Archive for  December 2023

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Vitalik Buterin has shared an updated roadmap for Ethereum for 2024, outlining key priorities to move the ecosystem forward.
These priorities include:
– Merge: achieve perfect, simple, reliable and decentralized proof-of-stake consensus.

– Surge: achieve 100K transactions per second or higher in L2.

– Scourge: reduce centralization risks in Ethereum’s design, especially with respect to MEVs and liquid staking.

– Verge: simplify block verification (download
N bytes of data, perform a few basic calculations, check SNARK and done).

– Purge: simplify the protocol and limit the cost of participating in the network.

– Splurge: optimize.

Buterin noted single slot finality (SSF) as the easiest way to address many of the current weaknesses in Ethereum’s design.

He also praised the progress being made on L2 networks and the early implementation of the Verkle tree.

In addition, the Scourge phase was refocused on combating economic centralization in Ethereum.

Aside from other small changes, the core priorities of the Ethereum ecosystem remain the same.

BlackRock, VanEck, Valkyrie, Fidelity, WisdomTree, Bitwise, Franklin Templeton, Invesco and Galaxy have made final changes to their spot bitcoin ETF filings. Ark made similar changes earlier.

Notably, BlackRock listed Jane Street and JPMorgan as authorized participants in its fund.
Just a few weeks ago, JPMorgan CEO Jamie Dimon called on U.S. authorities to ban cryptocurrencies.

At the same time, Fidelity set the lowest fee at 0.39%.
Invesco said it would not charge a commission at all in the first six months of ETF trading.

The U.S. District Court for the Western District of Washington in Seattle has denied Changpeng Zhao’s request for leave to leave.

Zhao had previously been denied travel to the United Arab Emirates before his sentencing, citing the possibility of flight.

According to Bloomberg, the U.S. government does not intend to hold a second trial in the Sam Bankman-Fried case.

In the interest of expediency, it will abandon plans to try him for conspiracy to bribe foreign officials, commit bank fraud and conduct an unlicensed money transmitting business.

The government said much of the evidence had already been presented at the first trial.
The court could impose a sentence on March 28. Bankman-Fried was found guilty of seven counts of fraud and conspiracy


the maximum supply of CAKE tokens

OKX announced that it will delist almost all confidential coins: FSN, ZKS, CAPO, CVP, XMR, ZEC, ZEN.
OKX will also exclude DASH from listing.

In addition, deposits will be suspended for these coins.

Judge Jed Rakoff of the U.S. District Court for the Southern District of New York upheld the Securities and Exchange Commission’s (SEC) decision in a case against Terraform Labs.

The court ruled that Terraform Labs and its co-founder Do Kwon offered and sold unregistered securities.
Judge Rakoff noted that UST, LUNA, wLUNA, and MIR were undoubtedly securities because they were investment contracts.

Indian authorities have issued warnings to nine exchanges, including Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC and Bitfinex.

They are demanding that their URLs be blocked due to lack of registration, falling under the anti-money laundering and counter-terrorism financing law.

Argentina’s new president, Javier Milay, has proposed a bill that would require citizens to declare their domestic and foreign cryptocurrency assets.

Citizens who file the declaration by March 31 next year will pay a 5% rate.

If the declaration is filed after November 30 it will increase to 15%.

Osmosis-based perpetual swaps platform Levana has been subject to a $1.1 million
The attack affected 10% of the liquidity pool. All trader losses will be compensated.

An unknown person overloaded the Osmosis chain. Also, a bug in the integration of the Pyth oracle contributed to the hack.