‘No signs’ of Bitcoin miner capitulation despite plummeting revenue
    01 May 2024
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    Bitcoin miners show no signs of “capitulation” despite their revenue falling to 14-month lows following the halving event in April. In an April 30 post to X, CryptoQuant CEO Ki Young Ju said that following a drop in revenue to levels post having, Bitcoin miners now face two options, capitulation or await growth in the price of Bitcoin…

    Karak has ‘good chance’ of becoming next EigenLayer after EIGEN airdrop disappointment
    01 May 2024
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    Emerging Ethereum restaking protocol Karak’s total value locked (TVL) rose over 25% in the past week to over $440 million, and industry experts believe it could start eating into EigenLayer’s market share. Following the disappointment around the EigenLayer airdrop, Karak has a “good chance” of become the next big restaking protocol, according to Anndy Lian,…

    Vitalik Buterin breaks down ‘Binius’ as a way to speed up zero-knowledge proofs
    01 May 2024
    69 Views

    Ethereum co-founder Vitalik Buterin has discussed a new cryptographic proving system that aims to achieve greater efficiency for zero-knowledge proofs. In a blog post on April 29, Buterin explained a system for highly efficient cryptographic proofs over binary fields called “Binius,” which aims to deliver significant performance gains over traditional proof systems such as zk-SNARKs. Binius aims…