The Ethereum Foundation just sold 1700 $ETHsAccording to on chain data, the Ethereum Foundation received 1700 $ETHs from Safe Multi Sign Wallet 0xbC9a9 approximately 30 minutes ago and exchanged these $ETHs for nearly 2.74 million $USDCs through Uniswap
The Ethereum Foundation just sold 1700 $ETHs
According to on chain data, the Ethereum Foundation received 1700 $ETHs from Safe Multi Sign Wallet 0xbC9a9 approximately 30 minutes ago and exchanged these $ETHs for nearly 2.74 million $USDCs through Uniswap. Subsequently, the multi signed address once again sent 490000 $USDCs to the Ethereum Foundation.
Data shows that the price of $ETH has slightly decreased, currently below 1600, and the current price is $1583.47.
The total trading volume of the top exchanges exceeded $400 billion last week, an increase of 15.8%
The TokenInsight data chart shows that after two consecutive weeks of low trading volume, the total trading volume of the top exchanges last week (October 1-October 7) returned to over $400 billion, reaching approximately $435.7 billion, an increase of approximately 15.8% compared to the previous week. In addition, the spot trading volume on the top exchanges last week was approximately $73.54 billion, an increase of approximately 18.8%, while the derivative trading volume was approximately $362.18 billion, an increase of approximately 15.2%.
The total trading volume of the Top5 exchange last week was:
- Binance: 22.58 billion US dollars, an increase of 18.3% compared to the previous week, with a market share of 52.33%;
- OKX: $74.21 billion, an increase of 6.7% compared to the previous week, with a market share of 17.45%;
- Bybit: $61.25 billion, an increase of 19.0% compared to the previous week, with a market share of 14.40%;
- Coinbase: $5.87 billion, an increase of 20.8% from the previous week, with a market share of 1.38%;
- Bitget: 29.59 billion US dollars, an increase of 14.9% compared to the previous week, with a market share of 6.96%.
VitalikButerin proposes a new dual tier pledge mechanism for Ethereum, reducing the threshold for participating in pledge nodes
VitalikButerin has proposed an innovative proposal aimed at improving the Ethereum pledge mechanism. He pointed out the centralization problem caused by selecting node operators in various pledge pools and believed that the current Layer1 consensus mechanism has efficiency issues.
Buterin proposed a new dual tier pledge mechanism. The first layer is a highly complex and punitive layer with frequent activities but limited participants (approximately 10000 people), while the second layer is a low complexity layer where members can occasionally participate and face minimal or no penalty risk.
This new model will involve modifying the upper limit of the verifier's balance and implementing a balance threshold to divide these levels.
Buterin's new proposal aims to address the centralization issue of Ethereum by providing meaningful ways for those who do not have sufficient resources to pledge separately, and to reduce the transaction processing burden on the Ethereum consensus layer, making it easier for everyone to run verification nodes.
The metaverse platform ZTX will launch tokens on October 16th, with 4% to be used for Genesis airdrops
The metaverse platform ZTX announced that it will launch the $ZTX token on October 16th and launch a Genesis airdrop$ ZTX tokens can be used for community governance, purchasing in-game assets, and accelerating game progress. In addition, the platform will also adopt a token buyback program, including destruction (reducing total supply), providing rewards to players (incentive pools), and providing funds for the treasury.
The total supply of $ZTX is 10 billion pieces, with early investors and advisors allocating 5.5%, ZEPETO allocating 9.5%, core team allocating 16%, community fund allocating 10%, initial $ZTX liquidity 1%, Genesis air casting accounting for 4%, X2ERewards allocating 35%, ZTX Foundation treasury allocating 15%, and MM liquidity allocating 4%.
Previously, the South Korean metaverse platform Zepeto and the metaverse platform ZTX established by JumpCrypto completed a seed round financing of $13 million. JumpCrypto led the investment in this round, with Collab+Currency, Paradoxis, MZWeb3Fund, EverestVenturesGroup and others participating.
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