#Ethereum

Uniswap, the decentralized exchange, has revealed its proprietary L2 blockchain, Unichain, developed using the OP Stack from Optimism. According to the development team, this initiative is part of a strategy to enhance Ethereum’s scalability, leading to a major increase in payment efficiency.

FBI agents set up a fake company called NexFundAI, which issued several tokens on the Ethereum blockchain. The aim was to stage a trap to expose market makers involved in market manipulation and catch the fraudsters red-handed.

Visa, the leading company in the banking payments sector, is working on a solution to tokenize traditional assets on the blockchain. The Visa Tokenized Asset Platform (VTAP), a platform for creating tokens on Ethereum, was announced in a report published on October 3, 2024.

A federal judge in Texas dismissed ConsenSys' lawsuit against the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler. The company sought to legally establish that Ethereum is not a security and to prevent the SEC from interfering with the operation of the MetaMask crypto wallet.

“It’s cool to hate Ethereum right now. I bet this ends up looking silly,” Bitwise CIO Matt Hougan remarked as BTC's dominance over ETH rises, with the ETH/BTC ratio dropping below 0.04 for the first time since 2021.

Sony Block Solutions Labs, a collaborative venture between Sony Group and Startale, announced the launch of a new public L2 blockchain named Soneium, built on Optimism's OP Stack. This blockchain will be a part of the Superchain ecosystem. The testnet is set to be released in the upcoming days, with Sota Watanabe leading the project.

Jay Jacobs, BlackRock's Head of Thematic and Active ETFs, explained the primary allure of ETH compared to BTC while presenting the company's spot Ethereum ETF to investors. He emphasized that Bitcoin's main attraction is its scarcity, whereas Ethereum's appeal lies in its versatility.

World Liberty Financial (WLF), a newly launched DeFi project connected to the Trump family, has put forward a proposal to integrate its platform with the Aave v3 protocol on Ethereum.

Economist Tyler Cowen has put forward Ethereum’s founder, Vitalik Buterin, as a potential candidate for the Nobel Prize in Economics. Cowen made this statement during a podcast discussion with his colleague Alex Tabarrok on YouTube on October 8.

Ben Adams, co-founder of Illyriad Games, proposed an initiative to speed up the Ethereum blockchain. His proposal, submitted as Ethereum Improvement Proposal (EIP) #8931, recommends reducing Ethereum's slot time* from 12 seconds to 8 seconds.

Ethereum mastermind Vitalik Buterin is back with a bold vision to keep Ethereum, the world’s second-largest cryptocurrency, united. He’s talking about something he calls “alignment” — a way to make sure everyone involved with Ethereum is on the same page. Why? To avoid chaos, and keep the network decentralized, fair, and, well, uniquely "Ethereum."

At Ethereum Singapore 2024, ETH co-founder Vitalik Buterin urged for more individual staking, highlighting its importance for the security and decentralization of the network. He noted that independent and diverse stakeholders can counterbalance centralized entities and reduce their control.

The developers of the Web3 social network Friend.Tech transferred control over the project’s smart contract to Ethereum's null address, effectively freezing the platform. This move means no further updates or modifications can be made, and all future revenue will be burned.

A growing number of Ethereum users are turning to private transactions, which now make up approximately 30% of all activities on the blockchain. The gas consumption for these private operations has surged to 50% of the total network usage. This trend is driven by the desire to avoid MEV trading bots, which capture transactions for rapid profit.

July 23 marked the debut of spot Ethereum ETFs in the U.S. trading markets. According to data from a Bloomberg terminal screenshot shared by analyst James Seyffart, the total net inflows amounted to approximately $106.8 million, with the overall trading volume surpassing $1.11 billion.

Grayscale launched the Ethereum Mini Trust, offering an introductory zero-fee period (0% commission) for the first 6 months or up to $2 billion. Subsequently, the commission will be 0.15%, the lowest in the market, excluding initial discounts.