JPMorgan: Ether Likely To Outperform Bitcoin Next Year
Binance Ban Countdown Begins In Philippines, More US Firms Add BTC To Balance Sheets, Coinbase Expands Spot Trading Globally
Welcome to Coinfeeds Daily Digest! Today we cover Vitalik Buterin publicly evaluating, proposing the prospect of bringing some layer 2 features back to the main Ethereum chain, SushiSwap CTO's warning about a possible exploit in the platform, the SEC of Philippines starting the count for the Binance ban in the country, and JPMorgan's analysts suggesting that Bitcoin ETFs are rather overhyped and that Ethereum's future "Protodanksharding" upgrade would give ETH more traction, enough to outperform BTC. We also cover Coinbase expanding its spot trading offering outside the U.S., and Worldcoin’s integration with some of the key social platforms and games like Minecraft, Reddit, Telegram, and Shopify.
Market Update
News
JPMorgan: Ethereum Will Likely Outperform Bitcoin Next Year
JPMorgan analysts have provided insights that suggest a shift where Ethereum is poised to potentially outshine Bitcoin in performance due to a significant upgrade on the horizon. Ether is preparing for the major upgrade of EIP-4844 Protodanksharding, which is set to enhance the network's efficiency and scalability, particularly in solutions like Arbitrum and Optimism. | Read More
Coinbase Expands BTC, ETH Spot Trading Globally
Coinbase is taking a significant step forward in its global expansion strategy by introducing spot trading for Bitcoin and Ether to its international customers. This move is aimed at widening the accessibility of cryptocurrencies and enhancing the trading experience for users outside the US. | Read More
Vitalik Proposes Bringing Some L2 Functions Back To Main Chain
Vitalik Buterin's recent proposal involves what he calls an "enshrined zkEVM," which stands for Zero-Knowledge Ethereum Virtual Machine. This concept aims to bring the verification of transactions back to the main Ethereum chain. By doing so, the network could potentially enhance its security and efficiency. | Read More
SushiSwap CTO Warns of Possible Exploit
The exploit in question is a front-end attack, meaning it targets the user interface of dApps. Sushi's CTO, Matthew Lilley, has advised users to stop interacting with dApps until the issue is resolved. The community is urged to exercise caution and refrain from engaging with dApps that might be compromised. | Read More
More US Firms To Add Bitcoin To Balance Sheets After Major FASB Rule Change
The rule change introduced by the FASB allows companies to more accurately reflect the value of their cryptocurrency holdings on their balance sheets. Previously, firms could only report losses on these assets. With the new rule, companies can now report both gains and losses. | Read More
Worldcoin Integrates With Minecraft, Reddit, Shopify, Telegram, Others
Worldcoin's latest update introduces integrations with a variety of platforms, including Minecraft, Reddit, Telegram, Shopify, and Mercado Libre. These integrations aim to provide a seamless way for users to prove their humanity without compromising their privacy. | Read More