Coin overview
EIGEN
Ended--
Last price (USDT)
171.76K
24h total (USDT)
739.77K
Total vol (USDT)
2024-04-30 09:00:00 ~ 2024-10-01 03:30:00
Trading time (UTC+0)
2024-10-01 09:00:00
Delivery time (UTC+0)
Total supply1.75B
Resources
Introduction
EigenLayer is a protocol built on Ethereum that introduces re-staking, allowing users who have staked $ETH to join the EigenLayer smart contract to re-stake their $ETH and extend cryptoeconomic security to other applications on the network. As a platform, EigenLayer, on one hand, raises assets from LSD asset holders, and on the other hand, uses the raised LSD assets as collateral to provide middleware, side chains, and rollups with AVS (Active Verification Service) needs. The convenient and low-cost AVS service itself provides demand matching services between LSD providers and AVS demanders, while a specialized pledge service provider is responsible for specific pledge security services. EIGEN total supply: 1.67 billion tokens
A major PEPE whale sold 314 billion PEPE and bought ETH, EIGEN, PUMP, and XPL.
BlockBeats News, on October 3, according to Onchain Lens monitoring, a PEPE whale address sold 314 billion PEPE (worth $3.16 million), exchanging them for 668.35 ETH and 203,000 USDC. Subsequently, 267.66 ETH (worth $1.178 million) was used to purchase 697,500 EIGEN. Afterwards, the whale converted part of the ETH into USDC and deposited $1.837 million USDC on the HyperLiquid platform. They used $1.02 million to purchase 151 million PUMP, and another $1.09 million to buy 1.11 million XPL.
A whale sold 314 billion PEPE for 668.35 ETH and 203,000 USDC.
According to Jinse Finance, Onchain Lens monitoring shows that this PEPE whale sold 314 billion PEPE ($3.16 million), exchanging them for 668.35 ETH and 203,000 USDC. Subsequently, the whale used 267.66 ETH ($1.178 million) to buy back 697,488 EIGEN. After that, the whale sold ETH for USDC, deposited 1.837 million USDC into HperLiquid, purchased 151.19 million PUMP for $1.02 million, and bought 1.11 million XPL for $1.09 million.
After selling 500 billion PEPE, a PEPE whale deposited 5.53 million USDC into HyperLiquid and opened a long position.
Foresight News reported, according to Onchain Lens monitoring, a PEPE whale sold 500 billion PEPE for 1,112.37 ETH (approximately $4.6 million) and 561,923 EIGEN for 188.62 ETH (approximately $819,000). Subsequently, the address swapped ETH for USDC, and after being dormant for 7 months, deposited 5.53 million USDC into HyperLiquid, opening long positions on ASTER (2x leverage) and XPL (3x leverage).
Trader Unveils Line in the Sand Price Level for Ethereum, Predicts Crypto Rallies in Coming Weeks
A closely followed crypto trader believes that Ethereum (ETH) bulls should defend a crucial price area to keep its uptrend alive. Pseudonymous analyst Inmortal tells his 235,500 followers on X that Ethereum needs to stay above its 2025 opening price to sustain its long-term bullish momentum. “Testing weekly demand. 2025 Open at $3,300 is the line in the sand.” Source: Inmortal/X At time of writing, Ethereum is worth $4,021. Despite calls that the bull market top is in for crypto, Inmortal believes that the market will soar to greater heights in the next three months. “Bull market is not over… I don’t know where it will bounce or how much it will retrace. I just know two things. It’s not over. Prices will be higher in Q4.” Looking at the altcoin market, the trader predicts that the meme token Bonk (BONK) will surge as long as it stays above $0.000018. He also notes that crypto whales have been accumulating BONK over the past few weeks. “Checking top memecoins whale inflows. I feel like they know something I don’t…” Source: Inmortal/X At time of writing, BONK is trading at $0.000019. The trader is also bullish on EigenCloud (EIGEN), a platform that aims to bring “verifiability as a service” to both on-chain and off-chain applications. Inmortal appears to be targeting $3 for EIGEN based on its technical and fundamental setups. “1. Institutions like the verifiable cloud. 2. Web3 arm of Japan’s largest telecom is joining Eigen. 3. EIGEN price action says it all. Today’s daily candle engulfing the previous one is very telling.” Source: Inmortal/X At time of writing, EIGEN is worth $1.89, up over 7% on the day. Generated Image: Midjourney
Whale Invests $1.07M in EIGEN, $121K in LINEA
Key Takeaways: Whale buys $1.07M EIGEN, injects confidence in crypto markets. EIGEN purchased at $1.9/token, LINEA at $0.028/token. Past whale activity suggests impact on token liquidity and price. Whale Invests $1.07M in EIGEN, $121K in LINEA A major cryptocurrency whale acquired $1.07 million in EIGEN and $121,000 in LINEA, utilizing 262.84 ETH and 30 ETH, respectively. This purchase did not cause immediate liquidity shifts or regulatory responses and aligns with previous large acquisitions by the same investor. The whale’s significant acquisitions in EIGEN and LINEA highlight potential increased activity and speculation in these tokens, with a possibility for short-term price impacts. The whale, linked to substantial PEPE, ENA, AAVE, and PENDLE holdings, acquired 561,923 EIGEN tokens through a 262.84 ETH transaction and 4.26 million LINEA tokens using 30 ETH. These investments underscore confidence in emerging tokens. Known for manipulating past crypto price movements, this whale aims to influence market prices and liquidity through strategic acquisitions. There are current large positions in PEPE and others, suggesting broad-ranging crypto influence. The purchases reflect substantial injections, with EIGEN trading at $1.9 per token and LINEA at $0.028. The on-chain data confirmed this whale’s address now holds $1.41 million in LINEA after the transaction. Potential regulatory scrutiny and market reaction concerns exist given the past influential trading history of this whale. Large token buys can alter trading patterns, possibly sparking speculation-driven price fluctuations or regulatory attention. Increased market liquidity and potential price adjustments might follow based on historical trading patterns. Such transactions in newcomer tokens frequently ignite market interest and volatility, affecting both liquidity and trader sentiment. No official statements or quotes attributable to any specific individual have been made regarding the recent transactions by the prominent whale. As such, there are currently no relevant quotes available from key industry figures, company leaders, or any regulatory representatives.
A PEPE whale spent about $1.2 million to buy EIGEN and LINEA tokens
according to on-chain analyst Onchain Lens (@OnchainLens), a PEPE whale spent 262.84 ETH (worth 1.07 million USD) to purchase 561,923 EIGEN tokens at a price of 1.90 USD, and also spent 30 ETH (worth 121,000 USD) to purchase 4.26 million LINEA tokens. The whale's current holdings include: 13.4 trillion PEPE tokens (worth 12.31 million USD), 19.73 million ENA tokens (worth 11.29 million USD), 26.5 thousand AAVE tokens (worth 7.08 million USD), 68.598 thousand PENDLE tokens (worth 3.14 million USD), and 50.78 million LINEA tokens (worth 1.41 million USD).
A PEPE whale spent approximately $1.2 million to purchase EIGEN and LINEA tokens.
According to a report by Jinse Finance, on-chain analyst OnchainLens (@OnchainLens) has monitored that a PEPE whale spent 262.84 ETH (worth $1.07 million) to purchase 561,923 EIGEN tokens at a price of $1.90 each, and also spent 30 ETH ($121,000) to acquire 4.26 million LINEA tokens. The whale's current holdings include: 1.34 trillion PEPE (worth $12.31 million), 19.73 million ENA (worth $11.29 million), 26,500 AAVE (worth $7.08 million), 685,980 PENDLE (worth $3.14 million), and 50.78 million LINEA (worth $1.41 million).
Can Gaia’s AI Technology Challenge Cloud Dominance of Apple, Google, OpenAI?
Artificial intelligence has quickly become a standard feature across consumer technology. Today, platforms like ChatGPT, Apple Intelligence, and Google’s Gemini process everything from search queries to personal reminders. Despite promises of stronger privacy, most processing still happens on cloud servers. This trade-off between ease and privacy raises the question: Can users truly control their digital lives if they are reliant on external servers? In an interview with BeInCrypto, Sydney Lai, Co-Founder of Gaia, outlined how the company is building toward true ‘data sovereignty,’ putting users back in control of their digital lives. Where Gaia Outpaces Cloud Assistants Gaia is a decentralized AI ecosystem designed to give users data sovereignty and ownership of their AI. The network has several products, including Gaia Domain, Gaia Agents, Gaia AI Chat, a newly released AI Phone, Edge OSS, an infrastructure solution specifically for smartphone manufacturers, and more. But what makes Gaia stand out from existing market leaders like Apple or Google, which also offer on-device AI platforms? According to Lai, Gaia’s differentiation is its commitment to local processing, ensuring that all AI operations occur on the user’s device without cloud transmission. “The key difference is complete data sovereignty rather than partial on-device capabilities. Additionally, users become stakeholders in a decentralized network, earning rewards while contributing to collective AI inference capabilities, rather than just consuming AI services,” she told BeInCrypto. She explained that Gaia addresses the ‘ownership problem’ inherent in platforms like Siri or Gemini, where users get access to generic, multi-tenant AI systems. “Existing platforms use what we call ‘one-size-fits-all’ models. They might learn some preferences, but they’re fundamentally the same AI assistant talking to everyone. Gaia Edge allows you to run your own personalized AI instance that learns specifically about your context, your workflows, and your data – without that information ever leaving your device,” she said. Lai noted that from an architectural perspective, Gaia Edge differs from Apple and Android by acting as a capability layer rather than part of an operating system, enabling true on-device AI inference. According to her, “While Apple and Android are making strides in on-device processing, they’re still primarily operating systems that happen to include AI features.” Furthermore, its integration of the Model Context Protocol (MCP) is a ‘competitive moat’. This facilitates context-driven automations from personal AI agents, informed by location and preferences, which current mainstream platforms lack. All these features sound impressive, but Lai highlighted that what’s particularly noteworthy about Gaia Chat is its offline capabilities. “Gaia Chat works in airplane mode, during poor connectivity, and processes sensitive personal context without internet dependency. Your AI maintains full knowledge of your preferences, habits, and context even offline. Unlike cloud assistants, it can handle personal financial discussions, health questions, and private thoughts without sending that data to external servers,” the executive stated. She outlined several use cases where it outpaces cloud-based assistants. Gaia Chat retains full conversational history and personal knowledge even without connectivity, unlike cloud assistants that lose context when offline. MCP integration enables instant automation of personal tasks directly on-device, without relying on APIs or the cloud. Professionals in sensitive fields (healthcare, law, therapy) can safely use Gaia since data never leaves the device, avoiding compliance risks. Local processing supports latency-critical applications like real-time language translation, voice interaction, and augmented reality (AR), which cloud systems struggle to handle due to network delays. The Gaia AI Phone and Network Economics One of Gaia’s boldest innovations is the Gaia AI Phone. Launched earlier this month, the phone doesn’t just function as a personal device but also operates as a full node in the decentralized AI network. Users can earn GAIA tokens, creating an economic incentive to support the system. Nonetheless, Gaia’s approach extends beyond rewarding raw computational power. Lai described that nodes are compensated based on a combination of factors: service quality, availability, specialized knowledge bases, and unique model configurations. In practice, this means a phone running a specialized medical AI could earn more than a powerful desktop running a generic model. Specialization, not just brute force, is positioned as the primary driver of value within the network. “The escrow smart contract system using ‘Purpose Bound Money’ creates interesting economic dynamics. When token prices drop, service providers receive more tokens per unit of electricity and compute, naturally encouraging new participants to join and diluting existing concentration. Conversely, when demand increases and token prices rise, users effectively pay premium rates, creating a supply-demand balance mechanism,” she added. Additionally, Gaia employs a domain structure in which nodes must meet specific LLM and knowledge requirements before joining, with load balancing spread evenly among qualified participants. Still, Lai acknowledged that challenges remain. These include low conversion rates and the overhead of continuous verification. “More fundamentally, the cryptoeconomic model relies heavily on staking and slashing mechanisms that haven’t been stress-tested at scale. The AVS validation system requires ‘mostly honest nodes,’ but economic incentives during market downturns could shift these ratios unpredictably,” she mentioned to BeInCrypto. How Does Gaia Counter Centralization Risks? Decentralized networks sometimes risk recreating centralization through economic or technical bottlenecks. Yet, Lai emphasized that Gaia’s architecture is designed to counter these tendencies from the ground up. She highlighted that GaiaNet employs a multi-layer decentralization strategy, where individual nodes retain full control over their models, data, and knowledge bases. “Domain operators provide trust and discovery services but cannot control the underlying nodes’ operations or data. The DAO governance layer ensures no single entity can unilaterally change network rules,” The Gaia co-founder remarked. On the economic side, Gaia integrates built-in decentralization incentives into its tokenomics. Moreover, the staking process distributes verification across many holders. Revenue also flows directly from domains to nodes through smart contracts, limiting ‘intermediate capture.’ Technically, each node runs on the WasmEdge runtime with standardized, OpenAI-compatible APIs. This allows seamless movement between domains and reduces the risk of vendor lock-in. “Knowledge bases and fine-tuned models remain with node operators as NFT-based assets, creating portable digital property rights,” Lai commented. Lastly, ‘Purpose-Bound Money’ further blocks intermediaries from capturing value without providing service. Can Gaia Run Within Your Jurisdiction? Beyond centralization challenges, compliance with local regulations has long been a weak spot for crypto and AI. Lai also stressed this is still an ‘evolving area’ for Gaia. “Cross-border scenarios where a French user accesses a German node create complex jurisdictional questions,” she stated. Still, Lai argued that local inference shifts the landscape by allowing each node to adapt to its own jurisdiction. “Each Gaia node can be configured with region-specific compliance parameters. For example, nodes operating in California could implement CCPA-specific data retention policies, while European nodes might have stricter anonymization requirements. The WasmEdge runtime provides isolated execution environments that can enforce these compliance rules at the hardware level,” she revealed. Lai pointed out that Gaia’s core advantage lies in its ‘data sovereignty by design.’ Because data never leaves the local node, a user in Germany running Gaia with local inference keeps all personal data and conversations within German jurisdiction. This approach inherently addresses many GDPR requirements related to data residency and cross-border transfers. Moreover, the executive cited the research paper, noting that EigenLayer AVS can verify that nodes are running the correct models and knowledge bases. She added that this mechanism can also extend to compliance checks, with validators periodically auditing nodes to confirm adherence to jurisdiction-specific requirements such as data handling, logging, and retention policies. “While conversations stay local, nodes can generate cryptographically signed compliance logs that prove adherence to regulations without exposing user data. These logs can demonstrate consent management, data processing purposes, and retention compliance to regulators while maintaining privacy,” Lai elaborated. Ethical Guardrails: Mitigating Misuse in a Permissionless Ecosystem While giving users full control of their AI and data empowers individuals, it also risks misuse, such as running biased or harmful models locally. As Lai clarified, Gaia coordinates risks via: Domain-Level Governance: Operators set requirements for acceptable models within their domain, restricting harmful or biased ones from earning rewards or gaining traction. AVS Validation: The EigenLayer AVS research demonstrates how the network can verify that nodes run their advertised models. In theory, it could also identify harmful models, though the scope remains limited for now. Economic Disincentives: Staking and slashing penalize malicious activity, creating financial pressure toward responsible behavior. Despite this, Lai acknowledged that there are still some critical gaps in the current framework. “The documentation reveals several concerning limitations. The system explicitly allows for ‘politically incorrect’ responses and models that can ‘answer requests in a specific style (e.g., to mimic a person),’ capabilities that could easily enable harassment or impersonation. The permissionless nature means anyone can run nodes with whatever models they choose, regardless of ethical considerations.’ She underlined that the verification system merely confirms whether nodes operate the models they claim, without assessing their ethical quality. As a result, even a node openly running a biased model could still pass all verification checks. Gaia to Launch AI Agent Deployment Interface in Winter 2025 Despite all the tech breakthroughs, Gaia is not done. Lai revealed that the network is preparing to launch its user interface for deploying AI agents in Winter 2025. She also described the design philosophy and approach to BeInCrypto. “Our approach centers on chat as the primary interface – not because we’re building ‘another ChatGPT clone,’ but because conversational interaction is the most intuitive way for users to communicate intent to AI systems. The complexity of agent deployment is abstracted away behind natural language interactions. Launching autonomous workflow automation is conducted through the Chat interface with MCP,” she disclosed to BeInCrypto. The company is also adopting what it calls a ‘progressive disclosure’ model. Instead of overwhelming users with configuration options at the start, the software introduces more advanced controls only as individuals become comfortable with the system. Onboarding, meanwhile, adapts to each device and user environment, offering personalized guidance instead of generic tutorials. Finally, Gaia is handling the technical complexity behind the scenes via Edge OSS. Resource allocation, model deployment, and security protections are managed transparently. So, users can retain control over how their AI behaves without needing to understand the underlying hardware. Gaia’s vision, as articulated by Lai, reframes AI from corporate utility to personal dominion, potentially reshaping the balance between innovation and individual agency in a data-saturated world. Its success will hinge on bridging technical promise with economic and ethical resilience as adoption scales.
Token Unlock Schedules and Tokenomics Data: A Key Resource for Professionals
Sui Blockchain’s Projected Growth: Sui’s tokenomics reveals accelerated growth from 2025, with significant milestones ahead, offering insights for long-term strategies. EigenCloud’s Rapid Expansion: Formerly EigenLayer, EigenCloud shows promising scaling projections, particularly around 2026. Token Unlock Data for Professionals: Platforms like Sui and EigenCloud offer transparent tokenomics, providing critical insights into unlock. . The increasing complexity of blockchain tokenomics requires professionals to have access to precise and timely data. Having clear insights into token unlock schedules and growth projections is vital for understanding market movements and blockchain evolution. Platforms like Sui and EigenCloud are offering valuable data on tokenomics and their expected growth patterns, allowing experts to make informed decisions in an ever-changing market. Sui Blockchain’s Rapid Growth and Tokenomics Transparency The Sui blockchain, recognized as a leading Layer 1 solution, has seen notable growth projections in recent months. Data reveals an accelerated increase in its token distribution from 2025 onwards, with significant milestones expected as early as mid-2025. The stacked area charts clearly depict the sharp increase in value expected beyond 2025, especially as the platform matures. Different colors in the chart represent various metrics contributing to the blockchain’s overall value, with each layer growing more substantial in future years. Source: Tokenomist The use of this data allows professionals to track the progress of token distribution and staking rewards. With projections spanning until 2030, experts are getting a clear look at how SUI tokens will evolve over the next several years. The tokenomics also suggest that staking will play a significant role in enhancing network security and liquidity, highlighting the increasing utility of the Sui blockchain in decentralized applications. Sui’s commitment to transparency in its tokenomics and scheduled unlocks provides critical insights into how the platform will perform over the long term. As the blockchain ecosystem grows, professionals can track and assess the potential of Sui as a leading Layer 1 blockchain. Its tokenomics system provides much-needed clarity about upcoming token releases and staking rewards, enabling stakeholders to make data-driven decisions. EigenCloud’s Tokenomics and Growth Projections EigenCloud, formerly known as EigenLayer, focuses on offering decentralized cloud services. Its tokenomics data reveals impressive growth patterns that professionals can use to evaluate future performance. Like Sui, EigenCloud’s growth is expected to surge dramatically between 2025 and 2027, with various factors contributing to its expansion. Source: Tokenomist The detailed projections suggest that EigenCloud will see rapid scaling in its decentralized services, especially as it moves into its next phase. This timeline is backed by the platform’s ability to support decentralized applications, enhancing Ethereum’s security and liquidity. The color-coded layers in the data charts provide a comprehensive view of how EigenCloud’s growth will unfold across different areas, with a sharp focus on token distribution and staking rewards. With a robust token unlock schedule and a clear tokenomics structure, EigenCloud is positioning itself for sustained success. Professionals tracking these changes will gain valuable insights into how these unlock events will impact the platform’s value. The upcoming transitions, particularly those around 2026, are poised to bring significant changes that could redefine cloud services and decentralized computing. Accessing Comprehensive Data for Strategic Decisions Both Sui and EigenCloud present exceptional data on their tokenomics and unlock schedules, making them indispensable tools for professionals. Access to this data provides a distinct advantage in understanding market dynamics and the growth trajectory of these blockchain projects. By staying informed on token unlock events, professionals can prepare for the next big shift in the market and adjust their strategies accordingly. Source: Tokenomist The future of decentralized technologies relies on clearand accurate projections that enable professionals to make informeddecisions based on data rather than speculation. By offering real-time insights into token unlock schedules and long-term projections, platforms like Sui and EigenCloud are empowering experts to navigate the complex blockchain landscape with confidence.
Celestia Upgrade and Proof-of-Governance: A Turning Point for TIA?
Celestia is entering a pivotal stage with two fundamental changes: the Matcha upgrade and the proposed Proof-of-Governance (PoG). These technical improvements and a restructuring of tokenomics could transform TIA from a highly inflationary token into a potentially deflationary asset. With rising community expectations and a rapidly expanding ecosystem, the question is: Can TIA break out strongly in the coming years? Matcha: Technical upgrade and supply tightening According to Celestia’s official announcement, the Matcha upgrade will increase block size to 128MB, optimize block propagation, and improve performance under proposal CIP-38. More importantly, the CIP-41 proposal reduces annual inflation from around 5% to 2.5%, directly tightening TIA’s circulating supply. This change makes TIA more attractive to long-term investors and strengthens its role as a potential collateral asset in DeFi. Inflation rate over time for Celestia. Source: Celestia Beyond supply dynamics, Matcha also expands available “blockspace” for rollups, removes token-filter barriers for IBC/Hyperlane, and positions Celestia as the central data availability (DA) layer for other chains. This lays the foundation for new revenue streams, as DA fees from rollups could be channeled to support TIA’s value in the future. PoG: The path toward a deflationary token? The next highlight is the Proof-of-Governance (PoG) proposal. According to Kairos Research, PoG could lower annual issuance to just 0.25% — a 20x reduction from current levels. With such a sharp drop in issuance, the revenue threshold required to push TIA into net-deflationary status becomes very low. “Our analysis shows that TIA can potentially transition from an inflationary token to a deflationary, or near zero-inflation asset under the right conditions,” Kairos Research noted. Some experts argue that even DA fees alone may be enough to push TIA into deflationary territory. Adding new revenue streams, such as an ecosystem stablecoin or revenue-generating DATs, could “completely flip TIA’s tokenomics story”. This perspective strengthens community confidence that Celestia could become a model for aligning token value with real business performance. Even Celestia Co-founder Mustafa Al-Bassam, who was once skeptical of PoG, has changed his stance. He compared the system to resilient decentralized structures like ICANN and IANA, which have outlasted centralized applications without concentrating power. “This perspective aligns with Celestia’s vision: by enabling verifiable light nodes, the network ensures that validators need not be trusted for correctness, preserving security without concentrating power,” Mustafa Al-Bassam shared. If Celestia delivers, PoG could be an extremely positive step for the entire network. TIA: High expectations, but risks remain On the price front, TIA has recently corrected downward, reflecting short-term bearish technical signals such as RSI, MACD, and net capital outflows. At the time of writing, BeInCrypto data shows TIA trading more than 93% below its February 2024 ATH. TIA price chart. Source: BeInCrypto With such volatility, market sentiment remains largely pessimistic. Some investors argue that TIA exemplifies the saying, “don’t marry your bags.” The hype from the airdrop 18–24 months ago, combined with venture investors continuously unlocking tokens and suppressing its value, has weighed heavily on the token. Some even described TIA’s chart as “pain and suffering!” Therefore, these new proposals and the $100 million treasury could become a lifeline for the project. Still, the key lies in execution. PoG requires community approval, revenue distribution, and transparent buyback/burn mechanisms, and the number of rollups using Celestia must be large enough to generate sustainable DA fee revenue. If DA revenue fails to grow quickly or competitors like EigenDA pull ahead, the deflationary scenario could be delayed.
Web3 firm NTT Digital partners with EigenLayer to accelerate restaking adoption
The alliance aims to bring institutional-level efficiency to restaking. The deal bridges web3 technology with the traditional enterprise infrastructure. EIGEN price rebounded after the announcement. The web3 branch of Japan’s telecom giant NTT Group has announced a strategic collaboration with EigenLayer’s infrastructure provider EigenCloud. As part of this partnership, NTT Digital will run the data availability layer, EigenDA, as a validator, strengthening the ecosystem’s security and reliability. NTT Digital is proud to announce a landmark collaboration with EigenCloud ( @eigenlayer ). Rooted in the trusted heritage of the NTT Group and driven by web3 innovation, we are proud to operate EigenDA ( @eigen_da ) as a validator and accelerate the growth of the restaking ecosystem.… pic.twitter.com/yhERI2poOr — NTT Digital (@nttdigital_io) September 24, 2025 The X post highlights NTT Digital’s broader goal of pushing the decentralized economy. As an EigenDA validator, the web3 firm will directly participate in enriching the restaking sector, a feature that has seen massive traction among crypto enthusiasts looking to secure many platforms leveraging shared Ethereum trust. Restaking ensures capital efficiency by enabling individuals to stake the same assets on the primary blockchain and other networks, consequently securing many networks concurrently. Users can enjoy additional rewards for securing more protocols, though with amplified slashing risks. Bolstering the restaking sector EigenLayer’s restaking mechanism has been among the most-watched innovations within the Ethereum ecosystem in the past few months. The model creates a shared security environment by allowing individuals to restake ETF to secure other blockchains. Besides boosting security, EigenLayer’s restaking approach reduces the barriers for launching new protocols. With NTT Digital as a validator, EigenLayer gets a reputational boost and additional infrastructure backing. Such an environment could attract more developers and enterprises to explore EigenLayer’s capabilities as a network for creating dApps. That will enhance demand for native EIGEN in the coming times. NTT Digital brings its experience in running scalable, secure infrastructure that could be essential as EigenDA supports multiple applications. Validator diversity translates to stable uptime, which is crucial in ensuring trust in restaking. Working with enterprise players like NTT guarantees the EigenLayer community that the data availability layer will remain reliable even amid skyrocketed demand. EIGEN’s growing demand The altcoin plays a key role within the EigenLayer platform, aligning incentives. Validators receive EIGEN as rewards. Also, the token supports restaking activities and network upgrade governance. Increasing adoptions means growing roles for EIGEN as an economic and decision-making instrument. Success by NTT Digital as a validator could draw more corporates to the platform, boosting EIGEN’s demand further. EIGEN price outlook EigenLayer’s native token displayed recoveries following the news. It trades at $1.78, up 2.5% on its daily chart after a notable rebound. EIGEN has maintained impressive price actions in the past few sessions. The coin gained nearly 20% and over 35% the past week and month. Technical indicators suggest EIGEN could lead the next leg up in the broader crypto market. The MACD and RSI on the daily timeframe show buyer presence. Also, EIGEN boasts reliable support as it trades above the 50- and 100 Exponential Moving Averages.
Grvt completes $19 million Series A funding round, with investors including ZKsync, Further Ventures, EigenCloud, and others, leading privacy-first on-chain finance and opening a new chapter in the trillion-dollar market.
Grvt, an on-chain privacy decentralized trading platform based on zero-knowledge proof (ZK) technology, announced today the completion of a $19 million Series A funding round. This investment cements Grvt’s position as a pioneer in the blueprint for the future of global finance and accelerates its mission to disrupt the fragmented on-chain financial ecosystem by addressing long-standing industry challenges such as privacy vulnerabilities, security, scalability, and ease of use. As Wall Street embraces blockchain technology, a new chapter in global finance is being written on-chain. In August this year, Ethereum’s on-chain trading volume surpassed $320 billion, reaching its highest level since mid-2021. Research also predicts that the decentralized finance (DeFi) sector will soar from $3.236 billion in 2025 to over $1.5 trillion by 2034. However, this potential has yet to be fully realized due to a series of issues emerging on decentralized platforms. These problems include "whale hunting," where large trades are front-run or exploited by sophisticated traders scanning the mempool. Such strategies result in billions of dollars in losses annually due to maximum extractable value (MEV) attacks and other manipulative behaviors. In addition, challenges such as smart contract vulnerabilities, compliance barriers on public chains, isolated on-chain ecosystems, and a lack of user-friendliness for ordinary users are also widespread. Grvt is the only player in the field with a solid first-mover advantage and technical infrastructure to change this status quo. This round of financing was co-led by Grvt’s core technology partner ZKsync and Abu Dhabi-based capital markets infrastructure investment firm Further Ventures. Further Ventures also led Grvt’s strategic investment round in December last year. Other investors include decentralized verifiable cloud platform EigenCloud (formerly EigenLayer), and 500 Global (formerly 500 Startups), a venture capital firm managing $2.3 billion in assets and focusing on global entrepreneurs. The majority of the funds raised will be used to accelerate Grvt’s multi-pronged product strategy, aiming to serve both active traders and passive investors. This unique approach is currently missing in the trading platform sector, thereby solidifying Grvt’s unique position to unify and dominate the fragmented on-chain financial landscape and bring it into the mainstream. Key product lines include: · Fixed Yield Generation Flywheel: The industry’s first yield tool that allows users to easily transfer funds between their funds, trading, and vault accounts to maximize returns. · Infrastructure: Continuously strengthening Grvt’s default privacy infrastructure, which is currently lacking in the industry. · Stablecoin Empowerment System: Robust stablecoin business foundation, including cross-platform vaults and real-world asset (RWA) integration. Strong Alliances Accelerate the On-Chain Finance Process Through zero-knowledge proof technology, combined with ZKsync technology that has been validated by institutions such as Deutsche Bank and UBS, Grvt is building a blockchain-native global model, showcasing the potential of ZK technology in finance, making everyday trading and investing safe, fast, private, and accessible to all. The ZKsync technology stack helps solve key bottlenecks in on-chain finance: · Privacy: Grvt is built on a ZKsync-based Validium Layer 2 blockchain, which verifies state without disclosing data, thus ensuring privacy and solving a long-standing problem for DeFi protocols. · Ethereum-level Security: Layer 2 transactions inherit Ethereum’s security through ZK proofs. All transaction batches are verified on Ethereum, and even if transactions are completed off-chain to improve speed and reduce costs, their validity is mathematically guaranteed. · Scalability: As a Layer 2 solution, ZKsync greatly improves scalability and can handle transaction volumes far beyond the Ethereum mainnet. · Accessibility: By processing transactions off-chain in batches and only submitting necessary proofs to Ethereum, settlement costs are significantly reduced, making trading cheaper. As a key investment arm for Abu Dhabi’s strategic blockchain layout, Further Ventures’ leading role further consolidates its critical position in the global development of on-chain finance. Meanwhile, the rapidly growing developer ecosystem EigenCloud provides Grvt with scale and security assurance. Its core product, EigenDA, is the preferred data availability solution for Ethereum Rollups. By anchoring data with a distributed validator network, it ensures that Grvt’s ZK technology stack is both verifiable and scalable. In the future, Grvt will also leverage EigenDA’s programmable privacy features to solve the long-standing conflict between data availability and privacy. Investor and Founding Team Comments · Grvt Co-founder and CEO Hong Yea: “Privacy is the uncompromisable cornerstone of the future of on-chain trading and investing. Grvt is building a privacy-centric, scalable, and trustless DEX, offering a variety of structured products that demonstrate how ZK solutions can become the new norm, driving an open and secure on-chain financial world. This financing is a strong endorsement of our vision.” · Matter Labs Co-founder and CEO Alex Gluchoski: “We believe ZK is the ‘HTTPS moment’ for the crypto industry. Just as HTTPS brought the internet mainstream by increasing trust and privacy, ZK will bring the same turning point to Web3. Grvt is uniquely positioned at the heart of this vision.” · Further Ventures Managing Partner Faisal Al Hammadi: “Further Ventures is committed to supporting the next generation of financial infrastructure. Grvt’s application of zero-knowledge proofs demonstrates how cutting-edge cryptography can underpin institutional-grade markets, and we are proud to work together to build a borderless financial system.” · Eigen Labs Founder and CEO Sreeram Kannan: “Verifiable data drives verifiable computation. As EigenDA reaches 100 MB/s, the bottleneck has shifted from data to computation. Grvt is tackling this frontier head-on, and their team’s strength and vision are highly aligned.” · 500 Global Partner Min Kim: “We firmly believe the next frontier of finance will be built on-chain, and privacy is key to unlocking its full potential. Grvt’s vision of combining ZK technology with institutional-grade infrastructure is highly consistent with our philosophy of supporting global entrepreneurs to reshape the financial system.” Looking Ahead Grvt is built on a foundation of multiple industry-first innovations—for example, offering a -1 basis point maker fee rebate for all orders, a benefit traditionally reserved for institutions. Its next step is to immediately launch a fixed income product, ensuring all users receive a 10% interest return. The flagship market-making strategy, Grvt Liquidity Provider (GLP), will also be launched, providing retail traders with a fund strategy offering high double-digit annual percentage returns (APR), a strategy previously out of reach for them. Against the backdrop of rapid industry growth, this financing establishes a solid multi-layered foundation. It combines cutting-edge technology, institutional-grade infrastructure, and a secure data framework to create a platform that cements its strong position in the increasingly crowded on-chain finance sector. About Grvt Grvt (pronounced “gravity”) is built on the ZKsync technology stack, providing private, trustless, scalable, and secure on-chain financial infrastructure. Through its decentralized trading platform (Grvt Exchange) and investment marketplace (Grvt Strategies), Grvt enables every user to trade and invest transparently alongside global professionals. This article is a contribution and does not represent the views of BlockBeats.
Large-scale ETH unstaking triggers a redemption wave, with the destination of $11.3 billion in funds becoming the focus
Ethereum co-founder Vitalik Buterin has commented on the increasingly severe issue of staking withdrawal queues, noting that the network's staking exit queue has now extended to over six weeks. On September 18, he posted on X, stating that this mechanism is a carefully considered design choice rather than a flaw, and compared it to military discipline. Buterin emphasized that staking is not a casual act but a commitment to safeguarding the network. From this perspective, friction mechanisms such as exit delays actually serve as safety guardrails. "If anyone in the army could suddenly leave at any time, the army would not be able to maintain cohesion," he wrote, pointing out that Ethereum's reliability depends on ensuring that validators cannot instantly abandon their duties. However, Buterin also acknowledged that the current design is not perfect. He explained: "This is not to say that the current staking queue design is the optimal solution, but if the threshold is blindly lowered, it would significantly reduce the credibility of the chain for any node that is not frequently online." Buterin's views coincide with those of EigenLayer restaking protocol founder Sreeram Kannan. In a post on September 17, Kannan referred to Ethereum's lengthy exit period as a "conservative parameter," considering it a crucial security measure. He explained that the waiting period can effectively guard against worst-case scenarios, such as validators coordinating attacks and participants attempting to exit collectively before facing slashing penalties. In light of this, Kannan warned: "Unstaking must never be instantaneous." He further explained that if the process were shortened to a few days, Ethereum could be exposed to attacks that exhaust its security assumptions. In contrast, a longer window allows for the detection and punishment of malicious behaviors such as double-signing, ensuring that malicious validators cannot easily evade responsibility. Kannan specifically pointed out that this buffer mechanism allows inactive nodes to reconnect and periodically verify the correct fork. He emphasized that without such a mechanism, competing forks could all claim legitimacy, making it impossible for offline nodes to determine authenticity when reconnecting. He concluded: "Ethereum does not adopt a fixed long-term unstaking mechanism, but is designed so that when a small amount of staking exits within a specific period, it can be processed instantly. However, if a large amount of staking applies to exit simultaneously, the queue will accumulate, and in the worst case, it could last for several months." This strong defense comes as Ethereum's exit queue hits a historic high. Data from the Ethereum validator queue shows that the current withdrawal backlog has reached 43 days, involving 2.48 million ETH (approximately $11.3 billion) waiting to be withdrawn.
ETH worth $11.3 billions is being unstaked—how does "V God" view this trend?
The reliability of Ethereum depends on ensuring that validators cannot instantly abandon their duties. Written by: Blockchain Knight Ethereum co-founder Vitalik Buterin has commented on the increasingly severe issue of staking withdrawal queues, as the network’s staking exit queue has now extended to over six weeks. On September 18, he posted on X, stating that this mechanism is a carefully considered design choice rather than a flaw, and compared it to military discipline. Buterin emphasized that staking is not a casual act but a commitment to safeguarding the network. From this perspective, friction mechanisms such as exit delays actually serve as security guardrails. “If anyone in the army could suddenly leave at any time, the army would not be able to maintain cohesion,” he wrote, pointing out that Ethereum’s reliability depends on ensuring that validators cannot instantly abandon their duties. However, Buterin also acknowledged that the current design is not perfect. He explained: “This is not to say that the current staking queue design is the optimal solution, but if the threshold is blindly lowered, the credibility of the chain would be greatly reduced for any node that is not frequently online.” Buterin’s view coincides with that of EigenLayer’s founder Sreeram Kannan. In a post on September 17, Kannan referred to Ethereum’s long exit period as a “conservative parameter,” considering it a crucial security measure. He explained that the waiting period can effectively guard against worst-case scenarios, such as coordinated validator attacks, where participants might attempt to exit collectively before facing slashing penalties. In light of this, Kannan warned: “Unstaking must never be instantaneous.” He further explained that shortening the process to a few days could expose Ethereum to attacks that exhaust its security assumptions. In contrast, a longer window allows for the detection and punishment of malicious behaviors such as double-signing, ensuring that malicious validators cannot easily evade responsibility. Kannan specifically pointed out that this buffer mechanism allows inactive nodes to reconnect and periodically verify the correct fork. He emphasized that without such a mechanism, competing forks could all claim legitimacy, making it impossible for offline nodes to determine authenticity when reconnecting. He concluded: “Ethereum does not adopt a fixed long-term unstaking mechanism, but is designed so that when a small amount of staking exits within a specific period, it can be processed instantly. However, if a large amount of staking applies to exit simultaneously, the queue will accumulate, and in the worst case, it could last for several months.” This strong defense comes as Ethereum’s exit queue reaches a historic high. According to Ethereum validator queue data, the current withdrawal backlog has reached 43 days, involving 2.48 million ETH (approximately 11.3 billions USD) waiting to be withdrawn.
Grvt has successfully raised a $19 million Series A funding round, with investors including ZKsync, Further Ventures, EigenCloud, among others, leadi
The on-chain privacy decentralized transaction platform Grvt, based on Zero Knowledge Proof (ZK) technology, announced today that it has completed a $19 million Series A funding round. This investment solidifies Grvt's position as a pioneer in the global future of finance and accelerates its mission to disrupt the existing fragmented on-chain financial ecosystem by addressing long-standing industry challenges such as privacy vulnerabilities, security, scalability, and usability. As Wall Street embraces blockchain technology, a new chapter in global finance is being written on-chain. In August of this year, Ethereum's on-chain transaction volume exceeded $320 billion, reaching its highest level since mid-2021. Research also predicts that the Decentralized Finance (DeFi) sector will surge from $323.6 billion in 2025 to over $15 trillion in 2034. However, despite the series of issues on decentralized platforms, this potential has not yet been fully realized. These issues include "whale hunting," where large transactions are front-run or exploited by sophisticated traders scanning the mempool. Such strategies result in billions of dollars in losses annually due to Maximum Extractable Value (MEV) attacks and other manipulative behaviors. Additionally, challenges such as smart contract vulnerabilities, compliance hurdles on public chains, isolated on-chain ecosystems, and a lack of user-friendliness for the average user are widespread. Grvt is the only participant in the field with a solid first-mover advantage and technological infrastructure to change this status quo. This round of funding was co-led by Grvt's core technology partner ZKsync and Abu Dhabi-based capital market infrastructure investment firm Further Ventures. Further Ventures previously led Grvt's strategic investment round in December of last year. Other participating investors include the decentralized verifiable cloud platform EigenCloud (formerly EigenLayer) and 500 Global (formerly 500 Startups), a venture capital firm managing $2.3 billion in assets and focusing on global entrepreneurs. Most of the raised funds will be used to accelerate Grvt's multi-pronged product strategy, aimed at serving both active traders and passive investors simultaneously. This unique approach is missing in the current trading platform space, thereby solidifying Grvt's unified and dominant position in the fragmented on-chain financial landscape and propelling it toward a mainstream unique position. Key product lines include: · Fixed Yield Generation Flywheel: The industry's first yield tool that allows users to easily transfer funds between their capital, trades, and treasury accounts to maximize returns. · Infrastructure: Continuously strengthen Grvt's default privacy infrastructure, which is currently lacking in the industry. · Stablecoin Empowerment System: Robust stablecoin business foundation, including cross-exchange treasury and real-world asset (RWA) integration. Strong Partnership, Accelerating On-chain Finance Progress Through zero-knowledge proof technology and leveraging ZKsync technology that has been conceptually validated by institutions such as Deutsche Bank and UBS, Grvt is building a blockchain-native global paradigm, showcasing the potential of ZK technology in the financial sector, making daily transactions and investments secure, fast, private, and inclusive. The ZKsync technology stack helps address key bottlenecks in on-chain finance: · Privacy: Grvt is built on a Validium second-layer blockchain based on ZKsync, keeping data private while maintaining verification state, ensuring privacy and addressing the long-standing challenge faced by DeFi protocols. · Ethereum-level Security: Second-layer transactions inherit Ethereum's security through ZK proofs. All transaction batches are verified on Ethereum, ensuring their validity through mathematical proofs even when transactions are settled off-chain to improve speed and reduce costs. · Scalability: As a second-layer solution, ZKsync significantly enhances scalability, able to process a much higher transaction volume than the Ethereum mainnet. · Accessibility: By batch processing off-chain and submitting only necessary proofs to Ethereum, settlement costs are significantly reduced, making transactions cheaper. As a strategic investor in Abu Dhabi's blockchain initiative, Further Ventures' lead position further solidifies its key role in the global development of on-chain finance. At the same time, the rapidly growing developer ecosystem EigenCloud provides scale and security for Grvt. Its core product EigenDA is the preferred data availability solution for Ethereum Rollups. By anchoring data with a distributed validator network, EigenDA ensures that Grvt's ZK technology stack is both verifiable and scalable. In the future, Grvt will also leverage EigenDA's programmable privacy features to address the long-standing conflict between data availability and privacy. Investor and Founder Team Comments · Grvt Co-founder and CEO Hong Yea: "Privacy is the uncompromising cornerstone of on-chain transactions and investments' future. Grvt is building a privacy-centric, scalable, and trustless DEX, offering diversified structured products, demonstrating how ZK solutions are becoming the new norm, driving an open and secure on-chain financial world. This funding round is a strong endorsement of our vision." · Matter Labs Co-Founder and CEO Alex Gluchoski: "We believe ZK is the 'HTTPS moment' for the encryption industry. Just as HTTPS mainstreamed the internet by increasing trust and privacy, ZK will bring a similar turning point to Web3. Grvt is uniquely positioned at the core of this vision." · Further Ventures Managing Partner Faisal Al Hammadi: "Further Ventures is committed to supporting the new generation of financial infrastructure. Grvt's application of zero-knowledge proofs showcases how cutting-edge cryptography supports institutional-grade markets, and we are proud to partner with them to build a borderless financial system." · Eigen Labs Founder and CEO Sreeram Kannan: "Verifiable data drives verifiable computation. With EigenDA reaching 100 MB/s, the bottleneck has shifted from data to computation. Grvt is tackling this frontier head-on, with its team's strength aligning closely with the vision." · 500 Global Partner Min Kim: "We firmly believe that the next frontier of finance will be built on-chain, with privacy being key to unlocking its full potential. Grvt's vision of combining ZK technology with institutional-grade infrastructure aligns well with our support for global entrepreneurs rebuilding the financial system." Looking Forward Grvt is built on a foundation of multiple industry-first innovations—such as offering a -1 basis point maker fee rebate for all orders, a benefit traditionally limited to institutions. Its next step is to immediately launch fixed-income products. This product will ensure all users receive a 10% interest rate return. We will also introduce the flagship market-making strategy, Grvt Liquidity Provider (GLP), which offers retail traders a high double-digit Annual Percentage Rate (APR) fund strategy, a category of strategy previously out of their reach. Against the backdrop of rapid industry growth, this financing round establishes a solid multi-tiered foundation. It combines cutting-edge technology, institutional-grade infrastructure, and a secure data framework to create a platform that solidifies its strong position in the increasingly crowded field of on-chain finance. About Grvt Grvt (pronounced "gravity") is built on the ZKsync technology stack, providing a privacy-preserving, trustless, scalable, and secure on-chain financial infrastructure. Through its decentralized exchange (Grvt Exchange) and investment marketplace (Grvt Strategies), Grvt enables every user to transparently trade and invest alongside global professionals. This article is contributed content and does not represent the views of BlockBeats.
3 Altcoins Crypto Whales Are Buying After Fed’s Rate Cut Decision
Altcoins targeted by crypto whales have suddenly come into focus following the Fed’s 25-bps rate cut. The move wasn’t a surprise, and more easing is expected ahead. Markets finally reacted today to the dovish outlook, but what stands out isn’t the usual gain-and-move trade. Instead, whales, the conviction players, are quietly building positions in a few select tokens. Their accumulation hints at potential upside ahead, backed by strong technicals and a low-rate outlook. EigenCloud (EIGEN) EigenLayer has rebranded its platform under the name EigenCloud, while the token continues to trade as EIGEN. The project is catching unusual attention, especially from big players, after the Fed’s recent rate cuts, making it one of the top altcoins crypto whales are buying right now. On-chain data shows whales have stepped in aggressively over the past 24 hours. Their holdings jumped 6.05%, now at 4.85 million EIGEN. Mega-whales also added, lifting balances by 0.1% to about 1.13 billion EIGEN. At today’s price of $2.04, whales picked up roughly 2,80,000 tokens ($837,000), while mega-whales added about 1.13 million ($2.04 million). EIGEN Whales In Action: Nansen This surge in whale buying could be tied to the broader rate environment. Lower interest rates are often seen as supportive for yield-focused platforms because investors look beyond traditional savings for higher returns. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter On the charts, EIGEN has broken out of an ascending triangle with gains of over 33% in the past 24 hours, a bullish setup that points to continuation. If the price holds above the breakout level of $2.14, targets stretch toward $2.50 and even $3.20. EIGEN Price Action: TradingView Adding to the case, the Smart Money Index (SMI) — which tracks faster traders who look for short-term rebounds — is also rising. While not as aggressive as whale flows, this shows that active traders are positioning cautiously in the same direction, strengthening the overall breakout narrative. Still, risks remain. A dip under $1.73 would weaken the structure, and a move below $1.48 would invalidate the bullish outlook completely. Avantis (AVNT) Avantis is a newly launched token on Base that has quickly become one of the more talked-about plays after the Fed’s recent rate cuts. Over the past 24 hours, AVNT is up nearly 25%, with whales and top addresses piling in aggressively. On-chain data shows whales have boosted their holdings by 11.5%, now sitting at 1.08 million AVNT. That means they picked up about 111,390 tokens, worth around $125,800 at the current price of $1.13. The conviction looks stronger at the top-holder level: the top 100 addresses added 4.78 million tokens, a 0.49% rise, bringing their total to 979.44 million AVNT. In dollar terms, that’s roughly $5.4 million picked up in just one day. AVNT Whales: Nansen On the charts, AVNT is flashing a bullish flag and pole pattern on the 12-hour timeframe. While the setup points to a bold target near $6.30, that figure is best read as an upper extreme rather than a base case. For now, the more immediate level to watch is $1.58. A move above it would further validate the flag breakout and open the way for further upside, even if it falls short of the lofty target. AVNT Price Analysis: TradingView The Smart Money Index (SMI), which tracks fast-moving traders, has also climbed to 1.62. While this indicates growing interest, stronger confirmation of breakout momentum would occur if the SMI pushes above 1.88. That would signal short-term conviction aligning with whale activity. However, risks remain, too, as the bullish hypothesis would be undermined if the AVNT price dips below $0.77. That could push the dip to as low as $0.26, another bold point, but on the downside. Kamino Finance (KMNO) Kamino Finance, a decentralized finance (DeFi) protocol on Solana, has been seeing rising whale activity following the Fed’s recent rate cut. Known for its borrow-lend platform, Kamino Lend, and automated liquidity vaults, Kamino has quietly built momentum as investors search for yield in a lower-rate environment. On-chain data shows whales have stepped up in a big way over the past 24 hours. Their holdings climbed 35.9%, now sitting at 29.39 million KMNO. That means whales added about 7.77 million KMNO, worth roughly $629,000 at today’s price of $0.081. KMNO Tokens And Whale Positioning: Nansen Smart Money flows — traders who tend to act quickly on short-term opportunities — have also jumped, surging more than 1,200% over the same period. This confirms that not only long-term players but also faster-moving traders are positioning into the token. Adding to the case, the Bull-Bear Power (BBP) indicator, which measures the strength of buyers (bulls) versus sellers (bears), is showing that bull power continues to rise even after the latest red candle. This suggests that buyers remain firmly in control of the rally despite short-term pullbacks. On the charts, KMNO has broken out of an ascending channel, with targets stretching as high as $0.13 if momentum continues. But risks remain. If KMNO falls below $0.06, it would invalidate the bullish setup and suggest a deeper correction. Kamino Finance Price Analysis: TradingView The setup suggests that Kamino Finance may be one of the more interesting altcoins crypto whales are buying right now. With whales adding millions, Smart Money flows surging, and bull-bear power leaning strongly toward buyers, KMNO could extend its rally further — provided it holds above key support levels.
Vitalik Buterin defends 43 day Ethereum staking exit queue as $11.3B waits in line, what breaks next
Ethereum co-founder Vitalik Buterin has weighed in on the growing concerns over the network’s staking exit queue, which has now stretched to more than six weeks. In a Sept. 18 post on X, Buterin framed the process as a deliberate design choice rather than a flaw, comparing it to the discipline of military service. According to Buterin, staking is not a casual activity but a commitment to defend the network. In that light, frictions such as exit delays serve as safeguards. “An army cannot hold together if any percent of it can suddenly leave at any time,” he wrote, stressing that Ethereum’s reliability depends on ensuring validators cannot abandon their role instantaneously. However, Buterin conceded that the current design is not perfect. Nevertheless, he argued: “That’s not to say that the current staking queue design is optimal, rather that if you reduce the constants naively then that makes the chain much less trustworthy from the PoV of any node that does not go online very frequently.” Buterin’s remarks echoed the perspective of Sreeram Kannan, founder of restaking protocol EigenLayer. In his own post on Sept. 17, Kannan described Ethereum’s prolonged exit period as “a conservative parameter” that acts as a vital security measure. He explained that the wait time protects against worst-case scenarios, such as coordinated validator attacks where participants might attempt to exit before facing slashing penalties. Considering this, Kannan warned: “Unstaking cannot be instantaneous.” He continued that shortening the process to a matter of days could expose Ethereum to attacks that drain its security assumptions. By contrast, the longer window allows for detecting and punishing malicious behavior such as double-signing. This design ensures that misbehaving validators cannot easily escape accountability. Kannan highlighted that this buffer allows inactive nodes to reconnect and periodically validate the correct fork. He argued that competing forks could each claim to be valid without such a mechanism, leaving offline nodes unable to determine the truth when rejoining. He concluded: “Instead of having a fixed long unstaking period, ethereum engineered its exit queue to be instantaneous if only a small amount of stake withdrew in a given period. But if lot of stake wants to withdraw the queue builds up – worst case to several months.” This strong defense comes at a time when Ethereum’s exit queue has hit historic highs. Data from the Ethereum Validators Queue shows that the unstaking backlog now spans 43 days, with over 2.48 million ETH, valued at approximately $11.3 billion, awaiting withdrawal. The post Vitalik Buterin defends 43 day Ethereum staking exit queue as $11.3B waits in line, what breaks next appeared first on CryptoSlate.
ZKsync-based hybrid DEX GRVT raises $19 million Series A
GRVT, a hybrid decentralized exchange built on the Ethereum scaling layer ZKsync, has raised $19 million in Series A funding. The round was co-led by GRVT’s tech partner ZKsync and Further Ventures, the investment firm backed by Abu Dhabi's sovereign wealth fund that previously led a strategic investment round for the DEX. EigenCloud (formerly known as EigenLayer), a verifiable cloud platform for blockchain applications, and 500 Global are also notable leading backers, according to an announcement on Thursday. "The majority of the funds raised will be dedicated to product development and engineering," the team noted. GRVT (pronounced gravity) is a hybrid DeFi platform that blends the user experience and regulatory compliance of centralized exchanges (CEXs) with the self-custody, privacy, and decentralization of traditional DEXs, positioning itself as the world's first licensed and regulated onchain exchange. It operates as a kind of CeDeFi platform, blending elements of CeFi and DeFi, to create an open, inclusive financial ecosystem where users can trade cryptocurrencies, tokenized real-world assets, and other financial products in a compliant, scalable, and self-custodial environment. "We believe the next frontier of finance will be built onchain, and privacy is a foundational element to unlock its full potential," General Partner at 500 Global Min Kim said. "GRVT’s vision of combining ZK technology with institutional-grade infrastructure aligns strongly with our thesis of backing global founders who are re-architecting core financial systems." GRVT's mainnet alpha launched in late 2024 on the Ethereum Layer 2 network ZKsync. The platform was initially geared towards crypto perpetual trading, but has since expanded into crypto spot and options trading this year. Hong Yea, CEO of GRVT, previously told The Block the startup was pursuing licenses to operate in multiple jurisdictions, including updating its Bermuda crypto business license to operate as a DEX, as well as applying for the EU’s Markets in Crypto-Assets (MiCA) license, Virtual Assets Regulatory Authority license in Dubai, and a capital markets license in Abu Dhabi Global Market (ADGM). It reportedly acquired a virtual asset service provider (VASP) license in Lithuania as early as 2023 . The platform has open interest of about $9 million and $126 million in 24-hour trading volume, according to CoinGecko . With the new capital, GRVT plans to scale its product offerings, including cross-exchange vaults, cross-chain interoperability, options markets, RWAs, and more, the team said. It also plans to tap into EigenDA’s programmable privacy features, a data availability solution used by blockchain apps.
Boundless launches mainnet for verifiable computing, backed by Ethereum Foundation and Base
Key Takeaways Boundless has officially launched its mainnet, enabling decentralized verifiable computing across blockchains. The solution is powered by a Proof of Verifiable Work incentive mechanism, utilizing ZK Coin (ZKC), the native token of Boundless, as an incentive. Share this article Boundless launched its mainnet today to enable verifiable computing across blockchains through its decentralized zero-knowledge protocol. The platform uses a Proof of Verifiable Work incentive mechanism with ZK Coin (ZKC), the native token of Boundless, to operate its network. The protocol has received backing from the Ethereum Foundation, Base, Wormhole, and EigenLayer. More than 30 protocols have integrated Boundless’s proof capabilities since its development, according to the company. The mainnet launch marks the protocol’s transition from development to full operational status for cross-blockchain verifiable computing applications. Share this article
Waller rises: Small-town professor becomes a top candidate for Federal Reserve Chair, with a probability as high as 30%
Author: Ethan (@ethanzhang_web3), Odaily Original Title: Probability as High as 30%, Small Town Professor Waller Becomes the Hottest Candidate for Federal Reserve Chair In the early morning of September 12, East 8th District time, the US federal funds rate market sent a highly explicit signal: the probability that the Federal Reserve will cut rates by 25 basis points at this month's FOMC meeting has reached as high as 93.9%. After five consecutive "holds," the market has finally ushered in a directional shift in monetary policy. Meanwhile, another bet concerning the direction of the Fed over the next two years is quietly advancing: Who will succeed Powell as the next Federal Reserve Chair? On the decentralized prediction platform Polymarket, as of the same day, current Fed Governor Christopher Waller leads the pack with a 30% probability, ahead of the other two "Kevin faction" contenders—Hassett (16%) and Walsh (15%). However, the market also retains a more dramatic possibility: "Trump will not announce a successor before the end of the year" remains the top probability at 41%. This series of data shows that the market is betting in two directions simultaneously: one is the now-consensus path of rate cuts, and the other is the still-uncertain contest for the monetary helm. Between these two, Waller's name repeatedly appears in various trading perspectives and policy games. Why Has the Market Started to "Believe in Waller"? The story of an "atypical Fed Governor": How did a small-town professor get pushed to the forefront? Waller's background and resume stand out in the Fed system. He did not come from the Ivy League, nor did he hold key positions at Goldman Sachs or Morgan Stanley; he was born in a small town in Nebraska with a population of less than 8,000. Starting from Bemidji State University, he earned a bachelor's degree in economics. In 1985, he obtained a Ph.D. in economics from Washington State University and began a long academic career, teaching and researching at Indiana University, the University of Kentucky, and the University of Notre Dame for a total of 24 years. He then spent 24 years in academia researching monetary theory, focusing mainly on central bank independence, tenure systems, and market coordination mechanisms. In 2009, he left academia to join the St. Louis Fed as Director of Research. It wasn't until 2019 that he was nominated by Trump to the Federal Reserve Board of Governors—a nomination process full of controversy and a confirmation that was not smooth. Ultimately, on December 3, 2020, the Senate approved his appointment by a narrow margin of 48:47. Entering the Fed's highest decision-making body at the age of 61, Waller is older than most governors, but this has become an advantage: he has fewer burdens, owes no favors to Wall Street, and having worked at the St. Louis Fed, he knows the Fed is not monolithic—different voices are not only tolerated but sometimes encouraged. This path allows him to have professional judgment while retaining the freedom to express himself, without being categorized as a spokesperson for any faction. From Trump's perspective, such a person may be easier to "use as is"; in the eyes of the market, such a candidate means "less uncertainty." However, in a game of power transition intertwined with bureaucracy and political will, Waller is not the kind of candidate naturally favored by the market. His career trajectory is relatively academic and technical, not known for public rhetoric, nor does he frequently appear on financial television. Yet it is precisely this kind of person who has gradually become the "consensus candidate" frequently mentioned in various market tools and political commentaries. The reason lies in his triple compatibility: First, his monetary policy style is flexible but not speculative. Waller is neither a typical "inflation hawk" nor a proponent of monetary easing. He advocates that policy should move with economic conditions: in 2019, he supported preemptive rate cuts to avert recession; in 2022, he favored rapid rate hikes to curb inflation; and in 2025, against the backdrop of economic slowdown and falling inflation, he was among the first Fed governors to vote for rate cuts. This "non-ideological" policy style is particularly scarce in the current highly politicized Fed landscape. Second, his political relationships are clear, and his technical image is extremely clean. Waller was nominated by Trump in 2020 as a Fed governor and is one of the few monetary policy officials within the Republican system who can achieve "technical neutrality" and "political compatibility." He is neither seen as "Trump's confidant" nor rejected by the party establishment. This unique middle-ground positioning gives him broader political maneuvering space amid fierce partisan competition. Unlike Hassett, who has a clear stance and strong factional colors, or Walsh, who has close ties to Wall Street, Waller displays a purer technocratic quality. He is more easily seen as "a trustworthy professional." In the context of highly polarized American politics, this de-ideologized, professionally competent image makes him a stable and easily accepted appointee by all sides. Third, his attitude toward crypto technology is "tolerant" within the system. Waller is not a so-called "crypto believer," but he is one of the most vocal people in the Fed system on topics such as stablecoins, AI payments, and tokenization. He does not advocate government-led innovation and opposes CBDC, but supports private stablecoins as tools to improve payment efficiency, proposing that "the government should build the infrastructure like highways, and leave the rest to the market." Between traditional finance and digital assets, compared to the other two candidates, he may be the only Fed official to clearly send a "public-private collaboration" signal. Sensitivity and Sense of Timing: He Knows When to Speak and When to Stay Silent This July, the Fed held its summer FOMC meeting. Although the market generally expected rates to "remain unchanged," the meeting saw a rare scene: Waller and Michelle Bowman, two governors, cast dissenting votes, advocating for an immediate 25 basis point rate cut. Such "minority dissent" is uncommon within the Fed. The last similar situation occurred in 1993. Two weeks before the vote, Waller had already expressed his position at a central bank seminar at New York University. His public speech clearly advocated that "current economic data supports moderate rate cuts." On the surface, this was a technical "advance communication"; but in terms of timing, it was a release of political signals. At the time, Trump had a love-hate relationship with Powell, repeatedly attacking him on Truth Social and demanding "immediate rate cuts." Waller's vote and speech neither fully aligned with the president nor provided cover for Powell. He stood perfectly between "policy adjustment" and "technical independence." In a highly politicized Fed environment, a governor who can strike such a balance and knows when to make a statement appears to have more leadership qualities. Trump criticizes Powell for "poor and incompetent" performance in managing the construction of the Federal Reserve building If He Takes Office, How Should the Crypto Market React? For the crypto market, "who steers the Fed" has never been mere gossip, but a triple reflection of policy expectations, market sentiment, and regulatory pathways. If this time, Waller really becomes the Chair, we need to seriously consider how three types of players will reprice the future. First, for stablecoin issuers and the compliance track, it is the large-scale opening of a "regulatory dialogue window" Waller has repeatedly made it clear in speeches that he opposes central bank digital currency (CBDC), saying it "cannot solve the market failures of the current payment system," and instead emphasizes the advantages of private stablecoins (such as USDC, DAI, PayPal USD, etc.) in improving payment efficiency and cross-border settlement. He stresses that regulation should come from "congressional legislation rather than agency overreach," calling for "these new technologies not to be stigmatized." This means that if he becomes Chair, projects like Circle, MakerDAO, and Ethena may usher in a "period of institutional path certainty," no longer always in the gray area between the SEC and CFTC. More importantly, Waller's philosophy of "market-led, government paving the way" may prompt the Treasury, FDIC, and other supporting agencies to jointly develop a stablecoin regulatory framework, promoting the implementation of policies such as "licensing, reserve standardization, and information disclosure standardization." Second, for main chain assets like BTC and ETH, it is a "sentiment boost + regulatory easing" mid-term umbrella Although Waller has not publicly praised bitcoin or ethereum, he stated in 2024: "The Fed should not pick sides for the market." Although brief, this means the Fed will not actively "suppress non-dollar systems" as long as they do not touch the bottom lines of payment sovereignty and systemic risk. This will provide BTC and ETH with a window of "relatively mild regulatory cycle." Even if the SEC may still question their security attributes, if the Fed does not push for CBDC, does not block crypto payments, and does not intervene in on-chain activities, then market speculation and risk appetite will naturally improve. Simply put, in the "Waller era," bitcoin may not receive "official endorsement," but will enjoy the natural benefit of "regulatory tailwinds easing." Third, for developers and DeFi native innovators, it is a rare window of "central bank dialogue partner" Waller has mentioned "AI payments," "smart contracts," and "distributed ledger technology" on multiple occasions this year, stating: "We may not necessarily adopt these technologies, but we must understand them." This stance is completely different from many regulators who avoid or denigrate crypto technology. This opens up an extremely important space for developers: not necessarily to be accepted, but at least no longer to be excluded. From Libra to USDC, from EigenLayer to Visa Crypto, generations of developers and central bank regulators have been stuck in an "awkward parallel universe." If Waller takes office, the Fed may become the first central bank leader "willing to talk to DeFi natives." In other words, crypto developers may usher in a starting moment for "policy negotiation rights" and "financial discourse power." Conclusion: Prediction Markets Price the Future, Chair Candidates Price the Direction Whether "Waller will be the new Chair" is still undetermined. But the market has already started trading on "how he would price the future if he became Chair." And the prediction market's 31% bet on him continues to climb, far surpassing his competitors. At this juncture, what is certain is that rate cut expectations are moving toward realization; the crypto industry is seeking a policy breakthrough; and dollar assets are in a global "US Treasury issuance increase – high interest rates – risk appetite recovery" triangular game. As a "successor" who is politically acceptable, policy predictable, and market-imaginable, Waller naturally becomes the focus of bets. But perhaps there is another topic worth watching: If he ultimately does not become Fed Chair, how will the market readjust these expectations? And if he really takes office—perhaps the "next-generation dollar system" ranking race is just beginning.
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