A whale is suspected of conducting short-selling operations of $48 million in ETH through on-chain mortgages.
On December 22nd, Arkham monitoring showed that an address starting with 0x454 had collateralized about $80 million worth of WBTC on Aave, and borrowed around $48 million worth of ETH. Subsequently, these ETH were sent to Coinbase, suspected to be sold, and the whale may be shorting ETH.
A whale pledged WBTC to lend out $48 million in ETH and transferred the latter to Coinbase
According to data agency Arkham, on December 22nd, a new address starting with 0x454 borrowed 48 million USD worth of ETH on Aave by pledging 80 million USD worth of WBTC, and transferred the ETH to Coinbase. The address received the funds three days ago and made the transaction when the ETH to BTC exchange rate hit a new low.
The tentative date for the activation of the Cancun/Deneb upgrade on the Ethereum Goerli, Sepolia, and Holesky testnets has been determined
Christine Kim, the Vice President of Galaxy Research, summarized the 177th Ethereum Core Developer Execution Layer Meeting (ACDE). This week, developers set a tentative date to activate the Cancun/Deneb upgrade on all three public Ethereum test networks.The test network upgrade schedule is as follows: Goerli fork on January 17, 2023, Sepolia fork on January 31, 2023, and Holesky fork on February 7, 2023.These dates may change as developers may need to update them in the coming weeks due to unexpected errors and issues with client releases.Developers also discussed the performance of the second Goerli shadow fork, the precompiled address range for Layer 2, and expectations for the Prague/Electra upgrade. The meeting also confirmed that the next ACDE meeting will be held on January 4th.
ETH breaks through $2,300
The market shows ETH has broken through $2300 and is currently trading at $2300.26, with a daily increase of 3.84%. The market is volatile, so please take caution and manage your risks.
12,800 ETH transferred to Beacon Depositor contract
According to Whale Alert monitoring, 12,800 ETH (approximately $29,230,271) was transferred from an unknown wallet to the Beacon Depositor Contract.
20,000 ETH were transferred from Bybit to an unknown wallet
According to Whale Alert monitoring, 20,000 ETH (approximately $44,184,202) was transferred from Bybit to an unknown wallet.
Lido's Dominance in Ethereum Validator Space Poses Security Risk, Decentralized Validator Technology Gains Traction
The concentration of power among a small group of validators, including Lido, on the Ethereum network is a significant security risk. Lido controls a large portion of staked ETH, and if this share increases, it could lead to network outages or malicious activity. Decentralized validator technology (DVT) aims to address this vulnerability by spreading operations across multiple parties. Lido is testing a "Simple DVT Module" in partnership with Obol and SSV, and while larger institutions may take time to adopt DVT, hobbyist solo-stakers and community-run collectives are expected to embrace the technology soon.
16,123 ETH transferred from unknown wallet to Coinbase
According to Whale Alert monitoring, 16,123 ETH (worth about $35,685,329) was transferred from an unknown wallet to Coinbase.
Release Blockhash Opcode Restrictions with zk-SNARKs for Optimistic Bridges
This post is a proposed solution to release the restrictions that exist in Ethereum opcode by using zk-SNARKs. Furthermore, I hope to use this idea to solve the challenges of the optimistic bridges.
Bloomberg Analyst: SEC May Make Concessions on Ethereum
Bloomberg analyst James Seyffart recently discussed a noteworthy development in his blog. The U.S. Securities and Exchange Commission (SEC) has changed its stance on Ethereum. Seyffart stated that with the approval of Ethereum futures ETFs, the SEC is subtly acknowledging that Ethereum may be considered a commodity rather than a security. If the SEC changes its stance and classifies Ethereum as a security, it would have a significant impact.
9,614 ETH transferred from BitFlyer to unknown wallet
According to WhaleAlert monitoring data, at 17:49 Beijing time, 9,614 ETH (worth $20,774,326) was transferred from BitFlyer to an unknown wallet.
9682 ETH transferred from unknown wallet to Binance
According to Whale Alert monitoring data, at around 10:01 Beijing time, 9,682 ETH (worth about $21,534,509) was transferred from an unknown wallet to Binance.
The dispute between SegWit and the mempool, preventing SegWit from potentially causing a "Bitcoin civil war".
Inscription certainly has a disadvantage compared to Bitcoin, but attempting to prevent Inscription may cause much more damage than Inscription itself.
An address deposited 5,000 ETH and 3 million USDT into Blast.
According to on-chain analyst Ai Auntie's monitoring, about half an hour ago, address 0xf73...3242D deposited 5,000 ETH (worth $11.54 million) and 3 million USDT into Blast; all of these funds were withdrawn from Binance.
Protocol Village: Cardano Codebase Moves to Member-Based Project Intersect's Stewardship
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 14-Dec. 20, with live updates throughout.
Ethereum's inscription token eths rose to $14,000, up more than 30% in 24 hours
On December 17th, EtchMarket data shows that the price of one Ethereum Name Service token, eths, has risen to $14,000, with a 30% increase in 24 hours. It is reported that eths is the first text token issued based on the Ethereum Name Service protocol, Ethscriptions.
A whale address that has been dormant for a year sold 18,865 ETH and still holds 5,588 ETH.
On December 16th, according to Lookonchain monitoring, a whale address that has been dormant for a year is selling ETH on the chain. So far, 18,865 ETH has been sold through 4 new wallets at a price of 42 million US dollars in DAI, with an average selling price of 2,229 US dollars. The address still has 5,588 ETH (approximately 12.5 million US dollars) that has not been sold.
The Ethereum community officially adopts ERC-3643 as a compliant asset tokenization standard
The Ethereum community has officially signed the Ethereum Improvement Proposal (EIP) ERC-3643, establishing it as the recognized standard for tokenization of real-world assets (RWA). The proposal has reached its final state, meaning that it has been formally reviewed, discussed, and agreed upon within the Ethereum community, similar to the process of establishing ERC-20 and other standards in the past.
Ethereum Layer 2 solution Enphyr completes $1 million in seed round financing
Enphyr, an Ethereum Layer 2 solution, announced the completion of a $1 million seed round financing at a valuation of $10 million. Waveslab Ventures led the investment with participation from a group of industry private equity investors. Enphyr mainly helps projects use the security of Ethereum and build the next generation of Web 3 applications through its data privacy, data tokenization, and blockchain-supported KYC verification services. The new funds will be used to expand the team and build strategic partnerships.
A giant whale withdrew 15,896 ETH from Coinbase in 24 hours
According to Scopescan monitoring, a whale with an address starting with 0x597c withdrew 15,896 ETH (worth 34 million US dollars) from Coinbase within 24 hours.
