Aurelia Butler

Thus, the first address was the sender of the largest amount of coins, namely 1,205.93 BTC, which is equivalent to $82.3 million. The second address is the direct recipient of these coins.Meanwhile, according to Arkham Intelligence, wallets with these addresses belong to none other than the biggest crypto exchange in the United States, Coinbase (NASDAQ:COIN). According to on-chain data, funds have been moved from Coinbase Prime addresses to the exchange’s hot wallets. Coinbase Prime, for those who do not know, is a branch that serves crypto funds of institutional clients and other large legal entities. When we try to trace where the $100 million in BTC came from, it turns out that two hours before this transfer, the deposit address was topped up with this amount from unknown wallet “3AjiY.”Adding to the intrigue, the company was charged by the SEC less than a week ago for conducting unregistered cryptocurrency-related activities. This begs the question: does this BTC belong to Cumberland itself, or to one of the company’s clients? And is the latest action an attempt to unload assets in the portfolio in the midst of an SEC investigation? The answers to these questions will be more important than ever for the future price of Bitcoin.This article was originally published on U.Today More

Neon EVM Pioneers the Network Extension Category on Solana, Ushering in a New Era of Unified Growth.Neon EVM, a leading Ethereum Virtual Machine (EVM) on Solana, formally adopts Solana Network Extension as a product category, perfectly capturing the essence of this new category. Network Extensions fill a critical gap in the Solana ecosystem. By offering a formal category for projects that natively extend Solana’s functionalities, Neon EVM provides clarity to developers, investors, and users alike. Traditionally, the positioning resulted from the inherent nature of Neon EVM and various other projects (MagicBlock, MetaPlex, etc.) since these are not typical Layer 1 or Layer 2 blockchains. Unlike traditional rollups, L2s, or sidechains, Neon EVM is a program deployed directly on Solana’s blockchain and relies upon its settlement, consensus, and data availability. Today, this makes Neon EVM part of an emerging product category known as Network Extensions—a native, composable expansion of Solana’s core capabilities, stirring up debate.The controversy sparking the Network Extensions categorySolana’s Network Extensions sparked controversy in September 2024, with co-founder Anatoly Yakovenko calling Ethereum’s L2 solutions “parasitic.” Yakovenko argued that L2s drain liquidity and fragment the ecosystem, a view echoed by Solana advocates who said L2s create a disjointed user experience. In contrast, Yakovenko claimed Solana’s Network Extensions are “natively composable” and enhance the core chain without pulling liquidity. Supporters emphasized that they are not disguised L2s but maintain a direct connection to Solana’s base layer, enabling seamless composability without Ethereum’s issues.Network Extensions differ fundamentally from L2s. Unlocking Seamless Ethereum Compatibility on Solana: Neon EVM as a Native Network ExtensionSolana sees its Network Extensions as specialised modules that broaden the L1 blockchain’s core functionalities. These extensions natively integrate with the Solana base layer, allowing new capabilities to be added while preserving the core performance and composability of the underlying L1 chain.Neon EVM epitomises this concept by enabling Ethereum compatibility for dApps while maintaining an execution environment with Solana. Neon isn’t a typical L2—it runs as an EVM (Ethereum Virtual Machine) on Solana’s blockchain, providing compatibility with Ethereum-based applications while remaining fully integrated with Solana’s L1. Unlike Optimistic or ZK Rollups, Neon doesn’t process transactions off-chain, but via Neon Proxy. Instead, it allows developers to deploy Ethereum dApps on Solana, leveraging Solana’s core capabilities— and no Rust coding is needed. Neon EVM seamlessly integrates with Solana at the protocol level and maps Ethereum transactions directly into Solana instructions, leveraging Solana’s advanced Sealevel transactional infrastructure. As a result, dApps running on Neon EVM benefit from Solana’s high-throughput environment and unparalleled scalability, enabling parallel processing and efficient execution.This technology positions Neon EVM as a key player in enhancing the accessibility and composability of blockchain applications to the Solana ecosystem. The Solana Foundation team has reiterated Neon EVM’s role as a Network Extension on social media platform X, as seen in the post below, while Anatoly Yakovenko, co-founder of Solana, has clearly stated that Neon EVM is definitely not an L2. Davide Menegaldo, CCO of Neon EVM and highlights the importance of network extensions, stating, “Network Extensions offer a powerful way to enhance and augment the capabilities of blockchain networks like Solana without the downsides typically associated with traditional scalability solutions.” Menegaldo further takes a deep dive and explains the key to determining Network Extensions:- Unified Liquidity: By operating within the same liquidity pool, Network Extensions prevent the liquidity fragmentation that often occurs with Layer 2s or sidechains, ensuring a more unified and efficient ecosystem.-Enhanced User Experience: The user gets to use native wallets and tools with ease, abstracting away all complexities associated with multi-chain and fragmented environments. – Remains native to the host chain, extending core functionality: Network Extensions are deeply integrated into the base layer and do not compete with or directly overlap it. They expand Solana’s capabilities by adding new features, new execution environments, storage or consensus capabilities, NFT functionalities without replacing the core functionalities of the underlying Solana environment.Projects like MagicBlock with Ephemeral rollups, and MarginFi, are creating tools, services, and infrastructure that don’t always fit into well-defined single categories of L1 and L2 terminologies.To fully comply with the definition of Network Extensions, Neon EVM will abstract away the complexities of the EVM layer, ensuring a seamless experience for users. EVM developers can fast-track their deployment on Solana without needing to chart the complexities of Rust. Solana users can interact with these dApps through their preferred wallets, such as Phantom, Backpack, or Solflare, paying gas fees in Solana-native currency. This composable and intuitive user experience ensures that while the technology behind these applications is Ethereum-compatible, the end-user will benefit from a unified user experience – without even noticing the underlying Ethereum-like codebase powering the dApps.Neon EVM drives innovation in Solana, expanding beyond traditional blockchain modelsNetwork Extensions in the Solana ecosystem are setting a new precedent for how blockchain infrastructure can evolve beyond the traditional L1 and L2 models. As Solana continues its growth trajectory with Firedancer and many upcoming updates, Neon EVM is poised to play a pivotal role in accelerating innovation, bringing unparalleled growth opportunities to developers and users alike. The future of blockchain is extensible, and Neon EVM is poised to lead the charge beyond the standard pathways.About Neon EVMNeon EVM is the first of its kind—a Network Extension on Solana—designed to seamlessly integrate Ethereum Virtual Machine (EVM) compatibility into Solana’s high-performance ecosystem. By operating natively within Solana’s base layer, Neon EVM provides Ethereum developers with a fast, high-throughput pathway to deploy their EVM dApps on Solana, without the need Rust coding, separate blockchain layers, or fragmented liquidity. It enhances the composability of dApps while preserving Solana’s core advantages. Neon EVM expands Solana’s capabilities, offering a unified experience where Ethereum-based projects can thrive with the speed and scalability Solana is known for.For more information about Neon EVM, users can visit neonevm.org and connect with the community on Twitter or Discord.ContactMarketing ManagerShailey SinghNeon [email protected] article was originally published on Chainwire More

What is it? According to the popular Crypto Fear & Greed Index, what is dominating the market right now is greed. What’s more, it is at its highest level since July this year, which is almost a three-month record.According to the index, it is now possible to assess greed in the market with an index of 73. For comparison, three days ago, on Oct. 11, the index value was equal to 32 and almost signaled extreme fear. Three days later, this value is more than 128% higher and is already approaching levels that signal extreme greed. As usual, this move was accompanied by noisy news headlines, both bullish and bearish. It was also accompanied by regulatory twists and turns, as well as what was happening in the U.S. political arena ahead of the November elections. Either way, what seemed like an uncertain storm amid a series of red and green candles and general fear drove Bitcoin to its highest price for a major cryptocurrency since late July. That is where the switch to greed came in.What’s next? If we follow the logic of fear = growth, then perhaps the market and its participants should wait for a paradigm shift to greed = decline. However, with cryptocurrencies, everything would be easy and everyone would be millionaires.This article was originally published on U.Today More

It is certainly possible to “say something silly once in a while, as I do,” Musk admitted. However, he said, that even this would add to the authenticity of the speaker on the X platform.Besides, the tech billionaire underscored the fact that a message posted on X rather than on a legacy media, “can reach thousands of times more people than a random newspaper article.” He reminded the community that X boasts 600 million active monthly users. Occasionally this number may soar to a whopping one billion people with active accounts who would read that message. The audience rises to that high of a number when there is a real-time crisis happening, he clarified.Among other major advantages of the X platform, according to Musk, is that the most influential people have active accounts here. Musk admitted that he is not registered on any other social media platforms, and neither are his friends and acquaintances: “I don’t use anything else personally, and the same is true for many people I know.”What is important is that Musk admitted that he often posts something on X, sometimes “100 times per day,” and that is not a team doing it but himself. Currently, a mind-blowing 201.8 million people follow Musk on X.This time in the picture, Saylor is seated in a suit, wearing an orange (Bitcoin’s color) tie with a BTC logo featured on his laptop lid and a mug on his table. “is a great way to start the day,” Saylor tweeted.Dogecoin co-creator Billy Markus also responded to Musk’s message, saying: “Most people are scared to be themselves and say what they really feel.”This article was originally published on U.Today More

Schiff’s reasoning aims to ridicule Saylor’s conviction that Bitcoin is a volatile asset that is worth investing in. If value were solely determined by volatility, he suggests that Bitcoin would be a poor investment compared to highly volatile traditional stocks. Saylor and many others see long-term potential in Bitcoin, as shown by their never-ending conviction in the asset. But Saylor’s most likely dismissal of Schiff’s opinions stems primarily from his understanding that volatility by itself does not determine an asset’s future potential. As an emerging asset class that is expanding quickly, Bitcoin’s volatility is a reflection of this. In contrast to DJT or other conventional stocks, the volatility of Bitcoin is associated with its larger function in transforming the financial system by providing decentralization resistance to censorship and the possibility of widespread global adoption.In addition, Saylor has continuously stated that he views Bitcoin as an inflation hedge, basing his investment strategy on the asset’s long-term worth rather than its volatile price. As a testament to his belief in Bitcoin’s potential growth, his company, MicroStrategy, has a sizable amount of the cryptocurrency held in its treasury. Schiff, however, is still dubious about Bitcoin and frequently calls it out as a speculative bubble. His fundamental skepticism about digital assets, and particularly Bitcoin, is the basis of his advice to Saylor. Saylor is unlikely to take Schiff’s advice seriously, given their different views on Bitcoin and their very different investment strategies.This article was originally published on U.Today More

The collaboration will reportedly increase awareness of Virtune’s ETP offering, which was listed on Nasdaq Stockholm in January 2024 and provides investors with access to Polkadot (DOT) through a regulated and physically backed structure.The Virtune Staked Polkadot ETP offers a 1:1 exposure to Polkadot, with staking rewards providing an additional 4% annual yield before fees. The regulated vehicle is available for both institutional and retail investors in Sweden, Finland, Norway, and Denmark.The partnership with Polkadot will support a marketing campaign to bridge the knowledge gap about Polkadot’s blockchain technology and its investment opportunities, according to Virtune’s CEO, Christopher Kock. The campaign will feature educational content, outdoor and digital ads, and large-scale events to highlight Polkadot’s capabilities and the investment potential of DOT. It will focus on Polkadot’s progress in areas like decentralized finance, gaming, real-world assets, and artificial intelligence.Kock further stated, “Following a long and collaborative process with Polkadot Opengov, we are both pleased and humbled to have earned the trust of the Polkadot community to lead Polkadot adoption in the Nordic financial market. We recognize a significant knowledge gap in this region regarding Polkadot’s great capabilities, and we are committed to bridging this gap through a comprehensive campaign.”Virtune’s regulated ETP is backed by Coinbase (NASDAQ:COIN) Custody, which enables staking directly from cold storage, with DOT tokens never sent to third parties. The product is easily accessible to investors through platforms like Avanza and Nordnet, providing liquidity without lock-up periods.Polkadot’s OpenGov system, which funds ecosystem development through community-approved proposals, supported the collaboration. With the campaign set to raise Polkadot’s profile in the Nordics, Virtune hopes to attract new investors to the blockchain and its growing ecosystem of projects.Earlier this year, Polkadot streamlined its governance model to enable simultaneous voting on multiple issues, all directly managed by the community. Polkadot’s OpenGov system is a major advancement in decentralized governance, giving DOT holders full control over the network without any central authority. More

Unite, the pioneering Layer 3 blockchain solution built on Base, is excited to announce a strategic partnership with Eigen Labs to incorporate EigenDA, a leading data availability solution provider, into the infrastructure that powers the next generation of mobile games.As the first Layer 3 blockchain tailored specifically for mass-market mobile games, Unite is focused on delivering seamless, high-performance experiences to the nearly 3 billion active mobile players. To achieve this mass-market scale, the partnership with EigenDA will integrate their cutting-edge data availability solutions into Unite’s Layer 3 chain, making launching and operating a web3 mobile game dramatically more efficient at scale.About UniteUnite is on a mission to build the first Layer 3 blockchain solution for mass-market mobile games, targeting the 2.8 billion players and the $90 billion revenue generated from the mobile game market. Focused on enhancing player experience with in-game earning capabilities, Unite offers a comprehensive L3 solution encompassing chain, client, ecosystem and establishing a decentralized physical infrastructure (DePin) built on billions of daily active mobile devices worldwide.Founded by veterans in mobile, gaming and web3 infrastructure who served as founders and executives of some of the biggest names, Unite is leading the innovation to the mobile games.For more information, users can visit Unite’s official website, or follow Unite on X, and join Discord community.About EigenLayerEigenLayer provides developers access to the Ethereum restaked capital base and decentralized validator set. Access to this trust network makes previously impossible mechanism designs possible in the form of Actively Validated Services (AVSs). EigenDA is the first AVS, building the most scalable, secure, and price-performant data availability layer. EigenLayer is backed by top investors including Polychain Capital, Blockchain Capital, Ethereal Ventures, Electrical Capital, and a16z crypto.ContactDi [email protected] article was originally published on Chainwire More