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Elon Musk cleared in Dogecoin class action lawsuit
Elon Musk cleared in Dogecoin class action lawsuit

Elon Musk and Tesla won the dismissal of a class action lawsuit, which alleged Musk’s comments manipulated the Dogecoin market.U.S. District Judge Alvin Hellerstein dismissed the lawsuit permanently.

The Block·2024/08/30 07:00
Altcoin season hasn't arrived because everyone jumped 'straight to the punchline'
Altcoin season hasn't arrived because everyone jumped 'straight to the punchline'

A crypto analyst says that we haven’t seen this altcoin season because traders keep buying memecoins too early.

Cointelegraph·2024/08/30 06:12
BlackRock’s IBIT logs first daily net outflows since May amid streak of spot bitcoin ETF outflows
BlackRock’s IBIT logs first daily net outflows since May amid streak of spot bitcoin ETF outflows

U.S. spot bitcoin ETFs saw $71.73 million in net outflows on Thursday.BlackRock’s IBIT logged $13.51 million in outflows, marking its first daily negative flows since May 1.

The Block·2024/08/30 05:31
Flash
  • 07:37
    Vitalik Proposes Simplifying Ethereum L1, Aiming for Bitcoin-like Protocol Simplicity in Five Years
    ChainCatcher reports that Ethereum co-founder Vitalik Buterin published a blog post stating that Ethereum's goal is to become the "world's ledger": a platform for storing civilizational assets and records, serving as the foundational layer for finance, governance, and high-value data authentication. This requires two things: scalability and resilience. The aim of this post is to focus on a crucial yet often underestimated aspect of resilience (which ultimately also relates to scalability): the simplicity of the protocol. One of the best aspects of Bitcoin is its extremely simple and elegant protocol design. Maintaining the simplicity of the protocol helps Bitcoin or Ethereum become a trusted, neutral, and globally trusted infrastructure layer. In the past, Ethereum has often fallen short in this regard, and this article will discuss how Ethereum can become almost as simple as Bitcoin in the next five years. Simplifying the consensus layer: The new consensus layer (formerly known as "Beam Chain") aims to create a long-term optimal consensus layer for Ethereum by utilizing all the experience we have accumulated over the past decade in consensus theory, ZK-SNARK development, proof-of-stake economics, and other fields. The advantage of this consensus layer is that it is much simpler than the existing beacon chain. Simplifying the execution layer: The complexity of the EVM is increasing, and much of this complexity has proven to be unnecessary (in many cases, my fault). It is recommended to replace the EVM with RISC-V or another virtual machine that can write Ethereum ZK provers. I suggest we follow the approach of the tinygrad project and set a "maximum line of code target" for Ethereum's long-term technical specifications, aiming to make the critical code related to consensus in Ethereum as close as possible to the simplicity of Bitcoin. The code related to Ethereum's historical rule processing will still be retained but should be avoided from entering the consensus critical path. At the same time, we should also implement the following principles in the overall design philosophy: prioritize simpler solutions where possible, favor "encapsulated complexity" over "systemic complexity," and prioritize solutions with clear verifiable properties and guarantees in design decisions.  
  • 06:29
    Data: Pump.Fun Related Addresses Sell Another 112,000 SOL, Equivalent to $16.89 Million
    According to ChainCatcher, monitored by on-chain analyst Onchain Lens (@OnchainLens), four newly created wallets related to Pump.Fun (@pumpdotfun) sold 111,993 SOL at a price of $150.8, obtaining approximately $16.89 million in USDC and USDT.    
  • 06:26
    A whale withdraws a total of 628 million HIPPO from the exchange in five days, becoming the largest token holder outside the exchange
    According to a report by Jinse Finance, monitored by on-chain analyst Lookonchain (@lookonchain), a whale address has withdrawn a total of 628 million HIPPO tokens (approximately $1.28 million) from the exchange over the past 5 days, becoming the largest holder of HIPPO tokens outside the exchange.
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