The Federal Reserve is shutting down its ‘novel activities supervision programme,’ introduced in August 2023 to monitor banks providing services like deposits, payments, and lending to crypto firms and fintech companies. The Fed stated the program has met its objectives, enabling better risk management insights, and will now integrate crypto oversight into standard banking supervision. This decision aligns with a wider regulatory easing under the Trump administration, including the SEC dropping enforcement actions and Treasury officials backing a national crypto reserve. Additionally, Treasury Secretary Scott Bessent has advocated for significant Fed rate cuts, suggesting a 50 basis point reduction in September to align with economic conditions.
about Fed Ends Crypto Supervision Program Amid Policy ShiftButerin
0 posts last weekButerin: Copyleft Can Democratize Tech, Fight Monopolies
Vitalik Buterin, the co-founder of Ethereum, has emphasized the role of copyleft in promoting technological democratization and preventing monopolistic control in the tech industry. By advocating for open-source licensing, Buterin argues that copyleft can foster innovation and reduce concentration of power among a few dominant players. His perspective aligns with broader discussions on decentralization and equitable access in the evolving digital economy.
about Buterin: Copyleft Can Democratize Tech, Fight MonopoliesVitalik Buterin Supports Roger Ver in U.S. Tax Evasion Case
Ethereum co-founder Vitalik Buterin has voiced support for Roger Ver, who faces extradition to the U.S. over tax evasion charges. Ver, arrested in Spain, is accused of failing to pay exit taxes after renouncing his U.S. citizenship, a claim his legal team argues is unconstitutional. The case has sparked concern within the crypto community, highlighting perceived regulatory overreach against cryptocurrency advocates.
about Vitalik Buterin Supports Roger Ver in U.S. Tax Evasion CaseVitalik Buterin Advocates for Improved Wallet Security to Prevent Crypto Losses
Ethereum co-founder Vitalik Buterin has called for improved wallet security to prevent irreversible crypto losses, emphasizing that many users lose access to their funds due to human error rather than theft. He advocates for social recovery wallets, which utilize a multi-signature system allowing designated guardians to help users regain access if they lose their keys. This approach aims to enhance security while balancing decentralization, addressing the significant risks associated with self-custody.
about Vitalik Buterin Advocates for Improved Wallet Security to Prevent Crypto LossesEthereum Dominance Declines as Bitcoin Strengthens Amid Security Concerns
Ethereum’s market dominance has fallen to 10.14%, its lowest since July 2020, amid security concerns following a $1.4 billion hack linked to vulnerabilities in its ecosystem. Bitcoin’s dominance has risen to 60.36%, with proponents highlighting its superior security and resilience. Samson Mow has suggested a hard fork to recover stolen funds, criticizing Ethereum’s governance and centralization, which contrasts with Bitcoin’s decentralized nature.
about Ethereum Dominance Declines as Bitcoin Strengthens Amid Security ConcernsBybit Hacker Surpasses Vitalik Buterin in Ethereum Holdings After Major Heist
The Lazarus Group, a North Korean state-backed hacker, has stolen over $1.4 billion in Ethereum from Bybit, holding 437,700 ETH, surpassing both Vitalik Buterin and the Ethereum Foundation in holdings. Buterin owns approximately 240,081 ETH, while the Foundation holds about 223,147 ETH. This breach has raised concerns in the cryptocurrency market, prompting Bybit to secure its reserves and launch a recovery bounty program for the stolen assets.
about Bybit Hacker Surpasses Vitalik Buterin in Ethereum Holdings After Major HeistVitalik Buterin Proposes Universal Light Client for Ethereum Scalability and Decentralization
Vitalik Buterin has unveiled a long-term strategy for Ethereum’s decentralization and scalability, proposing a solution through Ethereum Improvement Proposal (EIP) 3668. This approach aims to enhance the efficiency and decentralization of Layer-2 networks by establishing a universal light client that allows for standardized proof verification without reliance on centralized entities.The implementation would involve an on-chain configuration contract for Layer-2 networks, facilitating communication of proof verification mechanisms via a peer-to-peer network. While challenges such as the need for uniformity among various rollups exist, Buterin emphasizes that a byte-based proof format will ensure adaptability and maintain decentralized verification processes.
about Vitalik Buterin Proposes Universal Light Client for Ethereum Scalability and DecentralizationEthereum Foundation invests 45000 ETH in DeFi platforms to boost treasury
The Ethereum Foundation has shifted its treasury strategy by transferring 45,000 ETH, valued at $120 million, to DeFi platforms Aave, MakerDAO’s Spark, and Compound. This move aims to generate yields and alleviate the need for periodic Ether sales to cover operational costs, responding to community criticism over its previous financial practices. The Foundation plans to explore additional options, including staking, to further enhance its treasury.
about Ethereum Foundation invests 45000 ETH in DeFi platforms to boost treasuryEthereum Foundation Invests 45000 ETH in Decentralized Finance Protocols
The Ethereum Foundation has allocated 45,000 ETH, valued at around $120 million, to four decentralized finance platforms: 10,000 ETH to Spark, 10,000 ETH to Aave Prime, 20,800 ETH to Aave Core, and 4,200 ETH to Compound. This move comes amid scrutiny over the foundation’s operational transparency and internal disputes, prompting the establishment of a multi-signature wallet for DeFi engagements. Stakeholder reactions have varied, reflecting skepticism and intrigue about the foundation’s renewed commitment to the ecosystem.
about Ethereum Foundation Invests 45000 ETH in Decentralized Finance ProtocolsEthereum Daily Fees Fall Below One Million for First Time Since September 2024
Ethereum’s daily transaction fees have fallen below $1 million for the first time since September 2024, generating $731,472 on February 8. This decline is attributed to rising supply and competition from networks like Tron and Solana, alongside internal conflicts within the Ethereum Foundation. Despite these challenges, significant accumulation of ETH was noted, with addresses acquiring 330,705 ETH on February 7, marking a record inflow.
about Ethereum Daily Fees Fall Below One Million for First Time Since September 2024Ethereum Can Accelerate Protocol Changes Without Compromising Core Values
Paradigm asserts that Ethereum can accelerate protocol changes without compromising its core values of decentralization, openness, and neutrality. The firm emphasizes the need for faster innovation, advocating for improvements in client diversity and user experience, including simplifying wallet infrastructure. Additionally, the Ethereum Foundation plans to allocate $160 million to bolster its decentralized finance ecosystem while enhancing support for developers.
about Ethereum Can Accelerate Protocol Changes Without Compromising Core ValuesVitalik Buterin Warns Against Political Coins as Bribery Vehicles
Ethereum founder Vitalik Buterin has raised alarms over the emergence of “political coins,” such as MELANIA and TRUMP, labeling them as potential vehicles for unlimited political bribery. He emphasizes the need to distinguish between short-term fun and long-term wealth-building, advocating for a more responsible approach to capital allocation in the crypto sector. Buterin calls for a return to honest token-based fundraising that offers clarity to users, reminiscent of pre-2020 Initial Coin Offerings while addressing their pitfalls.
about Vitalik Buterin Warns Against Political Coins as Bribery Vehicles