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ZKsync has recovered $5.7 million worth of stolen ZK and ETH tokens after the hacker agreed to return 90% of the funds. The ZKsync Association has confirmed the recovery of $5 million worth of stolen tokens from an April 15 ZKsync security incident involving its airdrop distribution contract. The hacker agreed to accept a 10%…
Long-time investors are slashing their Ether balances as Ethereum begins self-improvement to fix its base layer. Ethereum is entering one of its most precarious periods since its inception. Usage on the base layer is plummeting, core metrics are nearing multi-year lows, and even co-founder Vitalik Buterin is proposing a radical architectural overhaul. Institutions aren’t waiting…
Ether has outperformed Bitcoin and the wider crypto market with a 15% surge, helping it bounce from an all-time low market dominance. Ethereum’s price has surged after having been in the doldrums for weeks, helping boost its market share after it hit record lows. Ether (ETH) has surged almost 15% over the past 24 hours,…
The futures contracts are regulated by the US CFTC and add to a growing list of crypto derivatives products available for retail and institutional investors. Coinbase has listed futures contracts for the XRP token on its US derivatives exchange, the cryptocurrency platform said on April 21. The contracts are overseen by the US Commodity Futures…
Bitcoin’s strong up move increases the likelihood of a rally to $95,000, signaling that the bottom may be in. The US Dollar Index (DXY) plunged below the 98 level on April 21, falling to a three-year low. That catapulted gold to a new all-time high, and Bitcoin (BTC) also showed strength, rising above $88,000. BitMEX…
Solana briefly overtook Ethereum in terms of staked token value, but there’s debate whether this is a bullish or bearish milestone. The Solana network briefly surpassed Ethereum in total staked value of their respective native tokens, SOL and ETH, sparking debate over whether it is actually bullish or bearish for Solana. More than $53.9 billion…
Restaking promised to supercharge Ethereum’s ecosystem, but mounting risks and UX woes threaten to fracture the network further. bApps are the answer and can unify the fragmented ecosystem. Opinion by: Alon Muroch, founder of SSV Labs Even though Ethereum remains a leader in terms of total value locked (TVL), things aren’t looking great. Network activity…
The Ethereum co-founder continues to propose ideas to make the smart contract blockchain more competitive with high-throughput chains. Ethereum co-founder Vitalik Buterin has proposed replacing the current Ethereum Virtual Machine (EVM) contract language with the RISC-V instruction set architecture to improve the speed and efficiency of the Ethereum network’s execution layer. Buterin’s April 20 proposal…
The race to scale blockchain networks has created an unexpected problem of isolated pools of capital that make crypto harder, not easier, to use. Opinion by: Jin Kwon, co-founder and chief strategy officer at Saga Crypto has come a long way in boosting transaction throughput. New layer 1s (L1s) and side networks offer faster, cheaper…
Though still a small slice of the RWA market, tokenized stocks are gaining traction as institutions eye faster, cheaper access to US equities. Tokenized stocks are on track to exceed $1 trillion in market capitalization in the coming years as adoption accelerates, two industry executives said at the TokenizeThis conference in New York. The total…