Unveiling Miner Outflows: Clues Point to Significant BTC Transfer to Binance.

"Miners' reserves are decreasing, indicating a selling pressure from the miners' side."
― Link

by IT Tech | @cryptoquant_official

Starknet TVL breaks $10M to hit a new all-time high — link

key points of the Venom Whitepaper here in this article

https://medium.com/@venom.foundation/understanding-the-venom-whitepaper-the-next-generation-blockchain-f85735a0d03d

#reads

WSJ: Federal Reserve Chair Jerome Powell said the stress in the banking system could mean the central bank won’t have to raise interest rates as high as otherwise to slow the economy. Some officials, including Powell, have hinted that they might pause rate increases to assess the effects of the banking sector strains. — link

JUST IN: 🇺🇸 White House says the stock market will crash by over 45% if US defaults on its debt.

@WatcherGuru

nice SOL debate going down here (read the replies)

https://twitter.com/derivatives_ape/status/1659560041370755072?s=21&t=E2QD6Iqy3ERDetCJT21R-g

the non-TBTF banks slowly getting absorbed or merged as discussed in Arthur’s piece

https://twitter.com/kobeissiletter/status/1659578203923513350?s=21&t=0srrGyaaDF7bARjQWz9fww

According to EDCON official Twitter, Vitalik said in his speech: "zK-SNARKs are going to be as important as Blockchains in the next 10 years". — link

In a blog post in 2021, Vitalik stated that zk-SNARKs ("zero knowledge succinct arguments of knowledge") can achieve Scalability and Privacy. Read more — link

As of March 2023 Apple had $55.87B cash on hand, a billion and change less than the US government ..

https://twitter.com/foftyoerney/status/1660543766736826369?s=21&t=0ZqMq9Wuc3mltnrHzgp2Zw

a long thread but highly worth the read

the author talk about natural laws > network power laws

Ethereum isn't just a blockchain, but an organism on its own

i'll share the key idea of the thread in the next post

https://twitter.com/BackTheBunny/status/1656826001547227136?s=20

"To create the most robust, functional, persistent ecosystem the world has ever known, ETH should probably have no more than 30% of total DeFi TVL. We should want 5-6 other competitive L1s, with their own validators/miners, security, settlement, etc.. to support our new world."

just as how citibank almost took the global financial system w it during the global financial crisis, so will Ethereum collapse the entire DeFi space should the DeFi space rely too heavily on it

as Ethereum gains traction and more projects build on it, it can possibly overload just as how a computer's CPU overloads

recently we've seen Ethereum already running into some temporary finality stoppages with investigations still ongoing

this is not bear post on Ethereum, but a food for thought that if we want the DeFi space to flourish healthily in the future, we should welcome and encourage more competitors chains instead

everything runs in accordance with the natural laws

#reads

https://twitter.com/BackTheBunny/status/1656826240794529792?s=20

in vitalik's latest post "Don't overload Ethereum's consensus", he also mentions the troubles of stretching Ethereum's core

"There is a natural urge to try to extend the blockchain's core with more and more functionality, because the blockchain's core has the largest economic weight and the largest community watching it, but each such extension makes the core itself more fragile."

he also discussed the potential systemic and political risks in some examples given

the Ethereum consensus should mainly be focused on its primary role which is to secure the network

https://vitalik.ca/general/2023/05/21/dont_overload.html

a good example of vitalik's post

EigenLayer allows the ETH on the consensus layer to be reused (aka restaked)

users will be able to restake their eth or LST with eigen for additional rewards

"With EigenLayer, Ethereum stakers can help secure many services by restaking their staked ETH and opting-in to many services simultaneously, providing pooled security."

here we'll achieve more capital efficiency, but potentially trade it for increased security risks w the Ethereum's core security

from what I understand, Eigen runs on the idea of rehypothecation - where previously pledged collateral is used as new collateral for a new loan

a leverage method that increases both upside and downside

EigenLayer docs:
https://docs.eigenlayer.xyz/overview/readme

🤔🤔🤔🤔🤔

translation:

There is bad news:

Layerzero has completed the snapshot, and the coin will be launched in Q2, which is June

Just received the news report, the big brother of the top Lumao studio revealed that L0 has taken a snapshot. The arb and sui he revealed to me before are relatively accurate, this time 99% true

Which addresses will be reversed:
1⃣️Address to start a month
2⃣️The interaction is less than 5 txs
3⃣️Less than 2 cross-chains
4⃣️ Consistent behavior on the chain
5⃣️10 addresses transfer each other

https://twitter.com/0xKevin00/status/1660662660235665408?s=20

[confirmed to be fake news]