Whales Take Advantage Of Token Dips
Nethermind Addresses Critical ETH Client Bug, Dencun Upgrade To Cut Fees 90%, Terraform Labs File For Bankruptcy
Welcome to Coinfeeds Daily Digest! Today we cover Tether nearing a $100 billion market cap following its printing of $10 billion in three months, Terraform Labs filing for bankruptcy in Delaware after the implosion of TerraUSD and LUNA. We also cover significant developments in the Ethereum ecosystem, where the major Dencun "proto-danksharding" upgrade is set to cut Ethereum transaction fees by up to 90%, and a critical Ethereum client bug was caught by a GitHub user "wga22" for which Nethermind has released a hotfix. In addition, blockchain developers are in a race to integrate EVM (Ethereum Virtual Machine) with the Bitcoin chain to boost smart contract utility and DeFi features in Bitcoin.
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From Lookonchain: Crypto Whales Take Advantage of Bitcoin, Ether, Chainlink Dipping
Recent reports from blockchain tracking firm Lookonchain reveal that crypto whales are strategically buying popular cryptocurrencies like Bitcoin, Ethereum, and Chainlink during market dips, potentially positioning themselves for significant gains. | Read More
Ethereum's Dencun Upgrade Set to Slash Fees By Up To 90%
The Ethereum Dencun upgrade, which is currently being tested on the Goerli testnet, includes a feature called proto-danksharding, encapsulated in Ethereum Improvement Proposal (EIP) 4844, and is designed to enhance the network's scalability and efficiency, particularly for layer 2 rollups. | Read More
Terraform Labs Files for Bankruptcy In Delaware
Terraform Labs Pte., the company behind the once-prominent stablecoin TerraUSD, has filed for Chapter 11 bankruptcy in the United States. The legal move, made in Delaware, marks a pivotal moment for the company, which has been grappling with the fallout from the dramatic collapse of its digital assets. | Read More
Developers Race To Bring EVM Features To Bitcoin
As the digital currency landscape continues to evolve, a new trend is emerging among developers: the race to integrate Ethereum Virtual Machine (EVM) functionality with Bitcoin. This integration aims to expand Bitcoin's capabilities beyond its traditional role as a payment system. | Read More
Ethereum Client Bug Fixed
The hotfix issued by Nethermind was designed to correct the consensus bug without requiring node operators to resynchronize their nodes with the blockchain, which can be a time-consuming process. This swift action helped to minimize the disruption to the Ethereum network and its users. | Read More
Tether Nears $100B Market Cap After Printing Over $10B In 3 Months
Tether's market cap, which is the total value of all Tether tokens in circulation, has seen a significant increase from $84 billion to over $94 billion. This increase is attributed to the additional $10 billion worth of Tether printed during this period. | Read More