Transaction URL: https://blockchain.com/btc/tx/1351bec1b5a94f5aebe728ace6cb19da7d5b5944ef245b5aea6b748c67e75407
- Crunch
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After about 16 months from when the team first announced its roadmap and more than two years of R&D later, COTI launched v2 of its mainnet yesterday.
COTI’s v2 mainnet marks a shift from its DAG (directed acyclic graph)-based protocol L1, launched in 2018, to a new EVM-compatible and privacy-focused L2 chain.
The goal is to gradually migrate user activity from the L1 to the L2 and eventually sunset the L1, COTI CEO Shahaf Bar-Geffen told Blockworks.
The cornerstone of COTI’s new privacy tech on its L2 chain is the use of “garbled circuits,” a kind of cryptography commonly used in…
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This is a segment from the Supply Shock newsletter. To read full editions, subscribe.
Greetings, and happy 41st birthday to Ross Ulbricht!
By now, rehashing the Silk Road timeline — from a secret psychedelics lab in an off-the-grid Texas cabin to a global clandestine operation with half a dozen employees — doesn’t seem totally useful.
Besides, long-time Bitcoin History readers have already walked through the events that led to Ulbricht’s dramatic 2013 arrest in a San Francisco public library.
Anyone who missed our email from last year can find it in our archives — it’s definitely still worth the read!
Keep in mind, though: That telling of the story misses…
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Nasdaq has taken a significant step forward in the cryptocurrency arena by submitting a Form 19b-4 with the SEC to list shares of Grayscale’s Avalanche ETF. This move aims to transform Grayscale’s existing Avalanche Trust into a publicly traded ETF enhancing regulated investment avenues into AVAX the native token of the Avalanche network.
This initiative is part of a broader trend as evidenced by VanEck’s recent filing signaling a surging interest in AVAX-based financial products. Positioned as the 17th largest cryptocurrency AVAX is gaining traction among institutional and retail investors alike seeking diversified and secure investment options.
Grayscale is not only focusing on AVAX but is also seeking to expand its offerings with potential ETFs for other major cryptocurrencies like XRP Solana Litecoin and Polkadot. This development underscores Grayscale’s commitment to providing regulated accessible and comprehensive crypto investment opportunities thus bolstering investor confidence in digital assets.
Following a sharp multi-week selloff that dragged Bitcoin from above $100,000 to below $80,000, the recent price bounce has traders debating whether the Bitcoin bull market is truly back on track or if this is merely a bear market rally before the next macro leg higher.
Bitcoin’s Local Bottom or Bull Market Pause?
Bitcoin’s latest correction was deep enough to rattle confidence, but shallow enough to maintain macro trend structure. Price seems to have set a local bottom between $76K–$77K, and several reliable metrics are beginning to solidify the local lows and point towards further upside.
The Net Unrealized Profit and Loss (NUPL) is one of the most reliable sentiment…
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