Sui Surpasses Aptos, Cardano in TVL

Fake Rabby Wallet iOS App At Large, Worldcoin App Hits 1M Users, Buterin Discusses Verkle Trees Launch Benefits For Ethereum

Welcome to Coinfeeds Daily Digest! Today we cover Vitalik Buterin endorsing, awaiting Ethereum's transition from Merkle to Verkle Trees as data structures, which is set to make data storage and node operations more efficient, especially for solo stakers. Nodes will no longer need to store complete copies of network states on hard drives, and be able to achieve near instant sync with the network while operating with minimal hard drive capacity. We also cover a fake Rabby Wallet app on App Store that is yet to be removed by Apple despite users having already been heavily scammed — the fake app has reappeared multiple times. Worldcoin has soared 140% last week as the wallet app hit 1 million users, and crypto exchange FixedFloat suffered a $26.1 million hack that forced them to go into maintenance and shut down the platform to prevent unauthorized transactions.

Market Update

News

Sui Surpasses Aptos & Cardano in TVL, Sees $310M Inflow in 30 Days

Sui, a Layer 1 blockchain, has made significant strides, marking a notable increase in its TVL. This has positioned Sui ahead of Aptos, Cardano, and Near in terms of DeFi capital locked. From the beginning of the year, Sui's TVL surged from $211 million to $593 million, highlighting a dynamic shift in the blockchain landscape. | Read More

Verkle Trees To Offer Ethereum Solo Staking Benefits - Buterin

Ethereum co-founder Vitalik Buterin has highlighted Verkle Trees — a soon-to-launch sophisticated data structure that is set to replace the current Merkle Trees used by Ethereum. This upgrade is not just a minor tweak but a fundamental change that aims to drastically improve the efficiency of data storage and node operation on the Ethereum network. | Read More

Worldcoin Soars 140%, Wallet App Hits 1M Users

Worldcoin, co-founded by OpenAI CEO Sam Altman, has seen its value skyrocket by over 140%. This surge is closely tied to its wallet app, World App’s achievement, which has reached 1 million daily users. Launched in July 2023, Worldcoin's goal is to pave the way for a Universal Basic Income (UBI) system by distributing its native WLD token in exchange for iris scans. | Read More

Apple Yet to Remove Fake Rabby Wallet App, Users Already Scammed

A fake version of the Rabby Wallet app has been scamming unsuspecting users. Despite multiple warnings and alerts from the official Rabby Wallet team, the app, misleadingly titled "Rabby Wallet & Crypto Solution" by "Solution Development," has continued to remain available for download, leading to significant financial losses for several individuals. | Read More

FixedFloat’s Small Vulnerability Turns Into a $26.1M Hack in Bitcoin, Ether

The crypto exchange FixedFloat has reportedly been exploited, resulting in a loss of $26.1 million in Bitcoin and Ether. FixedFloat then promptly put the exchange into maintenance mode, shutting down operations to prevent further unauthorized transactions. This move, while necessary to stem the loss, left users unable to access their funds. | Read More