Cathie Wood Predicts Long-Term Survival for Only 3-4 Bitcoin ETFs
Cathie Wood of Ark Invest predicts that the number of Bitcoin ETFs will decline substantially, with only 3-4 surviving in the long run. Recently, Cathie Wood, the chief executive officer of Ark Invest, discussed the prospects for Bitcoin exchange-traded funds (ETFs). In an interview with Yahoo Finance, she predicted that only three to four spot […]
Ethereum Foundation to Implement Changes for Reduced Gas Usage
The Ethereum Foundation intends to implement significant modifications to the Ethereum account abstraction standard in an effort to reduce gas consumption, specifically for layer 2 networks. The Ethereum Foundation released a sneak peek of the significant modifications to the ERC-4337 standard specification on January 10. These modifications pertain to smart accounts or account abstraction. Developer […]
FTX Clients Seek Current Crypto Value for Repayments
Several FTX clients have petitioned a bankruptcy judge in the United States to prohibit the defunct cryptocurrency exchange from applying 2022 prices to the valuation of their cryptocurrency deposits during repayments. The Official Committee of Unsecured Creditors, in its endorsement of the debtor’s motion to estimate claims using digital assets, stated that collectively estimating claim […]
Solana MEV Bot Gains $1.7M Profit From Single Memecoin Trade
The maximum extractable value (MEV) bot, which operates on Solana, amassed an astounding $1.7 million from a single dubious transaction involving a trader who acquired memecoin Dogwifhat (WIF) for $9 million “in the most inefficient way possible.” According to Solscan data, the maximum extractable value (MEV) bot, which was operated by 2fast, exchanged 703 Solana […]
Ethereum Devs Disagree on Plan to Increase Ethereum Gas Limit
Users, node administrators, and Ethereum developers have yet to agree regarding Vitalik Buterin’s recent proposal to increase Ethereum’s gas limit as they are concerned about the increasing size of the blockchain state. Vitalik Buterin proposed on January 11 a “moderate” 33 percent increase in the gas limit to boost network throughput potentially. He argued that […]