Bitcoin Eyes $70,000, Vitalik Buterin Outlines Ethereum 'Scourge' Upgrade
Bitcoin approached $70,000 at the start of the Asian morning before retreating and the jump led to gains among the broader crypto markets. Ethereum creator Vitalik Buterin proposes the 'Scourge' upgrade amid centralization risks. Plus, Bored Ape Yacht Club's ApeCoin doubled in value over the weekend following the debut of the highly anticipated blockchain network ApeChain. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
Len Sassaman-Themed Memecoins Surge Ahead of HBO Bitcoin Creator Documentary
Len Sassaman-themed tokens have started to populate as the late cryptographer is widely believed on Polymarket to be identified as Bitcoin's pseudonymous creator in the upcoming HBO documentary. LEN tokens on Solana and Ethereum were issued by opportunistic traders and skyrocketed over the weekend. CoinDesk's Christine Lee presents the "Chart of the Day."
Private Transactions Surge on Ethereum
A growing number of Ethereum users are choosing to transact privately on the blockchain, relying on so-called dark pools to avoid trading bots set up to front-run transactions. According to new research compiled by Blocknative, private transactions now account for about half of the total on Ethereum in terms of the total gas usage. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Many DeFi Protocols 'Flagrantly Disregard' Regulations: Gavin Wood
Ethereum co-founder and Polkadot creator Gavin Wood shares insights on why superficial decentralization will not indefinitely suffice. Plus, how many DeFi protocols that ignore the rules will have regulators knocking on their door.
Gavin Wood on the Problem With Layer 1s
Ethereum co-founder and Polkadot creator Gavin Wood explains the lack of desire to build projects that are valuable in the long-term. Plus, why developers are seeing "huge amounts of money go behind L1s that...probably don't have much of a future."
Polkadot Creator on Permissionless Code Deployment
Ethereum co-founder and Polkadot creator Gavin Wood breaks down the development of JAM and its ability to deploy code beyond smart contract code. Plus, how JAM can provide an environment that can host financial, voting and governance applications.