LATEST: Vitalik Buterin Targets 100,000 TPS in Ethereum Scaling Roadmap

Ethereum co-founder Vitalik Buterin has revealed ambitious enhancements for the Ethereum network as part of its ongoing development phase named the “Surge.” Buterin’s recent blog post outlines a goal to surpass 100,000 transactions per second on Ethereum’s mainnet and its associated layer-2 blockchains, aiming to significantly boost interoperability and user experience across the network.

The “Surge” follows the successful Dencun update, which delivered essential scaling improvements and reduced costs significantly, despite facing some criticisms related to security and centralization risks. These enhancements are designed to maintain the decentralized ethos of Ethereum while introducing new features like multidimensional gas pricing to reduce transaction costs further without compromising network integrity.

Buterin emphasizes the necessity of seamless integration among Ethereum’s layer-2 networks to enrich the user experience, suggesting backend enhancements for easier communication between networks. This strategy marks a pivotal step in Ethereum’s evolution, focusing on scalability, efficiency, and a unified ecosystem to meet growing demand and maintain its pioneering status in the blockchain space.

Blog Post

Crypto gets mention on national stage during Congressional debate 

Sitting US Senator Elizabeth Warren and Republican nominee John Deaton faced off Tuesday night in a debate as the race for the Massachusetts seat continues. 

Deaton, an attorney with a soft stance on cryptocurrency regulation, entered the race in February, saying he wanted to “shake things up for the people who need it most.” Warren, however, argued Tuesday night that Deaton is really only interested in protecting “his crypto buddies,” who have made up the majority of his campaign donations.

Deaton has raised $2.05 million, about half of which was from a personal loan he made himself. A pro-Deaton super Political Action Committee, Commonwealth Unity Fund, has raised an…

Read more on Blockworks

Elizabeth Warren Proves Democrats Are Still Against Bitcoin

Follow Nikolaus On X Here

If you were tuned into the Massachusetts Senate debate last night, you would have noticed a key exchange between pro-Bitcoin candidate John Deaton and his rival Elizabeth Warren, leader of Washington D.C.’s “anti-crypto army.”When pressed by Deaton, Warren wouldn’t even defend herself. After lying and attacking our industry for years, she said “I’m fine if people want to buy and sell crypto.” Seriously.

My big concern…

Read more on BitcoinMagazine

Daily US Bitcoin ETFs Net Flow Analysis (As of October 16, 2024)

The daily net flow of U.S. Bitcoin ETFs on October 16, 2024, recorded substantial activity with BlackRock’s Bitcoin ETF (Ticker: IBIT) experiencing the largest net inflow of 4,323 BTC. This significant addition highlights strong investor interest and confidence in the fund. Grayscale (Ticker: GBTC) and Fidelity’s Bitcoin ETF (Ticker: FBTC) also saw healthy inflows of 564 BTC and 524 BTC respectively.

In contrast, the Invesco Galaxy Bitcoin ETF (Ticker: BTCO) faced a net outflow of 216 BTC, indicating some investor withdrawal on that day. However, other funds like ARK’s Bitcoin ETF (Ticker: ARKB), Bitwise (Ticker: BITB), and VanEck (Ticker: HODL) maintained positive but modest inflows.

Overall, the total Bitcoin holdings across all listed ETFs stood at 940,148 BTC, valued at approximately $63.6 billion. The total net inflow for the day was 5,695 BTC, translating to about $385.3 million. This data showcases the dynamic and fluctuating nature of investments within the U.S. Bitcoin ETF market.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

EigenLayer’s biggest node operator promises revenue-sharing

Today, enjoy the 0xResearch newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the 0xResearch newsletter. 

Here’s a simplified explanation of how restaking works today: 

Bob deposits ETH/stETH into a liquid restaking protocol like Ether.Fi, Puffer, Eigenpie or Renzo.

The liquid restaking protocol delegates Bob’s assets to an EigenLayer operator.

The EigenLayer operator uses Bob’s asset to secure one or many AVSs to return some yield to Bob.

Bob is happy because his ETH is a yield-bearing productive asset, and he enjoys a liquid ETH derivative that he can use to dabble in other degenerate DeFi activities.

About…

Read more on Blockworks

SHINOBI: Gaza is the most powerful demonstration of bitcoin since Wikileak

BTC For Palestine is the perfect example of an endeavor powered by Bitcoin that strikes right to the heart of what Bitcoin is supposed to be all about. Money functioning without trusted intermediaries. The entire point of Bitcoin was to give people a way to transact with their money that no one could disrupt, insert themselves into the middle of, or rent seek off of.

That is the exact situation Gazans find themselves in for the last year. Completely cut off…

Read more on BitcoinMagazine