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  • 10/14/24: The Future Of Ethereum 🔮🗽🚀

10/14/24: The Future Of Ethereum 🔮🗽🚀

Top News

  1. Vitalik outlines the future of Ethereum in new blog post

  2. World Liberty Financial to start token sale tomorrow

  3. Base network flips Arbitrum in total value locked

Specs’ Insights

1. Vitalik outlines the future of Ethereum in new blog post

⌐◪-◪ → A new Vitalik just dropped! Our favorite boy genius (sorry SBF) just published a 3,500-word blog post on the future of Ethereum.

His post outlines various ways in which Ethereum can be improved, a long list of ideas he and other core devs are considering like:

  • Single slot finality and staking democratization

  • Single secret leader elections

  • Faster transaction confirmations

  • 51% attack recovery

  • Increasing quorum threshold

  • Quantum-resistance

Naturally, Bitcoin-maxis are already roasting the post, while the rest of crypto still seems to be digesting the information — not a lot of takes yet.

As for me, I’ll be starting off with this article by BREAD, WTF is Finality? before diving into the full 15-minute read from Vitalik.

Join me and the hive mind in Specs.Chat to discuss.

2. World Liberty Financial to start token sale tomorrow

⌐◪-◪ → Prepare to be liberated! Trump’s World Liberty Financial just announced the public sale for $WLFI will start tomorrow, October 15th.

This sale comes just 3 weeks before the November 5th election, a bold move for Trump that has left the space divided.

This morning, they hosted a 90-minute Twitter Space with their core team, advisors, VIP guests, and Donald Trump Junior himself.

Meanwhile, their Aave v3 proposal is receiving solid support. After the temperature check phase, it will advance to Aave Request for Comment (ARFC) for further feedback, which will lay the foundation for an Aave Improvement Proposal (AIP).

If you want to participate in the public sale, which again starts tomorrow, you’ll need to sign up for their whitelist and KYC on their official website.

Initially, I wasn’t going to KYC for privacy, but I might set up a burner wallet so I can see what’s happening behind the scenes.

Please do your own research this is not financial advice.

3. Base network flips Arbitrum in total value locked

⌐◪-◪ → Base cannot be stopped. Coinbase’s L2 Base just flipped Arbitrum with $2.4B in total value locked, making it the largest layer 2 blockchain and 5th largest among all blockchains. For context, here are the top 5 blockchains by TVL:

  1. Ethereum → $47B

  2. Tron → $7.4B

  3. Solana → $6.0B

  4. BSC → $4.6B

  5. Base → $2.4B

This is a pretty crazy accomplishment considering they launched just over a year ago (August 2023) and have already surpassed household names like Arbitrum, Sui, Avalanche, Polygon, and others.

If this wasn’t impressive enough, they are also the number 1 L2 in terms of transaction count — dominating on all fronts.

The real question is, as the industry gains regulatory clarity (especially in the US) will Base reverse their stance and decide to launch their own token?

Let me know what you think in Specs.Chat!

Everything Else

⛓️ Crypto & DeFi

  • Google search volume for “Bitcoin” hits lowest level in 1 year

  • Worldcoin partners with Dune to boost transparency ahead of mainnet

  • Kalshi adds 4.05% yield to cash and open positions

  • $500M in crypto unlocks this week: WLD, ARB, EIGEN, AXS

  • Ethena Labs proposes SOL for USDe’s collateral token

  • $1.3B Ethereum from PlusToken ponzi to hit exchanges

  • Scroll reveals airdrop details, 7% to be distributed on October 22nd

  • Arkham Intelligence to launch derivatives exchange next month

🏦 Wallstreet & VC

  • Deutsche Bank to provide foreign exchange services to Keyrock

  • Paradigm invests $20M in Ithaca their own spinoff building a layer 2

  • Grayscale considering 35 altcoins for investment product

🏛️ Legal & Regulatory

  • Ripple co-founder Chris Larsen donates $1M to Kamala Harris

  • Bankq’s bankruptcy case dismissed by U.S. judge

  • Samara Asset Group plans $32.8M bond to expand BTC holdings

  • Avalanche Foundation to repurchase tokens sold to Terra LFG

  • Ryan Salame, former FTX exec, begins 7.5 year prison sentence

  • FTX user sues hedge fund set to make more than $1M from claims

  • Craig Wraight sues Bitcoin Core and Jack Dorsey’s square

🌎 Rest Of The World

  • Australia’s first spot Ether ETF to go live on Tuesday

  • German national charged in $150M crypto fraud disables ankle monitor

  • Dubai ranked top crypto hub along with Switzerland and South Korea

🖼️ NFTs & Metaverse

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