Ethereum restaking protocol EigenLayer assured the community that its protocol has no vulnerabilities after an incident where almost $6 million in tokens were stolen from an investor. On Oct. 4, the EigenLayer team said it was investigating an “unapproved selling activity” concerning a wallet ending in “f10D.” The wallet address sold about 1.6 million of EigenLayer’s EIGEN…
Monolithic blockchains — networks that combine different layers into a single, unified architecture — outperformed in September, according to VanEck’s latest “Crypto Monthly Recap.” The report cited Solana, Sui and Aptos price gains of 14%, 118% and 23%, respectively. Sui’s performance was attributed to a 140% gain in daily active addresses during September, resulting in the digital asset…
The European Union’s Markets in Crypto-Assets Regulation (MiCA) is enforcing stricter oversight of crypto-related firms, and cryptocurrency exchange Coinbase is the latest to update its offerings. On Oct. 4, Bloomberg reported that Coinbase will delist stablecoins that don’t comply with EU regulations by the end of 2024. This move aligns with the full implementation of MiCA, which…
Ethereum’s inflation rate has surged to 0.74%, raising concerns about its long-held “ultrasound money” narrative, according to Binance’s October 2024 Monthly Market Insights report. The research report indicated that the Ether issuance rate is at its highest level in two years, as reduced onchain activity and lower burn rates shift the asset’s economic status. The findings…
What is the Sui network? The Sui network is a novel blockchain platform designed to tackle industry challenges such as scalability, speed and cost. Launched in May 2023 by Mysten Labs, a company founded by former Meta engineers involved in Facebook’s Diem project (formerly known as Libra), Sui was built to deliver a decentralized solution capable of…
Asset manager Grayscale Investments launched a new investment fund for Aave’s governance token, AAVE, according to an Oct. 3 announcement. The Grayscale Aave Trust “offers investors the opportunity to gain exposure to AAVE, the governance token for Aave’s platform,” Grayscale said. The fund, which is only available to qualified investors, adds to Grayscale’s suite of single-asset…
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