further fueling speculation.
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Holders of VAI, TORN, OMG, WAVES, XEM, BOND, DOCK, MDX, POLS, and PURSE tokens on Binance will face a forced conversion of these assets into USDC based on the average token-to-USDC rate between 2024-10-29 00:00 (UTC) and 2025-04-28 23:59 (UTC).
These tokens will also be delisted from Binance. 🤷
Those who are dissatisfied can withdraw their coins before October 28.
These tokens will also be delisted from Binance. 🤷
Those who are dissatisfied can withdraw their coins before October 28.
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In 2024, the global number of cryptocurrency holders has surpassed 650 million. 🚀
This figure is still lower than the number of internet users back in 1999. 🤷
The internet hit 1 billion users by 2001 and crossed the 2 billion mark in 2007. However, the rate of growth of cryptocurrency users is higher, so we may not have to wait several years for the first billion 🧐.
This figure is still lower than the number of internet users back in 1999. 🤷
The internet hit 1 billion users by 2001 and crossed the 2 billion mark in 2007. However, the rate of growth of cryptocurrency users is higher, so we may not have to wait several years for the first billion 🧐.
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Eric Balchunas, a Bloomberg ETF specialist, faced heavy backlash after claiming Ethereum (ETH) is less secure than Bitcoin (BTC). 🧐
🕵️♂️ In a now-deleted post, he referenced a book that suggested the U.S. government could shut down Ethereum by turning off Amazon Web Services (AWS) and even proposed a bizarre theory involving Vitalik Buterin being kidnapped to manipulate ETH.
🔴 Critics, including Ethereum educator Anthony Sassano, slammed the post as “blatant misinformation” and “propaganda.” Sassano didn’t hold back, calling Balchunas irresponsible for spreading the claims.
🔍 Facts: Only 28.4% of Ethereum nodes rely on AWS, and the idea of government shutdowns or kidnapping schemes has been thoroughly debunked.
Despite the backlash, Ethereum developers continue pushing for more decentralization with solo staking and lower hardware requirements. 💻
🕵️♂️ In a now-deleted post, he referenced a book that suggested the U.S. government could shut down Ethereum by turning off Amazon Web Services (AWS) and even proposed a bizarre theory involving Vitalik Buterin being kidnapped to manipulate ETH.
🔴 Critics, including Ethereum educator Anthony Sassano, slammed the post as “blatant misinformation” and “propaganda.” Sassano didn’t hold back, calling Balchunas irresponsible for spreading the claims.
🔍 Facts: Only 28.4% of Ethereum nodes rely on AWS, and the idea of government shutdowns or kidnapping schemes has been thoroughly debunked.
Despite the backlash, Ethereum developers continue pushing for more decentralization with solo staking and lower hardware requirements. 💻
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Satoshi Nakamoto is reportedly Bitcoin Core developer Peter Todd, according to HBO
The main piece of evidence HBO presents is that Peter Todd left a strange comment on Satoshi's post in 2010, allegedly forgetting to switch accounts. 😳 However, this is more of an ancient legend, unverified by facts.
Other arguments are downright laughable:
▪️Satoshi posted on a schedule that coincides with a student’s, posting more on weekends. At that time, Todd was a student. 😁
▪️Todd implemented the "replace-by-fee" (RBF) concept, which was discussed in a thread on the same forum. Todd used the alias "John Dillon" to promote RBF. 🤔
▪️Both used British/Canadian spelling.
▪️At one point, Todd discussed "donating" BTC — it's suggested this refers to Satoshi's coin destruction. 🤯
Peter Todd himself denies any involvement in the creation of BTC.
The market has not reacted to the "revelation" of Satoshi Nakamoto's identity. 🤷
The main piece of evidence HBO presents is that Peter Todd left a strange comment on Satoshi's post in 2010, allegedly forgetting to switch accounts. 😳 However, this is more of an ancient legend, unverified by facts.
Other arguments are downright laughable:
▪️Satoshi posted on a schedule that coincides with a student’s, posting more on weekends. At that time, Todd was a student. 😁
▪️Todd implemented the "replace-by-fee" (RBF) concept, which was discussed in a thread on the same forum. Todd used the alias "John Dillon" to promote RBF. 🤔
▪️Both used British/Canadian spelling.
▪️At one point, Todd discussed "donating" BTC — it's suggested this refers to Satoshi's coin destruction. 🤯
Peter Todd himself denies any involvement in the creation of BTC.
The market has not reacted to the "revelation" of Satoshi Nakamoto's identity. 🤷
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Today, live on X, tokens DOGS and NOT worth $4,000,000 will be burned at 1 PM UTC. 🔥
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A second application for an XRP ETF has been submitted to the SEC by Canary Capital, following Bitwise. 🚀
This is the company founded by Valkyrie creator Stephen McClurg.
Ripple CEO Brad Garlinghouse reacted violently to this news. 😏
This is the company founded by Valkyrie creator Stephen McClurg.
Ripple CEO Brad Garlinghouse reacted violently to this news. 😏
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The number of TON holders has reached 100 million! 🚀
At the beginning of the year, there were only 4.3 million TON holders.
Mass adoption through Telegram is going well! 👍
At the beginning of the year, there were only 4.3 million TON holders.
Mass adoption through Telegram is going well! 👍
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Crypto soothsayer
Satoshi Nakamoto is reportedly Bitcoin Core developer Peter Todd, according to HBO The main piece of evidence HBO presents is that Peter Todd left a strange comment on Satoshi's post in 2010, allegedly forgetting to switch accounts. 😳 However, this is more…
Peter Todd, whom HBO has identified as the real Satoshi Nakamoto, mentions that he will probably have to run for president now. 🤷😁
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🚨 US Government's $4.38B Bitcoin Stash: To Sell or Not to Sell? 💼💰
As Uncle Sam takes full custody of 69,370 Bitcoins seized from the Silk Road, speculation is heating up! 🚀 Critics like Peter Schiff are having a field day, suggesting the government might offload the stash before the 2024 elections—just like Germany’s crypto sell-off! 🇩🇪
Schiff even took a playful jab at Bitcoin mega-bull Michael Saylor, saying MicroStrategy should borrow $4.3B and buy the whole lot! 😆 But the big question remains:Will Saylor step in? 🧐
With Bitcoin potentially dropping below $50K if a liquidation happens, traders are on edge. 🛑 And with the election around the corner, selling off Bitcoin could sway those crypto-friendly voters! 🗳
As Uncle Sam takes full custody of 69,370 Bitcoins seized from the Silk Road, speculation is heating up! 🚀 Critics like Peter Schiff are having a field day, suggesting the government might offload the stash before the 2024 elections—just like Germany’s crypto sell-off! 🇩🇪
Schiff even took a playful jab at Bitcoin mega-bull Michael Saylor, saying MicroStrategy should borrow $4.3B and buy the whole lot! 😆 But the big question remains:Will Saylor step in? 🧐
With Bitcoin potentially dropping below $50K if a liquidation happens, traders are on edge. 🛑 And with the election around the corner, selling off Bitcoin could sway those crypto-friendly voters! 🗳
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👴 86-Year-Old Lawyer’s Crypto Ponzi Gone Wrong! 💸⚖️
David Kagel, an 86-year-old former California lawyer, just got sentenced to 5 years probation for his role in a $9.5 million crypto Ponzi scheme. And the cherry on top? He owes nearly $14 million! 😳
Kagel promised investors sky-high returns (up to 100%!) and even claimed to have 1,000 Bitcoins in escrow. Spoiler: he didn’t. 🧐 Now he’s serving probation in a senior care facility, complete with a monitoring device!
Crypto Ponzi schemes and bad health—talk about retirement goals gone wrong! 😅
David Kagel, an 86-year-old former California lawyer, just got sentenced to 5 years probation for his role in a $9.5 million crypto Ponzi scheme. And the cherry on top? He owes nearly $14 million! 😳
Kagel promised investors sky-high returns (up to 100%!) and even claimed to have 1,000 Bitcoins in escrow. Spoiler: he didn’t. 🧐 Now he’s serving probation in a senior care facility, complete with a monitoring device!
Crypto Ponzi schemes and bad health—talk about retirement goals gone wrong! 😅
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Ireland’s Biggest Bitcoin Mystery: Gone Fishing? 🎣💸
🇮🇪 Ireland’s Criminal Assets Bureau (CAB) is sitting on a goldmine—or should we say Bitcoinmine — worth $378 million. The catch? They can’t access it! 💀
This massive BTC stash, seized from drug dealer Clifton Collins, is locked in 12 wallets, but the seed phrases? Allegedly hidden in a fishing rod case... which conveniently vanished after a break-in. 🎣🤦♂️
Now, CAB’s got Bitcoin they can’t touch, and the drug dealer’s probably having a laugh somewhere.😂
🇮🇪 Ireland’s Criminal Assets Bureau (CAB) is sitting on a goldmine—or should we say Bitcoinmine — worth $378 million. The catch? They can’t access it! 💀
This massive BTC stash, seized from drug dealer Clifton Collins, is locked in 12 wallets, but the seed phrases? Allegedly hidden in a fishing rod case... which conveniently vanished after a break-in. 🎣🤦♂️
Now, CAB’s got Bitcoin they can’t touch, and the drug dealer’s probably having a laugh somewhere.😂
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🚨 Feds vs. Meme Coin Manipulators! 🎭
In a plot twist straight out of a crypto drama, the feds charged 14 individuals and four companies—including Gotbit, the so-called "meme coin market maker"—for manipulating the market and wash trading. 💸
The FBI even got creative, launching a fake token called NexFundAI as part of their sting operation, "Operation Token Mirrors." 🎣 And surprise! Gotbit’s CEO, who once bragged about faking crypto trade volumes, got caught in Portugal. He now awaits extradition. 🚔
Looks like the DOJ decided that meme coins + pump-and-dump = jail time! 😂
In a plot twist straight out of a crypto drama, the feds charged 14 individuals and four companies—including Gotbit, the so-called "meme coin market maker"—for manipulating the market and wash trading. 💸
The FBI even got creative, launching a fake token called NexFundAI as part of their sting operation, "Operation Token Mirrors." 🎣 And surprise! Gotbit’s CEO, who once bragged about faking crypto trade volumes, got caught in Portugal. He now awaits extradition. 🚔
Looks like the DOJ decided that meme coins + pump-and-dump = jail time! 😂
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