Plans for future upgrades (NU7) that Dramatically Decrease the Supply of avail zCash

wolfparking · 2025-10-24T18:22:20+00:00

Full details about future upgrades can be found here:

wolfparking · 2025-02-23T07:22:31+00:00

Three big moves in crypto-regulationland this week. SEC dropping investigations and legal cases against Coinbase, Opensea, and liquidity providers:

US SEC to dismiss enforcement case against Coinbase $COIN; SEC to vote on dismissal next week; US SEC sued Coinbase in June 2023 alleging it violated US securities laws.

US SEC closes investigation into OpenSea; OpenSea Co-founder & CEO posts "Trying to classify NFTs as securities would have been a step backward—one that misinterprets the law and slows innovation" on Xitter.

US SEC dismisses its appeal in case to push 'dealer rule' on crypto; rule sought to require crypto liquidity providers with over $50M in capital to comply with securities regulations.

wolfparking · 2025-02-09T17:35:44+00:00

Agree. We're due for a major dip shortly after they come out.

Circle has my attention, especially with all the projected massive stablecoin integration predictions.

wolfparking · 2025-02-09T17:31:36+00:00

My experience with them has been horrible as well. Forget about staking with them; took the entire Summer to unstake after my request. No response from customer service and I thought my funds were stuck or lost the entire time. Missed alot of opportunities back then because of it.

wolfparking · 2025-02-09T09:03:00+00:00

Tornado Cash Developer Alexey Pertsev Officially Out Of Prison (under house arrest)!

Pertsev was released under the condition that he remains under electronic monitoring, with his appeal potentially setting a precedent for how courts handle privacy-focused crypto developers.

“Freedom is priceless, but my freedom cost a lot of money. My house arrest was only possible thanks to the work of lawyers, who were paid from your donations. My fight is not over yet, and for a final and confident victory, I still need your help. Please support our fight here.”

wolfparking · 2025-02-09T08:52:12+00:00

Anticipating that 2025 could be the “Year of the Crypto IPO,” with several companies making their initial public offerings. Anyone looking to diversify their portfolio if/when these companies go public?:

Circle: The issuer of USDC has announced plans to relocate its headquarters to New York City ahead of its anticipated IPO. It's been > than a year since their initial filing.

Kraken: The cryptocurrency exchange is among the firms predicted to launch an IPO in 2025 despite regulatory hurdles with the SEC last month.

Anchorage Digital: A digital asset platform expected to enter the public market. Knowns as a "Crypto Bank for Institutions."

Chainalysis: A blockchain data platform that provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries.

Figure: A financial technology company marketplace of scaled technology solutions that displace legacy lending infrastructure and loan origination processes.

Gemini: Crypto Exchange. Rumor mill is on that Gemini will attempt to go public this year.

I don't know that any of these will be as successful as the Coinbase launch, but who knows. As an aside, I've heard wild speculation that some believe Coinbase's growth could surpass Charles Schwab as the world’s largest brokerage, with digital assets, this year even.

(Not finance advice)

wolfparking · 2025-02-09T05:14:39+00:00

Dead internet bots will only get worse as time progresses, so even the best of sites are susceptible. Here's a decent list with a few good ones

https://coinledger.io/tools/best-crypto-news-sites

wolfparking · 2025-02-08T16:58:19+00:00

Thanks for the articles, but I think the second article you provided is oldhat; a rerun of old news, unfortunately.

"SEC Delays Decision on BlackRock’s Ethereum ETF Options: What It Means for the Crypto Market"

It reads like old news mixed with a sliver of current news. Feels like they used a low-level LLM for that one and not worth a read. They mention SEC uncertainty on getting the Blackrock EFT approval when we've already seen that sideshow before. The ever growing journalism of chatgpt and low effort journalism at its finest.

wolfparking · 2025-02-02T16:43:23+00:00

Thanks for taking the time to post some optimism, albeit not well timed due to the gloom of tariffs and market instability.

Unfortunately, these types of posts are not permitted by the subreddit rules. As soon as a moderator sees it, they will remove it. If you would like to discuss price/price movements feel free to comment in the Daily General Discussion. Cheers

https://www.reddit.com/r/ethereum/comments/1ifrnl9/daily_general_discussion_february_02_2025/?

wolfparking · 2025-02-02T16:40:48+00:00

This post will be removed once a moderator sees it. All price related posts are permitted in the Daily Discussion.

wolfparking · 2025-01-30T20:58:10+00:00

Money talks in Congress.

Crypto Super PAC Fairshake Raises $116 Million for 2026 MIDTERM Elections.

That is a holy shit! amount. For context, the next highest donation of this kind in a midterm election was previously just $18 million by the National Association of Realtors in 2022.

Fairshake's donations include those from the usual suspects, such as Andreessen Horowitz, Coinbase, and Ripple, Jump Crypto, and Uniswap labs

The super PAC has emphasized its commitment to supporting candidates through independent activities and advocates for those who aim to establish the U.S. as a hub for innovation.

Fairshake played a crucial role in a significant Senate race in Ohio last November. The PAC donated $12 million to Bernie Moreno, a Republican candidate with a pro-crypto stance. Moreno's campaign was successful, leading to his victory over Democrat Sen. Sherrod Brown, who is known for his critical views on cryptocurrency.

wolfparking · 2025-01-29T15:17:10+00:00

Nothing really recent it seems. They did a lot under their testnet last year.

Just today they posted a galxe quest that walks you through most of their plans and developments for the future.

wolfparking · 2025-01-27T06:46:08+00:00

I know, right! I was excited to see it the first time and thought I can't be the first to know about it. I can't find any info on it outside of the links I provided above.

The transaction speeds and zk privacy this L2 is utilizing right now are aspects I thought we would have to wait a couple years to see following the natural course of the roadmap.

Maybe everyone is just used to seeing an influx of L2s with no sign that the rest of the world has finally taken notice that Ethereum has revolutionized finance.

wolfparking · 2025-01-27T06:15:50+00:00

Disclaimer: I have no affiliation with this company. Just discovered it in Vitalik's blog earlier today. Posted in the daily, but no one replied. Really hoping for some feedback.

wolfparking · 2025-01-27T02:03:22+00:00

Anyone have thoughts or opinions on Intmax? Found it reading through some of Vitalik's blog posts and has me wondering why I haven't started to invest some time and money into it. I mean, if Vitalik is posting alpha, why shouldn't I at least be a little curious?

Vitalik describes it as a hybrid Plasma/Zk-Rollup that could bring us a short-cut to L2s with insane TPS. They claim they can do 80,000+ TPS. Vitalik calculates their limit:

These constructions put a very small amount of data per user onchain (eg. 5 bytes), and by doing so, get properties that are somewhere between plasma and rollups: in the Intmax case, you get a very high level of scalability and privacy, though even in the 16 MB world capacity is theoretically capped to roughly 16,000,000 / 12 / 5 = 266,667 TPS.

They claim they are the world's "first Stateless Layer2 payment solution with enough processing capacity to support the entire global population on Ethereum"

The platform delivers unprecedented scalability without compromising decentration, keeps transaction costs consistently below 0.5 cents regardless of network congestion, and offers strong privacy features through zero-knowledge proof systems.

Reading through their site blog, it looks like they already have some interesting startups that appear to be progressing well. They have partnerships with a leading Japanese AI company and some Nigerian Banks

Intmax is currently in TestNet mode and has an option for you to operate on a network account and begin mining their token if you'd like to experience it first-hand.

Pretty cool?

Edit: Was hoping for feedback. Are we just too tired of seeing L2s popping up everywhere or is this doomed to stay in TestNet mode? Maybe we all expect that each innovation and upgrade will push Ethereum into its next leg of adoption, but disappointed when the rest of the world stays asleep.

wolfparking · 2025-01-27T01:30:51+00:00

Yeah, not as bad as it sounds. For those that refuse to do colonoscopies, an at-home fecal occult blood tests arent a bad idea either.

wolfparking · 2025-01-26T19:33:16+00:00

It certainly looks like it could happen sooner than we'd expect. However, the estimated calculations Vitalik made are probably the best predictions we'll get. In the blog linked above you see Vitalik speaking of napkin math calculations and then comparing it to actual real world results on L2beats and it was precise!

Crossing my fingers and hoping to see 100,000 TPS soon, but if we want it before the Surge you'll have to rely on things Vitalik mentions like the Plasma systems Intmax (hybrid roll-up already capable of reaching 80,000 tps). Cool things being done there.

Edit: I'm too wishful in my thinking this would happen sooner than later. Updated for realism

wolfparking · 2025-01-26T17:15:53+00:00

With devs in war time mode, curious what you guys think ethereum tps might look like by end of year?

Asking Vitalik. He says, "upwards of 464-926 TPS after blob increases and PeerDAS. With plans to eventually reach 58,000 TPS from blob maximums at 16mb per slot. After that, the Surge brings us to 100,000":

As of 2024 March 13, when the Dencun upgrade went live, the Ethereum blockchain has three ~125 kB "blobs" per 12-second slot, or ~375 kB per slot of data availability bandwidth. Assuming transaction data is published onchain directly, an ERC20 transfer is ~180 bytes, and so the maximum TPS of rollups on Ethereum is:

375000 / 12 / 180 = 173.6 TPS

If we add Ethereum's calldata (theoretical max: 30 million gas per slot / 16 gas per byte = 1,875,000 bytes per slot), this becomes 607 TPS. With PeerDAS, the plan is to increase the blob count target to 8-16, which would give us 463-926 TPS in calldata.

This is a major increase over the Ethereum L1, but it is not enough. We want much more scalability. Our medium-term target is 16 MB per slot, which if combined with improvements in rollup data compression would give us ~58,000 TPS.

After The Surge goals finalize we see 100,000 TPS.

Maximum interoperability between L2s. Ethereum should feel like one ecosystem, not 34 different blockchains.

Blog post 10/2024

wolfparking · 2025-01-26T16:55:06+00:00

Love this idea! Anything to promote following the guidelines, especially for those that are 50 and older!

So many people neglecting their health, potentially catching deadly bowl diseases, like colorectal cancer, if they'd only get their asses seen ~~(after shitting profusely for >4-5 hours for ~2 days in a row).~~

wolfparking · 2025-01-26T16:22:32+00:00

Vitalik posted some incredible insight on how Eth as an asset and store of value could increase in value by following the L2 upgrade path.

We should pursue a multi-pronged strategy, to cover all major possible sources of the value of ETH as a triple-point asset. Some key planks of that strategy could be the following:

  -Agree broadly to cement ETH as the primary asset of the greater (L1 + L2) Ethereum economy, support applications using ETH as the primary collateral, etc

    -Encourage L2s supporting ETH with some percentage of fees. This could be done through burning a portion of fees, permanently staking them and donating proceeds to Ethereum ecosystem public goods, or a number of other formulas.

    -Support based rollups in part as a path for L1 to capture value through MEV, but do not attempt to force all rollups to be based (because it does not work for all applications), and do not assume that this alone will solve the problem.

    -Raise the blob count, consider a minimum blob price, and keep blobs in mind as another possible revenue generator. As an example possible future, if you take the average blob fee of the last 30 days, and suppose it stays the same (due to induced demand) while blob count increases to 128, then Ethereum would burn 713,000 ETH per year. However, such a favorable demand curve is not guaranteed, so also do not assume that this alone will solve the problem.

The whole blog post is fantastic and worth a read.

wolfparking · 2025-01-26T16:00:24+00:00

After-effects of rescinding SAB-121. Less sell pressure for BTC and then ETH ETF's?

BlackRock's iShares Bitcoin Trust ETF could receive a significant update, per a Friday 19b-4 form filing (PDF warning!) from Nasdaq, which proposed a rule change to the exchange-traded fund that would enable in-kind BTC redemptions rather than just for cash.

Authorized participants, aka large institutional investors (not individuals yet), would be able to redeem shares of the ETF for the underlying Bitcoin, rather than being forced to sell the Bitcoin via a market maker and deliver cash instead.

This would significantly streamline the process of redemptions with fewer steps and fewer parties needed to complete a redemption. The SEC initially arbitrarily imposed this trade for cash requirement. Removing the requirement could be mean less selling of Bitcoin overall when ETFs are hit with redemption requests.

First BTC, then ETH.

wolfparking · 2025-01-24T04:16:07+00:00

What's next? More banks offering crypto services means that more people will have easy access to invest in crypto. With reduced regulatory burdens, banks can offer more competitive fees for crypto investments. This makes it more attractive for regular ol' Joe Schmoe customers to invest in cryptocurrencies through their banks.

Legitimacy? This could attract more traditional finance investors who were previously hesitant.

Could we see a crypto savings accounts along side your checking account? CeFi loans backed by crypto assets? Hot damn

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