Hmm... This 'Hack' Looks Weird 👀
In today’s edition: 📊 TVS vs. TTV: Oracle metrics debate heats up, 🏎 New proposal to boost Ethereum's throughput by 50%, and more!
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What’s Poppin’?
by Tikta and Sage D. Young
EigenLayer Says $5.5 Million Hack From ‘Compromised’ Email Thread Is An ‘Isolated Incident’
A malicious actor compromised an email thread between an investor and EigenLayer’s custodial service resulting in over 1.6 million EIGEN tokens being erroneously transferred to the attacker’s address.
Crypto Twitter Spars Over How to Assess Oracles: Is Total Value Secured Better?
While total value secured has been the primary metric to track oracle adoption, a Blockworks Research report, funded by oracle provider Pyth, suggests total transacted value as a better metric, which would place Pyth above its rival Chainlink.
EIP-7781 Aims to Boost Ethereum Throughput by 50%
A new Ethereum Improvement Proposal calls for lowering the network’s slot time, increasing blobs per block, and scaling layer 1 performance.
Earn bitcoin on Gemini here.
Bitcoin’s Price Dropped After Iran’s Attack on Israel. Is ‘Uptober’ Canceled?
With geopolitical tensions rising in the Middle East, how does bitcoin react to global risk events? And is ‘Uptober’ still on the table?
October started with hopes for “Uptober” in the Bitcoin community, a positive price trajectory in October, since historically, bitcoin has performed well this month. But things took a turn when geopolitical tensions in the Middle East escalated, raising concerns about how that could affect bitcoin’s price this month.
In this episode, André Dragosch, head of research for Europe at Bitwise, talks about how bitcoin typically responds to geopolitical shocks, whether this could present a buying opportunity, and how major events like the US elections might shape bitcoin’s future.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
Daily Bits… ✍️✍️✍
🇦🇪 The UAE has made cryptocurrency transactions exempt from paying value-added tax (VAT). It applies retroactively from 2018, aligning digital assets with traditional financial services and further legitimizing the virtual asset sector.
📜 Coinbase is working to comply with the European Union's MiCA regulations and will delist unauthorized stablecoins, like Tether, that have not secured the necessary e-money licenses in the region by the end of December.
🔥 A Solana memecoin developer who set himself on fire to promote his project decided to quit after months of recovery, expressing regret over not profiting from the venture and lamenting the collapse of his team.
🚨 IcomTech founder David Carmona has been sentenced to nearly 10 years in prison for orchestrating a cryptocurrency Ponzi scheme. The scheme targeted working-class investors by promising false returns through crypto mining.
🎮 Magic Eden and Ubisoft teamed up to launch an NFT collection on Arbitrum based on Netflix’s "Captain Laserhawk: The G.A.M.E," giving users access to game rewards and governance influence within the multiplayer shooter.
The $$$ Corner…
💸 Sol Strategies, formerly Cypherpunk Holdings, plans to reinvest capital recovered from FTX into the Solana ecosystem, further expanding its SOL holdings.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 1.4%, trading at $62,717
ETH is up 1.2%, trading at $2,443
BTC dominance: 54.24%
Crypto market cap: $2.29T
*All data as of today, 07:12 am ET. Source: CoinGecko
Recommended Reads
DL News: Bitcoin should be going to the moon. So why is it still on the launch pad?
Bloomberg: Who Is Ross Ulbricht, the Man Trump Wants to Release From Prison?
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