Crypto Evening Briefing: S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
The exchange said on Sunday hackers transferred the crypto assets from a hot wallet to an unidentified wallet.
Why Cairo 1.0 ?
The Cairo 1.0 panel covered various aspects of StarkNet, Cairo, Sierra, and the ongoing improvements and optimizations of these technologies.
Top 3 Blockchains Used in NFT Development: A Beginner’s Guide
Learn about popular NFT blockchains and the key things to consider when choosing the right blockchain for your upcoming NFT project.
Estimating the Impact of Ethereum’s Shapella Upgrade
Breaking down the short to medium-term effects from the upcoming ETH unlocks.
Ethereum Staking Deposits Dip Due to Regulatory Pressure and Shapella Upgrade
Ethereum staking deposits have declined slightly due to increased regulatory pressure and the upcoming Shapella upgrade. Glassnode reported that deposit activities are currently low due to regulatory pressure and the Shanghai upgrade. The Shapella hard fork will enable the phased release of ETH staked on the Beacon Chain. Major centralized exchanges such as Coinbase, Binance, and Kraken have lost market share to Lido, which currently accounts for almost a third of the total amount of ETH staked. Lido takes a 10% commission and offers the potential of earning additional yields on DeFi platforms through its staking token Lido Staked ETH. Analysts have predicted that liquid staking platforms such as Lido will get a boost when ETH is released from the Beacon Chain after the Shapella upgrade.
Ethereum Validator Cashes in 689 ETH From MEV-Boost Relay
Lido, an Ethereum liquid staking solution, received a 689 Ether reward worth $1.28 million from a single Miner Extractable Value (MEV)-boost relay block on the Ethereum Beacon Chain. MEV-boost relays enable centralized extraction of value by aggregating blocks from multiple builders to select the one with the highest fees. One of the most common types of MEV exploits is the "sandwich" attack, where an attacker places a large trade on either side of a target's transaction, manipulating the price and profiting from the price change. MEV-boost relays stem from the concept of Proposer-Builder Separation (PBS), which was introduced by the Ethereum research organization Flashbots in 2021 to further decentralize the Ethereum network and strengthen censorship resistance. However, Ethereum has encountered several censorship issues since The Merge, including compliance with standards laid down by the Office of Foreign Assets Control (OFAC).
SevenX Ventures Joins Caldera's Seed Funding Round for Customizable Layer-Two Rollup Solutions
Caldera Chains offer high throughput, low latency, and customizable features for optimizing the performance and user experience of decentralized apps, with the ability to process hundreds of transactions per second with sub-second confirmation times.
Polygon Surpasses Ethereum in Daily Active Addresses, but Faces Challenges in DeFi Space and MATIC Price Correction
Polygon outperformed Ethereum in terms of daily active addresses, with 399,950 users compared to Ethereum's 376,350. The surge in activity on Polygon can be attributed to several factors, including the performance of its dApps and the migration of y00ts NFT.
Growing Confidence in Ethereum as Self-Custody Reaches All-Time High and Investors Hold onto Positions
The amount of Ethereum held in self-custody and away from exchanges has reached an all-time high, marking a significant increase in confidence from hodlers. This trend is especially significant when we consider that Ethereum was introduced nearly 8 years ago, making this the highest level of self-custody that the token has seen in its entire history.
InCore Bank Signs Maerki Baumann As First Client for Ethereum Staking, Powered by SDX
InCore Bank can now offer Ethereum staking capabilities that are fully compliant with Know-Your-Client (KYC) and Anti-Money-Laundering (AML) regulations. In this collaboration, InCore Bank provides crypto brokerage, banking operations and custody services, while SDX Web3 provides crypto custody and non-custodial-staking services.
