Project Weekly|The Ethereum 2.0 team will release a fix for the attack before the merger

Bitcoin

Plan B predicts: Bitcoin price will reach $135,000 in December

On November 1st, Bitcoin analyst Plan B just tweeted that Bitcoin closed at $61,000 in October, close to a new high. Estimated with a 3% error, the price of Bitcoin will reach US$98,000 in November and US$135,000 in December.

Author of “Rich Dad and Poor Dad”: The United States will fall into depression after the crash, it is recommended to buy Bitcoin

According to news on November 1, Robert Kiyosaki, the author of “Rich Dad and Poor Dad,” warned that the United States is sliding into a depression, a huge crash is coming, and a “new depression” will follow. Bitcoin, gold, and silver are one of his suggestions for smart investment.

Crypto analyst: $100,000 may become a huge resistance level for Bitcoin prices

On November 1st news, crypto analyst and trader Nicholas Merten is studying when Bitcoin’s next major correction will occur. At a new strategy meeting, Merten stated that his expectations for the remainder of the Bitcoin bull cycle may be more conservative than most analysts. The $100,000 level may become a huge resistance level for Bitcoin, and if Bitcoin is blocked, it may trigger a major correction.

Canadian financial technology company LQwD FinTech buys 4.5 million Canadian dollars in Bitcoin

On November 1st, Canadian financial technology company LQwD FinTech stated on Monday that it has spent 4.5 million Canadian dollars (about 3.6 million US dollars) to buy more bitcoins. To date, the company has spent about 7.8 million Canadian dollars to purchase about 133 bitcoins at an average price of about 59,000 Canadian dollars. This purchase makes more bitcoins become the company’s reserve assets and supports the Lightning Network SaaS platform that the company is developing.

The first Bitcoin ETF surpasses $2.3 billion in two weeks after listing

According to news on November 2nd, according to the official website of ProShare, as of October 29, 2021, the total market value of the nation’s first Bitcoin-linked ETF and Bitcoin Strategy ETF (code: BITO) initiated and managed by the company has exceeded 2.3 billion US dollars. According to BITO’s official data, as of October 29, its market value was US$2.393 billion, of which 51.15% were Bitcoin futures contracts, and the remaining 48.85% were US government bonds. The Bitcoin futures contracts held by BITO are cash-settled Bitcoin futures issued by the Chicago Mercantile Exchange (CME). The current positions are all expiring on November 26.

U.S. SEC extends Valkyrie Bitcoin ETF decision period to 2022

On November 2nd, the US Securities and Exchange Commission (SEC) has postponed the deadline for making a decision on the proposed Valkyrie Bitcoin fund to January 7, 2022. The SEC believes that it is appropriate to designate a longer period to issue an order to approve or disapprove the proposed rule change, so as to allow sufficient time to consider the proposed rule change and the issues raised in the submitted comment letter.

El Salvador will use Bitcoin proceeds to build 20 schools

Golden Finance reported that according to Bitcoin Magazine, El Salvador will use bitcoin proceeds to build 20 schools. El Salvador also said that it would use bitcoin proceeds to build veterinary hospitals. According to the news released by the official Twitter of the Salvadoran government, the price of bitcoin has risen, and the bitcoin trust fund in El Salvador now has a “surplus” of US$4 million.

Mayor of Miami: Plan to get his next salary in Bitcoin

According to Golden Financial News, the famous Bitcoin influencer Anthony Pompliano tweeted: “It’s time. Who will be the first American politician to receive a Bitcoin salary?” The Mayor of Miami, Francis Suarez, retweeted the tweet and said: ” I will get my full salary next time in the form of Bitcoin.” And asked Mike Sarasti, Chief Information Officer of the City of Miami Innovation and Technology Agency for help.

Opinion: Ethereum futures ETF approved may be earlier than Bitcoin spot ETF

On November 3, Bloomberg Industry Research (BI) pointed out that the approval of the Ethereum futures ETF for listing may predate the Bitcoin spot ETF. BI analyst James Seyffart wrote in a report on Tuesday: Although most market participants believe that spot Bitcoin ETFs will be superior to futures ETFs, the US Securities and Exchange Commission (SEC) approval of the former may be delayed until the end of 2022. He estimated that the Ethereum futures ETF could be approved as early as the first quarter of next year.

Bitcoin’s market value is about twice that of Tencent

Golden Finance reports that according to the latest data, the current market value of Tencent is 588.61 billion U.S. dollars, while the market value of Bitcoin reaches 1.16 trillion U.S. dollars, which means that the market value of Bitcoin is approximately twice that of Tencent.

U.S. House of Representatives Calls on SEC Chairman to Approve Spot Bitcoin ETF

Golden Finance reported that US Rep. Tom Emmer and Darren Soto called on the US Securities and Exchange Commission and its chairman Gary Gensler to approve a spot bitcoin ETF. In a letter published on Wednesday, Emmer and Soto questioned why the SEC cleared the way for futures-linked Bitcoin ETFs and did not approve those that actually hold Bitcoin. The two lawmakers pointed out that the volatility of products offering CME Bitcoin futures exposure may be much greater than that of Bitcoin spot ETFs, and that due to the premium usually traded in Bitcoin futures and the cost of rolling monthly futures contracts, investors may be Charge higher fees. The letter went on to say that Bitcoin spot ETFs are directly based on Bitcoin assets, which essentially provides investors with more protection.

Joe Rogan, the world’s largest podcaster, has changed his position on Bitcoin: Has accepted a BTC payment worth $100,000

Golden Finance reports that Joe Rogan, the world’s most successful podcaster and comedy star, revealed that he accepted a bitcoin payment worth $100,000, which shows that his position on bitcoin has changed clearly. In the past, Joe Rogan used to denounce Bitcoin as a “Ponzi scheme” on his show, but this view has changed. Twitter and Square CEO Jack Dorsey (Jack Dorsey) have also been on his show Take an interview and explain the disruptive innovation of Bitcoin technology.

New York City mayor-elect: will receive the first three months’ salary in the form of Bitcoin

Golden Finance reported that the Mayor of Miami, Francis Suarez, previously stated on Twitter that he would get his full salary next time in the form of Bitcoin. Eric Adams, the elected mayor of New York City, is not to be outdone, and plans to accept the first three months of salary in the form of Bitcoin after he takes office. Adams said: “In New York, we are always bigger. New York will become the center of the cryptocurrency industry and other fast-growing innovative industries!”

Twitter CEO: The company does not intend to expand the cryptocurrency field outside of Bitcoin trading

Twitter CEO Dorsey stated that the company does not intend to expand the cryptocurrency field outside of bitcoin trading.

Navajos use clean energy for Bitcoin mining

On November 6th, according to the Compass Mining mini documentary, the Navajo, a native American inhabitant of the southwestern United States, is using clean energy for mining. It is reported that in 2017, a small Canadian company called West Block approached the Navajo, hoping to build an 8-megawatt (MW) mine on Navajo land. The Navajo invested in the mine during the 2018 bear market. Three years later, the mine has become the most profitable business in the local area. 58% of the energy in the mine has come from solar farms, which inspired the Navajo to build renewable energy to replace coal.

Ethereum

OpenSea platform Ethereum NFT transaction volume drops again by 12% in October

Golden Finance reported that according to Dune Analytics, the Ethereum NFT transaction volume on the OpenSea platform dropped from USD 3.4 billion in August to USD 3 billion in September, and then to nearly USD 2.64 billion in October, both of which dropped. 12%. This decline occurred after a sharp increase in transaction volume on the platform, which had previously jumped from approximately US$329 million in July to US$3.4 billion in August. According to data from Cryptoslam, the sales momentum of some of the largest Ethereum NFT collectibles has recently weakened, with CryptoPunks’ transaction volume falling from $675 million in August to nearly $218 million in September, and then $157 million in October. . At the same time, Art Blocks sales fell from nearly $589 million in August to $243 million in September.

Goldman Sachs: Ethereum may reach the $8,000 level by the end of the year

According to news on November 2nd, according to a research report released by Bernhard Rzymelka, Managing Director of Goldman Sachs Global Markets, the price of Ethereum may reach $8,000 by the end of the year, and details the trading and inflation gains and losses of cryptocurrencies since 2019. The balance point is the same.

Founder of Real Vision: I am more optimistic about Ethereum, future demand shocks may come to Ethereum

On November 2nd, former Goldman Sachs executive and current Real Vision founder and CEO Raoul Pal said that he is more optimistic about Ethereum because the cash generated in the Ethereum ecosystem is about 100 times that of other parts of the entire space, and Due to the various use cases of leading smart contract platforms, demand shocks may come to Ethereum. Most people have pledged their Ethereum in DeFi and NFT, so in fact, the free circulation of Ethereum is only about 11%.

Ethereum domain name service ENS will airdrop 25% of the total supply to users

On November 3, Brantly Millegan, the director of operations of Ethereum Domain Name Service (ENS), wrote an article that ENS airdrop claim will be opened on November 8, and users must claim tokens before May 4, 2022. The total amount of ENS is 100 million. 25% of the total supply will be airdropped to users. There are more than 137,000 eligible addresses, and 25% will be given to ENS contributors (over 100 individuals and teams, and hundreds) Discord users), the other 50% will be given to the DAO community vault. The airdrop will be allocated to the registered address of the .eth second-level domain name that has been registered or is currently valid. The weight of the airdrop is mainly calculated based on the account rather than the domain name. The formula is 0.27 times the number of days to hold at least 1 ENS domain name, plus 0.067 times The number of days until the domain name expires. If the account is additionally set to reverse resolution, the above result will be multiplied by 2.

The Ethereum 2.0 team will release a fix for the attack before the merger

Golden Finance reported that on October 19, Stanford University researchers shared three scenarios on how to attack the proof-of-stake (PoS) design of Eth 2.0. In this regard, Danny Ryan, the core developer of the Ethereum Foundation, is convinced that The Merge will not be delayed. Ryan said that the attack design proposed by Stanford University researchers is “serious” and poses a threat to the stability of the ETH2 Beacon Chain. At the same time, all three attacks can be mitigated by simple fixes. Ethereum Foundation developers will implement this fix before the decisive phase of the ETH1-ETH2 transition begins. The deployment of this fix will not delay the merger and will not cause the Ethereum chain to reorganize (“hard fork”).

Aave V3 will introduce support for Ethereum Layer 2 and cross-chain functions

On November 5th, Aave released an update describing the V3 of its protocol and the new features included in the update. The V3 update prepares to create the next-generation Layer-0 DeFi protocol” and points out that this will improve user experience, capital efficiency, decentralization, and security. The update will introduce several noteworthy features, including the Layer 2 network support; it will also include a cross-chain function called Portal, which allows assets to move between Aave deployments on different networks, including Ethereum, Solana, Polygon, Fantom, etc. Another upcoming feature is the efficient mode This will help users get the highest lending interest rates and yields, and automatically optimize users’ investments without them having to find the best opportunities. The update will also decentralize the listing of new assets, allowing Aave governance to grant various entities through the chain Vote to list the rights of assets on the platform. Finally, the upgrade will bring improvements in risk management, such as the introduction of a debt ceiling isolation model. It will also introduce supply ceilings, borrowing ceilings, and various other restrictions that governance members and administrators can set Aave has not announced when V3 will go live.

Digital asset platform Bakkt will provide Ethereum trading services

On November 6, the digital asset platform Bakkt said in a statement on Friday that in addition to Bitcoin, the company will soon provide customers with Ethereum transaction services. Bakkt’s institutional customers can also use the company’s hosting service to store Ethereum. The company did not give a specific date when users can start trading Ethereum. Bakkt was launched in 2018 by the Intercontinental Exchange (the parent company of the New York Stock Exchange) as a cryptocurrency custodian and currently only trades Bitcoin.

Enegra migrates its digital equity token from Ethereum to Polygon blockchain

Malaysia’s commodities trading company Enegra Group has a net asset value of 28 billion U.S. dollars and has migrated its stock-linked EGX securities token from Ethereum ETH to Polygon (MATIC) blockchain

other projects

Moonriver launches SUSHI liquidity mining, Sushi and Moonbeam have established an extensive partnership

According to official news, Moonriver launched SUSHI liquidity mining on November 5th. In addition, Sushi and Moonbeam have plans to establish a broader partnership. Sushi hopes to use Moonriver and Moonbeam as the preferred parachains to deploy its complete product lines on Kusama and Polkadot, while Moonriver and Moonbeam hope to combine the Substrate-based liquidity network with EVM-based The liquidity network is combined. In the future, Trident will gradually replace all Sushiswap on the deployed chain and serve as the framework for future AMM construction; Sushiswap products such as MISO v2, Shoyu, Kashi, etc. will all be deployed in Moonbeam/Moonriver.

Saudi British Bank announces the use of Ripple technology to provide businesses with instant U.S. dollar payments

On November 2nd, the Saudi British Bank (SABB) announced that it has successfully launched the US corridor instant cross-border transfer service through the blockchain payment technology supported by Ripple.

NEAR-based Ethereum expansion solution Aurora integrates Chainlink price feed

News on November 4th, Aurora, an Ethereum expansion solution based on NEAR, integrates Chainlink to realize fast and EVM-compatible DeFi development. This integration will enable developers to connect their smart contracts with high-quality, tamper-proof price data for various assets, and ultimately establish support for DeFi use cases, such as currency markets, algorithmic stablecoins, synthetic assets, options, and Futures contracts, asset management services, etc.

Music S-NFT based on Algorand will be publicly available on the Republic platform

On November 4, it was reported that the first music S-NFT released by Republic and Opulous on Algorand will be publicly available on the Republic platform.

dFuture upgrades the V2 version to start the mainnet public test and deploys to the second layer of the Ethereum Arbitrum network

According to official sources, the new V2 upgraded version of dFuture will officially start the public beta on November 3, 2021. The public test was deployed to the second-tier Arbitrum network of Ethereum, and several product function optimizations were completed, and part of the code was open sourced. This deployment to the second floor of Ethereum indicates that dFuture has completed the multi-chain ecological layout, laying the foundation for the long-term development of the project in the Ethereum community.

Data: The total amount of OpenSea transactions in the NFT market reaches US$10 billion

Golden Finance reports that according to the latest data from DappRader, the total amount of OpenSea transactions in the NFT market has reached 10 billion U.S. dollars (the number of traders is 612,347), setting a record high, ranking first in the NFT market in terms of transaction volume; Axie Infinity is ranked second. , The total transaction amount is 2.84 billion U.S. dollars (the number of traders is 959619); the third place is CryptoPunks, the total transaction value is 1.56 billion U.S. dollars (the number of traders is 5197).

dYdX Layer2 App will add social attributes and support services such as changing user names

On November 5th, dYdX officially stated that it is adding social attributes to its Layer2 App, and related development work is in progress. It is reported that the new version will support users to change their usernames and choose whether to display personal information.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/project-weekly%ef%bd%9cthe-ethereum-2-0-team-will-release-a-fix-for-the-attack-before-the-merger/
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