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Ethereum Foundation Warns of Potential Cryptocurrency Wallet Disruptions

The Ethereum Foundation (EF) has warned of potential disruptions to crypto wallets and related software due to the upcoming "Glamsterdam" network upgrade, which will change Ethereum's gas fee model. In an August 17 announcement, developers cautioned that wallets, indexers, and fee estimation tools, particularly those with hardcoded maximum gas limits, risk breaking and will require updates. The issue stems from EIP-8037, introducing a new "state-gas" dimension for operations that create new state, such as sending ETH to a new address. While a standard transfer to an existing address will remain 21,000 gas, sending to a new address will incur an additional cost. Developers urged a review of smart contracts and code that assume 21,000 gas covers any ETH transfer or that calculate fees based solely on gas quantity. Developers are advised to test their systems on the public testnet "Plataberget," launched on August 13, 2026, where the Glamsterdam activation is scheduled for August 20. A one-month feedback and client software update phase will precede testing on the Sepolia and Holesky testnets before the mainnet launch.

cryptonews.ruDün 08:22

Ethereum Foundation Warns of Potential Cryptocurrency Wallet Disruptions

cryptonews.ruDün 08:22

DeFiLlama Founder Empties Own Wallet to Force Apple to Remove Fake App

The anonymous founder of DeFiLlama, 0xngmi, revealed he had to let a fake DeFiLlama app from the Apple App Store steal a small amount of cryptocurrency from his own wallet to prove it was fraudulent, after months of ignored trademark violation reports. Apple removed the app only after receiving this evidence. The fake app was a simple clone designed solely to steal users' secret recovery phrases. The founder disclosed the incident to warn other crypto teams, noting that scammers used defunct small businesses to pass Apple's verification. This prompted DeFiLlama to delay its official app launch until all clones were removed. The report highlights a broader issue of fraudulent apps and ads, citing similar incidents where users lost significant funds through cloned exchange platforms and fake Google ads.

cryptonews.ru08/15 20:12

DeFiLlama Founder Empties Own Wallet to Force Apple to Remove Fake App

cryptonews.ru08/15 20:12

Tomorrow Marks the Largest Token Unlock in the History of a Controversial Altcoin

The token $YZY, associated with Kanye West, is set for its largest-ever token unlock on August 16. A total of 120.83 million tokens (worth approximately $35.26 million) will be released, representing 12.08% of the token's total 1 billion supply. This massive influx of new supply raises concerns about increased selling pressure on the token, which has already fallen roughly 90% from its all-time high of $2.95. The current market cap of the project is approximately $87 million. Furthermore, the unlock schedule indicates monthly releases of tokens worth around $8.51 million are planned to continue until July 2027.

cryptonews.ru08/15 14:01

Tomorrow Marks the Largest Token Unlock in the History of a Controversial Altcoin

cryptonews.ru08/15 14:01

Kospi Index Drops Below 5,600 Mark Amid Record-Breaking Double Trigger of Circuit Breaker, While Bitcoin Price Surpasses $64,000

South Korea's stock market experienced unprecedented volatility as both the Kospi and Kosdaq indices triggered circuit breakers for two consecutive days. The Kospi plunged over 8% on Wednesday, falling below 5,600 points, following an over 8% drop the previous day. This historic dual halt was primarily driven by massive sell-offs in heavyweight semiconductor stocks like Samsung Electronics and SK Hynix. The selling pressure persisted despite SK Hynix reporting a 557% surge in quarterly profit, as the results failed to meet inflated market expectations fueled by AI-driven demand, highlighting a disconnect between stock valuations and fundamentals. In contrast, Bitcoin diverged from the equity market downturn. After initially dipping to around $63,000 amid the Kospi's fall and broader macroeconomic concerns, it rebounded to surpass $64,400 within 24 hours, even as South Korea's second circuit breaker was triggered. This marks a second instance in a week where Bitcoin held ground during an AI-related stock sell-off, suggesting its previously tight correlation with semiconductor and tech stocks may be weakening. Analysts note the relationship is complex and driven by shared investor bases rather than direct causality. The ongoing pressure on chip stocks, which dominate the Kospi index, raises the risk of further market halts before stability can return.

cryptonews.ru07/29 10:41

Kospi Index Drops Below 5,600 Mark Amid Record-Breaking Double Trigger of Circuit Breaker, While Bitcoin Price Surpasses $64,000

cryptonews.ru07/29 10:41

Activity Rivals Base, Robinhood Chain Competes for Financial Super App

Robinhood Chain, a new Ethereum Layer 2 network built on Arbitrum Orbit, has launched as Robinhood enters the "super app" competition to bridge traditional finance and crypto. The network has rapidly gained traction, attracting over $200M in bridged ETH and generating $1.94M in transaction fees in its first month. Activity is primarily driven by memecoin trading, $430M in stablecoin liquidity (including its native USDG), and tokenized stock offerings. The network's economic model is highly profitable for Robinhood. Of the total fees collected, approximately 89% ($1.73M) is retained by Robinhood, with about 10% ($193k) paid to Arbitrum and less than 1% ($12k) to Ethereum for data availability and settlement. This mirrors the trend seen on other major L2s like Base, where the app-chain captures the vast majority of value generated by user activity. While initial momentum is strong, the key question is whether this activity can evolve into sustainable demand for Robinhood Chain's core focus areas: tokenized real-world assets (RWA) and round-the-clock on-chain financial services.

Foresight News07/27 12:56

Activity Rivals Base, Robinhood Chain Competes for Financial Super App

Foresight News07/27 12:56

More Accurate Than Brokerages? TradeXYZ Priced CXMT Ahead of Its IPO

TradeXYZ, a decentralized trading platform, accurately predicted the market debut price of CXMT (ChangXin Memory Technologies) on China's A-share STAR Market. On July 27, CXMT listed with a staggering opening market cap of 3.31 trillion RMB (approx. 3.28 trillion USD at the time). Prior to this, TradeXYZ had launched a pre-IPO perpetual contract for CXMT. During the pre-IPO period, the contract price closely mirrored final market expectations, with an opening price discrepancy of less than $0.20 compared to the A-share listing. This success demonstrated TradeXYZ's growing capability in price discovery for major global IPOs, offering global investors a novel channel to gain exposure to assets like A-shares without traditional market barriers. However, a brief discount emerged post-listing due to a controlled transition in the platform's oracle price feed mechanism. On-chain data revealed significant trading activity, with notable profits for early bulls and losses for a major "whale" short-seller. Regional wallet analysis showed a predominance of long positions from US and Greater China wallets, while Korean-labeled wallets were net short.

Odaily星球日报07/27 09:21

More Accurate Than Brokerages? TradeXYZ Priced CXMT Ahead of Its IPO

Odaily星球日报07/27 09:21

How 40.8M staked ETH could strengthen Ethereum’s edge over Bitcoin

Ethereum is showing signs of strengthening against Bitcoin, driven by two key trends. First, significant whale accumulation is occurring, with large holders not just buying ETH but immediately staking 100% of it. This locks away supply, signaling long-term conviction. Ethereum's total staked ETH has reached a record 40.8 million, with a growing entry queue and 33.5% of supply now staked, further tightening liquid availability. Second, Ethereum's DeFi ecosystem is experiencing robust activity, with WETH whale transactions at a multi-year high and Total Value Locked (TVL) rising sharply. These converging factors—reduced supply from staking and increased on-chain demand—are translating into technical strength. The ETH/BTC ratio has broken above resistance and is approaching the 0.03 level, setting the stage for potential continued outperformance against Bitcoin.

ambcrypto07/21 16:04

How 40.8M staked ETH could strengthen Ethereum’s edge over Bitcoin

ambcrypto07/21 16:04

When China's Crypto Tycoons Start Buying Gold

Chinese crypto billionaires are increasingly turning to gold as a traditional safe-haven asset, signaling a strategic shift from digital to tangible wealth preservation. Wu Jihan, co-founder of Bitmain and Bitdeer, acquired Singapore’s high-security Le Freeport vault for S$40 million—a facility offering tax-free storage for gold, art, and luxury assets. This move aligns with a broader trend among Asian ultra-wealthy individuals and institutions seeking asset protection amid market volatility and geopolitical uncertainty. Meanwhile, Fujian-based entrepreneur Zhan Ketuan, through Antalpha and in partnership with Tether, is pioneering a "tokenized gold" system. Tether holds ~80 tons of physical gold in Swiss vaults, backing the XAU₮ token, which enables fractional ownership, liquidity, and collateralization—effectively modernizing gold’s role in finance. As gold prices surged past $4,000/oz in 2025, driven by central bank accumulation, Asian private wealth, and crypto-led financial innovation, these developments highlight gold’s evolving function: as a sovereign hedge, a intergenerational store of value, and a programmable asset in the digital age.

深潮12/09 03:00

When China's Crypto Tycoons Start Buying Gold

深潮12/09 03:00

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